Fork Coin Specifications
ForkCoin issuance policy funding objectives and efforts to increase future value and It describes the Token (FORK) specifications, features and capabilities, and Token distribution.
ForkCoin is a Token being used as an internal currency of $FORK, and the unit is ForkCoin. ForkCoin plays an important role in SAEX's currency, allowing the Blockchain System to work and maintain smoothly on the platform.
The Cloud's internal currency is exchanged with ForkCoin within SAEX
The issuance of ForkCoin is based on the Node Incentives and Transaction Fee. It can be increased or decreased by about 10% per quarter after the ForkCoin Super Node has agreed depends on ForkCoin transaction volume according to transaction processing of Blockchain System, ForkCoin requirement quantity according to transaction volume in SAEX, Ranking System Volume, and Freezing Fee.
FIRS (ForkCoin incentives Ranking System) analyzes cumulative evaluation data (trading volume of ForkCoin, required ForkCoin, ranking system volume, freezing fee) to predict the optimal future demand issuance.
Node Incentives – 60%
The Transaction Fee is set to a minimum to maximize the efficiency of the transaction and, follow FIRS (ForkCoin incentive ranking system) if necessary.
The value set on the initial Blockchain Network is set to 0.001 FORK per transaction
Ranking System – 40%
Design of Ranking Algorithm
The Ranking System is designed to operate as simple as possible. The ForkCoin is awarded every few seconds of the creation of the block with consideration of Ranking Algorithm score and rank descending with time.