Atem Network(ATEM) Available on Kucoin BurningDrop

Atem Network (ATEM) will be available on BurningDrop from 10:00:00 on November 9, 2023 (UTC). KCS pool will be opened during the subscription period for all users to subscribe. In addition, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more ATEM airdrops.

Participation Ways: Web / App (click here to check the Tutorial)

Timeline:

• Subscription Period: 10:00:00 on November 9, 2023 to 18:00:00 on November 9, 2023 (UTC)
• Burning Acceleration Period: 20:00:00 on November 9, 2023 to 02:00:00 on November 10, 2023 (UTC)
• Staking Period: 02:00:00 on November 10, 2023 to 01:59:59 on November 30, 2023 (UTC)

Rewards Distribution:

• Total ATEM Allocation: 1,333,333
• Rewards Distribution: 15% of the ATEM rewards will be distributed before ATEM 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-ATEM-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 ATEM = (F’ / Overall Final Allocation) * Total AirDrop of ATEM

Learn More About Atem Network

Atem Network is a decentralized content creation protocol, aim at helping creators tokenize their content and build web3 native communities. Utilizing the protocol, Atem has built two products, AtemChat and AtemReview. AtemReview has attracted over 200k users, created over 400k content on Arweave and generated over 2.5 million interactions. AtemChat has attracted over 30k users, created over 7000 token-gates groups.

Website: https://www.atem.io/

Twitter: https://twitter.com/atem_network

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