Ponder(PNDR) Available on Kucoin BurningDrop
Ponder(PNDR) Ponder (PNDR) will be available on BurningDrop from 9:00:00 on November 15. 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 PNDR airdrops.
Participation Ways: Web / App
Timeline:
- Subscription Period: 9:00:00 on November 15. 2024 to 18:00:00 on November 15. 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on November 15. 2024 to 02:00:00 on November 16. 2024 (UTC)
- Staking Period: 02:00:00 on November 16. 2024 to 01:59:59 on December 6. 2024 (UTC)
Rewards Distribution:
- Total PNDR Allocation: 2.000.000
- The PNDR rewards distribution will be: 30% of the PNDR rewards will be distributed before PNDR trading starts in the KuCoin Spot Market. The remaining rewards will be distributed monthly over the next 2 months at a rate of 35% each month.
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-PNDR-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 PNDR = (F' / Overall Final Allocation) * Total AirDrop of PNDR
What is Ponder?
Ponder is the ultimate AI-powered Web3 comparison platform. It enables users to compare and execute a wide range of Web3 services, including EigenLayer restaking, swaps, bridges, NFTs and various DeFi opportunities, all within a single intuitive interface.
- Website: https://ponder.one/
- X (Twitter): https://x.com/Ponder_one
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