Dear community users:
FCoin is now launching an innovative [Locking as Mining] trading products FCandy (FCoin candy), which has the following characteristics:
1.FCandy is an asset pool that aggregates multiple digital assets. FCandy's operation is completely transparent, and before the start of the community voting mechanism, the principle of “permanent locked” is adopted, that is, all the funds transferred into the FCandy asset pool cannot be sold to the secondary market, nor can it be transferred externally. The FCandy asset address is publicly available to everyone. FCandy will own all the interests in its collection of assets (including but not limited to dividends, voting, etc., but all rights that need to be actively exercised must be voted by the community).
2.FCandy adopts the issuance mechanism of “Locking as Mining”. For the specific details, please refer to FCandy issuance mechanism rules publicity.
3.The allocation mechanism of FCandy is:
(1) All newly issued (issued daily) FCandy, the distribution rights belong to all registered users of the FCoin community. FCoin will launch FCandy's voting function as soon as possible. Prior to this, FCandy operated strictly in accordance with the pre-agreed requirements and was implemented by the FCoin platform.
(2) FCandy will adopt two main distribution mechanisms: First, according to the total assets (Only Main Board) of registered users of FCoin community, it will be regularly and freely aired to all FCoin community registered users; second, provide rewards for new user registration. The specific rules will be subject to the future announcement.
4.FCandy's asset sources are divided into two types:
(1) Active delivery from the FCoin platform: The FCoin platform plans to spend 10% of FCoin's total revenue (50% of platform revenue) per day to repurchase FT from the secondary market and place it on FCandy. The specific plan is subject to the future announcement.
(2) Active delivery from project parties: The FCoin GPM "ETH Trading Zone" is about to launch new listing rules that encourage the project parties to deliver its own tokens to FCandy, and to benefit all platform users.
5.After the FCandy holder voting mechanism is launched, high-value assets in the FCandy asset pool can be disposed of by community voting. Asset disposal methods include, but are not limited to, auctions, agreement transfers, discount realizations, etc. Revenue from asset disposal is allocated based on the proportion of FCandy assets held by registered users of the FCoin community.
July 19, 2018