Announcement of Cryowar (CWAR) Token Sale on KuCoin Spotlight
Dear KuCoin Users,
KuCoin will be launching the 15th Spotlight token sale with Cryowar (CWAR) on November 10, 2021 (UTC). The new round of the CWAR token sale will operate using the proportional distribution model.
Spotlight Token Sale Details: (Subscribe Now)
- Token Name: Cryowar (CWAR)
- Spotlight Hard Cap: 200,000 USDT
- Spotlight Allocation: 7,142,858 CWAR
- Spotlight Token Sale Price: 1 CWAR = 0.028 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: 20% will be unlocked on Token Generation Event (TGE), then the remaining 80% will be on monthly linear vesting for 6 months. (KuCoin will distribute the remaining 80% before the 20th day of each month, each month 13.33%.)
- Total Token Supply: 1,000,000,000 CWAR
- Initial Circulating Supply: 22,285,714 CWAR
- Cryowar Website: https://cryowar.com/
How to Participate
Participants must have KCS holdings of at least 100 KCS, where their final allocation of the new token is determined by the portion of their KCS holdings against the total 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 November 10, 2021 (UTC)
- Token Sale Subscription End Time: 00:00:00 on November 12, 2021 (UTC)
|Minimum KCS holdings for eligibility||Hard Cap Per User|
|100 KCS||300 USDT (10,714.28 CWAR)|
*Hard Cap: The max number of tokens your will receive
The Shares You Will Receive:
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (7,142,858 CWAR)
From 16:00:00 on November 10, 2021 to 16:00:00 on November 11, 2021 (UTC), KuCoin will be randomly taking 2 daily snapshots of KCS holdings. From these daily snapshots, each user’s KCS Holdings (the average from the 2 holding snapshots) will be determined.
*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):
Spotlight Token Sale Timeline:
- At 12:00:00 on November 10, 2021 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for CWAR.
- At 00:00:00 on November 12, 2021 (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 November 12, 2021 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of CWAR. Please ensure you have at least 20 KCS in your Trading Account on November 12, 2021. If the deduction is successful, the CWAR 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 CWAR 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 November 12, 2021 (UTC). 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, Serbia, Tunisia, Uganda, Mali, Afghanistan, Albania, Central African Republic, Somalia, Malawi, Mozambique, Kyrgyzstan, Bosnia and Herzegovina, Uzbekistan, Turkmenistan, Burundi, South Sudan, Sudan (North), Republic of Guinea, Guinea South Africa, the Republic of Northern Macedonia, the Lebanese Republic, Kosovo, Libya, Ethiopia, Sri Lanka, Trinidad, and Tobago. Barbados, Botswana, Ghana, Jamaica, Mauritius, Pakistan, 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.
CRYOWAR: NEXT-GEN BLOCKCHAIN MULTIPLAYER GAME
CRYOWAR is a real-time multiplayer PVP arena NFT game developed in Unreal Engine and on the Solana network. Players engage in fierce multi-realm battles in an expansive Sci-Fi Medieval game world. CRYOWAR is an all-out battle of skill where the best players are in the constant battle for resources, territories, and world domination. Every player will have the unique opportunity to protect their realm and gain tremendous rewards in the process. Only the strongest will crown the leaderboards. CRYOWAR is currently under development for PC, iOS, and Android with cross-platform multiplayer.
Official Website: https://cryowar.com/
Join the Community: https://t.me/cryowar
Know More About Cryowar (CWAR)
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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