KuCoin Supports VeChain’s Hayabusa Upgrade — Final Passive VTHO Distribution Completed

Dear KuCoin Users,

KuCoin has distributed all VTHO to VET holders generated prior to the Hayabusa hard fork, including the distributions for November and December 1 and 2. Users can check their accounts by going to Assets >My Bonus and checking the Other Rewards.

KuCoin VTHO Distribution Rules:

KuCoin 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.

Notes:

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.

KuCoin will begin calculating VTHO from 17/8/2018.

Holding accounts include Funding, Trading, Margin, Futures, Bot, Finance, Options, and Copy Trading.

Important Update：

After the Hayabusa hard fork, KuCoin will cease distributing passive VTHO to all VET holders. According to the new VTHO generation rules, only VET that is staked on-chain (through validators or delegation) will continue to receive VTHO rewards.

For more details, please refer to the following links or contact the VeChain team:

Medium: https://vechainofficial.medium.com/vtho-tokenomics-under-hayabusa-from-static-to-dynamic-issuance-389af6cca787

X (Twitter): https://x.com/vechainofficial/status/1989341753804022247

Thanks for your support!

The KuCoin Team

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