• KuCoin launches its twenty seventh IEO that includes Lifeform (LFT), a undertaking targeted on decentralized digital identification options.
• The token sale has a USDT arduous cap of $150,000 and can supply 5 million LFT tokens distributed throughout 3,000 lottery tickets.
• The participation interval is from Might sixth to Might twelfth. Winners will likely be introduced on Might 14th and tokens will likely be distributed on Might fifteenth.

Famend world cryptocurrency alternate KuCoin has rolled out its twenty seventh Highlight Token Sale, an Preliminary Change Providing (IEO) showcasing Lifeform (LFT), an innovator in decentralized digital identification (DID) options. I’m. The alternate communicated this growth in an announcement on its official web site on Thursday.

Upcoming highlight occasions embody Lifeform's token sale with a tough cap of 150,000 USDT. Notably, on this sale he will likely be supplied 5,000,000 of his LFT tokens, which will likely be distributed amongst 3,000 profitable lottery tickets.

Beginning at 10:00 UTC on Might sixth and working till 16:00 UTC on Might twelfth, 2024, KuCoin will seize hourly snapshots of customers' USDT and KCS balances. These snapshots are used to calculate the typical web asset worth and decide the variety of lottery tickets every participant can obtain.

The ticket project for every person will likely be confirmed after the tip of the calculation interval on Might thirteenth at 10:00 UTC. The lottery winners will likely be introduced on Might 14th at 10:00 UTC, and the token distribution will happen between 08:00 and 11:00 UTC on Might fifteenth. Customers can verify their eligibility and see ticket assignments on the Highlight web page.

In its announcement, KuCoin reiterated its dedication to empowering the cryptocurrency neighborhood with high-quality initiatives like Lifeform and constantly advancing the attain of the worldwide cryptocurrency trade.

For the uninitiated, Lifeform is revolutionizing the digital panorama by offering a safe, seamless, and decentralized digital identification answer. Its merchandise embody a 3D avatar creation instrument, a visible DID protocol, and a local Web3 distributed identification system supported by the Metaverse Engine SDK.

Lifeform's Common Area platform was launched in 2024 to simplify blockchain domains with the .btc suffix and advance the Bitcoin ecosystem. This simplifies person identification and authentication throughout totally different networks whereas making certain safe and dependable interactions. It additionally eliminates the necessity for repeated identification verification.