The KuStarter Token Launch: Pre-IDO Update & Timeline for $KUST
Get ready for our token launch, 21st July 2021!
Firstly, we want to take this opportunity to thank everyone that took part in our community events, and also those who took the time to support us along the way, including our strategic investors.
The $KUST token will enable users to participate in the KuStarter ecosystem. Projects vetted and cleared by the KuStarter team will be offered to $KUST holders. The $KUST token will allow users a guaranteed allocation of each sale.
All projects on KuStarter will have a hybrid vesting system, with a certain percentage of purchased token available on TGE (Token Generation Event), and the remaining tokens vested over a period of time. This will help to ensure sales conducted through KuStarter will not dump on listing, and will provide excellent returns for all token holders.
Public Sale Timeline: Wednesday 21st July 2021
Please note that all times stated are in UTC.
Our guide on the KuStarter platform is available here.
Following our public whitelisting competitions and our allocations to key opinion leaders, we have 200 addresses whitelisted to participate in our public sale.
14:00: Contract Addresses
- The $KUST token address will be made public on the KuStarter Twitter page and in the KuStarter Telegram community group. We will also update this Medium post.
- Update: contract deployed to 0xfC56A7E70F6c970538020cc39939929b4d393F1F on KCC mainnet.
16:00: Muting Telegram
- We will mute the KuStarter Telegram community group (this will be unmuted shortly after public sale starts).
18:00: Public Sale
- The IDO will commence and be open for 24 hours. Whitelisted addresses will be able to purchase their $KUST allocation on KuStarter.
- If the IDO is not full by 14:00 Thursday 22nd July, we still create more ways for other members of our community to get involved, and the public sale will become first-come-first-served (FCFS).
- Exact steps can be found here.
20:00: Unmuting Telegram
- Communication can commence again while everyone participates in the presale.
IDO Timeline: Thursday 22nd July 2021
16:00: Muting Telegram
- We will mute the KuStarter Telegram community group (this will be unmuted shortly after listing on KoffeeSwap).
18:00: DEX Listing
- Liquidity will be added to the KoffeeSwap KCS/KUST pool and trading will commence.
- A link to buy our token directly on KoffeeSwap will be added here once it is listed.
20:00: Unmuting Telegram
- Communication can commence again and we can enjoy $KUST being out in the wild!
Token Sale Details
- Public Sale Token Allocation: 400,000 $KUST
- Public Sale Token Price: $0.25
- Max Cap Per Person: $500 in $KCS
- Total Raise: $100,000
- Initial Market Cap: $160,000
- The revenue from the Public Token Sale will go towards liquidity in KoffeeSwap.
All vesting will be linear. The private seed and public sale will unlock 20% at TGE (Token Generating Event), 80% will be vested linearly over nine and six months, respectively, after a two week vesting pause.
The start of something special…
The KuStarter team have been working tirelessly to ensure that this IDO will be a success. This token launch will signal the start of our entry into the launchpad market; funds raised from the public and private token sale will be used to bootstrap the continued development of the KuStarter platform! 🚀
About KuStarter
KuStarter is a decentralized accelerator for projects on the KuCoin Community Chain. We connect early-stage KCC projects with investors, capital, and advisors in order to help incubate the next generation of DeFi. KuStarter will be launching on KCC, with plans for cross-chain interoperability with the Ethereum mainnet in order to access deeper liquidity and a wider market.
We have partnered with great strategic investors, which you can read more about here.
Links
- Website: https://kustarter.com
- Telegram: https://t.me/kustarter_official
- Telegram Announcements: https://t.me/kustarter_ann
- Twitter: https://twitter.com/kustarter
- GitHub: https://github.com/KuStarter
