Stake Your LOCG via POOL-X BurningDrop Program
We are pleased to bring more exciting news about LOCG’s availability on Pool-X BurningDrop starting 10:00:00 on Apr. 29, 2021 (UTC).
In the Burning Drop campaign, the total LOCG tokens to be distributed is 1,111,111 LOCG. Token holders will be able to mine LOCG by staking USDT/ETH/KCS assets. We will be distributing LOCG rewards depending on the Distribution Coefficient related to the Staking amount.
The Burning Acceleration period will allow users who had staked before to increase the computing power of LOCG by burning DAO.
The staking procedure:
The Subscription period (2021/04/29 10:00:00–2021/04/30 10:00:00) gives users the opportunity to lock their assets (USDT/ETH/KCS) into 3 different staking products.
Once the Subscription period is closed, users can calculate the Initial Allocation of LOCG according to the staking amount in the pool.
Next is the Acceleration Period (2021/05/01 10:00:00–2021/05/02 10:00:00) which will provide users with Accelerating Coefficient from the burn of DAO, from which the Final Allocation of LOCG will be calculated.
The end of this period will give users the actual amount of LOCG rewards according to the distribution rules. We will be calculating this using an algorithm of Initial Allocation, Accelerating Coefficient and Final Allocation.
The following are the staking details.
The staking period will start on 2021/05/02 10:00:00 and close on 2021/05/22 10:00:00.
We will distribute LOCG using the following procedure: 33% to be distributed in May, 33% in June and 34% in July.
In order for users to participate in the BurningDrop activity, they will need to first register on KuCoin or Pool-X. The Pool-X links are:
Users are also expected to confirm their voluntary interest in participating in the BurningDrop by specifically stating that KuCoin Group has not forced, interfered with or influenced their decision in any way.
Pool-X is a subsidiary product incubated by KuCoin, that provides a one-stop service for users to mine and stake Cryptocurrencies. Users will be able to log in Pool-X with their Kucoin account and can follow the steps as instructed in the BurningDrop LOCGame Announcement
About LegendsofCrypto (LOCGame)
LegendsofCrypto is an NFT card collection game powered by Ethereum and Polygon blockchains to bring greater stability and efficiency to its ecosystem. The platform features prominent members and influencers from the crypto industry with each character placed in different categories. Users of the platform can collect, trade and earn using their cards, which they have sole ownership of.
Be sure to stay updated about this and more developments on our platform by following the following sites. All announcements will be made on these sites in a timely manner.