Dear community users:
According to the initial consensus by the FI temporary committee, we are now announcing the FI project (FInsur) regrouping plan and referendum plan as follows:
FCoin Team will take over the development and operation of the FI project.At the same time, FCoin Team is committed to launching new profitable insurance products in the next three months and providing a clear roadmap for the medium & long-term development of the FI project.
The FI project will replace the monthly dividends by annual dividends. Dividends will allocate 80% of gross profit rather than directly allocate the premium income.(For example, the current one-year premiums are allocated in advance, which is actually the unconfirmed income rather than the gross profit. Such a distribution method will lead to increased risk, difficulty in expansion and continuous operation of the insurance products).
FI project will start a sustainable “insurance mining” to cooperate with the launch of new products. The FI mining return will come from the FI Fund (20,551,335 FI) and FI Community Strategic Reserve (20,000,000 FI).
The formal FI Community Self-governance Committee will be founded through a referendum to restart the FI communalization governance process.
The regrouping plan will take effect after being approved by the voting of all FI holders. FCoin will launch the referendum at 16:00 (GMT+8, the same below) on May 30, 2019, based on the snapshot of FI holdings at 00:00 on May 30, 2019.
May 29, 2019