ZKX(ZKX) Available on Kucoin BurningDrop
ZKXZKX (ZKX) will be available on BurningDrop from 9:00:00 on June 13. 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 ZKX airdrops.
Participation Ways: Web / App
Timeline:
- Subscription Period: 9:00:00 on June 13. 2024 to 18:00:00 on June 13. 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on June 13. 2024 to 02:00:00 on June 14. 2024 (UTC)
- Staking Period: 02:00:00 on June 14. 2024 to 01:59:59 on July 4. 2024 (UTC)
Rewards Distribution:
- Total ZKX Allocation: 150.000
- The ZKX rewards distribution will be: 30% of the ZKX rewards will be distributed before ZKX trading starts in the KuCoin Spot Market. After that, the remaining rewards will be distributed in 35% batches monthly over the next 2 months.
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-ZKX-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 ZKX = (F' / Overall Final Allocation) * Total AirDrop of ZKX
What is ZKX?
ZKX makes trading social with PVP battles and competitions for perpetual futures. Leveraging its appchain, ZKX delivers unparalleled scalability and high-speed APIs by combining the efficiency of centralized exchanges with the self-custody and trust of DeFi. ZKX is currently deployed on Ethereum and Starknet, and is leading the way where SocialFi meets DeFi.
Website: https://zkx.fi/
X (Twitter):https://twitter.com/zkxprotocol
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