Introducing the 27th KuCoin Fractional NFT - Fractionalized Bored Ape Kennel Club: Limited Sale of 4,666,667 hiBAKC
05/23/2023, 17:06:52
We are honored to introduce our 27th project on KuCoin Fractional NFTs - hiBAKC. The subscription to this exclusive NFT event will start at 09:00:00 on May 25, 2023 (UTC). The hiBAKC token sale will operate using a new rule, with 2 rounds of subscriptions!
The 27th project of the Fractional NFTs Platform will be featured in the Bored Ape Kennel Club collectibles. hiBAKC is an ERC-20 token representing 1/1,000,000 ownership of a Bored Ape Kennel Club in the Meta-Swap pool of Fracton Protocol.
Subscription Period: 09:00:00 on May 25, 2023 - 11:00:00 on May 25, 2023 (UTC)
Fractionalized Fungible Token Sale Details:
- 1 Bored Ape Kennel Club = 1,000,000 hiBAKC
- Initial Total Supply: 6,000,000 hiBAKC (1,333,333 hiBAKC will be allocated as free rewards)
- Total Subscription Amount: 4,666,667 hiBAKC
- Token Sale Price: 1 hiBAKC = 0.0075 USDT
- Token Type: ERC-20
- Token Sale Format: Whitelisting
- Trading Pair: hiBAKC/USDT
Token Sale Timeline:
Users who meet the whitelisting requirement will be able to purchase hiBAKC by issuing a price (0.0075 USDT) on KuCoin with just one click. To ensure a fair allocation for all participants, there will be a set hard cap for the token subscription per user.
- First Round: 09:00 - 09:15 on May 25, 2023 (UTC)
- Second Round: 10:00 - 11:00 on May 25, 2023 (UTC)
| Requirement for Whitelisting | Available | Individual Hard Cap | |
| First Round (Ended) | Have an average FT holding amount of ≥ 1,400 | 3,000,000 | 4,000 hiBAKC |
| Second Round (Subscribe Now) | Have an average FT holding amount of ≥ 500 | 1,666,667 | 2,000 hiBAKC |
FT Holdings Calculation Rules:
From 12:00:00 on May 23, 2023 to 00:00:00 on May 25, 2023 (UTC), KuCoin will randomly take 2 snapshots of each user's FT holdings. (FT average holding amount = Total holding amount of 2 snapshots / 2)
*During the period, KuCoin will undergo rigorous inspection during the activity, and the platform reserves the right to cancel the qualification of the participants.
Why Choose Fractionalized Fungible Tokens?
- Low Investment Barrier: The super rare blue-chip NFTs will become very easy to obtain after it is split, allowing everyone to participate in this one of the most popular investments at the moment.
- Centralized Experience: Without a complicated on-chain process, users can directly purchase these Fractional NFTs using the balance in their trading account.
- Trading on KuCoin Marketplace: Fractionalized fungible token. The Bored Ape Kennel Club issued on KuCoin will be tradable on spot trading after the token sale and will have world-class liquidity in multiple trading pairs.
About Fracton Protocol
Fracton Protocol is an NFT liquidity infrastructure with a two-step fractionalization (ERC721-ERC1155-ERC20), and it provides permissionless liquidity and oracle for all kinds of NFTs. Based on a deeply reformed ERC1155 middle layer standard, Fracton is building a non-status smart contract system to increase the protocol’s efficiency, lower gas fees, and maximize asset security. To know more about Fracton Protocol, click here.
Website: https://www.fracton.cool/
Twitter: https://twitter.com/FractonProtocol
Discord: https://discord.com/invite/GzV8cx8QyZ
Medium: https://medium.com/@FractonProtocol
Notes:
- The deposits and withdrawals will be supported for all fractionalized fungible tokens (FFT).
- The remaining subscription amount on Round 1 will be added to Round 2.
- Users who successfully participated (purchased) in the Round 1 of the token sale can’t participate in the Round 2.
- The total sale will be conducted in the flash sale format, and the total initial supply is limited; please ensure a sufficient balance in your Trading account.
- Users will be able to trade their FFTs in the Spot market.
- The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered with, or influenced the user's decision in any form.
- Where any discrepancy arises between the translated and original English versions, the English version shall prevail.
Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market closing or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens — The Bored Ape Kennel Club before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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