Dear KuCoin Users,

　　FreshCut Diamond will be available on BurningDrop from 12:00:00 on May 10, 2022 . Users can mine FCD by staking USDT/KCS/ETH assets. During the Burning Acceleration Period, users who have already staked can enjoy more FCD rewards by burning POL.

　　Participation Ways: Web / App

　　Products Details:Staking ProductsFixed Income Pool

　　USDT-FOR-FCD-20DPremium Pool

　　ETH-FOR-FCD-20DDeluxe Pool

　　KCS-FOR-FCD-20DFCD Distribution Coefficient11.21.5Hard Cap of Whole Platform5,000,000 USDT1,670 ETH332,000 KCSHard Cap of Single User2,000 USDT0.8 ETH120 KCS

　　Timeline and Rules:

　　Subscription Period: 2022/05/10 12:00:00 - 2022/05/10 22:00:00

　　Burning Acceleration Period: 2022/05/11 02:00:00 - 2022/05/11 14:00:00

　　Staking Period: 2022/05/11 16:00:00 - 2022/05/31 15:59:59

　　Issue Price: 1 FCD = 0.12 USDT

　　Total Amount of FCD: 2,916,667

　　Rewards Distribution: 20% of the FCD rewards will be distributed before FCD trading starts in the KuCoin Spot Market. The remaining 80% will be distributed in 20% batches daily for 4 days from the 1st distribution.

　　Calculation Method:

　　1) Users Initial Allocation F = ∑

　　e.g. Alice staked 50 KCS in the KCS-FOR-FCD-20D section and 0.1 ETH in the ETH-FOR-FCD-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 3,400 USDT. Thus, Alices Initial Allocation will be:

　　50 1.5 13 + 0.1 1.2 3,400 =1,383

　　2) Accelerating Coefficient by burning POL, namely V = 0.18452 arctan + 0.207166085, wherein ε = Amount of the POL user burns / F

　　3) Single User Final Allocation after burning POL = F

　　4) F = F

　　User Final Rewards of FCD = Total Amount of FCD

　　Introduction of Project: FreshCut is a web3 gaming community and content ecosystem built for creators and fans. The platform combines short-form gaming videos and a community token, FreshCut Diamonds , to redefine creator-fan engagement and showcase top-level gaming experiences. FreshCut offers innovative features to reward creators and fans via create-and-earn and engage-and-earn mechanics, unlocking value previously captured by web2 platforms. The community will also gain a voice and influence in the platform they contribute to. FreshCut is backed by industry-leading VCs, strategics, and operators, including Galaxy Interactive, Animoca Brands, Republic Crypto, and Polygon.

　　Notes:

　　1. Please note that users from Mainland China are not eligible to participate in this event.

　　2. As the number of burned POL increases, the rewards of each POL burning may gradually decrease. Users can enter the number of burned POL on the burning page to test the available acceleration computing power. Please burn rationally.

　　3. Users need to be registered on KuCoin to join this BurningDrop activity.

　　4. 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.

　　5. This activity is not related to Apple Inc.

　　Risk Warning: Cryptocurrency investment is high risk. It is carried out 24/7 without closing. Please pay attention to investment risks before taking part. KuCoin has 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 KuCoin Team

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