TechFlow News, June 14: Cryptocurrency exchange CoinUp has launched its CPX World Cup Lossless Token Sale Season, featuring the KICKX token. This IEO employs a lossless participation mechanism—funds contributed by users are used solely for share calculation during the subscription period and will be fully refunded via the original payment channel upon IEO completion, with no capital consumption incurred. Allocation follows an oversubscription pro-rata model, eliminating individual participation caps; the amount of KICKX tokens allocated to each user is directly proportional to their share of total subscription funds. Details are as follows:
Total Supply: 100,000,000 KICKX
IEO Allocation: 10,000,000 KICKX
Accepted Subscription Token: CPX
IEO Price: 1 KICKX = 0.01 CPX
Participation Method: Lossless participation; full refund upon IEO conclusion
Token Unlock Schedule: 100% TGE unlock (fully circulating upon listing)
IEO Timeline (UTC+8):
Subscription Period: June 15, 12:00 – June 16, 14:00
Allocation Calculation Period: June 16, 14:00 – 16:00
Token Distribution Period: June 16, 16:00 – 18:00
KICKX/CPX Trading Launch: June 16, 20:00
