Dear KuCoin Users,
The subscription of IX Swap (IXS) token sale has ended successfully. The price of the IX Swap (IXS) token sale on KuCoin Spotlight is as follows:
- The price of KCS for purchase is now fixed at the average of every hourly open price from 00:00:00 to 24:00:00 on September 7, 2021 (UTC).
- 1 KCS = 13.42667 USDT
- Price of Public Token Sales: 1 IXS = 0.14 USDT = 0.01043 KCS
Spotlight Token Sale Timeline:
- At 00:00:00 on September 8, 2021 (UTC), KuCoin ended 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 (33.33% of IXS. Following by a 12-week vesting schedule: weekly release of 5.62% from week 1 to 11 and 4.82% release at week 12). 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.
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 the user’s 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.
The KuCoin Team
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