KuCoin Token Listing Voting Activity for PoW Projects: Final Round
Dear KuCoin Users,
KuCoin is launching the final round of KuCoin Token Listing Voting Activity for PoW Projects. Once again, we congratulate Zel (ZEL) and Axe (AXE) for successfully qualifying to the final round.
In the final round, users can vote for their favorite PoW project. The project with the highest number of votes will be eligible for the free token listing. KuCoin will announce the trading opening date and time after the activity ends.
Voting Rules
1. Voting Period: From 17:00 on March 9, 2020 to 17:00 on March 16, 2020 (UTC+8)
2. Voting Method: KuCoin will open an internal deposit voting channel for the two projects that have entered the final round. Users need to deposit the token of their supported project on KuCoin and then withdraw the supported project token to the specified voting address via the withdrawal page on KuCoin to vote.
3. KuCoin will take a random snapshot of each user’s KCS holdings from 17:00 on March 9, 2020 to 17:00 on March 16, 2020 (UTC+8) to determine the number of the user’s votes.
| KCS Holdings at the Snapshot Time | No. of Vote(s) |
| 1 ≤ KCS < 50 | 1 |
| 50 ≤ KCS < 200 | 3 |
| KCS ≥ 200 | 5 |
4. The number of project votes = the sum of the votes of each user (each user can only vote for one project, there is only one chance to vote, repeated voting is considered invalid)
5. KuCoin will automatically return the project tokens used for the voting activity to the user's Main Account within 3 working days of the activity ending.
Listing Requirements for the Winning Project：
| Token Name | Minimum Number of Participants | Minimum Total Withdrawal Amount of All Participants | Minimum Withdrawal Amount of Each User | Voting Address *Case-Sensitive |
| Zel (ZEL) | 1,000 | 1,200,000 ZEL | 24 ZEL | VOTEZEL |
| Axe (AXE) | 1,000 | 100,000 AXE | 2 AXE | VOTEAXE |
* Satisfying the KCS holdings and successfully withdrawing the tokens to the designated address will be regarded as a valid vote.
Note:
- If the number of participants and total withdrawal amount meet the relevant requirements, KuCoin will announce the trading opening date and time separately.
- If both criteria have not been met, we will postpone the listing and announce the follow-up operations.
- Sub-accounts can’t participate in this activity as an independent account.
Publication of Results
KuCoin will update the real-time rankings of the final round (number of participants and total withdrawal amount) every day before 21:00, starting on March 10, 2020 (UTC+8). The final results (total withdrawal, snapshot time, total votes) will be announced at 18:00 on March 16, 2020 (UTC+8).
KuCoin Token Listing Voting Activity for PoW Projects: Final Round 17:00 March 9 - 17:00 March 15 (UTC+8) | ||
| Token Name | Number of Participants | Total Withdrawal Amount |
| AXE | 705 | 109483.92589486 AXE |
| ZEL | 658 | 2083330.51329053 ZEL |
Participation Rewards
If Zel (ZEL) wins the voting activity and gets listed on KuCoin, all participants who voted for ZEL will win a share of 112,500 ZEL rewards in proportion to their withdrawal amount. At the same time, each user who initially recommended the project can get a share of community rewards of 12,500 ZEL (based on community registration).
If Axe (AXE) wins the voting activity and gets listed on KuCoin, all participants who voted for AXE will win a share of 1,500 AXE rewards in proportion to their withdrawal amount. At the same time, each user who initially recommended the project can get a share of community rewards of 1,000 AXE (based on community registration).
Risk Warning: Cryptocurrency investment is a high-risk investment channel. The cryptocurrency market is available worldwide 24x7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
The KuCoin Team