KIRA Network - Public Sale
The KIRA development team is excited to announce that KIRA's public liquidity auction will begin. at 22:00 on November 25, 11 and will end within 24 hours or after the Hard Cap is reached.
Customizable liquidity auctions Hard and Soft cap (based on the Dutch auction mechanism) will be deployed, to ensure that auction participants are included whitepaper there will be an equal opportunity to own KEK tokens at a time when the best price is driven by market demand.
Information about the auction
The auction will begin with the pricing ~ 3.00 USD per KEXand the price will be adjusted down quickly ~ 1.00 USD per KEX within 1 hour.
Over the next 23 hours, the price will continue to slow down until it stops ~ 0.075 USD per KEX, and is equivalent to completion 300k USD Soft-cap. Please see the time allocation table below.
Through setting the initial Hard-cap to a reasonable high within the first hour, the auction is less likely to end suddenly. Team KIRA also makes sure that everyone will have the opportunity to deposit tokens at the right time without having to. GAS War.
The auction will only accept ETH. The longer a participant prolongs the ETH transfer after the auction begins, the less chance they will be able to own KEX tokens at the best price.
However, this also greatly reduces the chance that all participants will calculate to own KEX tokens before reaching the Hard-Cap and at the end of the auction. Final closing price of KEX token that everyone buys will be the same and be chosen at the lowest possible rate.
The value of ETH transferred will be calculated according to the time the participant successfully sends ETH to the smart contract address of the Kira Network, and as long as the auction is still ongoing. The closing price of the KEX will be determined at the end of the auction and will be based on the total contribution value in ETH divided by the total KEX tokens allocated to the Auction.
Total KEX Tokens allocated to the Liquidity Auction will be fixed as 4.000.000 KEX, worth $ 300K at $ 0.075. The value of ETH in the auction pool will be locked for 24 hours and calculated according to the value of ETH / USD above CoinGecko.
Although theoretically, it is possible that the total ETH value of all donations would exceed the USD 300k soft-cap set by KIRA, Any funds (ETH) contributed in the auction above the Soft-cap will be used to facilitate future listing of KEX and increase KEX liquidity in the open market. Therefore, they (the amount of ETH in excess of Soft-cap) will also be brought back to support the participants' ecosystem over time.
Rules and requirements
Anyone can participate in the auction, except for residents or citizens of North Korea, Iran, and unrecognized investors from the United States.
To be eligible, the participants must submit their public Ethereum key to the whitepaper and fill out the aKYC form available here: https://whitelist.kira.network
The whitepaper form MUST be completed by 06:59:59 on November 23, 11. Forms submitted after this time will not be accepted. Auction UI with live status display will be available at the following address: https://auction.kira.network.
To participate in the auction, there is no requirement to use the frontend application or take any action other than verifying the validity of the deposit address, and transferring ETH after the auction starts. November 25, 11 at 2020:22, arrive at contract address: https://auction-contract.kira.network
- Anyone can participate in the auction, except for residents or citizens of North Korea, Iran, and unrecognized investors from the United States. To be eligible, participants must submit their public Ethereum key to the whitepaper and fill out the aKYC form available here: https://whitelist.kira.network
- The whitepaper form MUST be filled out by 06:59:59 UTC November 23, 11, after that time will not be accepted. Auction UI with live status display will be available at the following address: https://auction.kira.network
- To participate in the auction, there is no requirement to use the frontend application or take any action other than verifying the validity of the deposit address and transferring ETH after the auction started on the day. November 25, 11 2020:22, to the contract address: https://auction-contract.kira.network
ERC20 KEX Tokens will be automatically distributed to the participant within 24 hours after the auction ends.
Everyone participating in the auction will be able to withdraw KEX tokens immediately after the end of the auction, by sending RequestTokens transactions directly from the site. Write Contract by Etherscan.
Additionally, the KIRA team will assist with token withdrawal for participants who do not claim their tokens ~ 24 hours after the auction ends.
The tokens will be non-transferable after the end of the auction, to ensure that everyone receives their KEX before market access is activated with equal opportunities.
KEX token trading will be activated November 27, 11 at 2020:22 o'clock through the pool Uniswap dedicated (to be announced soon). The opening price will be set to be the Liquid Auction closing price.
Up to the time of official listing, transactions and transfers will only be allowed to move to and from predefined groups and contracts. This is to prevent all possible scams.
Team KIRA strives to ensure the highest standards of security for our community. All contracts confirmed and implemented by the KIRA team have their respective third-party audits, and are publicly available on KIRA's official GitHub page along with a full code base and implementation instructions. available for testing.
Good luck to all of you on the upcoming Kira Liquidity Auction!