Ponder (PNDR) is Available on BurningDrop

11/14/2024, 17:08:01

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Dear KuCoin Users,

Ponder (PNDR) will be available on BurningDrop from 9:00:00 on November 15, 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 PNDR airdrops.

Participation Ways: Web / App (click here to check the Tutorial)

Timeline:

  1. Subscription Period: 9:00:00 on  November 15, 2024 to 18:00:00 on November 15, 2024 (UTC)

  2. Burning Acceleration Period: 20:00:00 on November 15, 2024 to 02:00:00 on  November 16, 2024 (UTC)

  3. Staking Period: 02:00:00 on November 16, 2024 to 01:59:59 on December 6, 2024 (UTC)

Products Details:

Staking Product

KCS-FOR-PNDR-20D

PNDR Distribution Coefficient

1

Hard Cap of Whole Platform

750,000 KCS

Hard Cap of Single User

300 KCS

Rewards Distribution:

  1. Total PNDR Allocation: 2,000,000

  2. The PNDR rewards distribution will be: 30% of the PNDR rewards will be distributed before PNDR trading starts in the KuCoin Spot Market. The remaining rewards will be distributed monthly over the next 2 months at a rate of 35% each 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-PNDR-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 PNDR = (F’ / Overall Final Allocation) * Total AirDrop of PNDR

What is Ponder?

Ponder is the ultimate AI-powered Web3 comparison platform. It enables users to compare and execute a wide range of Web3 services, including EigenLayer restaking, swaps, bridges, NFTs and various DeFi opportunities, all within a single intuitive interface.

Website: https://ponder.one/

X (Twitter): https://x.com/Ponder_one

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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