Derivatives
KuCoin Spotlight Launches Gno.land (GNOT) Pre-Listing Subscription with Pro-Rata Allocation
KuCoin Spotlight is back with a pre-listing subscription for Gno.land (GNOT), providing access to 7,751,938 tokens priced at $0.0645 each before the start of spot trading. This initiative introduces an updated participation framework aimed at enhancing the allocation process.
Key Features of the Subscription
- Pro-Rata Allocation: Eligible subscribers will receive GNOT based on their committed amounts, rather than through a first-come, first-served or lottery system.
- Subscription Options: Users can subscribe using KCS, USDT, or the newly added USDG, with KCS holders potentially receiving discounts of up to 10%.
- Conditional Buyback Mechanism: Participants can opt into an automatic buyback option, allowing for a buyback at the subscription price under specific conditions within seven days post-listing.
Gno.land, developed by NewTendermint, is an open-source Layer 1 smart-contract platform utilizing Gno, a deterministic variant of Go tailored for on-chain applications. GNOT serves as the native token for transaction fees related to storage deposits, contract execution, and cross-chain interactions.
How to Participate
Eligible users can log into their KuCoin accounts, navigate to the KuCoin Spotlight Center, select GNOT, and complete their subscription using KCS, USDT, or USDG. Those interested in the conditional buyback must opt in during the subscription process.
FAQ
What is the price of Gno.land (GNOT) during the pre-listing subscription?
The price of Gno.land (GNOT) during the pre-listing subscription is $0.0645 per token.
How is the allocation of GNOT tokens determined for subscribers?
The allocation of GNOT tokens for subscribers is based on a pro-rata system, meaning eligible subscribers will receive tokens based on their committed amounts.
What payment methods are accepted for the GNOT subscription?
Users can subscribe to GNOT using KCS, USDT, or the newly added USDG.
What is the conditional buyback mechanism for GNOT?
The conditional buyback mechanism allows participants to opt into an automatic buyback option at the subscription price under specific conditions within seven days post-listing.
How can users participate in the GNOT subscription?
Eligible users can log into their KuCoin accounts, navigate to the KuCoin Spotlight Center, select GNOT, and complete their subscription using KCS, USDT, or USDG.