Exploring a New Era: The $UCOIN Airdrop Unleashes the Wonders of BTC Layer 2

Coming Soon: A significant airdrop opportunity for $UCOIN tokens! Participate in the staking and purchasing of $NEWU to lock in your eligibility for the $UCOIN airdrop.

$UCOIN is the subnet token of the InscribeX, a BTC Layer 2 subnet initiative in collaboration with NEWU and Avalanche. InscribeX aims to create a dedicated marketplace for inscriptions, enabling users to buy and sell inscriptions with minimal gas fees and enhanced transaction speed. This marketplace will also introduce exclusive DeFi functionalities for inscriptions. The total supply of $UCOIN will be 2,100,000,000 tokens. This round of the $UCOIN airdrop will account for 1.5% of the total subnet tokens, offering 31,500,000 $UCOIN tokens to participants. Beyond the 1.5% airdrop, users will also have the chance to earn additional rewards for initial purchases and team bonuses. More airdrop activities will be available to users in the future.

$UCOIN Airdrop Rules

During the $UCOIN airdrop period, users can earn generous $UCOIN airdrop rewards through staking and purchasing $NEWU.

• Earning Airdrop Rewards through Staking:

Staking $NEWU will distribute 0.5% of the total $UCOIN issuance, amounting to 10,500,000 $UCOIN tokens. Users can stake their $NEWU through bit.com to earn airdrop rewards. The staking event starts on March 10th and ends on April 30th. Earlier and larger staking amounts will result in higher airdrop rewards.

Daily snapshots of staked assets will be taken until April 30th to determine the duration and quantity of $NEWU staked. The final airdrop amount will directly correlate with the number of days staked, calculated as: airdrop received * (days staked / 52), with rewards distributed based on the proportion of total staked assets.

For example, if a user stakes 10,000 $NEWU for 30 days and the total $NEWU staked amount by April 30th is 500,000, the user’s share would be 2% of the total. Consequently, the user would receive approximately 121,154 $UCOIN tokens, rounded to the nearest whole number.
More diverse staking options will be introduced in the future to provide additional airdrop rewards.

• Earning Airdrop Rewards through Purchasing:

Purchasing $NEWU will distribute 1% of the total $UCOIN issuance, amounting to 21,000,000 $UCOIN tokens. Between March 7th and March 14th, users can earn airdrop rewards by purchasing $NEWU, with larger purchase amounts leading to greater rewards. Additionally, new wallet purchases of $NEWU will receive an extra 1,000 $UCOIN tokens as an airdrop reward (this reward is not included in the 1% airdrop quota).

A snapshot on March 14th will capture the newly acquired $NEWU assets in user wallets to determine the amount of $NEWU purchased during the event. Airdrop rewards will be distributed based on the proportion of total purchases made during the event period. Users can immediately stake their purchased $NEWU to earn double airdrop rewards.

For example, if a user purchases 10,000 $NEWU during the event and the total $NEWU purchased from March 7th to March 14th is 500,000, the user’s share would be 2% of the total. Thus, the user would receive approximately 420,000 $UCOIN tokens, rounded to the nearest whole number. If the purchasing wallet is new, the user would receive a total of 421,000 $UCOIN tokens.

• Future Plans:

Stay tuned for the introduction of a mechanism to burn $NEWU in exchange for $UCOIN subnet tokens.

Maximizing Airdrop Rewards

After staking and purchasing, users can increase their airdrop rewards by leading or joining a team, earning additional rewards beyond the 1.5% airdrop quota. Team leaders have the exclusive privilege to invite members using a unique invitation code.

• Team Staking

When your team reaches specific total staking value milestones, both team leaders and members unlock additional percentage bonuses on the overall airdrop amount. Team leaders can earn up to an additional 6% in airdrop rewards, while team members can earn up to 3%.

• For a total team staking of 100,000 $NEWU: Team Leader +0.5%, Team Member +0.25%
• For a total team staking of 500,000 $NEWU: Team Leader +1%, Team Member +0.5%
• For a total team staking of 1,000,000 $NEWU: Team Leader +2%, Team Member +1%
• For a total team staking of 1,500,000 $NEWU: Team Leader +4%, Team Member +2%
• For a total team staking of 3,000,000 $NEWU: Team Leader +6%, Team Member +3%

For instance, if you staked 10,000 $NEWU and your team’s total staking reached 3,000,000 $NEWU, based on the previous example, your final $UCOIN airdrop would be enhanced. As the team leader, you would receive an additional 6% in airdrop rewards, totaling approximately 128,423 $UCOIN. Team members would receive an additional 3%, totaling approximately 124,789 $UCOIN, rounded to the nearest whole number.

• Team Purchasing

When your team reaches specific total purchase value milestones, both team leaders and members unlock additional percentage bonuses on the overall airdrop amount. Team leaders can earn up to 12% extra in airdrop rewards, while team members can earn up to 6%. The team leader must manually record each team member’s purchase amount, wallet address, and purchase screenshot for detailed total purchase amount statistics.

• For a total team purchase of 100,000 $NEWU: Team Leader +1%, Team Member +0.5%
• For a total team purchase of 500,000 $NEWU: Team Leader +2%, Team Member +1%
• For a total team purchase of 1,000,000 $NEWU: Team Leader +4%, Team Member +2%
• For a total team purchase of 1,500,000 $NEWU: Team Leader +8%, Team Member +4%
• For a total team purchase of 3,000,000 $NEWU: Team Leader +12%, Team Member +6%

For example, if you purchased 10,000 $NEWU and your team’s total purchase reached 3,000,000 $NEWU, your initial airdrop of 420,000 $UCOIN would be significantly increased. As the team leader, you would receive an additional 12% in airdrop rewards, totaling approximately 470,400 $UCOIN. Team members would receive an additional 6%, totaling approximately 445,200 $UCOIN, rounded to the nearest whole number.

Supported Platforms for $NEWU Purchase

• Unisat
• OKX Wallet
• Binance Wallet

To ensure you receive your entitled airdrop, please purchase $NEWU through OKX, Binance Wallet, or UniSat. Purchasing directly from exchanges may result in the airdrop being credited to the exchange’s address, not yours.

Event Schedule

Phase 1

• From March 7th to 14th, users can purchase $NEWU. A snapshot will be taken at 23:59 (UTC) on the 14th.

Phase 2

• Starting at 0:00 (UTC) on March 10th, users can stake their $NEWU through Bit.com to earn generous airdrop rewards.

Phase 3

• The staking event ends at 23:59 (UTC) on April 30th.

Phase 4

• $UCOIN will be airdropped to users’ wallet addresses on May 1st.

Asset Security

Users can stake their assets through bit.com to ensure the security of their funds. The majority of assets are securely stored in multisig cold storage facilities across three continents, with comprehensive protection provided by the highest security level of encryption machines. Custodial service providers are SOC 2 audited, ensuring continuous auditing assessments to guarantee the security of user funds.