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Kucoin Announces Revised Dates for SUI Token Sale

KuCoin has announced revised dates for the SUI token sale on their platform. In a recent blog post, the company stated that the sale dates have been revised to accommodate a slight postponement, and they have provided an updated timeline for the sale.

The SUI token sale is divided into two pools – Pool A General Public Sale and Pool B Recognition Sale. The subscription for Pool A ended on April 22, 2023, at 16:00 UTC, while the subscription for Pool B ends on May 1, 2023, at 01:00 UTC. KuCoin will announce tickets for Pool A on April 23, 2023, at 13:00 UTC, and for Pool B on May 1, 2023, at 07:00 UTC.

KuCoin will verify the results of both sales on May 1, 2023, at 10:00 UTC. The token distribution period for both pools will start from May 2, 2023, at 01:00 UTC and will end on May 3, 2023, at 09:00 UTC.

The company has also issued an important notice that the Pool B Recognition Sale is not based on lottery and is open to allowlisted Sui ecosystem contributors only. KuCoin will verify if participants are on the allowlist during the Calculation and Verification period. If a participant is not on the allowlist, their order will not be accepted and processed after the Calculation and Verification Results period.

KuCoin has stated that they will deduct the corresponding amount of USDT from qualified users’ trading account and distribute the corresponding amount of SUI. If the deduction is successful, the SUI will be distributed immediately to the users’ main account. KuCoin has urged users to ensure they have enough USDT in their trading account during the token distribution period to avoid losing their eligibility to purchase in the Spotlight.

KuCoin has also reminded users that the SUI token sale is not open to US-based persons. Additionally, allowlisted users of Pool B Recognition Sale can also participate in Pool A General Public Sale, and the maximum deduction amount for them will be 1,000 + 45 USDT.

KuCoin has emphasized that Spotlight is a high-risk investment channel, and investors should be sensible in their participation and aware of investment risks. The company has also stated that they are not liable for users’ investment gains or losses, and the information they provide is for users to conduct their research.

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