DearKuCoinUsers,
ThefirstSUIEcosystemprojectwithBurningDropwillbeavailablefrom10:00:00onMay6,2023(UTC)!
Duringthesubscriptionperiod,KCSandSUIstakingpoolswillbeopenedforalluserstosubscribe.DuringtheBurningAccelerationPeriod,userswhohavealreadysubscribedcanchoosetoburnPOL(thenativetokenofKuCoinEarnPlatform)tominemoreairdropsforthisevent.
WewilldisclosemoredetailedprojectinformationarounditslistingonKuCoin.
Timeline:
SubscriptionPeriod:10:00:00onMay6,2023to18:00:00onMay6,2023(UTC)BurningAccelerationPeriod:20:00:00onMay6,2023to02:00:00onMay7,2023(UTC)StakingPeriod:02:00:00onMay7,2023to01:59:59onMay27,2023(UTC)ParticipationWays:Web/App
ProductsDetails:
StakingProductsPremium-KCS-PoolDeluxe-SUI-PoolAirdropTokenDistributionCoefficient11.2HardCapofWholePlatform187,500KCS1,400,000SUIHardCapofSingleUser350KCS2,000SUI
RewardsDistribution:20%ofthetokenairdroprewardswillbedistributedbeforeitstradingstartsintheKuCoinSpotMarket.The20%ofthetokenairdroprewardswillbedistributedinthesecondmonth,andtheremaining60%willbedistributedin30%batcheseverymonthfromthe2nddistribution.
CalculationMethod:
1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)
e.g.Alicestaked50KCSintheKCSPooland100SUIintheSUIpool.AssumethatthepriceofKCSatthestartoftheSubscriptionPeriodis$8,andthepriceofSUIatthestartoftheSubscriptionPeriodis$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.Usersneedtoconfirmthatparticipatinginthisactivityisvoluntary,andtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway;
4.ThisactivityisnotrelatedtoAppleInc.
RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.
Thanksforyoursupportandunderstanding!
TheKuCoinTeam
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