POL LockDrop is Coming! Lock Up TRC20-USDT to Get POL!
11/02/2019, 14:32:18
Dear KuCoin Users,
The POL LockDrop campaign will start on November 5, 2019. All users will be able to obtain a reserved share of POL by locking up TRC20-USDT(TRC20-based USDT Tokens) on KuCoin.
Before the POL/USDT pair gets listed on KuCoin, 20% of the reserved POL will be made available for users. The remaining 80% of the reserved POL can be acquired by participating in the business of the Pool-X platform. Also, users can accelerate the release process of reserved POL shares by inviting new users to stake on Pool-X or by participating in Net Buying.
There are a total of 6 rounds of LockDrop activities taking place over 3 weeks, opening on Tuesday and Thursday of each week. Every round, users are given 24 hours to lock up TRC20-USDT on KuCoin and will be able to receive corresponding POL shares according to the lock-up amount and maturity period.
Participation Qualification: Users who have a registered KuCoin account
Total Allocation: 20,000,000 POL (Rewards Included)
Token Supported：TRC20-USDT
How to Participate：
1. Users can select the maturity period and receive the corresponding deposit wallet address of TRC20-USDT on the LockDrop Activity Page of Pool-X.
2. Users can then withdraw TRC20-USDT to the specific wallet address (acquired from the previous step) via the withdrawal page on KuCoin.
*If the withdrawal is successful, it means that you’ve successfully participated in the LockDrop activity.
Maturity Period：There are 4 options for users to lock up - 1 week, 2 weeks, 3 weeks and 4 weeks
LockDrop Limit：
The minimum amount to lock up for each time: 500 TRC20-USDT
The minimum amount to lock up per person per round: 500 TRC20-USDT
The maximum amount to lock up per person per round: 2,000 TRC20-USDT
Users can check the progress of the hard cap of the whole platform for each round through the LockDrop Activity Page or the table below.
| Round | LockDrop Effective Period (UTC+8) | Hard Cap per Round （Unit：TRC20-USDT） | |
| 1 | 11/05 Tue 22:00:00 - 11/06 Wed 21:59:59 | 300,000 | |
| 2 | 11/07 Thu 22:00:00 - 11/08 Fri 21:59:59 | 400,000 | |
| 3 | 11/12 Tue 22:00:00 - 11/13 Wed 21:59:59 | 500,000 | |
| 4 | 11/14 Thu 22:00:00 - 11/15 Fri 21:59:59 | 500,000 | |
| 5 | 11/19 Tue 22:00:00 - 11/20 Wed 21:59:59 | 600,000 | |
| 6 | 11/21 Thu 22:00:00 - 11/22 Fri 21:59:59 | 700,000 | |
Unlock Rule: Users are not allowed to unlock TRC20-USDT in advance.
Return Time: After the lock-up period expires, TRC20-USDT for the LockDrop will be returned to the original address.
Allocation and Distribution: Please check the Allocation and Distribution Rules for POL.
Hints
1. Users need to be registered on KuCoin to join this LockDrop activity;
2. We will not allow users to use the API function for this activity;
3. You will not receive the daily bonus or extra rewards during LockDrop periods;
4. There is no withdrawal fee when you withdraw your TRC20-USDT to the wallet address;
5. The final interpretation of this activity belongs to the KuCoin group.
Risk warning: POL LockDrop is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin group reserves the right of final interpretation of the activity.
Thank you for your support and understanding!
The Pool-X Team