The initial exchange offering of the MultiVAC cryptocurrency project was performed at the KuCoin Spotlight platform. The campaign lasted seven seconds, while 1661 users from 59 countries were able to take part in the campaign.
In total, the project has released 10 billion MTV tokens, of which 600 million coins have been allocated for sale on the Spotlight. The price of 1 MTV was $ 0.006, therefore the maximum fundraising goal was $ 3.6 million.
Only holders of the KCS, internal exchange's token could take part in the campaign; the maximum possible amount of investment was 1902 KCS.
Earlier, Kucoin reported that in the future, IEO projects on the KuCoin Spotligh platform will be conducted in a lottery format, similar to how Binance had previously done it.