Dear community users:
FCoin will reopen the new referrals invitation rewards on July 23, 2018. The specific rules are as follows:
First, we define
Valid referral: Invited to register as a FCoin community user through invitation link, while satisfying the following conditions (It can be achieved during the renewal of the invitation rewards activity and is not required to be achieved at a specific time. It is count as a valid referral on the day the condition is achieved.)
1. The referral account has no less than 1 ETH, or has BTC, USDT, FT equivalent greater than 1 ETH (the equivalent price is according to the FCoin average price of that day). The statistical method is: FCoin takes a snapshot of the balance of the user's assets every hour every day, and takes the minimum value of each asset (ETH, BTC, USDT, FT) in 24 snapshots. This condition is achieved once any asset reaches more than 1ETH.
2. GA (Google Authenticator) has been successfully bound.
Referrals invited by the referrer daily: The number of valid referrals that the referrer invites through his personal invitation link each day (each referral counts only once, not repeatedly).
Total amount of daily invitation rewards: The FCoin platform delivers FT daily to FCandy (which come from FCoin’s revenue repurchase or FCoin own funds reserve). During the duration of the invitation rewards activity, The FCandy generated by the 1 million new FTs per day is the total amount of daily invitation rewards (See the FCandy Distribution Mechanism Publicity).
The user's invitation reward= Referrals invited by the referrer daily /Total referrals daily* Total amount of daily invitation rewards
1. FCoin will return the invitation rewards for all referrers on the following day. The invitation link will take effect at 10:00 (GMT+8) on July 23, 2018, the first snapshot date will be executed on July 24, 2018 and the first invitation rewards release day will be July 25, 2018.It will be released on a daily basis after that.
2. The total amount of FT delivered to FCandy by FCoin for invitation rewards, and the definitions of valid referrals will be adjusted and improved as appropriate. The specific rules will be subject to the future announcement.