Dear community users:

In order to enhance the promotion of FCoin trading liquidity by Trading as Mining and the inclusiveness of Trading as Mining, we are scheduled to optimize the FCoin Trading as Mining algorithm at 0:00 (GMT+8) on April 16, 2019.

The effect of the algorithm upgrade is:

After the algorithm is upgraded, the mining returns obtained by ordinary users (lower trading frequency) will increase; the mining returns obtained by high-frequency trading users with higher trading volume concentration (concentrated in certain specific time periods) in one day will decrease.

Details:

The Mining rewards for Trading as Mining under a certain trading pair on someday = Daily FT Mining rewards under this trading pair * **The cardinality of Trading as Ming for a certain day** of this trading pair of this user / the sum of **The cardinality of Trading as Ming for a certain day** of this trading pair

Note:

The calculation method of the **The cardinality of Trading as Ming for a certain day** of a user in a trading pair is as follows:

1. If the user’s total number of orders on this trading pair is less than or equal to 50 on the day **and** the user complete KYC authentication, the user's **The cardinality of Trading as Ming for a certain day** is: the total trading volume on this trading pair of the user on the current day.

2. If the user’s total number of orders on this trading pair is more than 50 on the day **or** the user does not complete KYC authentication, the user's **The cardinality of Trading as Ming for a certain day** calculated in this way：

First, define the user’s **effective mining volume per 10 minutes on a trading pair**]as the part of **the trading volume of 10 minutes on this trading pair** that does not exceed **the total trading volume of the user on this trading pair of the total day * 1/144**.

Then the user's **The cardinality of Trading as Ming for a certain day** is the sum of **effective mining volume per 10 minutes on a trading pair**, that is:

Then the user's **The cardinality of Trading as Ming for a certain day** is the sum of the first **effective mining volume per 10 minutes on a trading pair **plus the second **effective mining volume per 10 minutes on a trading pair** plus the third **effective mining volume per 10 minutes on a trading pair** plus …… the 144th **effective mining volume per 10 minutes on a trading pair.**

Examples for **The cardinality of Trading as Ming for a certain day**

1. If an ordinary user’s trading counts is 18 (less than 50) on the BTC/USDT trading pair, and the total trading volume is 10000 USDT, then the user's **The cardinality of Trading as Ming for a certain day** is 10000 USDT.

2. If a quantified trader’s trading counts is 500 (greater than 50) on the BTC/USDT trading pair, the total trade volume is 1,440,000 USDT, and the trade volume for each 10 minutes starts from 0:00 on the same day is 10,000 USDT, Then the user's **The cardinality of Trading as Ming for a certain day** is 1,440,000 USDT.

3. If a quantified trader’s trading counts is 500 (greater than 50) on the BTC/USDT trading pair, the total trade volume is 1,440,000 USDT, But all the trading volume of the day is concentrated between 1:00 and 1:10, then the user's **The cardinality of Trading as Ming for a certain day** is 10,000 USDT.

FCoin Team

April 15, 2019

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