Announcement of ClearDAO (CLH) Token Sale on KuCoin Spotlight
12/31/2021, 15:30:08
Dear KuCoin Users,
KuCoin will be launching the 18th Spotlight token sale with ClearDAO (CLH) on January 5, 2022 (UTC). The CLH token sale will operate using the proportional distribution model.
Spotlight Token Sale Details: (Subscribe Now)
- Token Name: ClearDAO (CLH)
- Spotlight Hard Cap: 200,000 USDT
- Spotlight Allocation: 20,000,000 CLH
- Spotlight Token Sale Price: 1 CLH = 0.01 USDT
- Token Supported: KuCoin Token (KCS) Only
- Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
- Token Sale Format: Proportional Distribution Model (PDM)
- Spotlight Token Distribution: 10% will be unlocked on the Token Generation Event (TGE), and the remaining 90% will be distributed in 10% batches every 14 days from the 1st distribution.
- Total Token Supply: 1,000,000,000 CLH
- Initial Circulating Supply: 47,374,690 CLH
- ClearDAO Website: https://cleardao.com
How to Participate
Participants must have an average daily KCS holdings of at least 100 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily KCS holdings by all participating users. To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user.
- Token Sale Subscription Start Time: 12:00:00 on January 5, 2022 (UTC)
- Token Sale Subscription End Time: 00:00:00 on January 7, 2022 (UTC)
| Minimum KCS holdings for eligibility | Hard Cap Per User |
| 100 KCS | 200 USDT (20,000 CLH) |
*Hard Cap: The max number of tokens you will receive
The Shares of Qualified Users Will Receive (Users must meet the minimum average daily KCS holdings):
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (20,000,000 CLH)
Daily KCS Holdings:
From 16:00:00 on January 5, 2022 to 16:00:00 on January 6, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings each day (2 snapshots in total). From these snapshots, each user’s daily KCS holdings (the average from the 2 holding snapshots) will be determined. Only users who have an KCS holdings over 100 from the 2 snapshots and click ‘Participate Now’ during the subscription period will be qualified to the 18th Spotlight.
*Sub-accounts can’t participate in the token sale as an independent account. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance.
Daily KCS Holding Calculation Rules:
- Main Account * 100%
- Trading Account * 100%
- Pool-X Account (including locked and unlocked assets) * 100%
Ongoing Pool-X staking programs for KCS (locked assets):
- KCS-Beta
- KCS-FOR-FORWARD-20D
- KCS-RACEFI-30D
- KCS-FOR-FALCONS-20D
Spotlight Token Sale Timeline:
- At 12:00:00 on January 5, 2022 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for CLH.
- At 00:00:00 on January 7, 2022 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants.
- From 08:00:00 to 09:00:00 on January 7, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of CLH. Please ensure you have at least 10 KCS in your Trading Account on January 7, 2022. If the deduction is successful, the CLH will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost.
Please note that the amount of CLH shares you will receive is based on your average daily KCS holdings.
To participate in the token sale, your KuCoin account needs to meet the following criteria:
- Complete KYC2 (Advanced Verification) before 00:00:00 on January 7, 2022. If you fail to pass KYC2, then you will not be eligible for the token sale subscription.
- The following countries/areas are not supported for the purchase: Belarus, Myanmar, Ivory Coast, Cuba, Mainland China, Democratic Republic of Congo, Republic of Congo, Iran, Iraq, Liberia, North Korea, Syria, Venezuela, Yemen, Zimbabwe, United States, U.S. Outlying Islands, Japan, Canada, East Timor, Cambodia, Laos, Tanzania, Uganda, Mali, Afghanistan, Albania, Central African Republic, Somalia, Malawi, Mozambique, Kyrgyzstan, Bosnia and Herzegovina, Uzbekistan, Turkmenistan, Burundi, South Sudan, Sudan (North), Republic of Guinea, South Africa, the Republic of Northern Macedonia, the Lebanese Republic, Kosovo, Libya, Barbados, Botswana, Ghana, Jamaica, Mauritius, Nicaragua, Panama
- Purchase Agreement Signed.
- After completing the steps above, please be sure to click the ‘Participate Now’ button on the Spotlight page.
Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.
ClearDAO (CLH): Decentralized Derivative Factory
ClearDAO is taclking the DeFi derivatives space by building the infrastructure for customizable derivatives. The Clear SDK provides templates and tools that enable developers and traders to easily create options, notes, futures, and swaps and launch marketplaces to facilitate the trading of these products. We are building a multi-chain ecosystem where member exchanges offer unique derivative products, all powered by ClearDAO.
Official Website: https://cleardao.com
Join the Community: https://t.me/cleardao
Twitter: https://twitter.com/clear_dao
Medium: https://medium.com/@clear_dao
Know More About ClearDAO (CLH)
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
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