Legends of Crypto (LOCG) BurningDrop — DAO Burning Rules
KUCOIN
Related type: Others
2021-04-30 18:06
Dear Pool-X Users,
Legends of Crypto (LOCG) BurningDrop will step into the Burning Acceleration Period at 10:00:00 on May 1, 2021 (UTC). Users who have already successfully staked USDT/ETH/KCS assets can increase the computing power of LOCG 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)Single User Final Allocation after burning DAO = F’
4)F’ = (V+1) F
5)V = 0.18452 arctan (1900 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 LOCG = Total Amount of LOCG/ Overall Final Allocation F’
2. After the Burning Acceleration Period ends, the staking period will start. 33% of LOCG rewards will be distributed to the Pool-X account for the first time on May 3, 2021, 33% will be distributed in the following month, and 34% will be distributed in the third month.
Web Burning Page
App Burning Page
Thanks for your support!
The Pool-X Team