OMNIA Protocol(OMNIA) Available on Kucoin BurningDrop

Sonstiges

OMNIA Protocol (OMNIA) will be available on BurningDrop from 9:00:00 on October 11. 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 OMNIA airdrops.

Participation Ways: Web / App

Timeline:

Subscription Period: 9:00:00 on October 11. 2024 to 18:00:00 on October 11. 2024 (UTC)
Burning Acceleration Period: 20:00:00 on October 11. 2024 to 02:00:00 on October 12. 2024 (UTC)
Staking Period: 02:00:00 on October 12. 2024 to 01:59:59 on November 1. 2024 (UTC)

Rewards Distribution:

Total OMNIA Allocation: 285.714
The OMNIA rewards distribution will be: 15% of the OMNIA rewards will be distributed before OMNIA trading starts in the KuCoin Spot Market. The remaining 85% will be distributed in 10.625% batches every month after a 1-month cliff from the first 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-OMNIA-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 OMNIA = (F' / Overall Final Allocation) * Total AirDrop of OMNIA

What is OMNIA Protocol?

OMNIA Protocol is an RPC provider that prioritizes dePIN and aggregation. Through the use of MEV strategies, we enable users and B2C platforms in Web3. including wallets, dApps, and DEXes, to benefit from infrastructure monetization. OMNIA Protocol has your back, protects you from front-running or even scam attempts in real time.

Website: https://omniatech.io

X (Twitter): https://x.com/omnia_protocol

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