Total Value: 200,000 USDT
Mode: Super Invest. Buy 1 KCS, get 1 TKCS for free
Benchmark Price: The average price of the marketing price of Sept. 26-27 at 0:00
Time: 14:00-16:00 Sept. 28, 2019 (UTC+8)
Coin: USDT in Wallet Account
Minimum Fund: 100 USDT
Maximum Fund: 1000 USDT
Qualification: Hoo users who have completed their KYC; VIP 2 or above
Exercise Date: Nov. 28, 2019 (UTC+8)
Gain Rate: 10% ( paid in KCS)
Gain Value= (Investment / Benchmark Price) * 10%
Important Times Points on September 28:
- 18:00 — KCS deposit
- 20:00 — KCS/USDT & TKCS /USDT trading
- 21:00 — ZCV withdrawal
What is TKCS?
TKCS is a 60-day gain right token. In 60 days (on November 28) when the fundraising closes, users can exercise their gain right by holding both KCS & TKCS. With 1 KCS and 1 TKCS, they are able to receive 100% of the benchmark price in USDT and 10% of the amount of KCS you got. The exercise time lasts only for one day on November 28, after which TKCS will become invalid and delisted from Hoo Exchange.
For example, if you invested 150 USDT and get 100 KCS in this program. On the day of exercising, the amount of tokens you will receive is: 150 USDT + (100 KCS *10%=10 KCS).
What is Super Invest?
Different from common fundraising rules, Super Invest ends when the time is due, rather than when reaches the target amount. Users are still able to participate when exceeded the target. When the fundraising closes, users get their shares based on a certain percentage and the extra coins will be returned to their account.
What is Gain Right?
When a blockchain company issues a token, Hoo Power requires them to issue an option token at the same time. The option stipulates that the user holding the token can return it to the project at a certain price in the future. It will be circulated in the trading market at the same time. When the user exercises the right in the future, he can hold one token and plus 1 option token to exercise the right.
Introduction to KuCoin
KuCoin is a world-renowned cryptocurrency exchange that supports multiple digital cryptocurrency transactions and is currently online with more than 400 trading pairs. By integrating global quality assets and building a first-class platform, KuCoin is committed to providing users with convenient, secure, and full-featured digital asset trading and conversion services. Since its inception in September 2017, KuCoin has been known as a “national exchange” and has maintained a high growth rate. KuCoin platform transactions are safe, reliable, easy to use, fast-receiving, multi-language support, 7&24-hour customer service throughout the year.
Sept. 25, 2019