NATIX Network (NATIX) is Available on BurningDrop
24/06/2024 17:00:13
Dear KuCoin Users,
NATIX Network (NATIX) will be available on BurningDrop from 9:00:00 on June 25, 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 NATIX airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
Timeline:
- Subscription Period: 9:00:00 on June 25, 2024 to 18:00:00 on June 25, 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on June 25, 2024 to 02:00:00 on June 26, 2024 (UTC)
- Staking Period: 02:00:00 on June 26, 2024 to 01:59:59 on July 16, 2024 (UTC)
Products Details:
| Staking Product | KCS-FOR-NATIX-20D |
| NATIX Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 500,000 KCS |
| Hard Cap of Single User | 300 KCS |
Rewards Distribution:
- Total NATIX Allocation: 200,000,000
- The NATIX rewards distribution will be: 25% of the NATIX rewards will be distributed before NATIX trading starts in the KuCoin Spot Market. The remaining rewards will be distributed monthly over the next 6 months at a rate of 12.5% each 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-NATIX-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 NATIX = (F’ / Overall Final Allocation) * Total AirDrop of NATIX
What is NATIX Network?
NATIX Network is building an open geospatial Intelligence network using their proprietary AI and Internet of Cameras. The existing geospatial data solutions suffer from limited data types, low update frequency, high costs to gather data, and even higher prices charged to business customers. NATIX uses driver assistant apps (e.g. dashcam and navigation), token incentives, Computer Vision AI, and smartphone cameras to crowdsource real-time data and create a digital twin of our world. The network enables a new era of real-time applications ranging from autonomous driving to smart city services. With over 115k registered drivers and over 40M km covered in only a year, NATIX is one of the fastest-growing DEPIN projects globally (according to Messari’s state of DePIN report).
Website: www.natix.network
X (Twitter): https://twitter.com/NATIXNetwork
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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