KuCoin will be launching the 24th Spotlight token sale with Mechaverse (MC) on September 5, 2022 (UTC). The MC token sale will operate using the proportional distribution model.
Learn more about Mechaverse (MC)
Spotlight Token Sale Details: (Subscribe Now)
How to Participate
To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user.
Minimum Average KCS holdings for eligibility | Hard Cap Per User |
10 KCS | 150 USD (1,500 MC) |
* Hard Cap: The max number of tokens you will receive.
The Shares of Qualified Users Will Receive
(User’s KCS holdings * Spot Trading Buff / Total KCS holdings with Spot Trading Buff of all participants) * Total Spotlight Allocation (6,000,000 MC)
* If participants’ average FT (23rd Spotlight project) holding amount is more than 30, the shares will multiply *110%.
Spot Trading Buff Coefficient Breakdown:
$ Trading Volume 12:00:00 on Sep.2 - 16:00:00 on Sep.6 (UTC) | Spot Trading Buff |
≥ 200 USD | KCS Holding * 1.1 |
≥ 400 USD | KCS Holding * 1.2 |
≥ 600 USD | KCS Holding * 1.3 |
Every 200 USD trading volume achieved, the coefficient will plus 0.1 | |
≥ 8,000 USD | KCS Holding * 5 |
According to the tokens which participants trade, KuCoin will calculate the trading volume with different coefficients:
Token | Trading Volume Calculation |
KCS | Trading volume * 150% |
FT (23rd Spotlight project) | Trading volume * 110% |
SOL, MATIC, ATOM, AVAX, OP, NEAR, DOT, FLOW | Trading volume * 100% |
💰 Daily KCS Holdings:
From 12:00:00 on September 5, 2022 to 00:00:00 on September 7, 2022 (UTC), KuCoin will randomly take a snapshot of each user's KCS holdings (for detailed calculation rules, click here) on that day (2 snapshots in total). From the snapshot, each user’s daily KCS holdings will be determined.
🚀 Spot Trading Buff:
KuCoin will calculate participants’ Spot trading volume on KCS, FT, SOL, MATIC, ATOM, AVAX, OP, NEAR, DOT, FLOW from 12:00:00 on September 2, 2022 to 16:00:00 on September 6, 2022 (UTC). From the Spot trading volume on the appointed tokens, each user's Spot Trading Buff will be determined.
🎆 FT Holding Buff:
From 12:00:00 on September 5, 2022 to 00:00:00 on September 7, 2022 (UTC), KuCoin will randomly take a snapshot of each user's FT holdings on that day (2 snapshots in total). From the snapshot, each user who has an average holding amount of at least 30 FT (23rd Spotlight project) will enjoy the buff.
*Sub-accounts can’t participate in the token sale as an independent account. However, the KCS holdings and Spot trading volume in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance and total Spot trading volume.
Spotlight Token Sale Timeline:
To participate in the token sale, your KuCoin account needs to meet the following criteria:
Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.
Mechaverse (MC):
Mechaverse is a subsidiary game-fi project of Mechaverse Labs ,a Japanese Web3 entertainment platform with various forms of game like Auto Chess, Battle Royale,3D Fighting, sandbox, conquest and UFO Catcher ,etc. Mechaverse is a Meta-Dimensional Strategy Game-Fi in The Era of Web3,with the NFT authorization of many well-known Japanese IPs.The core team of Mechaverse is consisted by a group of experienced professionals in the area of Crypto, visual design, game development & publication, finance, blockchain, ,digital art , media and branding.
Official Website: https://mechaverse.cc
Twitter: https://twitter.com/metamechaverse
Medium: https://medium.com/@Metamechaverse
Discord: https://discord.com/invite/FY8maA4Ugt
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. It is not investment advice. KuCoin reserves the right of final interpretation of the activity.
Thanks for your support!
The KuCoin Team
Find The Next Crypto Gem On KuCoin!