A3S Protocol (AA) is Available on BurningDrop
18/12/2023 17:08:34
Dear KuCoin Users,
A3S Protocol (AA) will be available on BurningDrop from 9:00:00 on December 19, 2023 (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 AA airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 9:00:00 on December 19, 2023 to 18:00:00 on December 19, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on December 19, 2023 to 02:00:00 on December 20, 2023 (UTC)
- Staking Period: 02:00:00 on December 20, 2023 to 01:59:59 on January 9, 2024 (UTC)
Products Details:
| Staking Product | KCS-FOR-AA-20D |
| AA Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 1,100,000 KCS |
| Hard Cap of Single User | 300 KCS |
Rewards Distribution:
- Total AA Allocation: 1,500,000
- Rewards Distribution: 50% of the AA rewards will be distributed before AA trading starts in the KuCoin Spot Market. The remaining 50% will be fully distributed after 2 months 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-AA-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 AA = (F’ / Overall Final Allocation) * Total AirDrop of AA
What is A3S Protocol?
A3S Protocol is an Interaction Abstraction (IA) layer that aims to democratize a simplified and smart interaction paradigm for all users. It leverages Smart NFTs to enable liquidity and composability of Smart Contracts, paving the way for an open market that fosters an Intent Abstraction future.
Website: https://www.a3sprotocol.xyz/
Twitter: https://twitter.com/A3SProtocol
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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