Announcement of Pikaster (MLS) Token Sale on KuCoin Spotlight
Dear KuCoin Users,
KuCoin will be launching the 22nd Spotlight token sale with Pikaster (MLS) on May 18, 2022 (UTC). The MLS token sale will operate using the proportional distribution model.
Spotlight Token Sale Details: (Subscribe Now)
- Token Name: Pikaster (MLS)
- Spotlight Hard Cap: 180,000 USD
- Spotlight Allocation: 1,500,000 MLS
- Spotlight Token Sale Price: 1 MLS = 0.12 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: 25% will be distributed on the Token Generation Event (TGE), the remaining 75% will be distributed in 25% batches every 2 months from the first distribution (before July 23rd, Sep 23rd, and Nov 23rd)
- Total Token Supply: 200,000,000 MLS
- Initial Circulating Supply: 10,000,000 MLS
- Pikaster Website: https://www.pikaster.com
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 22nd Spotlight, KuCoin will launch a whitelist campaign to exempt the minimum KCS holdings requirement.
- Token Sale Subscription Start Time: 08:00:00 on May 18, 2022 (UTC)
- Token Sale Subscription End Time: 00:00:00 on May 23, 2022 (UTC)
| KCS holdings | Hard Cap Per User |
| < 100 KCS (whitelist required) | 150 USD (1,250 MLS) |
| >= 100 KCS |
*Hard Cap: The max number of tokens you will receive.
The Shares of Qualified Users Will Receive:
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (1,500,000 MLS)
Exclusive Bonus for 22nd Spotlight!
Bonus1: Each whitelist will be given one Pikaster NFT FREE to use for one month!
Bonus 2 (IGO users only): Users who had successfully purchased Pikaster Genesis Mystery Egg in KuCoin 1st IGO will enjoy a bonus coefficient, where their final KCS holdings will be multiplied by 2.
e.g. Alice has purchased one Pikaster Genesis Mystery Egg in the 1st KuCoin IGO. Assume that she holds 100 KCS during the snapshot period and has successfully participated in the 22nd Spotlight. Alice’s final KCS holdings will be counted as:
100 KCS * 2 = 200 KCS
Daily KCS Holdings:
From 16:00:00 on May 19, 2022 to 16:00:00 on May 21, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings on that day (3 snapshots in total). From the snapshot, each user’s daily KCS holdings will be determined. Only users who have a KCS holding equal to or greater than 0.1 KCS from the snapshot and click ‘Participate Now’ during the subscription period will be qualified for the 22nd Spotlight.
*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.
Daily KCS Holding Calculation Rules:
- Main Account * 100%
- Trading Account * 100%
- Finance Account (including locked and unlocked assets) * 100%
Ongoing KuCoin Earn staking programs for KCS (locked assets):
- KCS-FOR-FCD-20D
- KCS-PLATO-30D
Spotlight Token Sale Timeline:
- At 08:00:00 on May 18, 2022 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for MLS.
- At 00:00:00 on May 23, 2022 (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 May 23, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MLS. We highly encourage you to have at least 20 KCS in your Trading Account on May 23, 2022. If the deduction is successful, the MLS will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost.
To participate in the token sale, your KuCoin account needs to meet the following criteria:
- Complete KYC2 (Advanced Verification) before 00:00:00 on May 23, 2022. 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, Mainland China, the Democratic Republic of Congo, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea.
- 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.
Official Website: https://www.pikaster.com
What is Pikaster (MLS) and How Does it Work? | KuCoin Crypto Gem Observer
Watch the Pikaster video on KuCoin YouTube Channel: https://youtu.be/E7Loz_RhxcM
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
This activity is not related to Apple Inc.
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