KuCoin to Report on Fraud During MultiVAC IEO

Additionally, on Tuesday there will be an additional round of sales of MTV tokens
04 April 2019   455

The KuCoin cryptocurrency exchange acknowledged the fact of the scam during the IEO MultiVAC process, which ended in 7 seconds, and decided to award campaign participants who could not acquire MTV tokens.

Evidence shows that during the Spotlight Token Sale last night, a few users used programmed scripts to automatically go through some of the steps (e.g. to manually key in the purchase amount and trading password) before pressing the 'Purchase Now' button. These kinds of scripts helped those users get an unjustified advantage in the Token Sale. To some degree, the scripts made the already hard-to-get token even harder.
 

KuCoin Team

KuCoin notes that it seeks to support users who tried to participate in IEO MultiVAC. Those of them who clicked the “Purchase Now” button, but could not get tokens, will be credit with bonuses in USDT this week. Additionally, they will get MTV before listing on the exchange, depending on the number of KCS tokens they had at the time of the campaign:

KuCoin USDT & MTV Bonus Rate
KuCoin USDT & MTV Bonus Rate

In addition, on Tuesday there will be an additional round of sales of MTV tokens with the "live" queue, the allocation for one investor will be $ 120. Users will not have to type-in the purchase amount or trading password, but you will need to pass verification through reCAPTCHA from Google.

Also today, KuCoin announced the sixth stage of buying back and destroying its own KCS tokens. The event is timed to the end of the first quarter and will be held over the next three weeks.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.