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Announcement of SUI Token Sale Postponement

Announcement of SUI Token Sale Postponement

04/24/2023, 01:55:07

"Note: U.S. persons and residents are not eligible for participation in the sale or distribution of SUI"

Dear KuCoin users,

Thank you for participating in the SUI Spotlight Token Sale on our platform. Dates for the sale have been revised to accommodate a slight postponement, and we provide an updated timeline below. We apologize for any inconvenience this may cause and appreciate your understanding.

Updated timelines for the General Public Sale (Pool A) and Recognition Sale (Pool B):

Pool A General Public Sale Pool B Recognition Sale
Subscription Ends 2023-4-22 16:00 UTC 2023-5-1 01:00 UTC
Announce Tickets 2023-4-23 13:00 UTC 2023-5-1 07:00 UTC
Calculation and Verification Results 2023-5-1 10:00 UTC 2023-5-1 10:00 UTC
Token Distribution Period From 2023-5-2 1:00 to 2023-5-3 9:00 UTC From 2023-5-2 1:00 to 2023-5-3 9:00 UTC

Important notice:

  1. The Pool B Recognition Sale is not based on lottery and is open to allowlisted Sui ecosystem contributors only. KuCoin will verify if participants are on the allowlist during the Calculation and Verification period. If you are not on the Sui ecosystem contributor allowlist, your order will not be accepted and processed after the Calculation and Verification Results period. If you are on the Sui ecosystem contributor allowlist, your eligibility is not subject to lottery.
  2. KuCoin will deduct the corresponding amount of USDT from the qualified users’ TRADING ACCOUNT and distribute the corresponding amount of SUI. If the deduction is successful, the SUI will be distributed immediately to the users’ Main Account. Please make sure you have enough USDT in your Trading account; otherwise, your eligibility to purchase in the Spotlight will be lost. Please make sure you have enough USDT in your TRADING ACCOUNT during the token distribution period.
  3. KuCoin is required to restrict US based visitor traffic to token sale pages and announcement pages. US based persons may not participate in the SUI token sale.
  4. The Pool A General Public Sale snapshot period remains the same. KuCoin will not take any snapshots after subscription ends.
  5. Pool B Recognition Sale allowlisted users may also participate in the Pool A General Public Sale. If you are an allowlisted Pool B ecosystem contributor and win a Pool A lottery ticket, the total maximum deduction USDT amount will be 1,000 + 45 USDT.
  6. If there is any inconsistency between the subscription page and this announcement, this announcement shall prevail.
  7. You are not entitled to receive any tokens associated with the KuCoin Spotlight service unless and until such tokens are received by KuCoin. After KuCoin receives the tokens, during the token distribution period, KuCoin will deduct an equivalent amount of the specified tokens from your trading account and deposit the tokens into your main account. KuCoin cannot guarantee that you will receive any particular Spotlight tokens or amount at any specific time. Spotlight services provided by KuCoin are opt-in accessible services only, and KuCoin is not liable for any loss caused by the Spotlight service.

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. KuCoin reserves the right to the final interpretation of the activity.

Thanks for your support!

The KuCoin Team

This activity is not related to Apple Inc.

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