- KuCoin announces its 27th IEO featuring Lifeform (LFT), a project specializing in decentralized digital identity solutions.
- The token sale has a $150K USDT hard cap, with 5M LFT tokens to be distributed among 3,000 lottery tickets.
- The event runs from May 6 to May 12, with winners announced on May 14 and tokens distributed on May 15.
KuCoin, a leading global crypto exchange, launches its 27th Spotlight Token Sale, featuring Lifeform (LFT), a pioneer in decentralized digital identity solutions. The event promises to be a significant milestone in the crypto industry.
KuCoin’s 27th Spotlight Token Sale
KuCoin is set to roll out its 27th Spotlight Token Sale, an initial exchange offering (IEO) that showcases Lifeform (LFT), a trailblazer in decentralized digital identity (DID) solutions. The exchange communicated this development in a statement on Thursday via its official website. The forthcoming Spotlight event will feature Lifeform’s token sale, which has a hard cap of $150,000 USDT. The sale will offer 5,000,000 LFT tokens, distributed among 3,000 winning lottery tickets.
Details of the Token Sale
Starting on May 6, at 10:00 UTC and running until May 12, 2024, at 16:00 UTC, KuCoin will capture hourly snapshots of users’ USDT and KCS balances. These snapshots will be used to calculate the average Net Asset Value, determining the number of lottery tickets each participant can receive. The allocation of tickets for each user will be confirmed after the calculation period ends on May 13, at 10:00 UTC. The lottery winners will be announced on May 14, at 10:00 UTC, and token distribution will take place between 08:00 and 11:00 UTC on May 15. Users can verify their eligibility and view their ticket allocations on the Spotlight page.
Lifeform’s Decentralized Digital Identity Solutions
Lifeform aims to revolutionize the digital landscape by offering secure and seamless decentralized digital identity solutions. Its offerings include 3D avatar creation tools, visual DID protocols, and a native Web3 decentralized identity system supported by a metaverse engine SDK. Lifeform’s Universal Domain platform launched in 2024 to advance the Bitcoin ecosystem by simplifying blockchain domain names with .btc suffix. This simplifies user identification and authentication across various networks while ensuring secure and reliable interactions. It also eliminates the need for repetitive identity verifications.
Conclusion
The upcoming KuCoin’s 27th Spotlight Token Sale featuring Lifeform (LFT) is a significant development in the crypto industry. It not only provides an opportunity for investors to participate in a promising project but also underlines KuCoin’s commitment to promoting high-quality projects. With Lifeform’s innovative solutions, the future of decentralized digital identity looks promising.
