BurningDrop Tutorial on KuCoin Pool-X

KuCoin Earn
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Published in
3 min readApr 29, 2021

Step 1:

Log in to your KuCoin account, then Click on the “Earn” under the “Finance” tab or directly enter official site: https://pool-x.io/

Step 2:

Then enter the “Pool-X“ page, choose the “BurningDrop” interface. Users can check the coin which supports BurningDrop on this page, just need to “deposit” or “transfer” the coins you want to participate into the Pool-X account.

Then fill in the “Token Amount of Staking” and your “Trading Password”, and you will get initial computing power if you claim.

Note: Please pay attention to distinguish BurningDrop time periods: Subscription Period,Burning Acceleration Period and Staking Period.

Step 3

During the Burning Acceleration Period, users can choose “Go Burn” or give up with your own will. Users who have already staked can increase the computing power of rewarded tokens if you click on the “BurningDrop” and burn required coins.

Then click on the “Go Burn” button and fill in the burning amount on the pop-up page. Also can check the staking history here.

Notice: Users can get the actual amount of rewarded tokens according to the distribution rules, which will be calculated by a certain algorithm of the “Initial Allocation”, “Accelerating Coefficient” and “Final Allocation”.

APP Version

Step 1: Users can withdraw your coins and tokens from another exchange or your personal wallet to your KuCoin account, then transfer coins which support BurningDrop to your Pool-X account. Login to your account, click “Assets”, then “Transfer” relevant coins to Pool-X account.

Step2: Click on “Home” page, choose BurningDrop Banner, then enter “BurningDrop” interface.

Step 3: Choose coin you want to participate, then fill in the “Token Amount of Staking” and your “Trading Password”, then you will receive the initial computing power if you claim.

Step 4: During the burning acceleration period, users can choose “Go Burn” or give up with your own wishes. Users who have already staked can increase the computing power of rewarded tokens if you click “BurningDrop” and burn required tokens.

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