Dear KuCoin Users, Paribus (PBX) will be available on BurningDrop from 10:00:00 on September 7, 2021 (UTC). Users can mine PBX by staking USDT/KCS/ETH assets. During the Burning Acceleration Period, users who have already staked can enjoy more PBX rewards by burning POL. (All times for this announcement refer to the UTC time zone) Participation Ways: Web / App Products Details:Staking ProductsFixed Income Pool USDT-FOR-PBX-20DPremium Pool ETH-FOR-PBX-20DDeluxe Pool KCS-FOR-PBX-20DPBX Distribution Coefficient11.21.5Hard Cap of Whole Platform700,000 USDT204 ETH64,300 KCSHard Cap of Single User1,500 USDT0.5 ETH120 KCS Timeline and Rules: (Go to BurningDrop) Subscription Period: 2021/09/07 10:00:00 - 2021/09/07 22:00:00 Burning Acceleration Period: 2021/09/08 02:00:00 - 2021/09/08 14:00:00 Staking Period: 2021/09/08 16:00:00 - 2021/09/28 15:59:59 Issue Price: 1 PBX = 0.0003 USDT Total Amount of PBX: 166,666,666 Rewards Distribution: 10% of the PBX rewards will be distributed before PBX trading starts in the KuCoin Spot Market. The remaining will be distributed at 18% per month. 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 50 KCS in the KCS-FOR-PBX-20D section and 0.1 ETH in the ETH-FOR-PBX-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, Alice’s 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 (60 ε - 2.08) + 0.207166085, wherein ε = Amount of the POL user burns / F 3) Single User Final Allocation after burning POL = F’ 4) F’ = (V+1) F User Final Allocation of PBX = (F’/ Overall Final Allocation) Total Amount of PBX Introduction of Project: Paribus is the first of its kind cross-chain lending/borrowing platform on Cardano. Using the first of its kind dynamic interest rate algorithms, Paribus will unlock liquidity across chains through a range of crypto assets such as NFTs, synthetics, virtual land, and liquidity positions. If an asset can be verified, it has market value and can be sold. While decentralized financial applications have reshaped the investment sector, alternative assets such as NFTs have not been optimally leveraged by existing DeFi protocols. Paribus aims to change this and redefine the value of these previously challenging assets, offering layered leverage across protocols and increasing the earning power of DeFi investors on any chain. Notes: 1. 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. 2. Users need to be registered on KuCoin to join this BurningDrop activity. 3. 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 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 Find The Next Crypto Gem On KuCoin! Sign up on KuCoin now! >>> Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>