The finale of KIRA's online public offering round - the liquidity auction is about to start

We are pleased to announce that the KIRA Public Liquidity Auction will start at 3:00 PM UTC on November 25, 2020 (23:00 Beijing time on the same day), and the auction is expected to end within 24 hours , once the financing target is reached earlier than expected, the auction will also end early.

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About the auction

herehereturn up. Setting the initial hard cap high makes sense, as it allows us to ensure that the auction doesn't end too quickly, at least for the first hour, while also ensuring that everyone has the opportunity to deposit tokens on time, and that no Affected by high Gas fees.

The image above shows an example simulation of a KIRA liquidity auction.

This auction only accepts ETH, and the longer auction participants wait to transfer ETH after the auction starts, the lower the potential final price of the auction will be. However, if auction participants "deliberately" wait a long time in order to get a low price, it will also greatly reduce the chances of all auction participants managing to acquire KEX tokens before the hard cap is reached and the auction ends. In fact, the closing price of KEX tokens is the same for everyone, no matter when the auction participants transfer ETH to the contract address, as long as they set a price as low as possible while the auction is in progress, the closing price of KEX will eventually be Determined at the end of the auction, the price will be based on the total amount of ETH contributed divided by the total number of KEX tokens allocated to the auction.

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Auction Rules and Requirements

Anyone may participate in this auction, except residents or citizens of North Korea, Iran, and non-accredited investors in the United States. If an auction participant wants to qualify for the auction, they must submit their Ethereum public key before being whitelisted. Additionally, auction participants will need to complete a KYC form at:

https://whitelist.kira.network

Auction participants who wish to be whitelisted must complete the KYC form above by 23:59:59 UTC on November 23, 2020, after which no further submissions will be accepted. Auction participants can visualize the real-time status of this auction by visiting the following URL:

https://auction.kira.network

If you want to participate in this auction, in addition to verifying the validity of the deposit address, you also need to transfer ETH to the contract address starting at 15:00:00 UTC on November 25, 2020, but we will There are no specific requirements for what front-end application to use or to take any other action:

https：//auction-contract.kira.network

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After the auction, each auction participant can withdraw their KEX immediately, just inThis page from EtherscanSend a "claim token" (claimToken) transaction. Alternatively, the Kira team will perform withdrawals for those participants who have not claimed within 24 hours of the auction closing.

In order to ensure fairness, tokens cannot be transferred until the auction is finally closed. The token transfer transaction function will be available at 15:00 UTC on November 27, 2020 (23:00 Beijing time on the same day), and we will also announce a dedicated Uniswap pool soon. The market opening price will be determined at the end of the liquidity auction. In order to prevent potential "coin grabbing" and other scams, until the first listing, the transaction and transfer intelligence of tokens will only be carried out through pre-set and audited smart contracts and pools. Welcome to our TelegramSummarize

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KIRA is committed to providing users with the highest standards in terms of security. All contracts approved and deployed by the KIRA team have passed the corresponding third-party audits. These audits will be publicly disclosed on the KIRA official GitHub page, and we will also detail the complete code. Libraries and deployments available for testing.

We encourage everyone to take a further look back at KIRA’s 1st and 2nd Security Challenge events, which delved into various potential vulnerabilities that the cryptocurrency industry may encounter on a daily basis. We wish you good luck in the upcoming KIRA liquidity auction, and hope that you can continue to support KIRA's subsequent community acquisition and incentive plans.

To join the Kira community, you can add the WeChat account "OureaAI".