Truflation(TRUF) Available on Kucoin BurningDrop
TruflationTruflation (TRUF) will be available on BurningDrop from 9:00:00 on April 2, 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 TRUF airdrops.
Timeline:
- Subscription Period: 9:00:00 on April 2, 2024 to 18:00:00 on April 2, 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on April 2, 2024 to 02:00:00 on April 3, 2024 (UTC)
- Staking Period: 02:00:00 on April 3, 2024 to 01:59:59 on April 23, 2024 (UTC)
Rewards Distribution:
- Total TRUF Allocation: 1,000,000
- Rewards Distribution: 40% of the TRUF rewards will be distributed before TRUF 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-TRUF-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 TRUF = (F’ / Overall Final Allocation) * Total AirDrop of TRUF
What is Truflation?
Backed by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data.
With a comprehensive index tracking over 13 million items, Truflation offers censorship-resistant data infrastructure (Truflation Stream Network), fueling systemic advancements in the DeFi economy.
This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices, to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.
Website: https://truflation.com/
Twitter: https://twitter.com/truflation
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