KuCoin (kcs) Price Index

In 2017, KuCoin developed KCS as a profit-sharing token to allow traders to benefit from the exchange's value. As an Ethereum-based ERC-20 token, it could be stored in nearly all Ethereum-compatible wallets. At 200 million tokens, a repurchase and burn strategy is in place until there are only 100 million KCS left. A decentralized trading solution will be launched for KuCoin in the future, and the KuCoin community's governance token, KCS, will be the native asset of these services.

To further expand the advantages available to KCS holders, KuCoin has stated that "Empowering KCS" would be one of the company's top priorities and that it plans to grow KCS into a "killer product" rather than a token. Ultimately, KCS is the pillar of the KuCoin ecosystem. KCS will be the underlying fuel and universal token for future KuCoin decentralized goods with the development of DEX and KuChain. In the near future, we may expect to learn more specifics about this.

What Is So Special About The KuCoin Token?

One of the finest methods to earn passive money is with KCS Bonus. Every day, users with more than six KuCoins can get a 50 percent share of the daily trading fee earnings as a dividend. The KCS Bonus is a one-of-a-kind reward for KuCoin ecosystem creators and KCS holders. A user's payout depends on how many KuCoins they own and how active the KuCoin Exchange is.

What Is the Purpose of The KCS?

For trading costs on the KuCoin Exchange, KCS is utilized as a utility token in addition to paying dividends. This results in significant savings for customers because of the steep discounts offered. In addition to participating in the KuCoin Spotlight token sale and LockDrop/BurningDrop on the Pool-X platform, KCS may also be used for other purposes. However, this is not the only use for KCS tokens on the network. The lowered maker and taker costs are now available to anybody, not only KuCoin VIPs who have a lot of BTC in their account. KCS may also be used to make hotel reservations, purchase gaming equipment, and other purchases.

KCS Burn: What Is It?

200 million were allocated for the KCS's first stockpiling Every quarter, KuCoin and the KCS team purchase back KCS from the market and burn it. how much KCS will be burnt

depends on the KuCoin Exchange's quarterly trading volume. There will be only 100 million KCS in circulation at some point in the future.

how safe is the KuCoin Token network?

Users' data and data transfers inside the system are kept secret from other users thanks to KuCoin's usage of the industry standard encryption technique.

With a multi-cluster and multi-layer architectural framework, it is able to handle several transactions simultaneously, assuring system stability.

KuCoin Token Founder?

One of Singapore's leading cryptocurrency exchanges, the KuCoin Exchange, has been around since 2013. On the 15th of September, 2017, it became live. In 2013, the following persons were involved in the company's founding: CEO Michael Gan, CTO Top Lan, COO Eric Don and marketing director Jack Zhu make up the senior management team of the company's Chinese subsidiary.