Announcement of the Price of VELO Token Sale

Dear KuCoin Users,

KuCoin has published the lottery tickets for successfully registered users along with the winning tickets on the Spotlight page.The price of the Velo (VELO) 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 23:59:59 on Sep 16, 2020 (UTC+8).
• 1 KCS = 1.22484 USDT
• Price of Public Token Sales: 1 VELO = 0.05 USDT = 0.04082 KCS
• Allocation Per Winning Ticket: 50 USDT = 1,000 VELO = 40.82 KCS

Spotlight Token Sale Timeline:

• At 18:00:00 on Sep 17, 2020 (UTC+8), KuCoin will open the deposit service of Velo (VELO)
• From 18:30:00 to 19:30:00 on Sep 17, 2020 (UTC+8), KuCoin will deduct the corresponding KCS from the winning users’ trading account and distribute the corresponding VELO. Please ensure you have sufficient KCS in your trading account before 18:00:00 Sep 17, 2020. If the deduction is successful, the VELO will be distributed immediately to your deposit account, otherwise the purchase qualification will be lost.
• At 20:00:00 on Sep 17, 2020 (UTC+8), KuCoin will list and open the trading service for VELO.

Velo (VELO) Listing Schedule:

• Deposit: 18:00:00 on Sep 17, 2020 (UTC+8)
• KuCoin will open trading for the VELO/USDT trading pair at 20:00 on Sep 17, 2020 (UTC+8).
• The withdrawal opening date will be announced separately.

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.

Thanks for your support!

The KuCoin Team