KuCoin Token (KCS) is the native utility token of the KuCoin cryptocurrency exchange More
| Fully Diluted Valuation | $1.77B |
|---|---|
| 24H Trading Volume | $3.81M |
| 24H Low / High | $12.24 / $ 12.61 |
| Circulating Supply | 127.42 M |
| Total Supply | 142.42 M |
| Max Supply | ∞ |
| Categories | Exchange-based Tokens 2 more |
|---|---|
| Founder | Kent Li 1 more |
| Website | kucoin.com |
| Socials | |
| Explorer | Kcc 1 more |
| Name | Pair | OG Score |
|---|
KuCoin Token (KCS) has emerged as a key player in the cryptocurrency market since its launch in 2017. Serving as the native token of the KuCoin exchange, KCS offers a unique blend of profit-sharing features, utility, and incentives, making it a compelling choice for traders and investors. In this article, we'll delve into the distinctive features that set KCS apart and explore the various use cases that contribute to its growing popularity.
Overview of KuCoin Token (KCS):
KCS was introduced as an ERC-20 token on the Ethereum network, initially with a total supply of 200 million. However, a strategic buyback and burn program has been implemented, aiming to reduce the total supply to 100 million. This reduction is aligned with the development of KuCoin's decentralized trading solution, where KCS is poised to become the native asset and governance token of the KuCoin community.
Empowering KCS:
KuCoin has expressed its commitment to "Empowering KCS," transforming it from a simple token into a dynamic product within the KuCoin ecosystem. This strategic move aims to diversify the benefits available to KCS holders, making it a central component of KuCoin's decentralized financial services and future governance structures.
KCS Bonus and Passive Income:
One of the standout features of KCS is the KCS Bonus, a mechanism that rewards users holding more than 6 KCS with a daily dividend. This dividend is derived from 50% of KuCoin's daily trading fee revenue, providing a unique way for KCS holders to earn passive income. The amount of rewards is contingent on the number of KCS held and the trading volume on the KuCoin Exchange.
Utility of KCS:
Beyond its role as a dividend-bearing asset, KCS serves various utility functions. Users can use KCS to pay for trading fees on the KuCoin Exchange, enjoying discounts of up to 80%. Additionally, KCS is involved in token sales on KuCoin Spotlight and participates in LockDrop/BurningDrop on the Pool-X platform. KCS holders can also leverage their tokens to become KuCoin VIPs, unlocking reduced maker and taker fees. Furthermore, KCS can be used as a payment method for shopping, hotel reservations, gaming equipment, and more.
KCS Burn:
To control the token supply, KuCoin and the KCS team conduct quarterly buybacks and burn a portion of the tokens. The amount of KCS burned is determined by the quarterly trading volume on the KuCoin Exchange, ultimately aiming to settle the circulating supply at 100 million.
Security Measures:
KuCoin prioritizes the security of its network, employing standard encryption protocols to safeguard user data and transfers within the system. The platform utilizes a multi-cluster and multi-layer architectural system, enabling simultaneous transactions while ensuring system stability.
Founders of KuCoin:
Established in 2013, the KuCoin Exchange was co-founded by a team including COO Eric Don, marketing director Jack Zhu, president of business operations John Lee, operations and maintenance director Kent Li, chief legal consultant Linda Lin, CEO Michael Gan, and CTO Top Lan. The exchange officially launched on September 15, 2017.
Conclusion:
KuCoin Token (KCS) has evolved into a multifaceted asset, offering a combination of passive income, utility, and governance within the KuCoin ecosystem. As the platform continues to develop its decentralized solutions and governance structures, KCS is poised to play a pivotal role, providing users with a diverse range of benefits.
KCS is positioned as the native asset for KuCoin's decentralized financial services, governance token for the KuCoin community, and a key element in the development of KuCoin's decentralized products, including the decentralized exchange (DEX) and KuChain. Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
KuCoin Token (KCS) stands out with its KCS Bonus program, providing users with a passive income by offering daily dividends from 50% of KuCoin's trading fee revenue. KCS is also a utility token, enabling discounts on trading fees and serving various purposes within the KuCoin ecosystem.
KuCoin Exchange was co-founded in 2013 by a team including COO Eric Don, marketing director Jack Zhu, president of business operations John Lee, operations and maintenance director Kent Li, chief legal consultant Linda Lin, CEO Michael Gan, and CTO Top Lan.
You can buy KuCoin (KCS) on Bybit, MEXC, KuCoin, BitMartBYDFi cryptocurrency exchanges.
