Dear community users:
After the rapid development of the first phase, FCoin is about to enter the second phase, the new
However, due to the rapid development of the first phase, accompanied by the immature community mechanism and the drastic changes in the market, some community users suffered unexpected losses. This is not what FCoin is willing to see, nor is it the original intention of community development.
Based on this, we are about to launch the following community user compensation plan:
As a holder of FT and an integral part of the FCoin ecosystem, FCoin Fund plans to take no less than 1 billion FT (10% of FCoin's issuance cap) from its frozen and locked FT for the FCoin community user compensation program.
The compensation plan is mainly for users who hold FT, FI, GU, QOS. The compensation principle is:
1. The GU and QOS projects are funded by FCoin's fundraising technology and currently fall below the issue price. In principle, the plan will compensate 100% of the equivalent losses for all participating users.
2. Although the current price of FT and FI is higher than the issue price, we will also come up with a specific compensation plan due to the huge price fluctuations. The overall idea is to compensate and reward long-term users.
3. According to the white paper's initial distribution plan, the FCoin Fund holds a total of 2.3 billion (frozen and locked) FTs and follows Founding Team and FCoin Fund FT Lockout Plan. In the FOne Certified Organizations Win-Win Program, the FCoin Fund invested a total of 1 billion FT; In this plan, FCoin Fund will invest no less than 1 billion FT again. The FT return for all FCoin Community User Compensation Programs is still subject to the 3-year lockout principle agreed upon by the Founding Team and FCoin Fund Lockout Plan.
4. FT for the FCoin Community User Compensation Program is derived from the FCoin Fund and does not increase the existing FT supply in the secondary market.
The above plans will announce the relevant rules in the coming week.
FCoin Team & FCoin Fund
August 6, 2018