Dear community user:
"Incentive Program for FCoin" will be upgraded from 0:00 on July 21, 2018 (GMT+8). The original program will be completely stopped and the new algorithm will be implemented. The biggest difference between the upgraded program and the previous program is that the extra return will not be FT, but be FCandy. The specific mechanism is as follows:
Extra return of "Incentive Program for FCoin" for each community user on the day= (The user "Trans-Fee Mining" returned FT / FCoin community "Trans-Fee Mining" return FT total) * FCandy mining increments.
The FCandy generated daily by the "Incentive Program for FCoin" will be returned in a unified manner the next day.
1. "Trans-Fee Mining" returned FT ：According to FCoin's Trans-Fee Mining mechanism, the trading fee is 100% returned in the form of FT. For details, please refer to the principle of “Trans-Fee Mining”.
2. FCandy's mining increments: FCoin's 10% of total daily revenue (ie 50% of platform revenue) is used to repurchase FT and all of the repurchased FT will be released to FCandy (permanent lock). This will result in a corresponding FCandy issuance quota.(As the principle stated in FCandy issuance mechanism rules publicity , FT is a FCI06 component index digital asset, and the additional FCandy will be calculated at 50% of the total value of the invested FT.
1. It is also important to emphasize that the user's trading fee100% refund (see "Trans-Fee Ming" principle) will continue until the FT total liquidity reaches the 10 billion issue limit. This is the established principle of FCoin, not an activity.
2. Mining increments is only one of FCandy's multiple issuance methods (ie, asset locking placement). Other FCandy issuance methods are subject to future announcements.
July 20, 2018