KuCoin will be launching the 23rd Spotlight token sale with Fracton Protocol (FT) on August 9, 2022 (UTC). The FT token sale will operate using the proportional distribution model.
Spotlight Token Sale Details: (Subscribe Now)
How to Participate
Participants must have an average KCS holding 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.
However, to let more new KCS holders enjoy the 23rd Spotlight, KuCoin will launch a whitelist campaign to exempt the minimum KCS holdings requirement.
To ensure a fair allocation for all participants, there will be a hard cap for the token allocation per user.
|KCS Holding||Hard Cap Per User|
|< 100 KCS (whitelist required)||200 USD (1,000 FT)|
* Hard Cap: The max number of tokens you will receive
The Shares of Qualified Users Will Receive:
(User’s KCS holding / Total KCS holding of all participants) * Total Spotlight Allocation (3,000,000 FT)
Exclusive Bonus for 23rd Spotlight!
From August 9, 2022 to August 11, 2022, users with an average holding of more than 2,000 HIBAYC or 2,000 HIPUNKS will enjoy a KCS holding coefficient, where their final KCS holding will be multiplied by 2.
e.g. Alice has an average amount of 3,000 HIBAYC, assuming that she holds 100 KCS during the snapshot period and has successfully participated in the 23rd Spotlight. Alice’s final KCS holdings will be counted as: 100 KCS * 2 = 200 KCS.
*During the period, KuCoin will take a snapshot of each subscriber’s HIBAYC or HIPUNKS balance each day at 16:00 (UTC).
Daily KCS Holdings:
From 12:00:00 on August 9, 2022 to 00:00:00 on August 11, 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.
*Sub-accounts can’t participate in the token sale as independent accounts. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance.
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.
Click Here and Know More About KuCoin Spotlight.
What is Fracton Protocol (FT)?
Fracton token(FT) holders play a key role in shaping Fracton Protocol’s future permissionless by proposals and votes governance. Fracton Protocol releases the financial attributes from NFT collectibles by fractionalizing NFT and enhancing the liquidity of the NFT market.
Fracton Protocol considers liquidity as an essential key for both decentralized exchanges and centralized exchanges, so Fracton is aiming to build a liquid market and become a solid financial infrastructure of NFT ecosystem. The thing is, designing to fit financial logic is vital as well as the technical utility and scalability.
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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