DearKuCoinUsers,
KuCoinisproudtoannouncethatthesecondSUIEcosystemprojectwithBurningDropwillbeavailablefrom10:00:00onMay12,2023(UTC)!
KCSandSUIstakingpoolswillbeopenedduringthesubscriptionperiodforalluserstosubscribe.Inaddition,duringtheBurningAccelerationPeriod,userswhohavealreadysubscribedcanchoosetoburnPOL(thenativetokenofKuCoinEarnPlatform)tominemoreairdropsforthisevent.
Wewilldisclosemoreprojectinformationarounditslisting.
Timeline:
SubscriptionPeriod:10:00:00onMay12,2023to18:00:00onMay12,2023(UTC)BurningAccelerationPeriod:20:00:00onMay12,2023to02:00:00onMay13,2023(UTC)StakingPeriod:02:00:00onMay13,2023to01:59:59onJune2,2023(UTC)ParticipationWays:Web/App(clickheretochecktheTutorial）
ProductsDetails:
StakingProductsKCS-FOR-MysteryToken2SUI-FOR-MysteryToken2AirdropTokenDistributionCoefficient11.2HardCapofWholePlatform200,000KCS1,720,000SUIHardCapofSingleUser350KCS2,000SUI
RewardsDistribution:20%ofthetokenairdroprewardswillbedistributedbeforeitstradingstartsintheKuCoinSpotMarket.The20%ofthetokenairdroprewardswillbedistributedinthesecondmonth,andtheremaining60%willbedistributedin30%batcheseverymonthfromthe2nddistribution.
CalculationMethod:
1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)
e.g.Alicestaked50KCSintheKCSPooland100SUIintheSUIpool.AssumethatthepriceofKCSatthestartoftheSubscriptionPeriodis$8andthepriceofSUIatthestartoftheSubscriptionPeriodis$10.Thus,Alice’sInitialAllocationwillbe:
50*1*8100*1.2*10=1,600
2)AcceleratingCoefficientbyburningPOL,namelyV=0.18452*arctan(20*ε-2.08)0.207166085,whereinε=AmountofthePOLuserburns/F
3)SingleUserFinalAllocationafterburningPOL=F’
4)F’=(V1)F
UserFinalAirdropRewards=(F’/OverallFinalAllocation)*TotalAmountofAirdropAllocation
Notes:
1.AsthenumberofburnedPOLincreases,therewardsofeachPOLburningmaygraduallydecrease.UserscanenterthenumberofburnedPOLontheburningpagetotesttheavailableaccelerationcomputingpower.Pleaseburnrationally;
2.UsersneedtoberegisteredonKuCointojointheBurningDropactivity;
3.UsersneedtoconfirmthatparticipatinginthisactivityisvoluntaryandtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway;
4.ThisactivityisnotrelatedtoAppleInc.
RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.
Thanksforyoursupportandunderstanding!
TheKuCoinTeam
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