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Dear KuCoin Users,
KuCoin has now opened the deposit, withdrawal and trading services of VET. With the generation of each new block of VET, corresponding VTHO will be generated. Therefore, for all users holding VET on KuCoin, we will calculate the daily VTHO generated by the users from August 17, 2018, and distribute VTHO on a monthly basis.
- Daily VTHO generated by each user = Daily total VTHO generated by KuCoin * User VTHO holdings ratio
- User VTHO holdings ratio = User VET holdings, based on snapshots taken at 00:00 (UTC+8) daily / Total VET held on KuCoin
- VET balances under 1 VET (including those in open orders) will not be included into the daily VTHO calculations.
- VTHO generation is calculated daily but distributed monthly. Distributions will be completed before the 20th of each month.
- KuCoin will begin calculating VTHO from 17/8/2018.
Thanks for your support!
The KuCoin Team