Dear KuCoin Users,
KuCoin will be launching the 21st Spotlight token sale with Aurigami (PLY) on April 29, 2022 (UTC). The PLY token sale will operate using the proportional distribution model.
How to Participate
Participants must have an average daily KCS holdings 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.
|Minimum KCS holdings for eligibility||Hard Cap Per User|
|100 KCS||300 USD (60,000 PLY)|
*Hard Cap: The max number of tokens you will receive
The Shares of Qualified Users Will Receive (Users must meet the minimum average daily KCS holdings):
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (200,000,000 PLY)
Daily KCS Holdings:
From 16:00:00 on May 2, 2022 to 16:00:00 on May 4, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings on that day (3 snapshot in total). From the snapshot, each user’s daily KCS holdings will be determined. Only users who have an KCS holdings equal or greater than 100 from snapshot and click ‘Participate Now’ during the subscription period will be qualified to the 21st Spotlight.
To enroll more users in Spotlight, KuCoin has rolled out the Spotlight Trial Fund to minimize the threshold of one of the most popular token sales. 1,000 lucky users will be able to win Spotlight Trial Funds, which provide a 100 KCS quota for participating in the 21st token sale on KuCoin.
*Spotlight Trial Fund is a virtual points allocation which can be used to participate in KuCoin Spotlight . When this Spotlight Trial Fund is active, your account will be treated as if it has '100 KCS' holdings for eligibility, which provides a 100 KCS quota for participating in the next token sale (Spotlight) on KuCoin.
1 Spotlight Trial Fund = 1 KCS Holding for 21st Spotlight Subscription
*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:
Ongoing KuCoin Earn staking programs for KCS (locked assets):
Spotlight Token Sale Timeline:
Please note that the amount of PLY 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:
Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.
Aurigami (PLY) is a decentralized, non-custodial, native money market on Aurora. Aurigami offers money market services such as deposit and collateralized lending, which enables users to effortlessly lend, borrow, and earn interests with their digital assets. Aurigami’s aspiration is to become the foundation of a thriving DeFI ecosystem by being the leading liquidity aggregator on Aurora.
Aurigami currently supports 8 largest assets in the Aurora ecosystem. It is one of the leading protocols by TVL on Aurora with $800m Liquidity.
Official Website: https://aurigami.finance/
Project Introduction Video: https://youtu.be/nlaYXS89aRc
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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