Reward FT lockup users and further encourage long-term lockup.
User’s daily return from Lockup Mining = total return amount of Lockup Mining * the user’s lockup cardinality / the sum of all users’ cardinality
1. The coefficient is calculated as:
For these non-fixed-Term lockup types which including Dividend Lockup, OTC Merchant lockup, Community Referrer lockup, Certified Organization lockup, etc., the coefficient is 1
Fixed-term Lockup with lockup cycle between 3-5 months (including 3 months) , the coefficient is 1.2
Fixed-term Lockup with lockup cycle between 6-11 months (including 6 months) , the coefficient is 1.5
Fixed-term Lockup with lockup cycle between 12-24 months (including 12 months) , the coefficient is 2
Fixed-term Lockup with lockup cycle more than 24 months (including 24 months) , the coefficient is 3
(Note: The coefficient is only related to lockup cycles, regardless of the specific lockup starting time or unlocking time)
2. User’s lockup cardinality calculation does not include these with remaining lockup time <24 hours.
3.1 The Community Committee determines the coefficient related to fixed-term lockup specified in the above clause 1 as the minimum coefficient (that is, the future fixed term lockup coefficient can only be increased but not be lowered. Only the coefficient of non-fixed term lockup can be lowered).
3.2 The Community Committee determines the proportion of the current mining output from Lockup Mining to the daily planed total mining output of the current cycle (currently the ratio is 10%) as the lowest ratio (that is, it can only be increased in the future but not be lowered).
3.3 A referendum is required if the above two points need to be changed. The Community Committee has no power to pass any resolution that contradicts the above two terms (3.1 and 3.2).
4. To further implement the original intention of Sustainable Mining and better reward to community users, the total 720,404,905 FT hold by FCoin Team with a lockup period of 3 years will not participate in Lockup Mining or receive any Lockup Mining return.
Consensus Resolution: Pass
Supported: 唐律华, 六翼天使资本贾继双, 麻久熙, 巴菲特, Frank, 周安, 坤元, 思旷, 潜龙, 子陵；
Not state: Non.
The specific implementation time of the above proposal shall subject to the future announcement.
FCoin Community Committee Sectarirts
May 10, 2019