RepubliK(RPK) Available on Kucoin BurningDrop
RepubliKRepubliK (RPK) will be available on BurningDrop at 9:00:00 on November 10, 2023 (UTC). KCS pool will be opened during the subscription period for all users to subscribe. In addition, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more RPK airdrops.
Participation Ways: Web / App (click here to check the Tutorial)
Timeline:
- Subscription Period: 9:00:00 on November 10, 2023 to 18:00:00 on November 10, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on November 10, 2023 to 02:00:00 on November 11, 2023 (UTC)
- Staking Period: 02:00:00 on November 11, 2023 to 01:59:59 on December 1, 2023 (UTC)
Rewards Distribution:
- Total RPK Allocation: 6,250,000
- Rewards Distribution: 20% of the RPK rewards will be distributed before RPK trading starts in the KuCoin Spot Market. The remaining 80% will be distributed in 16% batches every 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-RPK-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 (1,500 * 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 RPK = (F’ / Overall Final Allocation) * Total AirDrop of RPK
Website: https://republik.gg/
Twitter: https://twitter.com/republik_gg
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