Introducing DeepBook (DEEP) on KuCoin GemPool!
14/10/2024 12:17:22
Dear KuCoin Users,
KuCoin is excited to announce another great project DeepBook (DEEP) coming to our GemPool!
Users can stake their KCS and USDT into separate pools to farm DEEP tokens starting at 10:00 on October 14, 2024 (UTC).
Check this GemPool tutorial>>
Listing
KuCoin will list DeepBook (DEEP) at 10:00 on October 14, 2024 (UTC). Check listing announcement here.
GemPool Details (Participate Now)
- Total Supply: 10,000,000,000 DEEP
- GemPool Total Rewards: 20,000,000 DEEP
- Campaign Period: From 10:00 on October 14, 2024 to 10:00 on October 21, 2024 (UTC)
- Staking Terms: KYC verification is a must
- Daily Reward Hard Cap Per User:
- USDT pool: 420,000 DEEP
- KCS pool: 420,000 DEEP
| Supported Pools | Total Rewards (DEEP) | Farming Period (UTC) |
| USDT | 10,000,000 | 2024-10-14 10:00 ~ 2024-10-21 10:00 |
| KCS | 10,000,000 | 2024-10-14 10:00 ~ 2024-10-21 10:00 |
Addtional Bonus
Bonus 1: Complete Quiz to Win Additional 10% Bonus!
During the campaign period, users participating in the GemPool activity and complete the quiz with all correct answers can enjoy an additional bonus of 10%! For more details, please refer to the event page.
Bonus 2: VIP Exclusive! Bonus Up to 20%!
During the campaign period, VIP users participating in the GemPool activity will get a chance to enjoy an exclusive bonus, which varies according to their VIP level!
| VIP Level | Bonus |
| VIP 1 - 4 | 10% |
| VIP 5 - 7 | 15% |
| VIP 8 - 12 | 20% |
Rewards Calculation
- Rewards per user = (user's staked token / total staked token of all eligible participants) × corresponding prize pool.
- Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards.
- Daily rewards will be calculated from the following day (T+1) after staking. User rewards will be updated daily.
About the Project
DeepBook is a next-generation decentralized central limit order book (CLOB) built on Sui. DeepBook leverages Sui's parallel execution, sub-second latency, and low transaction fees to bring a highly performant, laser-fast on-chain exchange.
DeepBook’s order book architecture delivers deep and tight liquidity, enabling frontier price execution for on-chain trading. For liquidity providers, in particular, DeepBook delivers stronger control over price orders than traditional Automatic Market Maker models and thus is better suited for sophisticated liquidity provision. By virtue of being the premier wholesale liquidity venue of Sui DeFi, DeepBook is positioned as foundational liquidity to power broad swathes of financial services in the ecosystem.
Website | X (Twitter) | Discord
Notes:
- Tokens can only be staked in one pool at a time. For example, users cannot stake the same KCS into two different pools at the same time;
- Daily rewards will be calculated from the following day (T+1) after staking. Users can claim the daily rewards at 11AM UTC each day.
- Users will be able to stake before the farming period, however no reward will be generated until the farming period starts;
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately. No reward will be generated after you unstake your tokens;
- Users will be able to manually claim the rewards each day. Tokens staked in each pool and any unclaimed rewards will be automatically credited to the user's Funding Account at the end of each farming period;
- The users from the following countries/areas are not supported in this event: Singapore, Uzbekistan, Mainland China, Hong Kong Special Administrative Region, Thailand, Malaysia, Ontario, Canada, United Kingdom, United States of America, including all US territories;
- The User (whether as an individual or legal entity) is not on any sanction lists of competent authority, including but not limited to the sanction lists of the Republic of Seychelles, the sanction lists of international laws and conventions to which the Republic of Seychelles is a party and other applicable sanction lists;
- In case of any discrepancy between the translated version and the English original version, the English version shall prevail;
- The behavior of maliciously taking rewards will result in the cancellation of rewards. KuCoin reserves the final right to interpret these terms and conditions, including but not limited to the modification, change, or cancellation of the activity, without further notice. Please contact us if you have any questions;
- If users have doubts about the result of the activities, please note the official appeal period for the result of activities is 2 months after the end of the campaign. We will not accept any kind of appeal after this period.
Best regards,
The KuCoin Team
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