KuCoin, the cryptocurrency exchange known as the People's Exchange, has announced another significant airdrop, sparking excitement among its users eager to partake in the $10 million rewards program. This initiative, designed to compensate for recent withdrawal congestion, also aims to reward the platform's dedicated user base.

Step-by-Step Guide to Claiming KuCoin's $10 Million Airdrop for Users

This airdrop initiative aims to apologize to those affected by recent withdrawal congestion while thanking existing KuCoin users. If you are eligible for the airdrop, here is a detailed guide on how to claim it.

1. Check Eligibility: To qualify for the airdrop, you must have experienced withdrawal congestion between March 26 at 22:00 and March 28 at 00:00 (UTC+8). If you meet the requirements, proceed to claim your airdrop.

2. Amount and Rules: The total airdrop amount is $8.95 million, distributed in equivalent BTC/KCS tokens. Furthermore, the distribution is based on the duration of withdrawal congestion experienced by each KuCoin user, and the airdrop value ranges from 5 to 200 USDT. Meanwhile, the distribution will be completed within one week of the announcement date.

3. Claiming Process: The airdrop will be distributed in token vouchers that can be exchanged 1:1 for BTC/KCS tokens within seven days. To claim your airdrop, log into the KuCoin cryptocurrency exchange app and go to the "My Coupons" section. Follow the prompts to redeem your token vouchers, which will be seamlessly converted into BTC/KCS tokens.

KuCoin Expands Airdrop Plan to Reward More Users Amidst Withdrawal Delays

Previously, the KuCoin airdrop plan was only aimed at users experiencing withdrawal congestion. However, KuCoin announced today that other loyal users will be eligible for an airdrop. KuCoin's Existing User Airdrop Plan is aimed at users who had substantial assets in their account during the specified period but did not withdraw them.

These users may qualify for a larger airdrop. However, specific details about the airdrop plan for existing users are still unknown. Details will be announced in the coming week.

Furthermore, KuCoin encourages users to monitor future updates to ensure they don't miss any additional benefits. It's also worth noting that some users may not receive the airdrop due to local regulatory restrictions.

Photo: KuCoin/Twitter