Dear community users:
In order to reduce the operation&maintenance burden generated by processing dividend data and make FCoin‘s development and iteration more efficient, FCoin's revenue distribution execution mechanism will be adjusted to Locking and Dividend Mechanism(This mechanism has been discussed by the community and has been adopted by the Community Committee).
The precautions involved in this adjustment are as follows:
1, After this adjustment, the FT in any type of Lock-up Account can receive revenue, and the FT in the non-Lock-up Account will no longer receive revenue distribution.
2, In order not to hurt the FT's liquidity, FCoin added a "Dividend Lock-up". The locked FT belonging to this type can be unlocked at any time. Users can split their positions into any number of locks (the minimum lock limit is 1000FT). The user can perform the lock and unlock operation at any time, but his/her number of lock operations per day cannot exceed 10, and his/her number of unlock operations is unlimited. After the unlock application submitted 24 hours , the system automatically unlocks (Do not enjoy dividends while waiting for unlocking).
3, Users can freely lock FT to participate in revenue distribution. You can complete the lock operation in any lock-up type before 00:00 (GMT +8) every day, and you can enjoy the previous day‘s revenue to be distributed.
4, The FCoin platform counts the lock position every day between 00:00-01:00 (GMT+8, the same below), and allocates the revenue to be distributed on the previous day according to the lock occupancy ratio.
5, The various types of FT that have been locked before can automatically enjoy the "Locking and Dividend Mechanism " without additional operations.
In order to give the user sufficient preparation time, the adjustment will be officially implemented on December 1, 2018 at 00:00 (GMT+8).
November 25, 2018