Playbux (PBUX) is Available on BurningDrop
16/04/2024 17:01:06
Dear KuCoin Users,
Playbux (PBUX) will be available on BurningDrop from 9:00:00 on April 17, 2024 (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 PBUX airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
- Subscription Period: 9:00:00 on April 17, 2024 to 18:00:00 on April 17, 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on April 17, 2024 to 02:00:00 on April 18, 2024 (UTC)
- Staking Period: 02:00:00 on April 18, 2024 to 01:59:59 on May 8, 2024 (UTC)
Products Details:
| Staking Product | KCS-FOR-PBUX-20D |
| PBUX Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 1,760,000 KCS |
| Hard Cap of Single User | 350 KCS |
Rewards Distribution:
- Total PBUX Allocation: 1,333,333
- Rewards Distribution: 25% of the PBUX rewards will be distributed before PBUX trading starts in the KuCoin Spot Market. After a 3-months cliff, the remaining 75% will be distributed in 25% batches every month.
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-PBUX-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 PBUX = (F’ / Overall Final Allocation) * Total AirDrop of PBUX
What is Playbux?
Playbux is the largest entertainment platform on BNB Chain invested by Binance Labs and Visa and many other leading Web3 funds. Playbux offers a variety of services such as movies, gaming, trading, and many other entertainment options in one place. It has already achieved no.1 status for most UAW per day, on-chain transactions per day, and the highest volume of NFT trading on all marketplaces.
Website: https://www.playbux.co
Twitter: https://twitter.com/playbuxco
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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