KuCoin announced the name of the first project to host an IEO on its platform KuCoin exchange representatives this Monday shared information regarding the first initial exchange offering (IEO) on their KuCoin Spotlight platform.

KuCoin announced the name of the first project to host IEO on its platform

Representatives of the KuCoin cryptocurrency exchange this Monday shared information regarding the first initial exchange offering (IEO) on their KuCoin Spotlight platform.

“I am honored to present to you the cutting edge multi-size and flexible blockchain with sharding support - MultiVAC. It will also be the first project on the KuCoin Spotlight, ”said CEO Michael Gan on Twitter.

In addition, Johnny Liu, KuCoin's Vice President for Strategy and Investment, shared photos from the meeting with MultiVAC representatives..

To date, the exchange has not released details of the upcoming crowdsale. As previously reported, the distribution of tokens will be carried out in the order of receipt of applications from verified users. The sale will be carried out for the own cryptocurrency of the KCS exchange.

The KCS rate against the background of the announcement of the name of the project, which arouses considerable interest of investors, rose by 10%.

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