Announcement of Tokoin (TOKO) Token Sale on KuCoin Spotlight
Dear KuCoin Users,
KuCoin will launch the fifth round of the Spotlight token sale with Tokoin (TOKO) on August 23, 2019 (UTC+8). The new round of TOKO token sale will be implemented with lucky ticket acquisition and token allocation rules. (see below).
Click here to participate:
First Round ：https://www.kucoin.com/spotlight/84
Second Round ：https://www.kucoin.com/spotlight/85
Spotlight Token Sale Details:
- Token Name: Tokoin (TOKO)
- Token Type：ERC-20
- Token Sale Participation Start Time：August 20, 2019（UTC+8）
- Token Sale Participation End Time：August 23, 2019, 09:59:59（UTC+8）
- Spotlight Hard Cap: 1,000,000 USD
- Spotlight Allocation: 50,000,000 TOKO
- Spotlight Token Sale Price: 1 TOKO = 0.02 USD
- Token Supported: KuCoin Shares (KCS) Only
- Price Ratio: The actual price ratio of KCS will be announced on the day of the token sale .
- Token Sale Format：Lucky Ticket and Allocation Mode
- KCS Payment Time: August 23, 2019, 17:00 (UTC+8), the payment will not be repeated if the initial payment was failed due to insufficient KCS in the Trading Account.
- Spotlight Token Distribution: August 23, 2019, 18:00（UTC+8）
- Open Trading：August 23, 2019, 21:00（UTC+8）
- Total Token Supply: 2,000,000,000 TOKO
- Initial Circulating Supply: 3.2%
- Private Sale Allocation: 13.75% of Total Token Supply
- Private Sale Token Price (1st Tier): 1 TOKO = 0.027 USD
- Private Sale Token Price (2nd Tier): 1 TOKO = 0.030 USD
- Private Sale Token Price (3rd Tier): 1 TOKO = 0.036 USD
- Private Sale Token Price (4th Tier): 1 TOKO = 0.040 USD
- Private Sale Token Price (5th Tier): 1 TOKO = 0.045 USD
- Private Sale Vesting Period: 0.14% will be unlocked when listing and the remainder will be gradually released over the next 11 months.
- Flash Sale Token Price: 1 TOKO = 0.054 USD
- Flash Sale Allocation: 0.56%
- Flash Sale Vesting Period: Released
- TOKO Website：https://www.tokoin.io/
- TOKO Whitepaper：https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
- TOKO Telegram：https://t.me/TokoinGlobal
First round: Lucky Ticket Acquisition
Total allocation: 300,000 USD（15,000,000 TOKO）
Allocation Per Winning Ticket: 500 USD (25,000 TOKO)
Criteria: Users who participated in the KCS Lockup & Cashback Program and Burn Plan,and locked 1,000 KCS or more.
How to play: Please proceed to the participation application on the exclusive reservation page before August 23, 2019, 09:59:59(UTC+8).
Ticket allocation: Based on the amount of locked KCS, the number of tickets is varied. See the below rules to know more:
|Locked KCS||No. Of Tickets|
|1000<= KCS <3000||1|
|3000<= KCS <5000||3|
|5000<= KCS <8000||6|
Ticket rules: Each user can win at most 1 ticket and the allocation per winning ticket is 500 USDT worth of the TOKO (fixed amount)
Result release time: August 23, 2019, 15:00 (UTC+8)
Second round: Allocation Mode
Total allocation: 700,000 USD（35,000,000 TOKO）
Maximum allocation per user: 500 USD (25,000 TOKO)
Criteria: All users except the winners of the first round.
How to play: Please proceed to the second round participation application on the exclusive reservation page before August 23, 2019, 09:59:59 (UTC+8).
Condition: Any user with a token holding value of over 300 USDT is eligible to participate in the TOKO allocation. Please check below for the detailed calculation formula:
Individual Token Holding Value (in USDT price) = User's holding of KCS * 3 + User's holding of BTC + User's holding of ETH + User's holding of USDT
Eligible allocation per user: Total 700,000 USDT allocation is divided based on the individual’s token holding value, individual allocation hard cap is 500 USDT. Please check below for the detailed calculation formula:
Eligible allocation per user=Individual Token Holding Value / Sum of all participants’ Individual Token Holding Value * 700,000 USDT
*The token holding data involved in the above formula is subject to the snapshot of platform users’ total KCS (including locked KCS), USDT, BTC and ETH holding amount in both the Main and Trading account on August 23, 2019, 10:00 (UTC+8).
*The converted USDT price involved in the above formula is subject to the closing price of KCS/USDT, BTC/USDT, ETH/USDT on KuCoin on August 23, 2019, 09:00 (UTC+8).
*The allocation will not be granted if the allocated purchasable TOKO for an individual is less than 1 USDT.
Allocation release time: August 23, 2019, 15:00 (UTC+8)
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