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NuLink(NLK) Available on Kucoin BurningDrop
NuLinkNuLink (NLK) will be available on BurningDrop from 10:00:00 on May 13. 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 NLK airdrops.
Participation Ways: Web / App
Timeline
- Subscription Period: 10:00:00 on May 13. 2024 to 18:00:00 on May 13. 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on May 13. 2024 to 02:00:00 on May 14. 2024 (UTC)
- Staking Period: 02:00:00 on May 14. 2024 to 01:59:59 on June 3. 2024 (UTC)
Rewards Distribution
- Total NLK Allocation: 1.000.000
- Rewards Distribution: 15% of the NLK rewards will be distributed before NLK trading starts in the KuCoin Spot Market. The remaining 85% will be distributed in 28.3% batches every month after a 3-month cliff 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-NLK-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 NLK = (F' / Overall Final Allocation) * Total AirDrop of NLK
What is NuLink
NuLink-ZK Provable Data Privacy Solution for DApps. We are on a mission to build a solution that makes it easy for developers to implement best practices and best of breed security and privacy.
Website:https://www.nulink.org/
Twitter:https://twitter.com/NuLink_
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