DearKuCoinUsers,
FreshCutDiamond(FCD)willbeavailableonBurningDropfrom12:00:00onMay10,2022(UTC).UserscanmineFCDbystakingUSDT/KCS/ETHassets.DuringtheBurningAccelerationPeriod,userswhohavealreadystakedcanenjoymoreFCDrewardsbyburningPOL.(AlltimesforthisannouncementrefertotheUTCtimezone)
ParticipationWays:Web/App
ProductsDetails:
StakingProductsFixedIncomePoolUSDT-FOR-FCD-20DPremiumPoolETH-FOR-FCD-20DDeluxePoolKCS-FOR-FCD-20DFCDDistributionCoefficient11.21.5HardCapofWholePlatform5,000,000USDT1,670ETH332,000KCSHardCapofSingleUser2,000USDT0.8ETH120KCSTimelineandRules:
*SubscriptionPeriod:2022/05/1012:00:00-2022/05/1022:00:00
*BurningAccelerationPeriod:2022/05/1102:00:00-2022/05/1114:00:00
*StakingPeriod:2022/05/1116:00:00-2022/05/3115:59:59
*IssuePrice:1FCD=0.12USDT
*TotalAmountofFCD:2,916,667
*RewardsDistribution:20%oftheFCDrewardswillbedistributedbeforeFCDtradingstartsintheKuCoinSpotMarket.Theremaining80%willbedistributedin20%batchesdailyfor4daysfromthe1stdistribution.
CalculationMethod:
1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)
e.g.Alicestaked50KCSintheKCS-FOR-FCD-20Dsectionand0.1ETHintheETH-FOR-FCD-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
UserFinalRewardsofFCD=(F’/OverallFinalAllocation)*TotalAmountofFCD
IntroductionofProject:FreshCutisaweb3gamingcommunityandcontentecosystembuiltforcreatorsandfans.Theplatformcombinesshort-formgamingvideosandacommunitytoken,FreshCutDiamonds($FCD),toredefinecreator-fanengagementandshowcasetop-levelgamingexperiences.FreshCutoffersinnovativefeaturestorewardcreatorsandfansviacreate-and-earnandengage-and-earnmechanics,unlockingvaluepreviouslycapturedbyweb2platforms.Thecommunitywillalsogainavoiceandinfluenceintheplatformtheycontributeto.FreshCutisbackedbyindustry-leadingVCs,strategics,andoperators,includingGalaxyInteractive,AnimocaBrands,RepublicCrypto,andPolygon.
Notes:
1.PleasenotethatusersfromMainlandChinaarenoteligibletoparticipateinthisevent.
2.AsthenumberofburnedPOLincreases,therewardsofeachPOLburningmaygraduallydecrease.UserscanenterthenumberofburnedPOLontheburningpagetotesttheavailableaccelerationcomputingpower.Pleaseburnrationally.
3.UsersneedtoberegisteredonKuCointojointhisBurningDropactivity.
4.Usersconfirmthatparticipatinginthisactivityisvoluntary,andtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway.
5.ThisactivityisnotrelatedtoAppleInc.
RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.
Thanksforyoursupportandunderstanding!
TheKuCoinTeam
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