Paysenger (EGO) Is Available on BurningDrop
02/07/2023 19:38:37
Paysenger (EGO) will be available on BurningDrop at 10:00:00 on July 3, 2023 (UTC). The KCS pool will be opened during the subscription period for all users to subscribe. In addition, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more EGO rewards.
Participation Ways: Web / App (click here to check the Tutorial)
Timeline:
- Subscription Period: 10:00:00 on July 3, 2023 to 18:00:00 on July 3, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on July 3, 2023 to 2:00:00 on July 4, 2023 (UTC)
- Staking Period: 2:00:00 on July 4, 2023 to 1:59:59 on July 24, 2023 (UTC)
Products Details:
| Staking Product | KCS-FOR-EGO-20D |
| EGO Distribution Coefficient | 1 |
| Hard Cap of Whole Platform | 320,000 KCS |
| Hard Cap of Single User | 350 KCS |
Rewards Distribution:
- Total EGO Rewards:1,666,666 EGO
- Rewards Distribution: 10% of the EGO rewards will be distributed before EGO trading starts in the KuCoin Spot Market. The other 90% of the EGO rewards will be distributed in 15% batches every month 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-EGO-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 (2,000 * 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 EGO = (F’ / Overall Final Allocation) * Total Rewards of EGO
Website: https://paysenger.com/
Paysenger is an innovative collaboration platform that unites content creators, fans, and brands, offering cutting-edge tools for monetization and audience engagement. By fostering deeper audience involvement, the platform empowers creators to maximize their earnings. Paysenger leverages advanced technology, including proprietary AI developed in collaboration with Dr. Tamay Aykut, a visiting professor at Stanford University.
Developed in partnership with Polygon and BNB chain, accelerated by the Consensys, Paysenger has garnered support from industry leaders, receiving grants from Google and Amazon. Paysenger also claimed first place at the Other Edge (NFT LA) Hackathon, further solidifying its position as a game-changing platform.
Paysenger.com has now passed the 500,000 active user mark and is aiming for one million!
Know More on YouTube: https://www.youtube.com/watch?v=fCgNDnExT9s&t=79s
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. Users need to be registered on KuCoin to join this BurningDrop activity.
3. 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.
4. 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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