According to TechFlow, crypto trading platform CoinUp launched the CPX World Cup principal-protected IEO season on June 14, with KICKX selected as the token for this offering. The event provides a total IEO allocation of 10,000,000 KICKX out of a total issuance of 100,000,000 KICKX. CPX is the designated participation currency, and the IEO price is set at 1 KICKX = 0.01 CPX.
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 full amount will be returned through the original route, with no fund consumption generated by participation in the offering.
The allocation method follows an oversubscription equal-distribution model. CoinUp has removed the individual participation cap for this event, and the amount of KICKX each user receives will be directly related to the proportion of their subscribed funds in the total subscribed amount.
The event details also state that KICKX will follow a 100% TGE unlock mechanism, meaning the tokens will be fully circulated upon listing. Users participate with CPX, and the final token distribution will be calculated during the statistical period before the token release window begins.
IEO schedule and KICKX/CPX trading time
Under the UTC+8 schedule, the IEO participation period runs from 12:00 on June 15 to 14:00 on June 16. The IEO statistical period is set for June 16 from 14:00 to 16:00. Token distribution is scheduled from 16:00 to 18:00 on June 16.
The KICKX/CPX trading pair is scheduled to open for trading at 20:00 on June 16. The main parameters of the event are: total issuance of 100,000,000 KICKX, IEO allocation of 10,000,000 KICKX, CPX participation, an IEO price of 1 KICKX = 0.01 CPX, principal-protected participation, full return of funds after the IEO, and 100% TGE unlocking at launch.