On June 24, the KuCoin crypto exchange launched the initial exchange offering (IEO) of the Liquidswap (LSD) project on the Spotlight platform. The tokensale will end on July 27, 2024. This is reported in a press release.
Liquidswap is an automated market maker (AMM) that runs on the Aptos network and uses the Move programming language. The project is being developed by the Pontem Network team with the support of venture capital companies Lightspeed, Faction and Pantera.
420 000 LSDs have been allocated for the IEO. KuCoin will raffle 3,000 tickets, each of which gives the right to purchase 140 LSD at a price of 0.7142 USDT per token. The platform unlocks 40% of the tokens during TGE, and the remaining 60% within three months.
To participate, you need to join the tokensale on KuCoin Spotlight. The exchange will take snapshots of users' USDT and KCS balances every hour until July 27.
KuCoin will determine the winners on July 28, announce the results on July 29 and award tokens on July 30.
Detailed information about the Liquidswap tokensale is available on the KuCoin Spotlight page.
KuCoin is a cryptocurrency exchange that has been operating since 2017 and serves more than 34 million users in 200 countries and regions. The platform supports more than 900 crypto assets in the spot, margin, futures and P2P markets.
Earlier, KuCoin hosted the Lifeform Project (LFT) IEO on Spotlight.