Meta Merge Mana (MMM) Is Available on BurningDrop
20/06/2023 18:02:18
Meta Merge Mana (MMM) will be available on BurningDrop from 10:00:00 on June 21, 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 (the native token of the KuCoin Earn platform) to mine more MMM airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 10:00:00 on June 21, 2023 to 18:00:00 on June 21, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on June 21, 2023 to 02:00:00 on June 22, 2023 (UTC)
- Staking Period: 02:00:00 on June 22, 2023 to 01:59:59 on July 12, 2023 (UTC)
Products Details:
| Staking Product | KCS-FOR-MMM-20D |
| MMM Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 1,300,000 KCS |
| Hard Cap of Single User | 350 KCS |
Rewards Distribution:
- Total MMM Allocation: 200,000,000
- Rewards Distribution: 30% of the MMM rewards will be distributed before MMM trading starts in the KuCoin Spot Market. The remaining 70% will be distributed in 35% batches every month from the 1st 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-MMM-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 MMM = (F’ / Overall Final Allocation) * Total AirDrop of MMM
Website: https://www.metamerge.xyz/
Twitter: https://twitter.com/MetaMerge_xyz
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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