XCAD Network (XCAD) Is Available on BurningDrop
05/14/2021, 20:00:58
Dear KuCoin Users,
XCAD Network (XCAD) will be available on BurningDrop from 10:00:00 on May 15, 2021 (UTC). Users can mine XCAD by staking USDT/KCS/ZIL assets. During the Burning Acceleration Period, users who have already staked can enjoy more XCAD rewards by burning Dao Maker (DAO). (All times for this announcement refer to the UTC time zone)
Products Details:
| Staking Products | Fixed Income Pool USDT-FOR-XCAD-20D | Premium Pool KCS-FOR-XCAD-20D | Deluxe Pool ZIL-FOR-XCAD-20D |
| XCAD Distribution Coefficient | 1 | 1.5 | 2 |
| Hard Cap of Whole Platform | 1,000,000 USDT | 100,000 KCS | 7,500,000 ZIL |
| Hard Cap of Single User | 1,000 USDT | 77 KCS | 5,000 ZIL |
Timeline and Rules: (Go to BurningDrop)
*Subscription Period: 2021/05/15 10:00:00 - 2021/05/16 10:00:00
*Burning Acceleration Period: 2021/05/16 14:00:00 - 2021/05/17 14:00:00
*Staking Period: 2021/05/17 16:00:00 - 2021/06/06 16:00:00
*Total Amount of XCAD: 1,000,000
*Rewards Distribution: 20% XCAD rewards will be distributed in May, 2021, while the remaining 80% will be distributed in 20% batches every 3 months.
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-XCAD-20D section and 1,000 ZIL in the ZIL-FOR-XCAD-20D section. Assume that the price of KCS at the start of the Subscription Period is 13 USDT, and the price of ZIL at the start of the Subscription Period is 0.2 USDT. Thus, Alice’s Initial Allocation will be:
100 * 1.5 * 13 + 1,000 * 2 * 0.2 =2,350
2) Accelerating Coefficient by burning DAO, namely V = 0.18452 * arctan (1,300 * 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 XCAD = (F’/ Overall Final Allocation) * Total Amount of XCAD
Introduction of Project: XCAD Network is a tokenization and NFT platform for content creators. XCAD Network allows creators to issue their own fan governing tokens (Think Chiliz (CHZ) but for creators) while rewarding their audience directly on YouTube for consuming their content without any changes to their existing workflow. Users can buy or sell creator tokens via the XCAD DEX. They can also check the stats of all creator tokens via Influencer Market Cap.
Project Official Website: https://xcademytoken.com
Notes：
1. As the number of burned DAO increases, the rewards of each DAO burning may gradually decrease. Users can enter the number of burned DAO 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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