FCoin Community Committee held the weekly meeting at 20:00, on March 18, 2019
Topic: Optimized proposal on FT return from the Transfee-Mining on Main Board A initiated by FCoin team
Proposal: It is suggested to distribute the coordinatingly FT amount for each coin/token on Main Board A based on its trading volume on the whole industry
Purpose: to maximize the liquidity promotion of each coin/token on Main Board A and benefit all traders.
The 6 coins/tokens on Main Board A are also the top 6 coins/tokens of the whole industry (based on current data on Coinmarketcap while excluding Tether), the trading volume proportion is:
We adjust the above data in round number to facilitate easy calculation into:
Therefore, the 1million FT daily return on Main Board A shall be distributed as follows based on the above proportion (the FT return for each trader will be distributed according to his trading volume proportion of this coin/token):
BTC： 500,000FT （Trading Pair：BTC/USDT）
ETH： 200,000 FT （Trading Pair：ETH/USDT，ETH/BTC）
LTC： 100,000FT （Trading Pair：LTC/USDT，LTC/BTC，LTC/ETH）
EOS： 100,000FT （Trading Pair：EOS/USDT，EOS/BTC，EOS/ETH）
XRP： 50,000FT （Trading Pair：XRP/USDT，XRP/BTC，XRP/ETH）
BCH： 50,000FT （Trading Pair：BCH/USDT，BCH/BTC）
1. We will accordingly adjust the FT return proportion if the trading volume proportion of Main Board A in the whole industry changed significantly.
2. All FT return proportion of each coin/token on Main Board A will be halved when Transfee-Mining returns halved.
Consensus Resolution: Pass
No Declaration: Frank.
FCoin Team’s feedback after evaluation: this proposal can be implemented as early as 00：00（GMT+8) on March 20, 2019. Please stay tuned on the specific implementation time.
Secretariat of FCoin Community Committee
March 18, 2018