Leading global crypto exchange KuCoinis launching its 27th Spotlight Token Sale, an initial exchange offering (IEO) showcasing Lifeform (LFT), an innovator in decentralized digital identity (DID) solutions. The stock exchange announced this development on its official website on Thursday.
The upcoming Spotlight event will include Lifeform’s token sale, which has a hard cap of 150,000 USDT. The 5,000,000 LFT tokens to be distributed in the sale will be divided among 3,000 winning lottery tickets.
KuCoin will receive hourly snapshots of users’ USDT and KCS balances during the period from May 6 to May 12, 2024. These snapshots will be used to calculate the average Net Asset Value and will determine the number of lottery tickets each participant can purchase.
Ticket allocation for each user will be confirmed after the calculation period ends on May 13. Lottery winners will be announced on May 14 and token distribution will take place on May 15. Users can verify their eligibility and view their ticket allocations on the Spotlight page.
In KuCoin’s announcement, global crypto- He reiterated his commitment to empowering the crypto community with high-quality projects like Lifeform to continually advance the reach of the industry.
Lifeform aims to revolutionize the digital environment by providing secure and seamless decentralized digital identity solutions. Its solutions include 3D avatar creation tools, visual DID protocols, and a native Web3 decentralized identity system powered by a metaverse engine.
Lifeform’s Universal Domain platform was launched in 2024 to advance the Bitcoin ecosystem by simplifying blockchain domains with the .btc suffix. This simplifies user identification and authentication across various networks while ensuring secure and reliable interactions. It also eliminates the need for repetitive authentications.
