KuCoin Teases Another Major Airdrop As Users Queue To Claim $10M Rewards

Coingapestaff
March 30, 2024 Updated October 22, 2024
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Highlights

  • KuCoin recently announced another massive airdrop for its loyal users.
  • The details are still underwraps and will be available next week.
  • It also rolled out instructions to claim the ongoing $10 million airdrop.

As part of its commitment to prioritizing user security and satisfaction, KuCoin, known as the People’s Exchange, has announced another airdrop for its loyal users. This comes after it offered a massive $10 million airdrop plan for its users. Hence, KuCoin users are ecstatic to participate in the reward program.

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How To Claim $10 Million Airdrop?

This airdrop initiative aims to apologize to those affected by recent withdrawal congestion and express appreciation to existing users on KuCoin. If you’re eligible for the airdrop, here’s a comprehensive guide on how to claim it.

1. Check Eligibility: Ensure that you experienced withdrawal congestion between March 26, 22:00, and March 28, 00:00 (UTC+8) to qualify for the airdrop. If you meet the criteria, proceed to claim your airdrop.

2. Amount and Distribution Rules: The total airdrop amount is $8.95 million, distributed in equivalent BTC/KCS tokens. Moreover, the distribution is based on the duration of withdrawal congestion experienced by KuCoin each user, ranging from 5 to 200 USDT in airdrop value. Whilst, the distribution will be completed within one week from the announcement date.

3. Claiming Process: The airdrop will be issued in the form of token vouchers, which can be exchanged 1:1 for BTC/KCS tokens within seven days. Log in to the KuCoin crypto exchange app and navigate to the “My Coupons” section to claim your airdrop. Follow the prompts to redeem your token vouchers and convert them into BTC/KCS tokens seamlessly.

Also Read: Shiba Inu Price Dips 6% As Whale Dumps 1.4T SHIB To KuCoin

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New Airdrop Plan By KuCoin

Earlier, the KuCoin airdrop plan was only aimed at users who faced withdrawal congestion issues. However, KuCoin announced today that other loyal users would also be eligible for an airdrop. The Existing User Airdrop Plan by KuCoin is aimed at users who held substantial assets in their account during the specified period and did not withdraw any assets.

These users may be eligible for a larger airdrop. However, the details of the specific airdrop plan for existing users is still under wraps. The details will be announced in the coming week.

Moreover, KuCoin urges users to keep an eye on further updates to ensure you don’t miss out on additional benefits. Also, it’s important to note that some users may not receive the airdrop due to regulatory restrictions imposed in their location.

Also Read: KCS Plunged 18% This Week Amid Kucoin’s Regulatory Woes

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.