According to CFT’s distribution plan, CoinBene will allocate 70% CFT for contract mining, and award CFT to contract customers through various mining types.
Check it out:
00:00:00, August 26 2019 (GMT+8)
[Contract Trading Fee]
Maker: 0.01%, Taker: 0.01%
This rate will be available during the Mining period.
[Mining Production Rules]
(1) Daily mining quota
In order to ensure the sustainability of contract mining, all mining types will follow the rules of fixed or controllable volume. We will ensure that the daily CFT volume should comply with the mining rules.
Every 90 days is a mining cycle, and the daily mining quota is consistent within each cycle.
In the first cycle, the “daily mining quota” is 3 million CFT.
From the 2nd to 4th cycles, the “daily mining quota” per cycle is 50% lower from the previous cycle.
From the 5th to 8th cycles, the “daily mining quota” per cycle is 25% lower from the previous cycle.
From the 9th to 12th cycles, the “daily mining quota” per cycle is 12.5% lower from the previous cycle.
According to this mining rate, CFT is expected to be mined in 9 years as the fastest.
(2) Settlement Period
The mining will be settled at 00:00:00-23:59:59（GMT+8）everyday.
The CFT mined on the day will be returned by 1% daily from 11:00 (GMT+8) on the next day until all the volume are returned.
CFT will be awarded for ranking mining, trading mining and pending mining separately. An order meeting the rules may enjoy multiple mining rewards at the same time.
1. In order to ensure the fairness of contract mining, if a customeris found to have obtained CFT by cheating during mining, CoinBene willreserve the right to pursue responsibilities and has the right to cancel the customer’s qualification for mining;
2. CoinBene reserves the right to final interpretation of the event.
If you have any problems, please add our customer service agent, and join the exclusive contract customer group for more benefits.
Telegram note: perpetual contract
22 August 2019