KuCoin will investigate the circumstances of the …

KuCoin will investigate the circumstances of IEO MultiVAC that ended in 7 seconds

Initial Exchange Offering (IEO) 600 million tokens of the MultiVAC project, held today on KuCoin Spotlight platform passed Total per 7 seconds, which is not enough than is different from the performance of similar campaigns conducted by other exchanges cryptocurrencies.

According to published exchange statistics, purchase MTV tokens expressed a wish 16,111 users from 59 countries. 1,661 of them were able to do it, the rest were left with nothing. Such results have caused discontent not only failed investors, but and KuCoin itself.

KuCoin will investigate the circumstances of the ...

“We are considering transactions Approximately 100 users completed MTV sale within 3 seconds – tweeted CEO KuCoin Michael Gun. – We will further investigate these users. If it turns out that bots / scripts were used in the process, against them will be serious measures were taken “.

Besides Togo, Gan reported, what write-off tokens KCS used for participation in the campaign did not take place instantly, but after a few minutes after messages about successful purchase of MTV. “Some users have sold their KCS before the required amount was debited from their invoices, so the payment did not go through. Share MTV of these unlucky ones users was returned to the pool. By this reason some more lucky users got MTV 10 minutes later “.

KuCoin will investigate the circumstances of the ...

This morning KuCoin reported, what will change the procedure for conducting IEO on your own and platform, and, like Binance, will use the lottery model.