KuCoin Exchange will be launching the 16th Spotlight token sale with Victoria VR (VR) on November 29, 2021 (UTC). The new round of the VR token sale will operate using the proportional distribution model. KuCoin Spotlight is same LauchPad on Binance Exchange or Primelist on Huobi Exchange or LaunchPad on MEXC Exchange.
What is Kucoin Spotlight?
KuCoin has been persistent in its pursuit of finding and supporting blockchain projects with real potential. KuCoin’s vision brings Spotlight to the stage. KuCoin Spotlight aims to assist blockchain projects in raising the needed funds, attracting market attention and improving industrial influence.
Users must complete identity authentication (KYC) in advance, before their purchase. To comply with local regulations, users in some countries and regions cannot participate in the sale.
Victoria VR (VR) Introduction
Victoria VR is an online metaverse, a massively multiplayer online role-playing game (MMORPG) with realistic graphics on an unrealistic engine powered by blockchain technology. Victoria VR is created and owned by its users and is the first blockchain-based MMORPG.
Victoria VR turns the world into a universal platform and an NFT paradise where you can experience travel, education, gaming, rest, entertainment, commerce, and eventually live. It has transformed the old narrative of the play-to-earn model into a never-ending live-to-earn model economy and rewards users and stakers.
A vast and ever-expanding decentralised autonomous organisation (DAO) controls Victoria VR world with the native VR token used to govern it.
How to Participate?
Participants must have KCS holdings of at least 100 KCS, where their final allocation of the new token is determined by the portion of their KCS holdings against the total 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.
- Token Sale Subscription Start Time: 12:00:00 on November 29, 2021 (UTC)
- Token Sale Subscription End Time: 00:00:00 on December 2, 2021 (UTC)
|Minimum KCS holdings for eligibility||Hard Cap Per User|
|100 KCS||300 USDT (101,694.91 VR)|
*Hard Cap: The max number of tokens your will receive
The Shares You Will Receive:
(User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (101,694,915 VR)
Step by step for Participate KuCoin Spotlight
Step 1: Complete KYC2 (Advanced Verification)
Complete KYC2 (Advanced Verification) before 00:00:00 on December 2, 2021 (UTC). If you fail to pass KYC2, then you will not be eligible for the token sale subscription.
Step 2: Sign Country support
Click The Spotlight Page for Sign
The following countries/areas are not supported for the purchase: Belarus, Myanmar, Ivory Coast, Cuba, Mainland China, Democratic Republic of Congo, Republic of Congo, Iran, Iraq, Liberia, North Korea, Syria, Venezuela, Yemen, Zimbabwe, United States, U.S. Outlying Islands, Japan, Canada, East Timor, Cambodia, Laos, Tanzania, Serbia, Tunisia, Uganda, Mali, Afghanistan, Albania, Central African Republic, Somalia, Malawi, Mozambique, Kyrgyzstan, Bosnia and Herzegovina, Uzbekistan, Turkmenistan, Burundi, South Sudan, Sudan (North), Republic of Guinea, Guinea South Africa, the Republic of Northern Macedonia, the Lebanese Republic, Kosovo, Libya, Ethiopia, Sri Lanka, Trinidad and Tobago, Barbados, Botswana, Ghana, Jamaica, Mauritius, Pakistan, Nicaragua, Panama, Republic of Vanuatu (VUT)
Step 3: Sign Purchase Agreement
Step 4: Participate Now
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.
From 16:00:00 on November 29, 2021 to 16:00:00 on December 1, 2021 (UTC), KuCoin will take a snapshot of each users’ KCS holdings each day at 16:00 (UTC). From these daily snapshots, each user’s KCS Holdings (the average from the 3 holding snapshots) will be determined.
*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:
- Main Account * 100%
- Trading Account * 100%
- Pool-X Account (including locked and unlocked assets) * 100%
Ongoing Pool-X staking programs for KCS (locked assets):
Spotlight Token Sale Timeline:
- At 12:00:00 on November 29, 2021 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for VR.
- At 00:00:00 on December 2, 2021 (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 December 2, 2021 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of VR. Please ensure you have at least 20 KCS in your Trading Account on December 2, 2021. If the deduction is successful, the VR will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost.
Please note that the amount of VR shares you will receive is based on your average daily KCS holdings.
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⚠️⚠️⚠️ Important note: Must do your own research before investing in any Project & invest at your own risk, that you can afford to lose!