Dora Factory (DORA) Is Available on BurningDrop
Dear KuCoin Users,
Dora Factory (DORA) will be available on BurningDrop from 10:00:00 on June 2, 2021 (UTC). Users can mine DORA by staking USDT/KCS/DORA assets. During the Burning Acceleration Period, users who have already staked can enjoy more DORA rewards by burning POL (All times for this announcement refer to the UTC time zone)
Products Details:
| Staking Products | Fixed-Income Pool USDT-FOR-DORA-20D | Premium Pool DORA-FOR-DORA-20D | Deluxe Pool KCS-FOR-DORA-20D |
| DORA Distribution Coefficient | 1 | 1.2 | 1.5 |
| Hard Cap of Whole Platform | 1,200,000 USDT | 140,000 DORA | 240,000 KCS |
| Hard Cap of Single User | 1,000 USDT | 100 DORA | 160 KCS |
Timeline and Rules: (Go to BurningDrop)
*Subscription Period: 2021/06/02 10:00:00 - 2021/06/03 10:00:00
*Burning Acceleration Period: 2021/06/03 14:00:00 - 2021/06/04 14:00:00
*Staking Period: 2021/06/04 16:00:00 - 2021/06/24 16:00:00
*Total Amount of Distribution: 10,000 DORA
*Rewards Distribution: All DORA rewards will be issued on June 7, 2021
To qualify for the rewards that will be issued on June 7, 2021, participants need to complete the following:
1) Follow @DoraFactory and @DoraHacks on Twitter;
2) Follow https://dorafactory.medium.com/ and https://hidorahacks.medium.com/ on Medium;
3) Follow Dora Factory's official WeChat account (Chinese Users);
4) Join DoraFactory Telegram group and PentaLaunch Telegram group;
5) Like Dora Factory's tweet about DORA BurningDrop on KuCoin and tag at least two friends in the comment section;
6) Visit and learn more about HackerLink and PentaLaunch.
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-DORA-20D section and 500 USDT in the USDT-FOR-DORA-20D section. Assume that the price of KCS at the start of the Subscription Period is 11 USDT. Thus, Alice’s Initial Allocation will be:
50 * 1.5 * 11 + 500 * 1 * 1 =1,325
2) Accelerating Coefficient by burning POL, namely V = 0.18452 * arctan (80 * 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 DORA = (F’/ Overall Final Allocation) * Total Amount of DORA
Introduction of Project: Dora Factory is a programmable, multi-chain DAO-as-a-Service open infrastructure. Crucial schemes like quadratic voting, bonding curve fundraising, all cool features regarding on-chain governance can be built on this infrastructure as pallets by the developers, and they can be rewarded in a SaaS model when DAOs launched on Dora Factory deploy them.
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
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