Announcement of IMVU (VCORE) Token Sale on KuCoin Spotlight

Announcement of IMVU (VCORE) Token Sale on KuCoin Spotlight

06/15/2023, 10:00:13

Note: Persons and residents from U.S. and Mainland China are not eligible for participation in the sale or distribution of VCORE.

KuCoin will be launching the 26th Spotlight Token Sale with IMVU (VCORE) at 00:00 on June 16, 2023 (UTC). The VCORE token sale will be operated by Hold & Gain Lottery Tickets format.

Spotlight Token Sale Details:

  1. Spotlight Hard Cap: 250,000 USD
  2. Spotlight Allocation: 40,000,000 VCORE
  3. Total Winning Tickets: 2,500 Tickets
  4. Maximum Winning Tickets per User: 1 Ticket
  5. Total VCORE for Each Winning Ticket: 16,000 VCORE (100 USD)
  6. Spotlight Token Sale Price: 1 VCORE = 0.00625 USD
  7. Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
  8. Token Sale Format: Hold & Gain Lottery Tickets
  9. Spotlight Token Distribution Plan: 1/2 will be unlocked on the Token Generation Event (TGE). After 30 days, an additional 1/2 shall be released, such that all Spotlight allocations are released within one month from the TGE date.

How to Participate: (Register Now)

From 00:00 on June 16, 2023 to 00:00 on June 19, 2023 (UTC), KuCoin will randomly take hourly snapshots of users' KCS total holdings. Winners will be chosen in a lottery draw after the subscription period.

To be eligible for participation, users are required to have a daily average KCS holding of at least 10 KCS. The more holdings a user has, the more tickets they will receive!

The detailed rules are as follows:

≥ 10 KCS; < 50 KCS1
≥ 50 KCS; < 100 KCS2
≥ 100 KCS; < 200 KCS3
≥ 200 KCS; < 300 KCS4
≥ 300 KCS; < 400 KCS5
≥ 400 KCS; < 500 KCS6
≥ 500 KCS; < 600 KCS7
≥ 600 KCS; < 700 KCS8
≥ 700 KCS; < 800 KCS9
≥ 800 KCS; < 900 KCS10
≥9 00 KCS; < 1,000 KCS11
≥ 1,000 KCS15

(*Sub-accounts cannot participate in the Token Sale as independent accounts. However, the tokens held in the Sub-accounts will be combined with the token holdings in the Master account to calculate the Average Daily Holdings.)

👏Additional Bonus: Get Extra Tickets for the Token Sale!

Users who have a daily average KCS holding of at least 10 KCS and successfully participate in the VCORE Spotlight Token Sale can win an additional up to 10 tickets by completing simple tasks. Users may check more details here.

⏰ KuCoin Spotlight Token Sale Timeline

Subscription Period: 00:00 on June 16, 2023 to 00:00 on June 19, 2023 (UTC)

During the subscription period, users' holdings will be calculated in hourly snapshots for each day.

Ticket Calculation: 00:00 on June 19, 2023 to 07:00 on June 19, 2023 (UTC)

Lottery Ticket Announcement: 07:00 on June 19, 2023 (UTC)

Please check your tickets on the Spotlight page.

Lottery Ticket Draw Result: 14:00 on June 19, 2023 (UTC)

Please check if you won the lottery draw through the Spotlight page.

Token Distribution: 02:00 on June 20, 2023 to 09:00 on June 20, 2023 (UTC)

KuCoin will deduct the corresponding amount of KCS from the qualified users’ Trading Account and distribute the corresponding amount of VCORE. If the deduction is successful, the VCORE will be distributed immediately to the users’ Funding Account. Please make sure you have enough KCS in your Trading account; otherwise, your eligibility to purchase in the Spotlight will be lost.

For all lottery winners, we highly recommend depositing at least 20 KCS in your TRADING ACCOUNT during the VCORE token distribution period.

To participate in the Spotlight event, please ensure your account meets the following criteria:

  1. Complete Level 3 Identification Verification (Face Verification) before 00:00 on June 19, 2023 (UTC). Users who fail to pass Level 3 Identification Verification will not be eligible for the subscription to the Spotlight event. (Submit your identity verification at least 6-8 hours prior to the closing of the subscription period.)
  2. The users from the following countries/areas are not supported for the token purchase: Albania, Barbados, Bosnia and Herzegovina, Burkina Faso, Central African Republic, Cuba, Democratic People's Republic of Korea, Eritrea, Haiti, Hong Kong Special Administrative Region, Iran, Jamaica, Lebanon, Lybia, Mali, Myanmar, Canada, Panama, People's Republic of China, Singapore, Somalia, South Sudan, Sudan, Syria, Uganda, United States of America, including all US territories, Thailand and Venezuela.
  3. Purchase Agreement Signed.
  4. After completing the steps above, make sure to click the ‘Register button on the Spotlight page.

Learn More About MetaJuice on IMVU

IMVU is a pioneer in the metaverse space, operating community-run virtual worlds since 2004 with millions of global monthly active users and a dynamic community lead economy. The VCORE token, developed by MetaJuice, IMVU's blockchain division, aims to unlock metaverse value through blockchain-driven assets.

As an ERC-20 token, VCORE launches into the IMVU metaverse with a number of capabilities/upgrades that VCORE will enable for IMVU's global community. VCORE will do this by becoming an important part of: the IMVU metaverse economy, the game/social play reward system, NFT minting and purchasing, paying earners, and delivering community-led governance.

MetaJuice on IMVU Project Links




Please note:

1. KuCoin reserves the right to disqualify and revoke the tickets for participants who engage in dishonest or abusive activities during this activity. This includes bulk-account registrations to farm additional rewards and any other activity in connection with unlawful, fraudulent, or harmful purposes.

2. All participants must strictly abide by the KuCoin Terms of Use and KuCoin Spotlight Terms of Use.

3. KuCoin reserves the right to the final interpretation of the Spotlight Program.

4. Where any discrepancy arises between the translated and original English versions, the English version shall prevail.

5. This activity is not related to Apple Inc.

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. KuCoin reserves the right to the final interpretation of the activity.

Thanks for your support!

The KuCoin Team

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