Profit distribution conditions update

Funcoin.io would love to inform you that from today, February 1 the dividends payment terms will change*.

Now Casino Profit Distribution will be sent on a monthly basis on the 2nd day of each month. Revenue is going to be calculated from 1st date of the corresponding month until 1st date of the next month.

Having analysed the current situation, we came to conclusion that it would be the most correct way to calculate and distribute the profit.

In case of the negative revenue on the 2nd date as before, no dividends are paid but your FUNCs still stay on the casino account in the same amount.

As before, in case of a negative revenue, counting period starts from the last distribution day and the negative balance is also summed up to a new month sum.

*For example:

Fun-Casino revenue from Feb 1 until March 1 is minus 1 BTC. On the 2nd of March (a distribution day) no dividends are paid since the revenue is negative. It means that a new counting period starts still from Feb 1 until April 1 already. In case in April the revenue is negative again (-2 BTC) we still continue to count from Feb 1. So February and March casino revenue is -3 BTC in total and no dividends are paid.

In case April revenue in positive one (3 BTC), dividends are paid on April 2nd and their sum are equal to (3 – 1 = 2 BTC). Since this time we start count new revenue from the next month, eg. (April 1 – May 1).*

*Note: For this Friday February, 3 the old profit distribution procedure (counted since January 27) is still valid. So in case of the positive revenue your dividends will be sent to your OpenLedger account.