Announcement of the Price of MELOS Token Sale

Dear KuCoin Users,

The subscription of Melos Studio (MELOS) token sale has ended successfully. The price of the Melos Studio (MELOS) token sale on KuCoin Spotlight is as follows:

1. 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 March 16, 2022 (UTC).
2. 1 KCS = 18.26792 USDT
3. Price of Public Token Sales: 1 MELOS = 0.05 USDT = 0.002737 KCS

Spotlight Token Sale Timeline:

1. At 00:00:00 on March 17, 2022 (UTC), KuCoin ended this round of token sale registrations, counting the shares of all successfully registered participants.
2. From 08:00:00 to 09:00:00 March 17, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MELOS (10% will be distributed on the Token Generation Event). Please ensure you have at least 20 KCS in your Trading Account on March 17, 2022. If the deduction is successful, the MELOS 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 MELOS shares you will receive is based on your KCS holdings of 3 snapshots.

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.

Regards,

The KuCoin Team

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