Dear community users,
FI Regrouping plan 1 which is Supporting Regrouping Plan has won the referendum at the rate of 99.52% (plan 1 won1373421 votes in total).
The referendum result:
1.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.
2.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).
3.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).
4.The formal FI Community Self-governance Committee will be founded through a referendum to restart the FI communalization governance process.
FCoin Team will fully take over the development and operation of the FI project and strictly implement the plan according the result of this referendum.
The specific implementation plan is subject to the future announcement.
May 31, 2019