$KFT Startup Sale & Listing on Gate.io!

Knit.Finance
3 min readAug 30, 2021

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With all the recent hype and news surrounding DeFi and our innovative wrapping & Liquid protocol product, there’s nothing stopping us from continuing to stampede our way to success!

We’re moving at the speed of light, celebrating past successes but staying focused on what the future holds. And now, we have even more exciting news to share with everyone.

The Knit Finance team is pleased to announce that Gate.io will hold IEO for our $KFT token with a total sale allocation of 20,000$ . Users will be able to participate in the IEO & $KFT will soon be listed on Gate.io!

Token Details :-

Ticker :- $KFT
Total supply: 100,000,000 $KFT

Initial circulating Supply : 7,850,000 $KFT

Public sale price : $0.19

Gate.io, coined “Your gateway to cryptocurrency,” is a popular cryptocurrency exchange and trading platform. It earned its strong reputation through offering low trading fees, a multitude of popular crypto tokens, advanced trading mechanisms, and more.

We’ve chosen to work with Gate.io because of its trustworthiness, networks, and large user base. The $KFT listing on the exchange will surely expose our token to previously untapped liquidity and growth opportunities within the ecosystem.

$KFT Startup sale rules:

1) Duration: 4:00 AM — 12:00 PM(UTC), September 2nd, 2021 (Orders placed by qualified users within these 8 hours will be treated equally.)

(2) To participate in the Startup Sale, users will need to be VIP1 and above.

(3) Price: $0/KFT; Price: $0.19; Startup Supply:1,05,263 KFT

(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:

the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10. For example:

VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares

VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares

(5) Users place orders using USDT.

(6) Users can place orders from 4:00 AM — 12:00 PM(UTC), September 2nd, 2021. Orders placed by qualified users within these 8 hours will be treated equally.

(7) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.

(8) Each type of currency can only be purchased once with each KYC account.

(9) After 12:00 PM(UTC), we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.

(10) Trading starts time: 4:00 AM(UTC), 3rd September, 2021

Listing Details

Data & time: Users will be permitted to trade $KFT on the Gate.io platform. We’re looking forward to the token officially going live just as much as you are!

You can now deposit your $KFT tokens into your Gate.io wallet in order to prepare for the sale if you’re looking to trade the token.

Gate.io will be supporting the following trading pairs on its platform:

  • KFT/USDT

About Gate.io

Gate.io was founded in 2013 and is one of the earliest cryptocurrency exchanges to emerge in the industry. It was originally based in China but is now located and headquartered in the United States. With over 180 tokens and more than 350 different markets, it offers plenty of choices from large to small-cap assets.

The exchange also offers spot and margin trading, competitive trading fees, relaxed KYC policies, borrowing and lending, and more.

To learn more about Gate.io, visit their website.

Article : https://www.gate.io/en/startup/169/

Startup Page: https://www.gate.io/en/article/22188/

Participate in ongoing Whitelisting Round 2 https://twitter.com/KnitFinance/status/1431975443046019073

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Knit.Finance

Upgrading Decentralized Finance