Arcade(ARC) Available on Kucoin BurningDrop
ArcadeArcade (ARC) will be available on BurningDrop from 10:00:00 on April 10, 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 ARC airdrops.
Timeline:
- Subscription Period: 10:00:00 on April 10, 2024 to 18:00:00 on April 10, 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on April 10, 2024 to 02:00:00 on April 11, 2024 (UTC)
- Staking Period: 02:00:00 on April 11, 2024 to 01:59:59 on May 1, 2024 (UTC)
Rewards Distribution:
- Total ARC Allocation: 833,333
- Rewards Distribution: 40% of the ARC rewards will be distributed before ARC trading starts in the KuCoin Spot Market. The remaining 60% will be distributed in 30% batches after 1 month from the 1st 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-ARC-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 ARC = (F’ / Overall Final Allocation) * Total AirDrop of ARC
What is Arcade?
Arcade is a GameFi-exposure platform, built on Ethereum and powered by Avalanche, that offers Platform Users the opportunity to earn meaningful rewards from web3 game titles through the strategic infrastructure of Mission Pools, Mission Pool Operators ("MPOs"), Mission Pool Contributors ("MPCs"), NFT Curators, and game developers. MPCs are able to contribute tokens to their favorite MPOs and share in the in-game rewards via Arcade's revolutionary Mission Pool concept.
Website: https://www.arcade2earn.io/
Twitter: https://twitter.com/arcade2earn
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