Details of Trias (TRY) Token Sale on KuCoin Spotlight

[@BrianLim]

KuCoin will launch the next round of the Spotlight token sale with Trias (TRY) on 14/5/2019 (UTC+8). Meanwhile, based on the principle of fairness and justice, the TRY token sale will follow a new lottery format, and there will not be first come first serve purchases available. (see below).

Spotlight Token Sale Details:

1. Token Name: Trias (TRY)
2. Total Token Supply: 10,000,000,000 TRY
3. Spotlight Amount: 400,000,000 TRY (4% of total token supply)
4. Token Supported: KuCoin Shares (KCS) only
5. Price Ratio: 1 TRY = 0.004 USD (The actual price ratio of KCS will be announced on the day of the Token Sale)
6. Token Sale Format: Lottery
7. Allocation Per Winning User: 500 USD (125,000 TRY)
8. Private Sale Allocation: 0% of total token supply
9. Seed Sale Allocation: 8% of total token supply
10. Seed Sale Value: 40,000,000 USD
11. TRY Official Website: https://www.trias.one
12. TRY Whitepaper: https://www.trias.one/whitepaper

Lottery Format Summary

Each user can obtain lottery tickets according to the conditions below, and up to 7 lottery tickets can be obtained per account. The more lottery tickets that are obtained, the greater the chance to win. Lottery tickets are non-transferable and each winning user can only purchase a fixed share of $500 worth of TRY. The actual price ratio of KCS will be announced on the day of the Token Sale.

Lottery Ticket Acquisition Conditions:

Condition 1 —— Trading Volume

Counting period:From KuCoin V2 going online (February 19, 2019) to 00:00 AM on 29/4/2019 (UTC+8).

Acquisition Conditions: Total trading volume of = 20 BTC can get 1 lottery ticket

Condition 2 —— KuCoin Bonus

Counting period:From KuCoin V2 going online (February 19, 2019) to 00:00 AM on 14/5/2019 (UTC+8)

Acquisition Conditions: Total KuCoin Bonus of = 20 KCS can get 1 lottery ticket

Condition 3 —— Using KuCoin V2 APP

Counting period:From KuCoin V2 going online (February 19, 2019) to 00:00 AM on 14/5/2019 (UTC+8)

Acquisition Conditions: Completion of at least one trade with KuCoin V2 APP can get 1 lottery ticket

Condition 4 —— KCS Holdings Amount

Counting period:From 30/4/2019 00:00 AM to 00:00 AM (UTC+8) on 14/5/2019 (UTC+8)

Note:

For meeting condition 4, user’s accounts must have the record of holding = 350 KCS for at least any 7 days in the counting period. Once these conditions are met, you may refer to the chart below.
We will take snapshots of KCS balances at 00:00 AM (UTC+8) every day, either in the main account or the trading account.
Average Daily KCS Balance (X)   Number of Lottery Tickets
250 = X < 500    1
500 = X < 750    2
750 = X < 1000  3
X = 1000           4

Spotlight Token Sale Timeline:

KuCoin will launch the Spotlight token sale page for TRY later and open the activity registration. Once opened, the KuCoin system will start to assess all the conditions for all participants.
At 00:00 on May 14th, 2019 (UTC+8): KuCoin will end this round of token sale registrations, count the lottery tickets of all successfully registered users and randomly select the winning users.
At 10:00 on May 14th, 2019 (UTC+8): KuCoin will announce the number of users' lottery tickets on the Spotlight page.
At 14:00 on May 14th, 2019 (UTC+8): KuCoin will announce the winning users. Please ensure you have sufficient KCS in your trading account.
At 18:00 on May 14th, 2019 (UTC+8): KuCoin will deduct the corresponding KCS in the winning users’ trading account. Please ensure you have sufficient KCS in your trading account.
At 22:00 on May 14th, 2019 (UTC+8): KuCoin will list TRY and open the trading service for TRY.
To participate in the token sale, your KuCoin account needs to meet the following criteria:

Complete the KYC verification before 00:00:00 on May 14th, 2019. KYC verification review takes 3-5 working days, so please submit KYC certification in advance.
Hold sufficient KuCoin Shares (KCS) in the Trading Account (not Main Account)
The following countries/areas are not supported for the purchase:
the United States of America, Canada, New Zealand, Thailand, Japan, Mainland China, Bahamas, Botswana, Cuba, Democratic People’s Republic of Korea, Ghana, Serbia, Tunisia, Somalia, Zimbabwe, South Sudan, Sudan (north), Sudan (Darfur), Iran, Iraq, Libya, Syria, Eritrea, Ethiopia, Yemen, Sri Lanka, Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Côte d'Ivoire, Democratic Republic of the Congo, Guinea, Guinea-Bissau, Lebanon, Liberia, Myanmar, Pakistan, Nicaragua, Republic of Macedonia, Trinidad & Tobago, Tunisia, Uganda, Ukraine and Venezuela

4. Purchase Agreement signed

Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale.

KuCoin News: https://www.kucoin.com/news/en-announcement-of-trias-try-token-sale-on-kucoin-spotlight

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[KingDome]

Such clear that there are so many ICOs around the world and this is the one of the ico. I wonder when was the end of the ICO.

[thinkme1st]

Looking forward to this IEO on kucoin. The lottery format is confusing but i hope it will be better then previous IEO which was held on first come first served basis and it was war of bots.

[ttg43]

Looking forward to this IEO on kucoin. The lottery format is confusing but i hope it will be better then previous IEO which was held on first come first served basis and it was war of bots.

I won't participate in trias, now the ieo projects don't show a good results after listing.

[brother3]

Announcement of Completion of TRY Lottery Draw & Opening of Trading Service
KuCoin will list Trias (TRY) & open deposit at 18:00, May 14, 2019 (UTC+8). KuCoin will open trading for TRY/BTC & TRY/USDT & withdrawal at 22:00, May 14, 2019 (UTC+8) https://twitter.com/KuCoinUpdates/status/1128183024628240384