‪We have received some amazing feedback from the community over the weekend in regards to the Recoup generation. With help from our community, we have decided to ‬stick with the original unbinding model. The original unbinding rate will take about 50 months to complete. We are working to get the smart contract deployed this week so that you can start claiming your Recoupit. You can read more about Recoupit and its functionality below.

Recoup will be distributed once per month. The amount distributed will be 20,000,000. Holders of COUP will receive Recoup based upon their % ownership of the total supply of COUP. For example, if I own 1% of all of the Coup tokens, I will receive 200,000 RECOUP on the initial distribution. If I continued to own 1% of the COUP, I would receive 200,000 RECOUP per month.

The total supply of RECOUP will grow each month. After the initial month, the total supply of RECOUP will be 20,000,000. After the second run of the RECOUP distribution, the total supply will be 40,000,000,

The RECOUP will stop being generated once the total supply is equal to 1,000,000,000. This should be after 50 months.

Technical details on the RECOUP:

The RECOUP distribution process is broken into 5 tasks

1st task — Rolls through all of the transactions of COUP on the NEO blockchain. We create wallet records for each public key address involved in a COUP transaction

2nd task — Queries the current “balance” of COUP on NEO.

3rd task — Calculate how many RECOUP tokens each wallet will receive for this distribution cycle.

4th task — Distribute the RECOUP to the appropriate wallets.

5th Task — Verification process that queries each transaction_id to confirm that the correct amount was distributed.

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