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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