DearKuCoinUsers,
LimeWire(LMWR)willbeavailableonBurningDropfrom10:00:00onMay11,2023(UTC).USDT,KCS,andETHpoolswillbeopenedduringthesubscriptionperiodforalluserstosubscribe.Inaddition,duringtheBurningAccelerationPeriod,userswhohavealreadysubscribedcanchoosetoburnPOL(thenativetokenoftheKuCoinEarnplatform)tominemoreLMWRairdrops.
ParticipationWays:Web/App(clickheretochecktheTutorial)
Timeline:
SubscriptionPeriod:10:00:00onMay11,2023to18:00:00onMay11,2023(UTC)BurningAccelerationPeriod:20:00:00onMay11,2023to02:00:00onMay12,2023(UTC)StakingPeriod:02:00:00onMay12,2023to01:59:59onJune1,2023(UTC)ProductsDetails:
PoolLevelRegularPoolPremiumPoolDeluxePoolStakingProductsUSDT-FOR-LMWR-20DETH-FOR-LMWR-20DKCS-FOR-LMWR-20DLMWRDistributionCoefficient11.21.5HardCapofWholePlatform500,000USDT325ETH110,000KCSHardCapofSingleUser2,000USDT1.5ETH350KCS
RewardsDistribution:
TotalLMWRAllocation:500,000RewardsDistribution:10%oftheLMWRrewardswillbedistributedbeforeLMWRtradingstartsintheKuCoinSpotMarket.Theremaining90%willbedistributedin15%batcheseverymonthfromthe1stdistribution.CalculationMethod:
1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)
e.g.,Alicestaked50KCSintheKCS-FOR-LMWR-20Dsectionand0.1ETHintheETH-FOR-LMWR-20Dsection.AssumethatthepriceofKCSatthestartoftheSubscriptionPeriodis13USDT,andthepriceofETHatthestartoftheSubscriptionPeriodis3,400USDT.Thus,Alice’sInitialAllocationwillbe:
50*1.5*130.1*1.2*3,400=1,383
2)AcceleratingCoefficientbyburningPOL,namelyV=0.18452*arctan(20*ε-2.08)0.207166085,whereinε=AmountofthePOLuserburns/F
3)SingleUserFinalAllocationafterburningPOL=F’
4)F’=(V1)F
UserFinalRewardsofLMWR=(F’/OverallFinalAllocation)*TotalAmountofLMWR
Website:https://limewire.com/
Twitter:https://twitter.com/limewire
Notes:
1.AsthenumberofburnedPOLincreases,therewardsofeachPOLburningmaygraduallydecrease.UserscanenterthenumberofburnedPOLontheburningpagetotesttheavailableaccelerationcomputingpower.Pleaseburnrationally.
2.UsersneedtoberegisteredonKuCointojointhisBurningDropactivity.
3.Usersconfirmthatparticipatinginthisactivityisvoluntary,andtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway.
4.ThisactivityisnotrelatedtoAppleInc.
RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.
Thanksforyoursupportandunderstanding!
TheKuCoinTeam
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