SUIP:Suipad (SUIP) Is Available on BurningDrop_GATE

DearKuCoinUsers,

Suipad(SUIP)willbeavailableonBurningDropfrom10:00:00onMay8,2023(UTC).

DuringtheSubscriptionPeriod,KCSandSUIpoolswillbeopenedforalluserstosubscribe.Inaddition,duringtheBurningAccelerationPeriod,userswhohavealreadysubscribedcanchoosetoburnPOL(thenativetokenofKuCoinEarnPlatform)tominemoreSUIPairdrops.

ParticipationWays:Web/App

Timeline:

SubscriptionPeriod:10:00:00onMay8,2023to18:00:00onMay8,2023(UTC)BurningAccelerationPeriod:20:00:00onMay8,2023to02:00:00onMay9,2023(UTC)StakingPeriod:02:00:00onMay9,2023to01:59:59onMay29,2023(UTC)ProductsDetails:

PoolLevelPremiumPoolDeluxePoolStakingProductsKCS-FOR-SUIP-20DSUI-FOR-SUIP-20DSUIPDistributionCoefficient11.2HardCapofWholePlatform105,000KCS760,000SUIHardCapofSingleUser350KCS2,000SUI

RewardsDistribution:

TotalSUIPAllocation:2,000,000RewardsDistribution:20%oftheSUIPrewardswillbedistributedbeforeSUIPtradingstartsintheKuCoinSpotMarket.Theother20%oftheSUIPrewardswillbedistributedinthesecondmonth,whiletheremaining60%willbedistributedin30%batcheseverymonthfromthe2nddistribution.CalculationMethod:

1)User’sInitialAllocationF=∑(IndividualstakingamountofthechosenStakingProduct*certainDistributionCoefficient*thepriceofstakedassetsinUSDTatthestartoftheSubscriptionPeriod)

e.g.Alicestaked50KCSintheKCS-FOR-SUIP-20Dsectionand100SUIintheSUI-FOR-SUIP-20Dsection.AssumethatthepriceofKCSatthestartoftheSubscriptionPeriodis$8,andthepriceofSUIatthestartoftheSubscriptionPeriodis$10.Thus,Alice’sInitialAllocationwillbe:

50*1*8100*1.2*10=1,600

2)AcceleratingCoefficientbyburningPOL,namelyV=0.18452*arctan(20*ε-2.08)0.207166085,whereinε=AmountofthePOLuserburns/F

3)SingleUserFinalAllocationafterburningPOL=F’

4)F’=(V1)F

UserFinalRewardsofSUIP=(F’/OverallFinalAllocation)*TotalAmountofSUIP

Website:https://www.suipad.xyz/

Twitter:https://twitter.com/SuiPadxyz

Notes:

1.AsthenumberofburnedPOLincreases,therewardsofeachPOLburningmaygraduallydecrease.UserscanenterthenumberofburnedPOLontheburningpagetotesttheavailableaccelerationcomputingpower.Pleaseburnrationally.

2.UsersneedtoberegisteredonKuCointojointhisBurningDropactivity.

3.Usersconfirmthatparticipatinginthisactivityisvoluntary,andtheKuCoinGrouphasnotforced,interferedwith,orinfluencedtheuser'sdecisioninanyway.

4.ThisactivityisnotrelatedtoAppleInc.

RiskWarning:Cryptocurrencyinvestmentishighrisk.Itiscarriedout24/7withoutclosing.Pleasepayattentiontoinvestmentrisksbeforetakingpart.KuCoinhasastrictreviewprocessforonlineprojectsbutwillnotassumeanycompensationorotherresponsibilitiesforinvestmentbehaviors.Pleasebeawareofrelatedrisksandbecautiouswheninvesting.

Thanksforyoursupportandunderstanding!

TheKuCoinTeam

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