- KuCoin and MetaJuice collaborate for Spotlight Token Sale featuring VCORE tokens.
- The token sale will operate in a Hold & Gain Lottery Tickets format.
- Participants must hold a minimum of 10 KCS daily and complete Level 3 Identification Verification.
KuCoin, a leading global crypto exchange, is set to launch the 26th Spotlight Token Sale featuring IMVU (VCORE). This exciting opportunity offers projects the chance to be selected as part of KuCoin Spotlight, joining the ranks of other successful projects that have benefited from this prestigious platform.
KuCoin Spotlight has previously showcased top projects, giving them increased visibility and access to a large and engaged user base. Being selected by KuCoin provides projects with a unique opportunity to gain recognition and attract opportunities within the crypto community.
Now, IMVU (VCORE) has been chosen to participate in the Spotlight Token Sale.
The VCORE token, developed by MetaJuice, IMVU’s blockchain division, aims to enhance the IMVU metaverse by leveraging blockchain technology. The token will be crucial in the IMVU metaverse economy, game/social play reward system, NFT minting, purchasing, earning payments, and community-led governance.
The Spotlight Token Sale is scheduled for June 16, 2023, at 00:00 (UTC) and will be operated in a Hold & Gain Lottery Tickets format.
The hard cap for sale is set at $250,000, with a total allocation of 40,000,000 VCORE tokens. There will be 2,500 winning tickets in the lottery, and each user is eligible for a maximum of one winning ticket.
The VCORE tokens awarded to each winning ticket will be 16,000 VCORE, equivalent to $100. The sale price for 1 VCORE will be $0.00625, and the price ratio of KuCoin Token (KCS) will be announced on the day of the Token Sale.
Users must hold a daily average of at least 10 KCS in their accounts to participate in the token sale. The number of tickets awarded to each user depends on their KCS holdings, ranging from one ticket for holdings between 10 and 50 KCS to 15 tickets for holdings of 1,000 KCS or more.
Sub-accounts cannot participate independently, but the tokens held in sub-accounts will be combined with the master account’s holdings to calculate the average daily holdings.
Users who meet the eligibility criteria and successfully participate in the VCORE Spotlight Token Sale can earn additional tickets, up to a maximum of 10, by completing simple tasks. These tasks will be detailed on the KuCoin platform.
The token sale timeline is as follows: the subscription period will run from June 16, 2023, to June 19, 2023 (UTC), during which hourly snapshots of users’ holdings will be taken.
The ticket calculation will occur on June 19, 2023, with the lottery ticket announcement scheduled for 07:00 (UTC) on June 19, 2023. The lottery ticket draw result will be announced at 14:00 (UTC) on the same day.
Token distribution will occur from 02:00 to 09:00 (UTC) on June 20, 2023, and users’ KCS holdings will be deducted accordingly to distribute the VCORE tokens.
It is important to note that participants must complete Level 3 Identification Verification (Face Verification) before June 19, 2023 (UTC) to be eligible for the token sale.
Interested individuals can visit the project’s website and social media channels for more information about the VCORE token. KuCoin reminds participants to comply with the terms of use and the Spotlight Program rules and reserves the right to interpret the program’s final details.
As with any investment, KuCoin advises users to be mindful of the risks of participating in the Spotlight Token Sale. The exchange is not responsible for users’ investment gains or losses and encourages individuals to conduct their research. The KuCoin team expresses gratitude for the support of its users.
Please note that users from restricted regions cannot participate in KuCoin Spotlight and please refer to the official announcement and landing page for more details.
Disclaimer:
Users from certain countries and arrears are not supported for the token purchase. It includes Albania, Barbados, Bosnia and Herzegovina, Burkina Faso, Central African Republic, Cuba, Democratic People’s Republic of Korea, Eritrea, Haiti, Iran, Jamaica, Lebanon, Lybia, Mali, Myanmar, Nicaragua, Canada, Panama, People’s Republic of China, Senegal, Singapore, Somalia, South Sudan, Sudan, Syria, Uganda, United States of America, including all US territories, and Venezuela.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
