Koindex will purchase 10,000 USDT worth of free KOIN for 30 consecutive days at the KOIN Indexed standard price to improve the liquidity of KOIN.
If application demand from users exceeds the application supply, the distribution will be proportional.
KOIN that was not purchased will be returned daily over 30 days. Distribution of USDT will be made on the same day of each daily deadline. KOIN will be returned the following day of each daily deadline.
12/10/2020 6:00 UTC ~ 1/9/2021 5:59:59 UTC
Buyback Participation Flow
① Prepare free KOIN and apply it towards the buyback.
* Free KOIN is KOIN that is not pledged, staked, or pending in an order.
② Apply from the Buyback page (If application demand exceeds supply, it will be proportionally distributed)
③ KOIN that was not purchased will be returned over 30 days
Daily Application and Distribution
Daily Deadline 6:00 UTC
USDT will be granted around 12:00 UTC on the same day.
Check details from the buyback page below:
- Your applied KOIN
- Your current free KOIN
- Amount of KOIN you applied that was purchased
- You can apply with free KOIN from the buyback page at any time
- Cancellation is not possible after application
- Your applied KOIN that was not bought, will be returned back to you over 30 days.
- The price of KOIN is calculated by the KOIN index price of the week.
- The amount of KOIN that could not be purchased due to proportional distribution will be returned starting the following day.
- Applied KOIN will not be subject to receiving daily distributions.
Please participate at your own convenience!
Any violation of the rules is strictly prohibited. Koindex has ultimate discretion in interpreting event rules.
If you have any questions, please feel free to contact Koindex official support.