Script Network (SCPT) is Available on BurningDrop
12/11/2023, 21:00:08
Dear KuCoin Users,
Script Network (SCPT) will be available on BurningDrop from 9:00:00 on December 13, 2023 (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 SCPT airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 9:00:00 on December 13, 2023 to 18:00:00 on December 13, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on December 13, 2023 to 02:00:00 on December 14, 2023 (UTC)
- Staking Period: 02:00:00 on December 14, 2023 to 01:59:59 on January 3, 2024 (UTC)
Products Details:
| Staking Product | KCS-FOR-SCPT-20D |
| SCPT Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 700,000 KCS |
| Hard Cap of Single User | 300 KCS |
Rewards Distribution:
- Total SCPT Allocation: 16,393,443
- Rewards Distribution: 15% of the SCPT rewards will be distributed before SCPT trading starts in the KuCoin Spot Market. The remaining 85% will be distributed in 28.3% batches from the 1st distribution 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-SCPT-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 (2,000 * 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 SCPT = (F’ / Overall Final Allocation) * Total AirDrop of SCPT
What is Script Network?
Script Network is a layer 1 open source live tv platform, protocol and storage network. One of our core products, Script TV, is the first watch-to-earn live TV platform, built to reward users whilst they watch, provide video dStorage and redefine video advertisement for the crypto industry. Users can earn more rewards and enhance their experience through unique GameFi elements on and off chain.
Website: https://script.tv/
Twitter: https://twitter.com/script_network
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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