KCS Team to Extend Founders’ and Angel Investors’ Token Lock-Up Period

Dear KCS Holders,

In March 2020, KuCoin started the development of KuChain, a public chain that provides solutions to deal with the existing issues in the Decentralized Finance field. As the official platform points , KCS will be the underlying fuel, empowering and contributing to the whole ecosystem.

After the official launch of the betanet for KuChain Testnet - Kratos in July 2020, KuChain continues to be under steady development, with its mainnet expected to be launched in Q4 2020. In order to help promote the sustainable growth of KuChain and KuCoin, after discussing the partial release of the tokens with all parties holding locked KCS, the KCS team has decided that these tokens will remain locked until the launch of the KuChain Whitepaper. A new locked KCS release plan will be unveiled in the whitepaper. The tokens to be released will be used to benefit the public chain ecosystem, setting up a KuChain Ecosystem Fund for instance, and will not go directly to the secondary market. Please stay tuned for our upcoming announcements.

Currently, the 90 million locked KCS tokens are still placed in cold storage. You can check them out at: https://etherscan.io/address/0x4768b5168a8f2bfdd76de03faa834839ccf75d9f

Thank you for your support and understanding!

The KCS Team