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Hord (HORD) BurningDrop — DAO Burning Rules

KUCOIN

Related type: Others

2021-04-20 18:07

Dear Pool-X Users, Hord (HORD) BurningDrop will step into the Burning Acceleration Period at 10:00:00 on April 21, 2021 (UTC). Users who have already successfully staked USDT/ETH/BTC assets can increase the computing power of HORD by burning DAO. After the burning starts, users can check the relative changes of computing power on the Pool-X burning page. (All times for this event refer to the UTC time zone) The rules are as follows: 1. The calculation method during DAO Burning Acceleration Period: 1)User Initial Allocation after staking = F 2)Accelerating Coefficient by burning DAO = V 3)User Final Allocation after burning DAO = F’ 4)F’ = (V+1) F 5)V = 0.18452 arctan (2000 ε - 2.08) + 0.207166085 6)ε = Amount of the DAO user burns/F After taking the Accelerating Coefficient into account, User Final Allocation of HORD = Total Amount of HORD/ Overall Final Allocation F’ 2. After the Burning Acceleration Period ends, the staking period will start. 30% of HORD rewards will be distributed to the Pool-X account for the first time on April 23, 2021, and the remaining will be distributed 10% per month, which will be completed for 7 consecutive months. Web Burning Page App Burning Page Thanks for your support! The Pool-X Team Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join KuCoin Global Communities >>>