1.1 What is KuCoin?
Launched in September 2017, KuCoin is a Seychelles-based cryptocurrency exchange. In 2018, KuCoin raised $20 million in Round A funding from IDG Capital and Matrix Partners.
KuCoin is an altcoin exchange with 600 cryptocurrencies and more than 1,100 trading pairs.
KuCoin, defined as the “People’s Exchange”, was created for investors of all classes. Serving more than 10 million users in 207 countries worldwide, the exchange offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending.
According to CoinMarketCap and CoinGecko, KuCoin is among the top five cryptocurrency exchanges.
1.2 What is SpotLigth?
Spotlight is a KuCoin token launch platform serving early-stage crypto projects and initial token distributions.
KuCoin Spotlight has strict screening criteria to ensure that the native tokens of listed projects and projects are of high quality.
1.3 What is Spotlight Trial Fund
KuCoin has launched Spotlight Trial Fund to enroll more users to Spotlight. Spotlight allows users to earn new token rewards by keeping at least 100 KCS on the platform.
2. What Is Aurigami (PLY) and How Does It Work?
2.1 Aurigami (PLY) Local Currency Market in Aurora
KuCoin’s 21st Spotlight, Aurigami (PLY), offers money market services such as deposits and secured lending on Aurora It is a decentralized, unattended, local money market.
Aurora is an Ethereum Virtual Machine (EVM) on the NEAR Procol blockchain. It provides a solution for developers to run their applications on an Ethereum compatible, highly efficient, scalable and future-proof platform with low transaction costs for its users.
2.2 Project Highlights
- Attractive Valuation
- Blue-Chip VC Support
- Strictly Managed PLY and Highly Circulated Procurement
- Exciting Roadmap
- Being Part of a Growing Ecosystem
2.3 Tokens
The total supply of PLY tokens is set at 10 billion tokens with the following distributions.
Seed Round 19.0%
Team19.0%
IEO/IDO 5.0%
Liquidity Mining 40.0%
Liquidity Provision 4.0 %
Treasury & Ecosystem 13.0%
Click for more details
Web
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Technical report 2 Click to
3. How to Participate in the KuCoin Spotlight Token Sale
Step 1: Visit www.kucoin.com homepage, click “Earn” and then “Spotlight”.
Step 2: Click “Spotlight Banner” to enter token sale page. (You must select the PLY Spotlight title on this page)
Step 3: Make sure you meet 3 criteria to continue;
a. KYC Verification Fill in your KYC details as required by clicking on “KYC Verification” and follow the guide on how to complete the process. Once your account has been verified, it will be marked with a green symbol.
b. Click “Countries Not Supported” to confirm that you are not from a restricted country as shown below. Once approved, check the “I Have Read and Agree to the Purchase Agreement” box and click the “Confirm” button to move on to the next criterion.
c. Click on “Purchase Agreement” and read the terms of the Token Sale. If you accept these terms. Check the “I Have Read and Agree to the Purchase Agreement” option and click the “Confirm” button to complete the third criterion.
Step 4: Click the “Participate Now” button to join Spotlight.
When you see “Participated Successfully”, it means you are eligible for this token sale.
You can also refer to the infographic, the easy version tutorial for KuCoin’s 21st Spotlight.
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