English
Arabic
Chinese (Simplified)
Indonesian
Russian
- KuCoin launches its twenty seventh IEO that includes Lifeform (LFT), a undertaking targeted on decentralized digital id options.
- The token sale has a $150K USDT laborious cap, providing 5M LFT tokens distributed amongst 3,000 lottery tickets.
- Participation runs from Might 6 to Might 12; winners can be introduced on Might 14, and tokens can be distributed on Might 15.
Distinguished world crypto change KuCoin is rolling out its twenty seventh Highlight Token Sale, an preliminary change providing (IEO) that showcases Lifeform (LFT), an innovator in decentralized digital id (DID) options. The change communicated this improvement in an announcement on Thursday through its official web site.
The upcoming Highlight occasion will embody Lifeform’s token sale, which has a tough cap of $150,000 USDT. Notably, the sale will provide 5,000,000 LFT tokens, which can be distributed amongst 3,000 profitable lottery tickets.
Beginning on Might 6, at 10:00 UTC and working till Might 12, 2024, at 16:00 UTC, KuCoin will seize hourly snapshots of customers’ USDT and KCS balances. These snapshots can be used to calculate the common Web Asset Worth, figuring out the variety of lottery tickets every participant can obtain.
The allocation of tickets for every consumer can be confirmed after the calculation interval ends on Might 13, at 10:00 UTC. The lottery winners can be introduced on Might 14, at 10:00 UTC, and token distribution will happen between 08:00 and 11:00 UTC on Might 15. Customers can confirm their eligibility and consider their ticket allocations on the Highlight web page.
Within the announcement, KuCoin reiterated its dedication to empowering the crypto neighborhood with high-quality initiatives like Lifeform to constantly advance the worldwide crypto business’s attain.
For the uninitiated, Lifeform seeks to revolutionize the digital panorama by providing safe and seamless decentralized digital id options. Its choices embody 3D avatar creation instruments, visible DID protocols, and a local Web3 decentralized id system supported by a metaverse engine SDK.
Lifeform’s Common Area platform launched in 2024 to advance the Bitcoin ecosystem by simplifying blockchain domains with .btc suffix. This simplifies consumer identification and authentication throughout varied networks whereas guaranteeing safe and dependable interactions. It additionally eliminates the necessity for repetitive id verifications.
Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any form. Coin Version is just not accountable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.