Dear KuCoin Users
KuCoin will be launching the 17th Spotlight token sale with Chumbi Valley (CHMB) on December 14, 2021 (UTC). The CHMB token sale will operate using the proportional distribution model.
Spotlight Token Sale Details: (Subscribe Now)
How to Participate
Participants must have an average daily KCS holdings of at least 100 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily 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.
Minimum KCS holdings for eligibility | Hard Cap Per User |
100 KCS | 300 USDT (300,000 CHMB) |
*Hard Cap: The max number of tokens you will receive
The Shares of Qualified Users Will Receive (Users must meet the minimum average daily KCS holdings):
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (300,000,000 CHMB)
KCS Holdings:
From 16:00:00 on Decembet 14, 2021 to 16:00:00 on December 16, 2021 (UTC), KuCoin will be randomly taking 1 snapshot of each user's KCS holdings each day (3 snapshots in total). From these snapshots, each user’s KCS holdings (the average from the 3 holding snapshots) will be determined. Only users who have an KCS holdings over 100 from the 3 snapshots and click 'Participate Now' during the subscription period will be qualified to the 17th Spotlight.
*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:
Ongoing Pool-X staking programs for KCS (locked assets):
Spotlight Token Sale Timeline:
Please note that the amount of CHMB 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:
Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.
Chumbi Valley (CHMB): A Paradigm Shift in The Gaming Space.
Chumbi Valley is an enchanting RPG Play-to-Earn blockchain game being built on BSC and Polygon Network. Chumbi Valley features NFT creatures and original art inspired by Pokemon and Studio Ghibli.
Chumbi is adorable NFT creatures that inhabit a mysterious forest valley. As the main character, you can breed and collect Chumbi, explore with them, and battle to earn crypto rewards. Earn additional rewards by working with your Chumbi to maintain a farm and grow crops. Gather in-game resources to craft NFT items and even earn while offline with Chumbi automation spells. Additionally, you can own NFT land plots in the Chumbi Village, where you can interact with other players and build a community.
Official Website: https://chumbivalley.com
Join the Community: https://t.me/chumbivalley
Twitter: https://twitter.com/ChumbiValley
Facebook: https://facebook.com/chumbivalley
OpenSea: https://opensea.io/collection/chumbi-valley-founders-collection
Know More About Chumbi Valley (CHMB)
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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