Game Tournament Trophy(GTT) Available on Kucoin BurningDrop

Game Tournament Trophy (GTT) will be available on BurningDrop from 10:00:00 on December 12, 2023 (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 GTT airdrops.

Participation Ways: Web / App

Timeline:

• Subscription Period: 10:00:00 on December 12, 2023 to 18:00:00 on December 12, 2023 (UTC)
• Burning Acceleration Period: 20:00:00 on December 12, 2023 to 02:00:00 on December 13, 2023 (UTC)
• Staking Period: 02:00:00 on December 13, 2023 to 01:59:59 on January 2, 2024 (UTC)

Products Details:

Rewards Distribution:

• Total GTT Allocation: 200,000,000
• Rewards Distribution: All the GTT rewards will be distributed before GTT trading starts in the KuCoin Spot Market.

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-GTT-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 GTT = (F’ / Overall Final Allocation) * Total AirDrop of GTT

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