KuCoin Crypto Exchange To Launch Spotlight Platform
The KuCoin trading platform announced the launch of the platform for organizing the initial exchange offering (IEO) on its official website. The platform was named Spotlight.
The KuCoin representatives state that they are constantly looking for the best solutions to support blockchain projects and help unleash their potential. Using the Spotlight resource, such projects will be able to raise the necessary funds, attract attention, and gain a reputation in the crypto sphere.
The first token sale on the platform should take place in the near future. It will be held in accordance with the procedure for receiving applications from investors – those who submit an application earlier will be serviced first.
The exchange intends to use its KuCoin Shares token (KCS) to acquire assets in new projects. The price of the new assets will be announced on the day of sale, so users need to monitor further announcements.
Customers wishing to participate in the token sale must pass the “know your customer” identification procedure in advance. The exchange warns that users from certain countries and regions will not be able to participate in the sale of tokens due to restrictions of regulatory organizations.
With the opening of the platform for the launch of the initial exchange offering, KuCoin ranked on a par with the Binance Launchpad platform. Moreover, a platform for organizing IEO appeared on the Bittrex exchange.
In the CoinMarketCap ranking, the KuCoin crypto exchange was 60th with a daily trading volume of $60 million on March 21 at 08:00 (UTC).