The Crypto Prophecies (TCP) BurningDrop — Staking Round Rules

Dear Pool-X Users,

Regarding The Crypto Prophecies (TCP) BurningDrop, users can choose different staking products to stake corresponding quantities of USDT/KCS/ETH, where TCP rewards will be distributed according to the Distribution Coefficient related to the staking amount.

The Staking Round rules are as follows (The total amount of TCP is 1,000,000):

1. During the Subscription Period, users can lock their assets (USDT/KCS/ETH) into 3 different staking products;

2. After the closure of the Subscription Period, users can calculate the “Initial Allocation” of TCP according to the overall staking amount in the pool;

3. Stepping into the Acceleration Period, users will get an “Accelerating Coefficient” by burning DAO, based on which “Final Allocation” of TCP will be calculated;

4. After the Acceleration Period, users will get the actual amount of TCP rewards according to the distribution rules, which will be calculated by a certain algorithm of the “Initial Allocation”, “Accelerating Coefficient” and “Final Allocation”.

*Subscription Period: 2021/04/26 10:00:00 - 2021/04/27 10:00:00

*Burning Acceleration Period: 2021/04/27 14:00:00 - 2021/04/28 14:00:00

*Staking Period: 2021/04/28 16:00:00 - 2021/05/18 15:59:59

*TCP Distribution Rules: All TCP rewards will be distributed to users’ Pool-X account on April 29, 2021.

Calculation Method:

1. Corresponding to the staking amount,

User’s Initial Allocation = ∑(Individual staking amount of the chosen Staking Product * certain Distribution Coefficient * the price of staked assets in USDT at the end of the Subscription Period)

e.g. Alice staked 3,000 USDT in the USDT-FOR-TCP-20D section and 0.02 ETH in the ETH-FOR-TCP-20D section. Assume that the price of ETH at the end of the Subscription Period is 2,000 USDT. Thus, Alice’s Initial Allocation will be:

1 * 3,000 * 1 + 0.02* 1.6 * 2,000 = 3,064

2. Starting from 2021/04/27 14:00:00 - 2021/04/28 14:00:00 (UTC), the event enters into the Acceleration Period, where users can increase their Initial Allocation by burning DAO. The burning rules are as follows:

• User Initial Allocation = F
• Accelerating Coefficient by burning DAO = V
• User Final Allocation after burning DAO = F’
• F’ = (V+1) F
• V = 0.18452 * arctan (2000 * ε - 2.08) + 0.207166085
• ε = Amount of the DAO user burns / F

After taking the Accelerating Coefficient into account,

User Final Allocation of TCP = Total Amount of TCP / Overall Final Allocation * F’

3. After the Burning Acceleration Period ends, the staking period will start. All TCP rewards will be distributed to users’ Pool-X account on April 29, 2021.

Thanks for your support!

The Pool-X Team

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