AtlasNavi(NAVI)willbeavailableonBurningDropfrom10:00:00onNovember21,2022(UTC).UserscanmineNAVIbystakingUSDT/KCS/ETHassets.DuringtheBurningAccelerationPeriod,userswhohavealreadystakedcanenjoymoreNAVIrewardsbyburningPOL.(AlltimesforthisannouncementrefertotheUTCtimezone)
ParticipationWays:Web/App
ProductsDetails:
StakingProductsFixedIncomePoolUSDT-FOR-NAVI-20DPremiumPoolETH-FOR-NAVI-20DDeluxePoolKCS-FOR-NAVI-20DNAVIDistributionCoefficient11.21.5HardCapofWholePlatform600,000USDT555ETH103,000KCSHardCapofSingleUser1,800USDT1.5ETH250KCS
TimelineandRules:
*SubscriptionPeriod:2022/11/2110:00:00-2022/11/2122:00:00
*BurningAccelerationPeriod:2022/11/2202:00:00-2022/11/2214:00:00
*StakingPeriod:2022/11/2216:00:00-2022/12/1215:59:59
*IssuePrice:1NAVI=0.0825USDT
*TotalAmountofNAVI:2,000,000
*RewardsDistribution:10%oftheNAVIrewardswillbedistributedbeforeNAVItradingstartsintheKuCoinSpotMarket.Theremaining90%willbedistributedin15%batcheseverymonthfromthe1stdistribution.
CalculationMethod:
1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)
e.g.,Alicestaked50KCSintheKCS-FOR-NAVI-20Dsectionand0.1ETHintheETH-FOR-NAVI-20Dsection.AssumethatthepriceofKCSatthestartoftheSubscriptionPeriodis13USDT,andthepriceofETHatthestartoftheSubscriptionPeriodis3,400USDT.Thus,Alice’sInitialAllocationwillbe:
50*1.5*130.1*1.2*3,400=1,383
2)AcceleratingCoefficientbyburningPOL,namelyV=0.18452*arctan(20*ε-2.08)0.207166085,whereinε=AmountofthePOLuserburns/F
3)SingleUserFinalAllocationafterburningPOL=F’
4)F’=(V1)F
UserFinalRewardsofNAVI=(F’/OverallFinalAllocation)*TotalAmountofNAVI
IntroductionofProject:AtlasNaviisanavigationappusingAIandthesmartphonecamerastoavoidtrafficbydetectingroadconditions,accidents,police,availableparkingandmore.
Notes:
1.PleasenotethatusersfromMainlandChinaarenoteligibletoparticipateinthisevent.
2.AsthenumberofburnedPOLincreases,therewardsofeachPOLburningmaygraduallydecrease.UserscanenterthenumberofburnedPOLontheburningpagetotesttheavailableaccelerationcomputingpower.Pleaseburnrationally.
3.UsersneedtoberegisteredonKuCointojointhisBurningDropactivity.
4.Usersconfirmthatparticipatinginthisactivityisvoluntary,andtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway.
5.ThisactivityisnotrelatedtoAppleInc.
RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.
Thanksforyoursupportandunderstanding!
TheKuCoinTeam
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