Dear Kambrians,

For those who are interested in swapping your KYTE to KAT, check out this program! Here we are running a limited swap back campaign (and more in the future) as a Reward Program for KYTE holders, with following regulations:

  • Conversion rate: KYTE holders can swap 1 KYTE for 100 KAT (currently 1 KYTE = 33 KAT).
  • Total rewards budget of Xmas campaign: total KATs for swap 5,000,000 (equivalent to total KYTE swapped 50,000).
  • Each member can register to swap up to 10% their current balance of KYTE.
  • To complete the registration, the participants need to share a social post about Kambria, and your prediction of BTC price at Xmas Day Dec 24.
  • The winners are those who have their predictions closest to the actual BTC price (CMC Close Price Dec 24)
  • The list of winners will be taken from top to bottom in order of closest prediction from highest to lowest, until the total swap amount is equal to the total campaign budget. 
  • The swap would only be executed when 100 KAT > KYTE.
  • The KYTE swapped is not burned and to be used for Community activities or added back to Liquidity pool.

How to participate:

  • Send the amount of KYTE you want to convert (up to 10% current KYTE  balance in the sending wallet) to the address: 0x051B64114CD3D4157dB60A30123879460DAa418b (on Binance Smart Chain or Ethereum Network depending on your KYTE is BSC or ERC20).
  • Share a public social post about Kambria (Twitter / Facebook / Youtube), maybe a Xmas wish to Kambria community or a call to join us. Hashtag #MerryXmas2021KambriaCommunity
  • Predict BTC price at Dec 24
  • Fill out this Registration form within 1 week after this Announcement (Registration Closed on Dec 23 2:00 PM ICT), including the social post link and your prediction of BTC price. 

Timeline:

  • The Winner list will be announced 1 week after Registration Closed (Winner Announcement on Dec 30 2:00 PM ICT). 
  • KAT will be distributed to winners within 1 week after Winner Announcement (Distribution by Jan 06 2:00 PM ICT). The distribution would be executed only when 100 KAT >= KYTE.
  • We will also send back KYTE to members completing the campaign registration but not in the Winner list this time. Or in case the distribution could not be executed because 100 KAT < KYTE, we will send back KYTE to all members completing the campaign registration. These transactions will be processed within 1 week after Winner Announcement (Refund by Jan 06 2:00 PM ICT). Note that KYTE to be sent back is BSC regardless you send KYTE BSC or ERC20.

In summary:

  • [1] Announcement Date ——————— Dec 16 2:00 PM ICT
  • [2] Registration Closed ——- [1] + 7 —– Dec 23 2:00 PM ICT
  • [3] Prediction Result  ———- [2] + 1 —– Dec 24 CMC Close Price
  • [4] Winner Announcement — [2] + 7 —– Dec 30 2:00 PM ICT
  • [5] Distribution / Refund —— [4] + 7 —– Jan 06 2:00 PM ICT

Join Kambria Newsletter

Author

Kambria is the first decentralized open innovation platform for Deep Tech (AI, Robotics, Blockchain, VR/AR…). Using our platform, anyone can collaborate in researching, developing and commercializing innovative ideas and get rewarded fairly for their contributions. Through partnerships with government agencies, top universities and leading companies, Kambria is dedicated to building a sustainable open innovation ecosystem to change the way we innovate and to accelerate advanced technology development and industry adoption. Together, let’s shape the future of technology where technology is open and contributing more to society.

Write A Comment