- KuCoin launches its twenty seventh IEO with Lifeform (LFT), a challenge targeted on decentralized digital identification options.
- The token sale has a tough cap of 150,000 USDT and provides 5 million LFT tokens distributed amongst 3,000 tons.
- Participation takes place from Might 6 to Might 12; winners can be introduced on Might 14th and tokens can be distributed on Might fifteenth.
Outstanding international crypto alternate KuCoin is launching its twenty seventh Highlight Token Sale, an preliminary alternate providing (IEO) that includes Lifeform (LFT), an innovator in decentralized digital identification (DID) options. The alternate disclosed this growth in an announcement on Thursday by its official web site.
The upcoming Highlight occasion will characteristic the Lifeform Token Sale, which has a tough cap of 150,000 USDT. The sale will provide 5,000,000 LFT tokens to be distributed amongst 3,000 prize attracts.
Beginning on Might 6 at 10:00 UTC and operating 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, which is able to decide the variety of lottery tickets every entrant can obtain.
Ticket allocation for every person can be confirmed after the tip of the calculation interval on Might 13 at 10:00 UTC. 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 examine their eligibility and examine their ticket allocation on the Highlight web page.
Within the announcement, KuCoin reiterated its dedication to empowering the crypto group with high-quality tasks like Lifeform to repeatedly improve the attain of the worldwide crypto trade.
For the uninitiated, Lifeform goals to revolutionize the digital panorama by providing safe and seamless decentralized digital identification options. Its choices embody 3D avatar creation instruments, visible DID protocols, and a local Web3 decentralized identification system supported by the metaverse engine SDK.
The Lifeform Common Area Platform was launched in 2024 to advance the Bitcoin ecosystem by simplifying blockchain domains with the .btc extension. This simplifies the identification and authentication of customers throughout totally different networks whereas guaranteeing secure and dependable interactions. It additionally eliminates the necessity for repeated identification verification.
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