Dear Pool-X Users, LaunchX (LNCHX) will be available on Pool-X BurningDrop from 10:00:00 on May 12, 2021 (UTC). In this campaign, the total distribution of LNCHX tokens is 400,000. Users can mine LNCHX by staking USDT/KCS/ETH assets. During the Burning Acceleration Period, users who have already staked can enjoy more LNCHX rewards by burning Dao Maker(DAO). The details are as follows. (All times for this announcement refer to the UTC time zone) Products Details:Staking ProductsFixed-Income Pool USDT-FOR-LNCHX-20DPremium Pool ETH-FOR-LNCHX-20DDeluxe Pool KCS-FOR-LNCHX-20DLNCHX Distribution Coefficient11.21.5Hard Cap of Whole Platform500,000 USDT230 ETH70,000 KCSHard Cap of Single User1,500 USDT0.5 ETH125 KCS Timeline and Rules : (Go to BurningDrop) Subscription Period: 2021/05/12 10:00:00 - 2021/05/13 10:00:00 Burning Acceleration Period: 2021/05/13 14:00:00 - 2021/05/14 14:00:00 Staking Period: 2021/05/14 16:00:00 - 2021/06/03 15:59:59 Total Amount of LNCHX: 400,000 LNCHX Distribution Rules: 40% will be distributed on May 17, 2021, 30% will be distributed after 3 months from the 1st distribution and 30% will be distributed after 6 months from the 1st distribution. Calculation Method: 1）User’s Initial Allocation F = ∑(Individual staking amount of the chosen Staking Product certain Distribution Coefficient the price of staked assets in USDT at the start of the Subscription Period) e.g. Alice staked 100 KCS in the KCS-FOR-LNCHX-20D section and 0.5 ETH in the ETH-FOR-LNCHX-20D section. Assume that the price of KCS at the start of the Subscription Period is 13 USDT, and the price of ETH at the start of the Subscription Period is 4,000 USDT. Thus, Alice’s Initial Allocation will be: 100 1.5 13 + 0.5 1.2 4,000 =4,350 2）Accelerating Coefficient by burning DAO, namely V = 0.18452 arctan (1500 ε - 2.08) + 0.207166085, wherein ε = Amount of the DAO user burns / F 3）Single User Final Allocation after burning DAO = F’ 4）F’ = (V+1) F User Final Allocation of LNCHX = (F’/ Overall Final Allocation) Total Amount of LNCHX Introduction of LaunchX: LaunchX is a cross-chain, B2B ecosystem that gives startups the flexibility to raise capital in a decentralized manner across multiple blockchains. LaunchX Official Website: https://launchx.finance Participate via Web Participate via App Notes： 1. Users need to be registered on KuCoin or Pool-X to join this BurningDrop activity. 2. Users confirm that participating in this activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way. Risk Warning: Cryptocurrency investment is in high risk. It is carried out 24/7 without closing. Please pay attention to investment risks. Pool-X will have a strict review process for online projects, but will not assume any compensation or other responsibilities for investment behaviors. Please be aware of related risks and be cautious when investing. Thanks for your support and understanding! 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 >>>