The Crypto Prophecies (TCP) BurningDrop — Staking Round Rules
KUCOIN
Related type: Others
2021-04-26 17:32
Dear Pool-X Users,
Regarding The Crypto Prophecies (TCP) BurningDrop, users can choose different staking products to stake corresponding quantities of USDT/KCS/ETH, where TCP rewards will be distributed according to the Distribution Coefficient related to the staking amount.
The Staking Round rules are as follows (The total amount of TCP is 1,000,000):
1. During the Subscription Period, users can lock their assets (USDT/KCS/ETH) into 3 different staking products;
2. After the closure of the Subscription Period, users can calculate the “Initial Allocation” of TCP according to the overall staking amount in the pool;
3. Stepping into the Acceleration Period, users will get an “Accelerating Coefficient” by burning DAO, based on which “Final Allocation” of TCP will be calculated;
4. After the Acceleration Period, users will get the actual amount of TCP rewards according to the distribution rules, which will be calculated by a certain algorithm of the “Initial Allocation”, “Accelerating Coefficient” and “Final Allocation”.
Staking Products USDT-FOR-TCP-20D KCS-FOR-TCP-20D ETH-FOR-TCP-20DTCP
Distribution
Coefficient11.31.6 Hard Cap of
Whole Platform1,000,000 USDT90,000 KCS 450 ETHHard Cap
of Single User3,500 USDT350 KCS1.6 ETH
Subscription Period: 2021/04/26 10:00:00 - 2021/04/27 10:00:00
Burning Acceleration Period: 2021/04/27 14:00:00 - 2021/04/28 14:00:00
Staking Period: 2021/04/28 16:00:00 - 2021/05/18 15:59:59
TCP Distribution Rules: All TCP rewards will be distributed to users’ Pool-X account on April 29, 2021.
Calculation Method:
1. Corresponding to the staking amount,
User’s Initial Allocation = ∑(Individual staking amount of the chosen Staking Product certain Distribution Coefficient the price of staked assets in USDT at the end of the Subscription Period)
e.g. Alice staked 3,000 USDT in the USDT-FOR-TCP-20D section and 0.02 ETH in the ETH-FOR-TCP-20D section. Assume that the price of ETH at the end of the Subscription Period is 2,000 USDT. Thus, Alice’s Initial Allocation will be:
1 3,000 1 + 0.02 2 2,000 = 3,080
2. Starting from 2021/04/27 14:00:00 - 2021/04/28 14:00:00 (UTC), the event enters into the Acceleration Period, where users can increase their Initial Allocation by burning DAO. The burning rules are as follows:
- User Initial Allocation = F
- Accelerating Coefficient by burning DAO = V
- User Final Allocation after burning DAO = F’
- F’ = (V+1) F
- V = 0.18452 arctan (2000 ε - 2.08) + 0.207166085
- ε = Amount of the DAO user burns / F
After taking the Accelerating Coefficient into account,
User Final Allocation of TCP = Total Amount of TCP / Overall Final Allocation F’
3. After the Burning Acceleration Period ends, the staking period will start. All TCP rewards will be distributed to users’ Pool-X account on April 29, 2021.
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 the KuCoin Global Communities >>>