FFC Giveback
At FOREVER FC, we believe that every contribution to our platform's vibrant ecosystem should be rewarded. That's why we've introduced the FFC Giveback program, a unique system designed to reward holders of FFC Trading Cards with a share of funds generated from secondary royalties.
How It Works
The FFC Giveback program operates in a cyclical fashion, consisting of two alternating periods: the Monitoring Period and the Claim Period.
Monitoring Period: During this period, we keep track of two crucial figures: the lowest number of global circulating FFC Trading Cards and the lowest number of cards each account holds. The length of the Monitoring Period is not fixed and may vary based on a heuristic of accrued funds amount, current FFC Trading Card supply, and a general target length.
Claim Period: Once the Monitoring Period ends, the Claim Period begins. This is when account holders can claim their share of the allocated secondary royalties received during the previous Monitoring Period. The claim share is calculated by dividing the lowest number of cards an account owned during the Monitoring Period by the highest number of FFC Trading Cards in supply during the same period.
Please note that there is always a Monitoring Period taking place, alongside a Claim Period for the previous month's Monitoring Period, except for the initial period in which only a Monitoring Period takes place.
Important Considerations
Eligibility: Tradable FFC Trading Cards are eligible for participation in share calculation.
Threshold: Accounts must meet a minimum threshold of $1, exclusive of fees, in order to withdraw during a Claim Period.
Forfeiture: Funds not claimed during the Claim Period are forfeited. These funds may then be utilized for furthering community engagement initiatives.
The FFC Giveback program is a testament to our commitment to rewarding our loyal and dedicated community. It's a way for us to say 'Thank you' for your continued support and contribution to the growth of FOREVER FC. Don't miss out on your share; make sure you participate in the FFC Giveback program. Happy trading!