This launch comes several days after Matic Network (MTX), a platform for scalable and instant blockchain transactions based out of India, was announced as the next project set to launch its token on Binance’s token sale platform, the Binance Launchpad. Interestingly, the sale had a negligible effect on the price of KuCoin Shares, despite the fact KCS was up over 35% leading up to the sale.
Source: https://sludgefeed.com/kucoins-first-token-sale-sells-out/