Artfi(ARTFI) Available on Kucoin BurningDrop

Artfi (ARTFI) will be available on BurningDrop from 9:00:00 on June 12. 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 ARTFI airdrops.

Participation Ways: Web / App

Timeline:

• Subscription Period: 9:00:00 on June 12. 2024 to 18:00:00 on June 12. 2024 (UTC)
• Burning Acceleration Period: 20:00:00 on June 12. 2024 to 02:00:00 on June 13. 2024 (UTC)
• Staking Period: 02:00:00 on June 13. 2024 to 01:59:59 on July 3. 2024 (UTC)

Rewards Distribution:

• Total ARTFI Allocation: 3.333.333
• The ARTFI rewards distribution will be: 25% of the ARTFI rewards will be distributed before ARTFI trading starts in the KuCoin Spot Market, followed by a 3-month waiting period. After that, the remaining rewards will be distributed monthly over the next 3 months.

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-ARTFI-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 (3.000 * 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 ARTFI = (F' / Overall Final Allocation) * Total AirDrop of ARTFI

What is Artfi?

Artfi is an Art-Technology company on a mission to democratize the $1.7 trillion fine art market.

By harnessing the power of NFTs and blockchain technology, Artfi allows collectors to own a stake in valuable works of art. Artfi is a Web3 solution for fine art collecting.

The company fractionalizes prominent high-value artworks into multiple NFTs which are sold to the public. Collectors who own Artfi NFTs gain access to the exclusive blue chip fine art market and diversify their portfolios – all through the speed, security and comfort of the blockchain.

The tokenization of real world assets will be a defining trend of the next decade and Artfi is at the forefront of this process.

Artfi fractionalizes physical works of blue chip art so that they can be collectively owned by token holders around the world.

Website: https://artfi.world/

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

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