Dear community users:
AS Regarding FCoin's Revenue Distribution Mechanism said, Our revenue distribution snapshots are done on an hourly basis.
FT represents a stake in the FCoin community, holding FT will permanently enjoy the revenue distribution of FCoin platform. In line with the principle of encouraging holding, we make the following adjustments to the snapshot method:
1. Since the implementation of the revenue distribution snapshot, we have been implementing the strategy of all FT snapshots, including available balances and freezes (ie, FT for pending orders). From 0:00 on July 10, 2018 (GMT+8, the same below), the FT hourly snapshot is adjusted to only the snapshot available balance portion (ie, the frozen portion is not calculated).
2. Since the implementation of the 24-hour snapshot, we have distributed the accumulated platform revenue per hour to the hourly FT snapshot holders and returned it by day. Since 0:00 on July 10, 2018, the original return strategy will be adjusted to return according to the FT minimum in previous 24-hour snapshot. That is, every day from 1 to 24 o'clock, every hour (full hour) snapshots (only snapshot available balance). And take the minimum value of 24 snapshots of the previous day as each user's baseline data on the next day, and use this data to calculate the percentage this user holding in the total data ( which is the accumulated of all user's baseline data, and will be less than total FT in circulation). We will distribute the day's FCoin revenue base on this percentage.
After this adjustment, the users who hold the FT continuously for a long time will have a higher revenue distribution ratio, and the users with frequent trading operations may have a lower revenue distribution ratio.
There is still much room for FCoin to grow. We sincerely thank you for your kind support and look forward to your valuable suggestions.
July 9, 2018