Coordinating and optimizing the FT repurchase & destruction.
Currently, the income distribution ratio of FCoin Fund is: 20% of income is allocated for daily distribution, and 80% is included in the annual distribution, which shall be adjusted to:
100% of the daily income distribution, that is, all daily income distribution from FCoin Fund will be used for FT repurchased from the secondary market and destruction. A separate income distribution pool will be established and publicized on the home page. The income will be automatically converted into USDT or PAX and divided into 24 pieces per day, and repurchase at the price of Sell One per hour, the destruction will be conducted once a week. The specific quantity will be published in the weekly report.
Note: The current FCoin Fund income distribution is extracted from the annual cumulative income distribution according to the proportion of the FCoin Fund, which will be used for FT repurchase and destruction from time to time within the next four weeks.
The specific implementation rules and time are subject to the platform announcement.
Consensus result: passed
Support: 周安, 鉴湖飞雨, 麻久熙, 程威, 杨益挺Frank, 巴菲特, 布局圣手, yuefeng, 沈飞, 洪森
FT Community Committee Secretariat
July 16, 2019