Kujira (KUJI) coin safe sale operation process

The Kujira Safe Sale successfully raised 15 million USD in funding for the development and launch of the Kujira protocol, an innovative decentralized lending and staking platform.

Dec 26, 2024 at 05:18 am

Key Points:

• Kujira (KUJI) is a decentralized, permissionless protocol that enables efficient liquidations and maximizes yield on DeFi lending and staking protocols.
• The KUJI token serves as the protocol's governance and utility token.
• The Kujira Safe Sale launched on March 23, 2022, and concluded on May 11, 2022, raising a total of 15 million USD in funding.

Operation Process:

1. Registration

• Potential participants registered on the Safe Sale website, providing basic information, including their email address, wallet address, and social media handles.
• Participants were required to pass KYC (Know Your Customer) verification to ensure compliance with anti-money laundering regulations.

2. Tier Allocation

• Registered participants were allocated tiers based on their social media engagement and community contributions.
• Higher tiers received larger allocations of KUJI tokens during the Safe Sale.

3. Lottery Selection

• A lottery was conducted to determine which registered participants would participate in the Safe Sale.
• The lottery weighted allocations based on the participant's tier, ensuring a fair distribution of tokens.

4. Payment and Token Distribution

• Selected participants could purchase KUJI tokens using either USDT (Tether) or UST (TerraUSD), a stablecoin pegged to the US dollar.
• Tokens were distributed to participants' wallets after the Safe Sale concluded.

5. Token Release Schedule

• KUJI tokens were released to participants over a period of 365 days following the Safe Sale.
• The release schedule aimed to prevent large price swings by gradually releasing tokens into the market.

FAQs:

Q: What is the purpose of the Kujira Safe Sale?
A: The Safe Sale raised funds to develop and launch the Kujira protocol. Funds were used for technology development, team expansion, and marketing initiatives.

Q: Why use a lottery system for token distribution?
A: Using a lottery ensures a fair and equitable distribution of tokens among qualified participants, preventing insider trading and manipulation.

Q: What can I do with KUJI tokens?
A: KUJI tokens can be used for governance, staking, and participating in yield-generating opportunities within the Kujira protocol.

Q: When did the Kujira protocol launch?
A: The Kujira protocol launched in June 2022, shortly after the conclusion of the Safe Sale.

Q: Where can I trade KUJI tokens?
A: KUJI tokens are listed on various cryptocurrency exchanges, including Binance, Huobi Global, and KuCoin.