Step-by-step Guide to participate Bombie Spotlight

2025/06/10 10:41:46

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Guide to participate in Spotlight

Tap on Spotlight and choose the campaign you are interested in.

If the campaign is in the "Pre-Launch" phase, you may click "Schedule an Event" to set a reminder and get notified when the campaign goes live.

During the "Subcription" phase, click "Subscribe" and select your preferred commitment currency. Once you make your first subscription, the selected currency cannot be changed. Subscriptions with different currencies will no longer be accepted. You may subscribe multiple times using the same currency, as long as the subscription hard cap has not been reached.

Participants who subscribe using KCS are eligible for exclusive discounts, determined by their KCS Loyalty Level. Additionally, flexibly staked KCS under the KCS Staking 2.0 program is supported for direct use in Spotlight subscriptions via the event page without the need for redemption, ensuring a seamless and efficient participation experience.

During the Token Distribution phase, the system will automatically calculate your token allocation based on your share of the total committed funds. Allocated tokens will be credited into your Trading Account, and any unused funds will be refunded to the corresponding subscription accounts.

FAQ

1. What are the requirements to participate in Spotlight?

To participate in Spotlight token sales, users must:

- Complete Identity Verification (KYC)
- Use a main account (sub-accounts and restricted accounts are not eligible)
- Reside in a region not restricted by compliance regulations

KuCoin reserves the right to disqualify users found engaging in fraud, manipulation, or multi-account abuse.

2. How is the conversion rate determined for non-USDT token subscription?

When subscribing with a non-USDT token (e.g., KCS), the conversion rate to the new token is determined by the following three factors: Snapshot Price of the committed token, Subscription Price of the new token, Exclusive Discount based on your loyalty level (if applicable).

Take below KCS Subscription example:

Subscription Price of New Coin: 1 USDT
Snapshot Price of KCS: 10 USDT
KCS Loyalty Discount: 10%
After applying the discount: 1 New Coin = 0.09 KCS

The snapshot price of non-USDT tokens is calculated using the average spot price over the campaign period. The final conversion rate will be announced after the token allocation is completed

3. How are the tokens allocated?

Your token allocation is calculated proportionally based on your committed amount relative to the total funds committed by all users.

Token Allocation = Total Tokens Offered × (Committed Amount ÷ Total Committed Amount by All Users)

Take below KCS Subscription example: Committed Token: 5 KCS Average KCS Spot Price During Campaign: 10 USDT Your Committed Amount: 5 × 10 = 50 USDT This USDT-equivalent value will be used to calculate your share of the total commitment pool.

If the event includes a maximum allocation cap, the final tokens received will not exceed that limit. In oversubscribed events, token allocation will be adjusted proportionally. User may receive fewer tokens than originally expected.

Any unused or excess funds will be automatically refunded to your Trading account or Finance account after the distribution is complete.

4. What is the maximum subscription amount?

Each Spotlight sale may define a maximum subscription cap per user and/or a maximum token allocation cap. Please refer to the announcement for individual campaign as limits vary per campaign based on project goals and tokenomics.

6. Can committed funds be withdrawn?

Once funds are committed to a Spotlight event, they cannot be withdrawn or canceled during the subscription period. If the event is oversubscribed and you receive fewer tokens than the value of your commitment, any unused funds will be automatically refunded to your spot account after the token distribution is completed.