Kucoin joined the Initial Exchange Offering sector with Kucoin Spotlight.
It aims to assist blockchain projects in raising the needed funds, attracting market attention and improving industrial influence.
Kucoin Spotlight Requirements
- On Kucoin Spotlight, tokens can be bought with only Kucoin Shares (KCS).
- The Spotlight token sale is on a first-come, first-served basis.
- The Multivac token sale will begin on April 3rd.
- The sale will be based on KCS and the actual price in KCS will be announced on the day of sale.
- KYC verification is necessary.
- Some countries cannot participate in the sale.
Kucoin Spotlight – MultiVac Sale Details
Ticker: MultiVac (MTV)
Total Amount: 10,000,000,000
Spotlight Amount: 600,000,000
Token Supported: KuCoin Shares (KCS)
Price Ratio: 1 MTV = 0.006 USD (The actual price ratio of KCS will be announced on the day of the Token Sale)
Start Time: April 3rd, 2019, 22:00:00 UTC+8
Purchase Rule: First come, first serve
For each KuCoin account
Min. Purchase: 180 USD
Max Purchase: 3600 USD
The following countries/areas can’t purchase MTV:
the United States of America, Canada, New Zealand, Thailand, Japan, Mainland China, Bahamas, Botswana, Cuba, Democratic People’s Republic of Korea, Ghana, Serbia, Tunisia, Somalia, Zimbabwe, South Sudan, Sudan (north), Sudan (Darfur), Iran, Iraq, Libya, Syria, Eritrea, Ethiopia, Yemen, Sri Lanka, Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Côte d’Ivoire, Democratic Republic of the Congo, Guinea, Guinea-Bissau, Lebanon, Liberia, Myanmar, Pakistan, Nicaragua, Republic of Macedonia, Trinidad & Tobago, Tunisia, Uganda, Ukraine and Venezuela
A Summary of MultiVAC
MultiVAC aims to produce high TPS to enable decentralized applications (dApps) with using sharding (similar to Ziliqa, Quarkchain and Emotiq).
MultiVac differs itself from Ziliqa and Emotiq with Verifiable Random Functions (VRF). It is a sharding model for transactions, computation, and storage.