TechFlow reported that on June 14, crypto trading platform CoinUp launched the CPX World Cup principal-protected IEO season. The token offered in this IEO is KICKX, and the total IEO allocation is 10,000,000 KICKX. Users participate with CPX under the activity rules announced by the platform.
Principal-Protected Participation and Oversubscription Allocation
The IEO uses a principal-protected participation mechanism. During the participation period, user funds are used only to calculate allocation shares. After the IEO ends, the funds will be returned in full through the original route, with no fund consumption generated by the participation process.
The allocation method is based on an oversubscription equal-allocation model. CoinUp has removed the individual participation cap for this event. The amount of KICKX each user receives is directly related to the proportion of that user’s subscribed funds compared with the total subscribed funds.
According to the activity details, the total issuance is 100,000,000 KICKX. The IEO allocation is 10,000,000 KICKX. The participation currency is CPX, and the IEO price is set at 1 KICKX = 0.01 CPX. The participation method is principal-protected, and the subscription funds will be fully returned after the IEO ends.
Participation, Calculation, Token Distribution and Trading Schedule
The unlocking mechanism for this IEO is 100% TGE unlocking, meaning the full allocation will be in circulation once listed. All activity times are based on UTC+8. The IEO participation window runs from 12:00 on June 15 to 14:00 on June 16.
The IEO calculation period is scheduled from 14:00 to 16:00 on June 16. Token distribution will take place from 16:00 to 18:00 on June 16. Trading for the KICKX/CPX pair is scheduled to open at 20:00 on June 16.
These disclosed rules cover the main parameters of CoinUp’s CPX World Cup principal-protected IEO season, including the KICKX allocation size, CPX participation currency, subscription price, refund mechanism, TGE unlocking arrangement, and the timeline for participation, statistics, distribution and trading.