NGP:FreshCut Diamond (FCD) Is Available on BurningDrop_AND

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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