4.3 FYC Production Mechanism

Staking Process: Users stake Fcoin in the FYC contract mining pool, earning 1.2% of the staked amount in FYC daily.

Production Formula: Daily FYC Output=Fcoin Amount×1.2%FYC Daily Price\text{Daily FYC Output} = \frac{\text{Fcoin Amount} \times 1.2%}{\text{FYC Daily Price}}\text{Daily FYC Output} = \frac{\text{Fcoin Amount} \times 1.2%}{\text{FYC Daily Price}}

Example: If a user stakes 10,000 Fcoin and the daily price of FYC is $0.50: Daily FYC Output=10,000×0.0120.50=240 FYC\text{Daily FYC Output} = \frac{10,000 \times 0.012}{0.50} = 240 , \text{FYC}\text{Daily FYC Output} = \frac{10,000 \times 0.012}{0.50} = 240 , \text{FYC}

If the user stakes for 30 days, they would earn 7,200 FYC, valued at $3,600 at the current price.