Dear Users,
The BNS IEO token sale on KuCoin Spotlight is going on and this is your shot to bag your BNS tokens. The IEO started 23rd July, 2020 (UTC+8), which has a lottery ticket acquisition (23rd July to 30th July) followed by token flash sale on 31st July 2020.
Check out:
Announcement
Rules of BNS Token Sale (includes details on KYC process required for participation)
Below are the token metrics of BNS:
1. Token Name: Bitbns (BNS)
2. Token Type: ERC-20
3. Spotlight Hard Cap: 1,000,000 USDT
4. Spotlight Allocation: 41,666,666 BNS
5. Spotlight Token Sale Price: 1 BNS = 0.024 USDT
6. Token Supported: KuCoin Shares (KCS) Only
7. Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale
8. Token Sale Format: Lottery & Flash Sale
9. Spotlight Token Distribution: The BNS will be distributed immediately after the successful deduction of KCS.
10. Total Token Supply: 2,500,000,000 BNS
11. Initial Circulating Supply: 56,841,667 BNS
Spotlight Token Sale — Timeline (So far and ahead)
- July 23, 2020–18:30
KuCoin launches the Spotlight Token Sale (Lottery Ticket Acquisition) and opens the activity registration for Bitbns.
- July 30, 2020–21:29
KuCoin ends this round of token sale registrations, counts the lottery tickets of all successfully registered users and randomly selects the winning tickets.
- July 31, 2020–14:30
KuCoin announces all successfully registered users’ lottery tickets and winning tickets on the Spotlight page.
- July 31, 2020–17:30
KuCoin launches the Bitbns Flash Sale event.
- July 31, 2020–19:00 to 20:00
KuCoin deducts the corresponding KCS in the winning users trading account and distributes corresponding BNS. Ensure that you have sufficient KCS in your trading account on July 31, 2020. If the deduction is successful, the BNS will be distributed immediately to your deposit account, otherwise the purchase qualification will be lost.
July 31, 2020–20:30
KuCoin lists BNS and opens the trading service for BNS.
The India-exclusive BNS flash sale starts 20:00:00, 31st July 2020 and ends 20:10:00 (UTC +8). So suit up.
There are two parts to the BNS IEO on KuCoin Spotlight
Lottery Ticket Acquisition — Allocation: 10,207,925 BNS (24.5% of total allocation)
1.From 00:00:00 on July 24, 2020 to 23:59:59 on July 30, 2020 (UTC+8)
2. Each successful participant can claim a different number of lottery tickets according to different conditions that are met.
3. Prior to participating, you need to complete KYC. Read about completing KuCoin KYC here.
4. To find out KCS holding requirements, click here and scroll down to ‘Lottery Ticket Acquisition Conditions’ title.
5. Once you satisfy the mentioned criteria, click to participate: https://www.kucoin.com/spotlight/110.
6. Each winning ticket is eligible to purchase 200 USDT worth of the BNS tokens (fixed amount) using KCS.
7. Up to 2 winning tickets per user.
India exclusive BNS Flash Sale (Allocation: 21,250,000 BNS (51% of total allocation)
1. Flash Sale Period: From 20:00:00 on July 31, 2020 to 20:10:00 on July 31, 2020 (UTC+8) — only for Indian nationals.
2. Indian users need to complete the Advanced KYC verification and be verified before 23:59:59 on July 30, 2020 (UTC+8). The KYC verification review takes 2–3 working days, so please submit the KYC documents in advance.
3. Sign the purchase agreement.
4. Once KYC is done, click Participate Now. BNS will be allocated to the first 10,000 participants on a first-come-first-serve basis.
5. Up to 1 winning share per user and each winning ticket is eligible to purchase 51 USDT worth of the BNS tokens (fixed amount) using KCS.
Regards
Bitbns Team
