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Announcement of MEME.COM (MEM) Token Sale on KuCoin Spotlight

Announcement of MEME.COM (MEM) Token Sale on KuCoin Spotlight

06/11/2021, 10:00:20

Dear KuCoin Users,

KuCoin will be launching the 11th Spotlight token sale with MEME.COM (MEM) on June 11, 2021 (UTC). The new round of the MEM token sale will operate using the proportional distribution model. *web-access preferred.

Spotlight Token Sale Details: (Subscribe Now)

  1. Token Name: MEME.COM (MEM)
  2. Spotlight Hard Cap: 250,000 USDT
  3. Spotlight Allocation: 520,833 MEM
  4. Spotlight Token Sale Price: 1 MEM = 0.48 USDT
  5. Token Supported: KuCoin Token (KCS) Only
  6. Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
  7. Token Sale Format: Proportional Distribution Model
  8. Spotlight Token Distribution: The MEM will be distributed immediately after the successful deduction of KCS.
  9. Total Token Supply: 100,000,000 MEM
  10. Initial Circulating Supply: 2,329,167 MEM
  11. MEME.COM Website: https://meme.com/

How to Participate

Participants must have KCS holdings of at least 200 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.

  1. Token Sale Subscription Start Time: 12:00:00 on June 11, 2021 (UTC)
  2. Token Sale Subscription End Time: 00:00:00 on June 15, 2021 (UTC)
Minimum KCS holdings for eligibilityHard Cap Per User
200 KCS100 USDT (208.33 MEM)

The Shares You Will Receive:

(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (520,833 MEM)

KCS Holdings

From 16:00:00 on June 12, 2021 to 16:00:00 on June 14, 2021 (UTC), KuCoin will be randomly taking 3 daily snapshots of KCS holdings. From these daily snapshots, each user’s KCS Holdings (the average from the 3 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 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-FOR-IOI-20D
  • KCS-FOR-DORA-20D
  • KCS-FOR-LSS-20D
  • KCS-VEED-30D
  • KCS-FOR-UNO-20D
  • KCS-LockDrop-360D
  • KCS (Beta) Staking

Spotlight Token Sale Timeline:

  1. At 12:00:00 on June 11, 2021 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for MEM.
  2. At 00:00:00 on June 15, 2021 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants.
  3. From 08:00:00 to 09:00:00 on June 15, 2021 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MEM. Please ensure you have at least 20 KCS in your Trading Account on June 15, 2021. If the deduction is successful, the MEM 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 MEM 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:

  1. Complete KYC2 (Advanced Verification) before 00:00:00 on June 15, 2021 (UTC). If you fail to pass KYC2, then you will not be eligible for the token sale subscription.
  2. The following countries/areas are not supported for the purchase: Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Mainland China, Democratic Republic of Congo, Republic of the Congo, Iran, Iraq, Liberia, North Korea, Syria, Venezuela, Yemen and Zimbabwe, The United States, U.S. Outlying Islands, Japan, Timor-Leste, Cambodia, Republic of the Union of Myanmar, Laos, Tanzania, , Serbia, Tunisia, Uganda, Mali, Afghanistan, Albania, Central African Republic, Somalia, Republic of the Congo, Malawi, Mozambique, Kyrgyzstan, Bosnia and Herzegovina, Uzbekistan, Turkmenistan, Burundi, South Sudan, Sudan (north), Sudan (Darfur), the Republic of Guinea, Guinea-Bissau, the Republic of North Macedonia, the Lebanese Republic, Kosovo, Libya, Ethiopia, Sri Lanka, Trinidad and Tobago.
  3. Purchase Agreement Signed
  4. 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.

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