Announcements per announcements have been out regarding our upcoming big thing. On 23rd August 2019, Tokoin will be on the fifth round of the KuCoin’s Spotlight program. In order to participate in this Spotlight program and in order to make sure that you won’t miss the chance to get TOKO Token, here are all the things you need to know about Tokoin’s upcoming token sale on KuCoin’s Spotlight:
Schedule:
1. 20th August 2019: Token Sale Participation time, starts!
The token sale participation time means that before you will be able to get TOKO Token at KuCoin, you should reserve your spot to be able to do that. There will be 2 rounds of this process. The first round will have the total allocation of: 300,000 USD or 15,000,000 TOKO Token. In the first round, the maximum allocation per winning ticket will be: 500 USD (25,000 TOKO)
Here is the detail for the locked KCS and number of Tickets that you will get:
| Locked KCS | No. Of Tickets |
| 1000<= KCS <3000 | 1 |
| 3000<= KCS <5000 | 3 |
| 5000<= KCS <8000 | 6 |
| KCS >=8000 | 10 |
For this first round, the result release time will be on August 23, 2019, 2 PM (GMT+7).
If you didn’t get the ticket on the first round, there will still be the second round. The second round will have a total allocation of 700,000 USD or 35,000,000 TOKO Token. The maximum allocation per user will still be the same, which is 500 USD or 25,000 TOKO Token. The criteria for who can participate in this round is all users except the winners of the first round.
To participate here, you must hold either BTC, ETH, USDT or KCS with the minimum value of 300 USDT.To get your individual Token Holding Value (in USDT price) will be = User’s holding of KCS * 3 + User’s holding of BTC and ETH + User’s holding of USDT.
Your both main account and the trading account will be counted, and the maximum purchase per user is still 500 USDT. And here’s how to calculate your eligible allocation:
Eligible allocation per user=Individual Token Holding Value / Sum of all participants’ Individual Token Holding Value * 700,000 USDT
Example: if you have the token holding value of 300 USDT, and the total sum of all participants’ individual token holding value is 2,000,000; so the calculation will be = 300 / 2,000,000 * 700,000 USDT = 105 USDT.
If what you lock is in KCS, so the value will be multiplied 3 times. So 105 USDT * 3 = 315 USDT.
*The converted USDT price involved in the above formula is subject to the closing price of KCS/USDT, BTC/USDT, ETH/USDT on August 23, 2019, 09:00 (UTC+8) or 8 AM (GMT+7), and the allocation release time will be on August 23, 2019, 2:30 PM (GMT+7).
To take note also, before you will be able to participate in the token sale participation time, you should already finish your KYC at KuCoin. Here is how to do KYC at KuCoin: FAQ about KuCoin’s KYC Process
2. Token Sale Participation will end on August 23, 2019, 9 AM (GMT+7)
3. After you finish all the Token sale participation process and get your slot, you can start your KCS Payment starting from August 23, 2019, at 4 PM (GMT+7).
Make sure you have a sufficient KCS in your account, otherwise you will fail in this payment process and there won’t be any chance to repeat.
4. The TOKO Token will start to be distributed from August 23, 2019, at 5 PM (GMT+7)
5. The trading will start to open on August 23, 2019, at 8 PM (GMT+7).
If you still don’t get the chance to get you TOKO Token through this spotlight program, DON’T WORRY! Once TOKO token will be open for trading on KuCoin exchange platform, it also means that you can still get TOKO Token through the secondary market, which is through trading on the KuCoin exchange platform.
Got questions? Ask us on our discussion group: Tokoin Global
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