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OOFP(OOFP) Available on Kucoin BurningDrop
OOFPOOFP (OOFP) will be available on BurningDrop from 9:00:00 on December 29, 2023 (UTC). DOVI pool will be opened during the subscription period for all users to subscribe; users can stake DOVI to get OOFP rewards!
Additionally, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more OOFP airdrops.
Participation Ways: Web / App
Timeline:
- Subscription Period: 9:00:00 on December 29, 2023 to 18:00:00 on December 29, 2023 (UTC)
- Burning Acceleration Period: 20:00:00 on December 29, 2023 to 02:00:00 on December 30, 2023 (UTC)
- Staking Period: 02:00:00 on December 30, 2023 to 01:59:59 on January 19, 2024 (UTC)
Rewards Distribution:
- Total OOFP Rewards: 200,000 OOFP
- Rewards Distribution: 35% of the OOFP rewards will be distributed before OOFP trading starts in the KuCoin Spot Market. The remaining 65% will be distributed in 32.5% batches from the 1st distribution every month.
Calculation Method:
1) User’s Initial Allocation F = Individual staking amount of the Product * certain Distribution Coefficient * the staked token price at the start of the Subscription Period
e.g.Alice staked 1,000 DOVI in the DOVI-FOR-OOFP-20D section. Assume that the price of DOVI at the start of the subscription period is $1.2. Thus, Alice’s Initial Allocation will be:
1,000 * 1 * 1.2 = 1,200
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
Signle User’s Final OOFP Rewards= (F’ / Overall Final Allocation) * Total OOFP Rewards
What is OOFP?
OOFP is a project within the bitcoin ecosystem that provides value-added services for assets like inscriptions, runes, and nuts.
Website: https://www.oofi.io/
Twitter: https://twitter.com/oofp_vault
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