Bware (INFRA) Is Available on BurningDrop
23/05/2023 18:01:36
Bware Labs (INFRA) will be available on BurningDrop from 10:00:00 on May 24, 2023 (UTC). KCS pool will be opened during the Subscription Period for all users to subscribe. In addition, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more INFRA airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 10:00:00 on May 24, 2023 to 18:00:00 on May 24, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on May 24, 2023 to 02:00:00 on May 25, 2023 (UTC)
- Staking Period: 02:00:00 on May 25, 2023 to 01:59:59 on June 14, 2023 (UTC)
Products Details:
| Staking Product | KCS-FOR-INFRA-20D |
| INFRA Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 336,000 KCS |
| Hard Cap of Single User | 350 KCS |
Rewards Distribution:
- Total INFRA AirDrop: 200,000 INFRA
- Rewards Distribution: 20% of the INFRA rewards will be distributed before INFRA trading starts in the KuCoin Spot Market. The other 20% of the INFRA rewards will be distributed in the second month, while the remaining 60% will be distributed in 30% batches every month from the 2nd distribution.
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-INFRA-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 INFRA = (F’ / Overall Final Allocation) * Total AirDrop of INFRA
Website: https://bwarelabs.com
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. 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.
4. 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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