Marketplace KuCoin announced the launch of the platform for the initial exchange of proposals (IEO) under the name Spotlight.

Introducing KuCoin Spotlight

KuCoin has been persistent in its pursuit of finding and supporting the blockchain projects with real potential. KuCoin”s vision brings a Spotlight to the stage.

Read more about this news on:

— KuCoin Updates (@KuCoinUpdates) 20 March 2019 R.

Blog exchange says that information about the first tokencache will appear later this week. It is also known that the tokens will be allocated on a first-come, first-served basis (“first come, first served”), that is, in order of receipt of applications from investors. To purchase the assets of new projects will use your own token exchange KuCoin Shares (KCS).

To participate in tokencache users will need to get verified. Some countries and regions will not be allowed to IEO on KuCoin.

We will remind, after Binance conducted on the basis of its platform two extremely successful IEO — BitTorrent and, analog Launchpad appeared on the stock exchange OKEx. Soon to launch my very own IEO platform announced Bittrex International.

ForkLog also previously reported that the South Korean stock exchange ProBit held IEO in just five seconds.