Hord (HORD) BurningDrop — DAO Burning Rules
Dear Pool-X Users,
Hord (HORD) BurningDrop will step into the Burning Acceleration Period at 10:00:00 on April 21, 2021 (UTC). Users who have already successfully staked USDT/ETH/BTC assets can increase the computing power of HORD by burning DAO.
After the burning starts, users can check the relative changes of computing power on the Pool-X burning page. (All times for this event refer to the UTC time zone)
The rules are as follows:
1. The calculation method during DAO Burning Acceleration Period:
1）User Initial Allocation after staking = F
2）Accelerating Coefficient by burning DAO = V
3）User Final Allocation after burning DAO = F’
4）F’ = (V+1) F
5）V = 0.18452 * arctan (2000 * ε - 2.08) + 0.207166085
6）ε = Amount of the DAO user burns/F
After taking the Accelerating Coefficient into account,
User Final Allocation of HORD = Total Amount of HORD/ Overall Final Allocation * F’
2. After the Burning Acceleration Period ends, the staking period will start. 30% of HORD rewards will be distributed to the Pool-X account for the first time on April 23, 2021, and the remaining will be distributed 10% per month, which will be completed for 7 consecutive months.
Thanks for your support!
The Pool-X Team
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