NexGami (NEXG) is Available on BurningDrop
05/24/2024, 17:00:13
Dear KuCoin Users,
NexGami (NEXG) will be available on BurningDrop from 9:00:00 on May 27, 2024 (UTC). KCS pool will be opened during the subscription period for all users to subscribe. Additionally, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more NEXG airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 9:00:00 on May 27, 2024 to 18:00:00 on May 27, 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on May 27, 2024 to 02:00:00 on May 28, 2024 (UTC)
- Staking Period: 02:00:00 on May 28, 2024 to 01:59:59 on June 17, 2024 (UTC)
Products Details:
| Staking Product | KCS-FOR-NEXG-20D |
| NEXG Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 340,000 KCS |
| Hard Cap of Single User | 300 KCS |
Rewards Distribution:
- Total NEXG Allocation: 3,000,000
- Rewards Distribution: 20% of the NEXG rewards will be distributed before NEXG trading starts in the KuCoin Spot Market. After 1 month, the remaining 80% will be distributed in 20% batches every month.
Calculation Method:
1) User’s Initial Allocation F = Individual staking amount of the 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-NEXG-20D section. Assume that the price of KCS at the start of the subscription period is $8. Thus, Alice’s Initial Allocation will be:
50 * 1 * 8 = 400
2) Accelerating Coefficient by burning KCS, namely V = 0.18452 * arctan (3,000 * ε - 2.08) + 0.207166085, wherein ε = Amount of the KCS user burns / F
3) Single User Final Allocation after burning KCS = F’
4) F’ = (V+1) F
User Final Rewards of NEXG = (F’ / Overall Final Allocation) * Total AirDrop of NEXG
What is NexGami?
NexGami is a community-driven Web3 gaming platform, dedicated to bridging the gap between traditional gaming and the Web3 ecosystem, with a mission to revolutionize the traditional game publishing market. Our offering is akin to the Web3 realm's "Steam+Twitch," yet our services extend further to include robust game project incubation. Every game incubated through our platform receives comprehensive Web3 services ranging from financing to token issuance, IDOs, CEX listings, and market making strategies.
Website: https://www.nexgami.com/#Home
X (Twitter): https://twitter.com/nexgami
Notes:
1. As the number of burned KCS increases, the rewards of each KCS burning may gradually decrease. Users can enter the number of burned KCS on the burning page to test the available acceleration computing power. Please burn rationally.
2. The subscribed KCS tokens will be locked for 20 days.
3. Users must be registered and KYC verified on KuCoin to participate in 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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