Dear community users:
According to FMEX daily subscription and targeted allotment implementation plan, we are now publishing the details on Targeted Allotment as follows:
No more than 10 million FMEX will be given to Targeted Allotment at 16:00 (GMT+8, the same below) since June 5, 2019, until all 150 million FMEX were purchased.
The Targeted Allotment is based on the oversubscription + FT lockup ratio, that is:
All purchasing order will be accepted （which means the total purchasing amount can exceed the allotment quota of that day）by the system during the allotment time which is between 16:00 and 16:10 each day. After the completion of allotment (which is after 16:10), the system will allocate the FMEX quota according to the following principle:
1. If the allotment amount is over the quota of this day (10 million FMEX),
First, we will allocate the 10 million FMEX according to the locked FT holding ratio (based on the snapshot of at 0:00 on that day) of the participators.
Due to the difference between the proportion of allotment number of participators and the proportion of FT lockup amount, there might be the case that some users’ allocation quota is less than the allotment amount, while others’ is more.
For these over-purchasing users whose allocated amount is less than the allotment amount, we will allocate the quota of all insufficient allotment (which is the sum of the differences of users whose allocated amount are more than the allotment amount) according to the proportion of users’ over-purchasing amount (which the differences of user whose allocated amount is less than the allotment amount) to the total over-purchasing amount, until the rest were all allocated.
If there is still over-purchasing (the allotment amount more than allocated amount) after the above allocation, fund will be returned after settlement.
It can be simply read as: allocate the allotment needs based on FT Lockup proportion in priority order, and then the purchased capital proportion.
2. If the allotment amount is less than the quota of this day (10 million FMEX), all FMEX will be allocated by the actual purchasing amount.
Only USDT and FT (FT without lockup) are accepted for Targeted Allotment.
If you purchase with USDT, the price is 1USDT = 10FMEX.
If you purchase with FT, the average FT market price of the latest 20 days (based on the average market price of the previous 20 days, excluding the purchasing day) will be converted into USDT on the purchasing, for target allotment.
June 4, 2019