KuCoin to Support NewsCrypto (NWC) Lockup and Cash Back Program
For traders and investors who are holding the NWC token and are looking to score big!
KuCoin has officially announced that it will support the NewsCrypto Token (NWC) lockup and cashback program. This program will start at 00:00:00 on March 30, 2020(UTC+8).
NewsCrypto has been holding token giveaways lately as a way of expressing gratitude to NWC token holders and the NewsCrypto community at large. The KuCoin NWC Lockup and Cash Back Program announcement comes soon after NewsCrypto launched another event earlier on this month following the NWC's new successful listing on HitBTC exchange.
Exchange listings of the NWC token began in the fourth quarter of 2019 and the token is now listed on a number of exchanges including KuCoin, Probit, CAT.EX, BigONE and Dcoin.
How to lockup: For users who hold NWC and expect to gain profit, please withdraw NWC to LOCKNWC via the withdrawal page. (Visit the NWC withdrawal page, fill in the NWC address LOCKNWC in the wallet address bar).
Lockup period: Users can lock NWC from** 00:00:00** on March 30, 2020 to 23:59:59 on April 5, 2020 (UTC+8). The lockup period will last 90 days. The NWC sent to the lockup address cannot be unlocked in advance.
Lockup limit: The minimum amount for single lockup is 10,000 NWC; The hard cap of a single user is 200,000 NWC.
Rate of return: The annualized rate of return is 60%;
Distribution of revenue: First lockup revenue will be paid on May 6, 2020 (UTC+8), second lockup revenue will be paid on June 5, 2020 (UTC+8), the last lockup revenue will be paid on July 5, 2020 (UTC+8); The principal will be distributed 1 day after the end of unlocking.
Risk-taking: This activity is only supported by KuCoin and the return is provided by the NWC Network. It does not mean that the platform provides any form of guarantee or guarantee for the user to obtain the estimated income. The actual income obtained by the user is inconsistent with the estimated return, and the participating users voluntarily assume such risk. The final interpretation of this event belongs to the platform.
Read more on the NWC KuCoin lockup and cash back program here
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