FCoin is now launching the Inviting Mining Plan (Trial) according to FCoin Community Committee passed the proposal for inviting mining rules (trial). Community users can receive mining reward by inviting friends to register on FCoin, please see details as follows:
How to participate
Click to enter my inviting code page (https://www.fcoin.pro/invite) to obtain the invitation code and invitation link. Once your invitee has completed the registration by the invitation link or code, and completed the KYC authentication, then you should be qualified for inviting mining and can receive the rewards accordingly based on the inviting mining rules.
Note: Both the inviter and the invitee participating in Inviting Mining are required to complete the KYC authentication.
To determine the inviting mining achievement through the newly added fixed-term lockup FT quantity of the invitee, and distribute the mining reward accordingly.
Referring to the quantity and period of the newly added fixed-term lockup FT of the invitee, the reward will be distributed to inviter according to the proportion, specifically:
Invitee's sustainable mining output (the lockup period is 12 months), 2% of the newly added lockup FT will be rewarded to this inviter;
The invitee actively locks his FT with the lockup period of 3-5 months, the reward for the inviter is 5% of the newly added lockup FT;
The invitee actively locks his FT with the lockup period of 6-11 months, the reward for the inviter is 10% of the newly added lockup FT;
The invitee actively locks his FT with the lockup period of 12-23 months, the reward for the inviter is 15% of the newly added lockup FT;
The invitee actively locks his FT with the lockup period more than 24 months, the reward for the inviter is 20% of the newly added lockup FT.
No more than 200,000 FT (maybe adjusted as appropriate in the future) will be returned on a daily basis, to the inviters on the next day or the third day of the lockup-adding date (the rewards of the invitee's mining output will be calculated on the third day) according to the above algorithm in the following two cases :
(1) If the reward to be distributed to all inviters on the same day is greater than 200,000 FT, then 200,000 FT will be distributed according to the proportion of each inviter to be awarded, and the undistributed parts (the excess) will be counted to the accumulated undistributed part of the inviters.
(2) If the reward to be distributed to all invitees on the same day is less than or equal to 200,000 FT, then all FT awards will be distributed according to the above algorithm. The remaining reward part (which is the difference between the actual number of issuances and 200,000) will be distributed to the inviters who have accumulated undistributed part according to the proportion of all accumulated undistributed part, then the distributed part of this time will be deducted from the balance of his accumulated undistributed part.
Rewards will be given to the inviters according to the ranking of their invitees’ comprehensive evaluation based on login, deposit, trading, etc...
The algorithm will not be disclosed. The specific amount is subject to the actual issuance.
The part of the reward will be distributed once a week, and the quota and number of users will be publicized.
June 18, 2019