Laika AI(LKI) Available on Kucoin BurningDrop

Laika AI (LKI) will be available on BurningDrop from 9:00:00 on June 3. 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 LKI airdrops.

Participation Ways: Web / App

Timeline:

• Subscription Period: 9:00:00 on June 3. 2024 to 18:00:00 on June 3. 2024 (UTC)
• Burning Acceleration Period: 20:00:00 on June 3. 2024 to 02:00:00 on June 4. 2024 (UTC)
• Staking Period: 02:00:00 on June 4. 2024 to 01:59:59 on June 24. 2024 (UTC)

Rewards Distribution:

• Total LKI Allocation: 14.285.714
• Rewards Distribution: 30% of the LKI rewards will be distributed before LKI trading starts in the KuCoin Spot Market. After 1 month, the remaining 70% will be distributed in 35% batches every 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-LKI-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 LKI = (F' / Overall Final Allocation) * Total AirDrop of LKI

What is Laika AI?

Laika AI is developing an on-chain data layer for AI & offering advanced AI solutions, providing users with deeper insights, enhanced security, and superior market analysis in the rapidly evolving world of digital assets.

Website: https://www.laika-ai.io/

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

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