The campaign marks a significant shift in how the exchange manages early-stage token access. By utilizing an oversubscription model, KuCoin ensures that every participant who commits funds receives a proportional share of the GNOT supply. Users can participate using KCS, USDT, or the newly integrated USDG stablecoin. Those choosing to subscribe with KCS are eligible for a discount of up to 10% and may utilize their staked assets without needing to unstake them prior to the event.
In section Cryptocurrency
KuCoin Revives Spotlight Platform With Gno.land Token Subscription
KuCoin is reviving its Spotlight platform with a pre-listing subscription for Gno.land (GNOT), offering 7,751,938 tokens at a price of $0.0645 each. The launch introduces an updated participation framework, moving away from lottery systems in favor of a pro-rata allocation model for all eligible subscribers.
Beyond the allocation structure, the platform is introducing an optional conditional buyback mechanism. Participants opting into this feature may qualify for a refund at the initial subscription price if specific market conditions occur within seven days of the token's listing. Gno.land, the project behind the token, is a Layer 1 smart-contract platform developed by NewTendermint. It leverages a deterministic variation of the Go programming language, positioning its GNOT token as the primary utility asset for gas fees, contract execution, and cross-chain interactions.
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