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KuCoin Will Support The Volume Network (VOL) Lockup and Cash Back Program

KuCoin Will Support The Volume Network (VOL) Lockup and Cash Back Program

09/21/2019, 06:22:34

Dear KuCoin Users,

KuCoin will support the Volume Network (VOL) lockup and cash back program. This program will start at 00:00:00 on September 23, 2019 (UTC+8).

Rules of the Lockup and Cash Back:

  1. How to lockup: For users who hold VOL and expect to gain profit, please withdraw VOL to LOCKVOL via the withdrawal page. (Visit the VOL withdrawal page, fill in the VOL address LOCKVOL in the wallet address bar).
  2. Lockup period: Users can lock VOL from 00:00:00 on September 23, 2019 to 23:59:59 on September 30, 2019(UTC+8). The lockup period will last 90 days.The VOL sent to the lockup address cannot be unlocked in advance.
  3. Lockup limit: The minimum amount for single lockup is 1000 VOL; when the total lockup amount reaches 10,000,000 VOL, the program will end ahead of schedule and users will not be able to lock their VOL.
  4. Rate of return:The annualized rate of return is 50%; Limited lock position, first come first served.
  5. Distribution of revenue: First  lockup revenue will be paid on November 1, 2019, second  lockup revenue will be paid on December 1, 2019, the last lockup revenue will be paid on January 1, 2020; The principal will be distributed two weeks after the end of  unlocking.

Risk-taking: This activity is only supported by KuCoin and the return is provided by the Volume Network (VOL) . It does not mean that the platform provides any form of guarantee or guarantee for the user to obtain the estimated income. The actual income obtained by the user is inconsistent with the estimated return, and the participating users voluntarily assume such risk. The final interpretation of this event belongs to the platform.

The KuCoin Team