Dear KuCoin Users,
KuCoin will be launching the 14th Spotlight token sale with IX Swap (IXS) on September 3, 2021 (UTC). The new round of the IXS token sale will operate using the proportional distribution model.
Spotlight Token Sale Details:
- Token Name: IX Swap (IXS)
- Spotlight Hard Cap: 700,000 USDT
- Spotlight Allocation: 5,000,000 IXS
- Spotlight Token Sale Price: 1 IXS = 0.14 USDT
- Token Supported: KuCoin Token (KCS) Only
- Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
- Token Sale Format: Proportional Distribution Model (PDM)
- Spotlight Token Distribution: The 33% of IXS will be distributed immediately after the successful deduction of KCS. Following by a 12-week vesting schedule: weekly release of 5.62% from week 1 to 11 and 4.82% release at week 12.
- Total Token Supply: 180,000,000 IXS
- Initial Circulating Supply: 16,444,857 IXS
- IX Swap Website: https://ixswap.io
How to Participate (Click to view the detailed subscription tutorial)
Participants must have KCS holdings of at least 100 KCS, where their final allocation of the new token is determined by the portion of their KCS holdings against the total KCS holdings by all participating users. To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user.
- Token Sale Subscription Start Time: 12:00:00 on September 3, 2021 (UTC)
- Token Sale Subscription End Time: 00:00:00 on September 8, 2021 (UTC)
|Minimum KCS holdings for eligibility||Hard Cap Per User|
|100 KCS||500 USDT (3,571.43 IXS)|
Hard Cap: The max number of tokens your will receive.
The Shares You Will Receive:
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (5,000,000 IXS)
From 16:00:00 on September 3, 2021 to 16:00:00 on September 7, 2021 (UTC), KuCoin will be randomly taking 5 daily snapshots of KCS holdings. From these daily snapshots, each user’s KCS Holdings (the average from the 5 holding snapshots) will be determined.
*Sub-accounts can’t participate in the token sale as an independent account. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance.
Daily KCS Holding Calculation Rules:
- Main Account * 100%
- Trading Account * 100%
- Pool-X Account (including locked and unlocked assets) * 100%
Ongoing Pool-X staking programs for KCS (locked assets):
- KCS (Beta) Staking
Spotlight Token Sale Timeline:
- At 12:00:00 on September 3, 2021 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for IXS.
- At 00:00:00 on September 8, 2021 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants.
- From 08:00:00 to 09:00:00 on September 8, 2021 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of IXS. Please ensure you have at least 45 KCS in your Trading Account on September 8, 2021. If the deduction is successful, the IXS will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost.
Please note that the amount of IXS shares you will receive is based on your average daily KCS holdings.
To participate in the token sale, your KuCoin account needs to meet the following criteria:
- Complete KYC2 (Advanced Verification) before 00:00:00 on September 8, 2021 (UTC). If you fail to pass KYC2, then you will not be eligible for the token sale subscription.
- The following countries/areas are not supported for the purchase: The United States, U.S. Outlying Islands, Morocco, Bolivia, Ivory Coast, Cuba, Democratic Republic of Congo, Republic of Congo, Iran, Iraq, Liberia, North Korea, Syria, Venezuela, Yemen, Zimbabwe, East Timor, Cambodia, Laos, Tanzania, Serbia, Tunisia, Uganda, Mali, Afghanistan, Albania, Central African Republic, Somalia, Malawi, Mozambique, Kyrgyzstan, Bosnia and Herzegovina, Uzbekistan, Turkmenistan, Burundi, South Sudan, Mainland China, Sudan (North), The Crimea, Republic of Guinea, Guinea South Africa, the Republic of Northern Macedonia, the Lebanese Republic, Kosovo, Libya, Ethiopia, Sri Lanka, Trinidad and Tobago, Barbados, Botswana, Ghana, Jamaica, Mauritius, Pakistan, Nicaragua, Panama
- Purchase Agreement Signed.
- After completing the steps above, please be sure to click the ‘Participate Now’ button on the Spotlight page.
Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.
IX Swap: World’s 1st DeFi AMM & Liquidity Pools for Security Tokens and Tokenized Stocks
IX Swap is the “Uniswap” for STOs and TSOs, the regulatory and liquidity solution for security tokens and tokenized stocks.
IX Swap will be the FIRST platform to provide liquidity pools and automated market making functions for the STO/TSO industry. The platform will be the first DeFi platform to facilitate the trading of security tokens through licensed custodians and security brokers which will provide actual ownership and claim over these real world assets.
Official Website: https://ixswap.io
Risk Warning: Spotlight is a high-risk investment channel. Investors should be sensible in their participation and be aware of investment risks. KuCoin is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. KuCoin reserves the right of final interpretation of the activity.
Thanks for your support!
The KuCoin Team
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