News

October 7th distribution

 

On February 27, 2015, Public Relations representative Jona Derks discovered a mistake in the amount of FoldingCoin available for future distribution. By delving through the distribution records on Blockscan, Jona found out that on October 7th, 2014, from distribution address 1JbiP68FdKhgeEJataAjezS2DPusHte2nq, an accidental 5,000,000 FLDC was sent instead of the regular 500,000 FLDC.

Due to safeguards put in place by the distribution server, only half a million FLDC were distributed and the remaining 4.5 million coins were simply stuck in the distribution wallet of that day. Robert was quick to correct this mistake and returned the funds to the future distribution address 19xKdggeh1JrBMYZnYjzcoGh5wEvaXQhpA that will start distributing FLDC beginning March 19th, 2015. Due to this error, the actual amount of coins in circulation is not 122,500,000 FLDC , but 118,000,000 FLDC. This will be corrected on CoinMarketCap to reflect the correct market cap.

The issue is now resolved and we will continue being transparent with the community about mishaps like this. We want to make everyone aware that this occurred and has been fixed. Thank you Jona for your dedication in resolving the issue.

Happy folding everyone

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