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Author: Admin | 2025-04-28
Dear KuCoin Users,Clearpool (CPOOL) will be available on BurningDrop from 10:00:00 on October 26, 2021 (UTC). Users can mine CPOOL by staking USDT/KCS/ETH assets. During the Burning Acceleration Period, users who have already staked can enjoy more CPOOL rewards by burning POL. (All times for this announcement refer to the UTC time zone)Participation Ways: Web / AppProducts Details:Staking ProductsFixed Income PoolUSDT-FOR-CPOOL-20DPremium PoolETH-FOR-CPOOL-20DDeluxe PoolKCS-FOR-CPOOL-20DCPOOL Distribution Coefficient11.21.5Hard Cap of Whole Platform1,000,000 USDT338 ETH105,700 KCSHard Cap of Single User2,000 USDT0.6 ETH150 KCSTimeline and Rules: (Go to BurningDrop) *Subscription Period: 2021/10/26 10:00:00 - 2021/10/26 22:00:00*Burning Acceleration Period: 2021/10/27 02:00:00 - 2021/10/27 14:00:00*Staking Period: 2021/10/27 16:00:00 - 2021/11/16 15:59:59*Issue Price: 1 CPOOL = 0.04 USDT*Total Amount of CPOOL: 2,500,000*Rewards Distribution: 40% of the CPOOL rewards will be distributed before CPOOL trading starts in the KuCoin Spot Market. The remaining 60% will be distributed after 1 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-CPOOL-20D section and 0.1 ETH in the ETH-FOR-CPOOL-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 =1,3832) Accelerating Coefficient by burning POL, namely V = 0.18452
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