KuCoin, the home of crypto gems, has unveiled its 27th Spotlight Token Sale featuring the Lifeform (LFT) token. This latest KuCoin Spotlight sale will adopt a "Hold & Gain Lottery Tickets" format, where users can acquire lottery tickets based on their holdings, offering a unique chance to participate in the burgeoning decentralized digital identity solutions that Lifeform provides.
Check out the official announcement about the Lifeform (LFT) token sale on KuCoin Spotlight.
Key Details of the Lifeform (LFT) Token Sale
- Hard Cap: The Spotlight has a hard cap of 150,000 USDT.
- Token Allocation: A total of 5,000,000 LFT tokens are available.
- Price per Token: LFT is priced at 0.03 USDT per token.
- Winning Tickets: There are 3,000 winning tickets, with a maximum of one ticket per user.
- Token Distribution: Tokens will be fully vested at the Token Generation Event (TGE).
How to Participate in Lifeform (LFT) Sale on KuCoin Spotlight
Lifeform token sale participants must have their USDT and KuCoin Shares (KCS) balances snapshotted hourly from May 6 to May 12, 2024. These holdings' average net asset value (NAV) will determine the number of lottery tickets a user can receive. This balance includes a boost in value by 50% for KCS holdings, thanks to a 1.5 coefficient assigned to the currency, enhancing the tickets a user can gain. A minimum average NAV of $50 is required to enter, with further tickets allocated at higher balance thresholds.
Learn more about KuCoin Spotlight and how to get started.
Subscription Timeline
- Subscription Period: May 6, 10:00 AM UTC to May 12, 4:00 PM UTC.
- Ticket Calculation: Concludes on May 13, 10:00 AM UTC.
- Lottery Results: Announced on May 14, 10:00 AM UTC.
- Token Distribution: Scheduled for May 15, between 8:00 and 11:00 AM UTC.
Eligibility Requirements
Participants must complete their KYC verification by 4:00 PM UTC on May 12. Additionally, users from certain regions, including the USA, Canada, and some European and Asian countries, are restricted from purchasing tokens due to regulatory reasons.
About Lifeform
Lifeform empowers individuals to navigate the digital realm securely and seamlessly through decentralized solutions. Their approach to integrating the next billion users into the web3 revolution holds significant promise for expanding the accessibility of digital services.
Conclusion
This Spotlight sale offers an exciting opportunity for KuCoin users to invest early in a project poised for growth. Participants should comply with all eligibility criteria and be aware of the investment risks associated with high-stakes token sales.
Stay updated via KuCoin's official channels and explore the potential of joining future Spotlight events to discover and invest in innovative crypto projects.
