NATIX Network(NATIX) Available on Kucoin BurningDrop

NATIX Network (NATIX) will be available on BurningDrop from 9:00:00 on June 25. 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 NATIX airdrops.

Participation Ways: Web / App

Timeline:

• Subscription Period: 9:00:00 on June 25. 2024 to 18:00:00 on June 25. 2024 (UTC)
• Burning Acceleration Period: 20:00:00 on June 25. 2024 to 02:00:00 on June 26. 2024 (UTC)
• Staking Period: 02:00:00 on June 26. 2024 to 01:59:59 on July 16. 2024 (UTC)

Rewards Distribution:

• Total NATIX Allocation: 200.000.000
• The NATIX rewards distribution will be: 25% of the NATIX rewards will be distributed before NATIX trading starts in the KuCoin Spot Market. The remaining rewards will be distributed monthly over the next 6 months at a rate of 12.5% 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-NATIX-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 NATIX = (F' / Overall Final Allocation) * Total AirDrop of NATIX

What is NATIX Network?

NATIX Network is building an open geospatial Intelligence network using their proprietary AI and Internet of Cameras. The existing geospatial data solutions suffer from limited data types, low update frequency, high costs to gather data, and even higher prices charged to business customers. NATIX uses driver assistant apps (e.g. dashcam and navigation), token incentives, Computer Vision AI, and smartphone cameras to crowdsource real-time data and create a digital twin of our world. The network enables a new era of real-time applications ranging from autonomous driving to smart city services. With over 115k registered drivers and over 40M km covered in only a year, NATIX is one of the fastest-growing DEPIN projects globally (according to Messari's state of DePIN report).

Website: https://www.natix.io/

X (Twitter): https://twitter.com/NATIXNetwork

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