10/10/2023
Important Announcement: User Asset Liquidation Process and FSL Trading Launch
2023-10-10
Dear SCF Users,
In order to ensure the normal business development of the platform and to comply with relevant regulations in their respective countries, the company has made the difficult decision to permanently withdraw from markets in mainland China, Hong Kong, Macau, Taiwan, Japan, and other regions.
At this special moment, we would like to express our heartfelt appreciation for the continuous support and contributions from users in these countries and regions. Your support and contributions have been invaluable to the growth and prosperity of SCF. While this decision has been challenging for the company, we are committed to providing excellent service and ultimately achieving our goal of being listed on Nasdaq.
In the asset liquidation process, the company will make every effort to ensure the protection of users' rights, regardless of their profit or loss situation. Compensation solutions will be provided.
To facilitate the exit and ensure fairness for users globally, the SCF board of directors has decided to initiate a unified asset liquidation process for all platform users starting from October 9, 2023, at 14:00 PST (Pacific Standard Time).
The detailed asset liquidation process is as follows:
(1) The system will calculate users' liquidation assets based on the current coin prices, including principal for staking and collateral, as well as unclaimed rewards (staking rewards, collateral rewards, direct referral rewards, indirect referral rewards, management rewards, MD+ rewards). You can check your liquidation assets on the App's earnings page.
(2) For users with a positive net deposit, we will issue 2 times the liquidation assets in cash vouchers to your wallet ID. For users with a negative net deposit, we will issue cash vouchers equivalent to the liquidation assets to your wallet ID.
(3) After the issuance of cash vouchers is completed, your staked principal and unclaimed reward data will be reset to zero.
(4) Additionally, we will add 2,200 Fin-Chain chain nodes. Users can use cash vouchers to subscribe to these new Fin-Chain chain nodes. The subscription period will be from October 10, 2023, 00:00 to October 17, 2023, 00:00 PST (Pacific Standard Time).
(5) If you have not used your cash voucher balance to subscribe to Fin-Chain chain nodes by October 16, 2023, 22:00 PST (Pacific Standard Time), the system will automatically assist you in node subscription to ensure the rights of all users.
(6) After the subscription of the new Fin-Chain nodes is completed, users will begin receiving node mining rewards starting from October 18, 2023, 00:00 PST (Pacific Standard Time).
Starting from October 18, 2023, 00:00 PST (Pacific Standard Time), Fin-Chain financial chain nodes will operate according to the following rules:
1. Fin-Chain Node Subscription Explanation:
1) Users can choose to create a dedicated Fin-Chain financial chain node with a 10% quota, which will enter the node candidate list. The remaining 90% quota will be available for all users to subscribe. If a user chooses to create a node with the full quota, it will become an official node immediately, and other users cannot participate in the subscription of that node.
2) There are 2,200 new node quotas available this time, and the node creation fee is 100,000 USDT for a 10% quota and 1,000,000 USDT for a full quota.
3) Users can choose to create and subscribe to nodes using USDT or cash vouchers.
4) Once the node subscription amount is completed, the node candidate will become an official node, and the node creator and all users participating in the subscription will start enjoying corresponding node benefits.
2. Fin-Chain Node Benefits Explanation:
For each block generated on the SCF public blockchain, there will be a reward of 10 SCF. Of these 10 SCF rewards, 9.5 SCF will be distributed evenly among the 12,200 nodes of the Fin-Chain financial chain. In the 9.5 SCF rewards, the Fin-Chain financial chain node creator will receive 20% of the SCF rewards based on their subscription amount, and the remaining rewards will be distributed according to the proportion of subscription amounts by users participating in the Fin-Chain node subscription.
After the completion of user asset liquidation, all functions for users in regions other than mainland China, Hong Kong, Macau, Taiwan, and Japan will be fully restored. Users can withdraw their existing staking mining SCF assets as usual, and they can also use assets such as FUSD, SCF, and more to experience FinSoul games and mine FSL.
FSL is the first ecological token of the SCF public blockchain and serves as the equity certificate of the FinSoul platform. FSL rewards obtained by users in FinSoul games will be distributed to the SCF Main-Chain daily at 00:00 PST (Pacific Standard Time).
FSL will officially be listed on PancakeSwap starting from October 10, 2023, 00:00 PST (Pacific Standard Time), and the FSL/USDT trading pair will be established. The contract address for FSL on the BSC chain is: 0x8923881e8cAe6684C2bB84D69aE88A9bEC.
Furthermore, the company will simultaneously enable the FSL cross-chain flash exchange function. Users can use the App's cross-chain flash exchange function to transfer FSL mined in FinSoul daily to the BSC chain and exchange it for USDT on PancakeSwap.
If you have any questions or need further assistance, please feel free to contact SCF online customer service.
Thank you for your trust and support throughout the journey!
SCF Group
October 9, 2023
