As one of the most prominent blockchain projects in Indonesia, Tokoin has progressed so much this year. A few weeks ago, Tokoin was playing its part in a historic day in the Indonesian blockchain sector, by signing an MOU with KADIN… and will also play a part in the creation of BCEE (Blockchain Center of Excellence and Education). Gaining the support of the Ministries along with a super entity such as KADIN Indonesia (Chamber of Commerce and Industry), Tokoin is progressing even further by becoming an upcoming project on the KuCoin Spotlight program.
On August 14, 2019, KuCoin launched an official statement regarding the selection of Tokoin’s token (TOKO) to be their 5th Spotlight Project… due to take place on August 23, 2019. The news was greeted with high levels of enthusiasm from many blockchain enthusiasts as it has been the news that many followers have been anticipating. KuCoin is known as of the largest crypto exchange platforms in the world – it has the highest trading volume surpassing 320 million USD. With KuCoin, Tokoin aims to both reach an even larger market audience and to enable the increasing global demand to have TOKO Token traded globally.
Dont miss out on this exciting development for Tokoin! Below is a list of some important dates.
1. 20th August 2019: Token Sale Participation time, starts!
The token ‘sale participation offer’ means that before you can purchase TOKO Token at KuCoin, you need to reserve your spot to claim your opportunity. 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:
For this first round, the result release time will be on August 23, 2019, 2 PM (GMT+7).
If you missed your opportunity to buy a ticket for 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 simple – anyone can take part except the winners of the first round!
To participate, 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.
Both your main account and the trading account will be collated and counted, and the maximum purchase per user will still be 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-in 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 miss the chance to get your 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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Check out the Tokoin BlockDelta page for additional info/articles.