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8 hour ago
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KuCoin launches GNOT pre-listing sale with pro-rata allocation and buyback

3 min
  • KuCoin Spotlight returns with a pre-listing subscription for 7,751,938 GNOT at a subscription price of $0.0645 per token.
  • The oversubscription model uses pro-rata allocation, under which eligible subscribers may receive an allocation based on their committed amount.
  • Subscriptions are available in KCS, USDT, and newly added USDG, alongside KCS discounts and optional conditional price protection.

KuCoin Spotlight is returning with a pre-listing subscription for Gno.land (GNOT), offering eligible users access to 7,751,938 GNOT at $0.0645 per token before spot trading begins. The campaign introduces a structured participation framework: a pro-rata allocation under an oversubscription mechanism, subscriptions funded in KCS, USDT, or USDG, and an optional conditional post-listing buyback mechanism.

Gno.land Joins the Spotlight Lineup

Gno.land, developed by NewTendermint, is an open-source Layer 1 smart-contract platform that uses Gno, a deterministic variation of Go, for on-chain applications. GNOT is the native token that pays gas for storage deposits, contract execution, and cross-chain interactions.

The addition of Gno.land expands Spotlight’s coverage of blockchain infrastructure with a Go-based smart-contract network.

Extending the Spotlight Subscription Model

  • Pro-rata allocation for eligible subscribers: The campaign supports oversubscription. GNOT is distributed proportionally to each participant’s committed amount. Every eligible user who completes a valid subscription receives an allocation. The model does not use first-come, first-served or lottery.
  • Up to 10% off with KCS: Users can subscribe with KCS, USDT, or USDG. KCS subscribers may receive up to a 10% discount. Flexibly staked KCS can be used directly without unstaking.
  • Conditional post-listing buyback: Participants may opt in to an automatic buyback mechanism during subscription. Eligible allocations may qualify for a buyback at the subscription price if specified conditions are met within seven days after listing. See the official KuCoin announcement for full terms.

How to Subscribe for GNOT

Eligible users can log in to KuCoin, visit the KuCoin Spotlight Center, select GNOT, and subscribe using KCS, USDT, or USDG. Users can opt in to the conditional buyback mechanism during subscription. More details appear in the official KuCoin Announcements.

About KuCoin

Founded in 2017, KuCoin is a global crypto platform serving over 45 million users across more than 200 countries and regions. The platform offers access to over 1,500 digital assets and holds SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019, and ISO/IEC 42001:2023 certifications. Compliance milestones include AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Disclaimer

The information is for corporate PR purposes only and does not constitute endorsement or investment advice.