Daniel from Improve Press
Highlight Launch – 12:00:00 on September 2, 2022 (UTC): KuCoin will launch the Pre-Highlight Token Sale
KuCoin shall be launching the twenty fourth Highlight token sale with Mechaverse (MC) on September 5, 2022 (UTC). The MC token sale will function utilizing the proportional distribution mannequin.
Study extra about Mechaverse (MC)
Highlight Token Sale Particulars:
- Token Title: Mechaverse (MC)
- Highlight Laborious Cap: 600,000 USD
- Highlight Allocation: 6,000,000 MC
- Highlight Token Sale Worth: 1 MC = 0.1 USD
- Token Supported: KuCoin Token (KCS) Solely
- Worth Ratio: The precise worth ratio of KCS shall be introduced on the day of the Token Sale
- Token Sale Format: Proportional Distribution Mannequin (PDM)
- Highlight Token Distribution: 50% shall be distributed on the Token Technology Occasion (TGE), then 50% shall be distributed within the second month (earlier than the twenty fifth of that month).
- Whole Token Provide: 200,000,000 MC
- Preliminary Circulating Provide: 3,000,000 MC
- Mechaverse Web site: https://mechaverse.cc
Take part
- Primary Rule: From 12:00:00 on September 5 to 00:00:00 on September 7, 2022 (UTC), members should have a median day by day KCS holdings of at the very least 10 KCS, the place their closing allocation of the brand new token is decided by the portion of their common day by day KCS holdings towards the overall common day by day KCS holdings by all taking part customers.
- Spot Buying and selling Buff: From 12:00:00 on September 2 – 16:00:00 on September 6, 2022 (UTC), members’ Spot buying and selling quantity on KCS, FT, SOL, MATIC, ATOM, AVAX, OP, NEAR, DOT, FLOW shall be calculated as Spot Buying and selling Buff, which is able to enhance the KCS holdings exponentially.
- FT Holding Buff: From 12:00:00 on September 5 to 00:00:00 on September 7, 2022 (UTC), members who’ve a median holding quantity of at the very least 30 FT (23th Highlight challenge), their KCS holdings will multiply 110% as well as.
To make sure a good allocation for all members, there shall be a set laborious cap for the token allocation per person.
- Token Sale Subscription Begin Time: 12:00:00 on September 5, 2022 (UTC)
- Token Sale Subscription Finish Time: 00:00:00 on September 7, 2022 (UTC)
| Minimal Common KCS holdings for eligibility | Laborious Cap Per Consumer |
| 10 KCS | 150 USD (1,500 MC) |
* Laborious Cap: The max variety of tokens you’ll obtain.
The Shares of Certified Customers Will Obtain
(Consumer’s KCS holdings * Spot Buying and selling Buff / Whole KCS holdings with Spot Buying and selling Buff of all members) * Whole Highlight Allocation (6,000,000 MC)
* If members’ common FT (23th Highlight challenge) holding quantity is greater than 30, the shares will multiply *110%.
Spot Buying and selling Buff Coefficient Breakdown:
| $ Buying and selling Quantity 12:00:00 on Sep.2 – 16:00:00 on Sep.6 (UTC) |
Spot Buying and selling Buff |
| ≥ 200 USD | KCS Holding * 1.1 |
| ≥ 400 USD | KCS Holding * 1.2 |
| ≥ 600 USD | KCS Holding * 1.3 |
| Each 200 USD buying and selling quantity achieved, the coefficient will plus 0.1 | |
| ≥ 8,000 USD | KCS Holding * 5 |
In keeping with the tokens which members commerce, KuCoin will calculate the buying and selling quantity with totally different coefficients:
| Token | Buying and selling Quantity Calculation |
| KCS | Buying and selling quantity * 150% |
| FT (23th Highlight challenge) | Buying and selling quantity * 110% |
| SOL, MATIC, ATOM, AVAX, OP, NEAR, DOT, FLOW | Buying and selling quantity * 100% |
