What Is Kucoin? (KCS) Complete Guide & Review About Kucoin

What Is Kucoin?

Kucoin is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the decentralized trading solution goes live, KCS will be the native asset of decentralized financial services as well as the governance token of the community in the future.

KuCoin has also announced that “Empowering KCS” will be a key priority of and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire ecosystem. With the development of DEX and , KCS will also be the underlying fuel and general token for future decentralized products. More details will likely be released in the near future.

KuCoin Storage Key Points

KuCoin Token Unique

KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the Exchange.

The KCS Used For

Besides being paid out as a dividend, KCS, as a utility token, is also used to pay for trading fees on the Exchange, allowing users to enjoy discounts of up to 80%. The use case of KCS also includes participation in the token sale on Spotlight, as well as LockDrop/BurningDrop on the Pool-X platform.

But this is not all, as KCS tokens also serve a series of other purposes on the platform. For instance, KCS holders can become VIPs and users no longer need to have a huge BTC trading volume to unlock the reduced maker and taker fees. KCS can also be used as a payment method for shopping, making hotel reservations, buying gaming equipment, and more.

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How Is the KuCoin Token Network Secured?

KuCoin employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.

It uses a multi-cluster and multi-layer architectural system that can accommodate more than one transaction at the same time, ensuring system stability throughout every transaction.

KuCoin BitMax ProBit Exchange

Customer Service Available 24/7

Don’t know what Bitcoin is? Don’t know how to trade or how to check the markets? Feel free to ask your questions to KuCoin customer support.

KuCoin Community

The Global Communities cover 205 countries and 13 languages to help reach millions of users worldwide.

News

KuCoin News will keep you up to date with the latest market news in crypto.

Who Are the Founders of KuCoin Token?

The Exchange is a cryptocurrency exchange headquartered in Singapore. It launched on September 15, 2017. The company was originally co-founded in 2013 by the following people: 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.

Where Can You Buy KuCoin Token (KCS)?

The Token (KCS) trading can be found on the following exchanges:

KuCoin

BitMax

ProBit Exchange