The Root Network(ROOT) Available on Kucoin BurningDrop

The Root Network (ROOT) will be available on BurningDrop from 9:00:00 on November 17, 2023 (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 ROOT airdrops.

Participation Ways: Web / App

Timeline:

• Subscription Period: 9:00:00 on November 17, 2023 to 18:00:00 on November 17, 2023 (UTC)
• Burning Acceleration Period: 20:00:00 on November 17, 2023 to 02:00:00 on November 18, 2023 (UTC)
• Staking Period: 02:00:00 on November 18, 2023 to 01:59:59 on December 8, 2023 (UTC)

Rewards Distribution:

• Total ROOT Allocation: 48,000,000
• Rewards Distribution: 15% of the ROOT rewards will be distributed before ROOT trading starts in the KuCoin Spot Market. The remaining 85% will be distributed in 17% 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-ROOT-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 ROOT = (F’ / Overall Final Allocation) * Total AirDrop of ROOT

Website: https://www.therootnetwork.com/

Twitter: https://twitter.com/TheRootNetwork

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