News

Paper wallet and use of crowdsale funds

 

We now have all but 2 weeks worth of undistributed FLDC inside of an offline cold storage wallet. Every 2 weeks we will begin to create a new CP web wallet that we will store 2 weeks worth of FLDC and abandon the old CP wallet. Then we will transfer the remaining undistributed funds to another new offline cold storage wallet.

We also need to use 0.1 BTC raised from the crowdsale towards distribution costs. Each person who receives FLDC everyday cost 0.00006 BTC and we are now doing an average of 75 so it is almost up to 0.005 BTC to distribute a day.

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