The KuCoin marketplace announced the launch of a platform for initial exchange offerings (IEO) called Spotlight.
The exchange's blog says that information about the first tokensale will appear this week. It is also known that tokens will be distributed according to the principle of first-come, first-served, that is, in the order of receipt of applications from investors. To purchase assets of new projects will use its own token exchange - KuCoin Shares (KCS).
In order to participate in the tokensale users will need to be verified. Some countries and regions will not be admitted to IEO on KuCoin.
After Binance conducted two extremely successful IEOs on the basis of its platform, BitTorrent and Fetch.ai, the analogue of Launchpad appeared on OKEx. Soon, Bittrex International announced the launch of its own IEO platform.