Dear community users:
In order to encourage FT long-term investing and the market activity, and complete the stable issuance of FT, the FCoin “Trans-Fee Mining” additional reward program (trial run) is now launched:
1.Introduction of FCoin "Trans-Fee Mining" Additional Rewards Program
(1) Community users trading in all FCoin trading boards (including Main Board, GPM, FOne) will receive an additional 10% rewards, will be accumulated in the form of FT1908 and returned to each user the next day (ie, for every 100 FT1808 returned, there will be an additional 10 new FT1908).
(2) FT1908 is a future FT warrant which will be delivered at August 2019. We plan to open a bulk trading market in the near future where FT1908 can be traded, along with fully reinforced market makers to meet the needs of FT1908 large-volume trading.
(3) It is also important to emphasize that 100% refund of trading fee (see "Trans-Fee Ming" principle) will continue until the FT total liquidity reaches the 10 billion issue limit.
The additional rewards will be accumulated from now (August 7, 2018, GMT+8) and will be distributed for the first time on August 9, 2018, and on a daily basis after then.
2. The main purpose of this program
(1) Rewarding the investors who are confident about FCoin's long-term development, and encourage more community users to become the long-term FT investors.
(2) Rewarding the long-term investors, and encourage trading liquidity.
3. Description of the value of the FT1908
(1) The FT1908 is a future FT warrant issued by FCoin, and will be delivered to FT spot in a 1:1 ratio Upon expiration, will not listed on the open market (but on bulk transaction registration platform).
(2) FT1908 will be officially delivered at 0:00 (GMT+8) on August 3, 2019. It can also be simply understood as the future FT being delivered at the agreed time after issuance.
(3) The value of the FT1908 is: the net value of the FT on the delivery date, and also the accumulated dividend (FT) locked in the FT1908.
Aug 7, 2018