LimeWire(LMWR) Available on Kucoin BurningDrop

LimeWire (LMWR) will be available on BurningDrop from 10:00:00 on May 11, 2023 (UTC). USDT, KCS, and ETH pools 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 POL (the native token of the KuCoin Earn platform) to mine more LMWR airdrops.

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

Timeline:

• Subscription Period: 10:00:00 on May 11, 2023 to 18:00:00 on May 11, 2023 (UTC)
• Burning Acceleration Period: 20:00:00 on May 11, 2023 to 02:00:00 on May 12, 2023 (UTC)
• Staking Period: 02:00:00 on May 12, 2023 to 01:59:59 on June 1, 2023 (UTC)

Products Details:

Rewards Distribution:

• Total LMWR Allocation: 500,000
• Rewards Distribution: 10% of the LMWR rewards will be distributed before LMWR trading starts in the KuCoin Spot Market. The remaining 90% will be distributed in 15% batches every month from the 1st distribution.

Calculation Method:

1) User’s Initial Allocation F = ∑(Individual staking amount of the chosen Staking 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-LMWR-20D section and 0.1 ETH in the ETH-FOR-LMWR-20D section. Assume that the price of KCS at the start of the Subscription Period is 13 USDT, and the price of ETH at the start of the Subscription Period is 3,400 USDT. Thus, Alice’s Initial Allocation will be:

50 * 1.5 * 13 0.1 * 1.2 * 3,400 = 1,383

2) Accelerating Coefficient by burning POL, namely V = 0.18452 * arctan (20 * ε - 2.08) 0.207166085, wherein ε = Amount of the POL user burns / F

3) Single User Final Allocation after burning POL = F’

4) F’ = (V 1) F

User Final Rewards of LMWR = (F’ / Overall Final Allocation) * Total Amount of LMWR

Website: https://limewire.com/

Twitter: https://twitter.com/limewire

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