Dear KuCoin Users,
Nakamoto.games (NAKA) will be available on BurningDrop from 14:00:00 on October 13, 2021 (UTC). Users can mine NAKA by staking USDT/KCS/ETH assets. During the Burning Acceleration Period, users who have already staked can enjoy more NAKA rewards by burning POL. (All times for this announcement refer to the UTC time zone)
Staking ProductsFixed Income Pool
KCS-FOR-NAKA-20DNAKA Distribution Coefficient11.21.5Hard Cap of Whole Platform2,500,000 USDT860 ETH305,000 KCSHard Cap of Single User3,000 USDT1 ETH270 KCS
Timeline and Rules: (Go to BurningDrop)
*Subscription Period: 2021/10/13 14:00:00 – 2021/10/14 02:00:00
*Burning Acceleration Period: 2021/10/14 03:00:00 – 2021/10/14 15:00:00
*Staking Period: 2021/10/14 16:00:00 – 2021/11/03 15:59:59
*Issue Price: 1 NAKA = 0.2 USDT
*Total Amount of NAKA: 1,400,000
*Rewards Distribution: 30% of the NAKA rewards will be distributed before NAKA trading starts in the KuCoin Spot Market. 30% will be distributed after one month from the 1st distribution, 20% will be distributed after two months from the 1st distribution. 20% will be distributed after three months from the 1st distribution.
1) User’s Initial Allocation F = ∑(Individual staking amount of the chosen Staking 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-NAKA-20D section and 0.1 ETH in the ETH-FOR-NAKA-20D section. Assume that the price of KCS at the start of the Subscription Period is 13 USDT, and the price of ETH at the start of the Subscription Period is 3,400 USDT. Thus, Alice’s Initial Allocation will be:
50 * 1.5 * 13 + 0.1 * 1.2 * 3,400 =1,383
2) Accelerating Coefficient by burning POL, namely V = 0.18452 * arctan (60 * ε – 2.08) + 0.207166085, wherein ε = Amount of the POL user burns / F
3) Single User Final Allocation after burning POL = F’
4) F’ = (V+1) F
User Final Allocation of NAKA = (F’/ Overall Final Allocation) * Total Amount of NAKA
Introduction of Project: Nakamoto Games offers gamers worldwide the opportunity to participate in countless blockchain-based games and generate a sustainable and sizable income. Nakamoto Games is building the premier play-to-earn ecosystem where players can earn in endless blockchain-based games and developers can deploy games to a broad user base.
1. Please note that users from Mainland China are no longer eligible to participate in this event.
2. As the number of burned POL increases, the rewards of each POL burning may gradually decrease. Users can enter the number of burned POL on the burning page to test the available acceleration computing power. Please burn rationally.
3. Users need to be registered on KuCoin to join 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.
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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Subscription Period: 2021/10/13 14:00:00 – 2021/10/14 02:00:00Read MoreNews