#KuCoin to Extend Founders’ and Angel Investors’ Token Lock-Up Period for an Additional Year
As stated in the original KuCoin white paper 100 million KCS, held by Angel Investors, Industry Stars and Founders are to be partially unlocked on September 3, 2018. Now, they have announced that they have extended the lock-up period for the tokens held by founders and angel investors. After discussing the partial release of the tokens, with all parties holding locked KCS, they decided that these tokens will remain locked for an additional year, until September 2, 2019. The agreement was made to help promote the growth and expansion of the exchange.
About Kucoin: KuCoin aims to provide users digital asset transactions and exchange services which are very safe and convenient. This is achieved by integrating premium assets worldwide and constructing a state of the art transaction platform. KuCoin is a full-featured spot trading platform for many digital assets and cryptocurrencies, including: Bitcoin, Ethereum, NEO, EOS, USDT, KCS and many more. KuCoin Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange. KCS holders receive daily cryptocurrency dividends, low withdrawal fees, and trading discounts. KCS holders will also automatically be qualified for KuCoin exclusive promotions, offers and rewards. Click here to open an account at KuCoin
About the writer: Ava Lauren
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