The KuCoin marketplace announced the launch of a platform for initial exchange offers (IEO) called Spotlight.
The exchange’s blog says that information about the first tokensale will appear already this week. Also, the tokens will be distributed on the principle of first-come, first-served, that is, in the order of receipt of applications from investors. Therefore, to buy assets of new projects will use its own token exchange – KuCoin Shares (KCS)
Therefore, to participate in the tokensale users will need to be verified. Also reported that some countries and regions will not be admitted to IEO at KuCoin.
Recall that 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.