Gameta(HIP) Available on Kucoin BurningDrop

Gameta (HIP) will be available on BurningDrop from 9:00:00 on April 19, 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 HIP airdrops.

Participation Ways: Web / App

Timeline:

1. Subscription Period: 9:00:00 on April 19, 2024 to 18:00:00 on April 19, 2024 (UTC)
2. Burning Acceleration Period: 20:00:00 on April 19, 2024 to 02:00:00 on April 20, 2024 (UTC)
3. Staking Period: 02:00:00 on April 20, 2024 to 01:59:59 on May 10, 2024 (UTC)

Rewards Distribution:

1. Total HIP Allocation: 1,000,000
2. Rewards Distribution: 40% of the HIP rewards will be distributed before HIP trading starts in the KuCoin Spot Market. The remaining 60% will be distributed in 30% 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-HIP-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 HIP = (F’ / Overall Final Allocation) * Total AirDrop of HIP

What is Gameta?

Gameta is a Web3 entertainment platform combining casual gaming and media socialization. Aimed at bringing a large scale of mainstream users into Web3, Gameta currently runs on BNB Chain and Solana ecosystems, and has accumulated over 8 million-plus users.

Website: https://gameta.pro/

Twitter: https://twitter.com/Gameta_Official