To resolve the current issue of too many promotion contents and break through the upper limit bottleneck of individual promotion.
Update the Promotion Mining mechanism, introduce in the Promotion Nodes (organization) to upgrade the voting of individual promotion works to the voting of promotion nodes. And set up a new Evaluation Committee.
New Promotion Mining mechanism
Change the promotion period to 1 month and increase the reward to 1.6 million FT/cycle. That is, the submission of the work needs to be completed in 3 weeks, and the voting will be completed in 1 week. Community voting will be held first (weight: 20%), then will be Evaluation Committee voting (weight:80%).
Among the top 20 shortlisted promotion nodes in each term, the last 5 nodes will be eliminated which will not receive any promotion mining rewards.
Promotion node application conditions:
1. At least 5 KYC users (one KYC user can not join in two or more nodes at the same time);
2. Each KYC user of promotion node needs to lockup 10,000 FT (fixed-term lockup type with lockup cycle at least 1 year).
Evaluation Committee Application Conditions:
The Evaluation Committee consists of 15 community partners. Any community partner is qualified for Evaluation Committee application but will lose the right of participating in promotion mining after joining in the Evaluation Committee.
Consensus Resolution: Pass
Support: 潜龙, Frank, 六翼天使资本贾继双, 麻久熙, 巴菲特, 唐律华, 坤元, 周安, 子陵, 思旷；
City nodes and non-official community organizations are welcome to apply for Promotion Nodes. The application method is as follow:
First, send the organization name and KYC users' username (at least 5 KYC users meet lockup requirements) to firstname.lastname@example.org with the title ” Applying for Promotion Node”. Then contact the telegram: @FCoinSupport, or WeChat: du13939442121. And your Promotion Node will be regarded as established if your application was approved.
The specific implementation time will subject to the future announcement.
FCoin Community Committee Secretariat
May 28, 2019