KuCoin Token ‘s stream share of the integral cryptocurrency marketplace is 0.11 %, with a market capitalization of $ 1.03 Billion. You can find more details about KuCoin Token on its official web site and on the forget internet explorer. KuCoin Token ( KCS ) is the native currency to the KuCoin exchange. It is an ERC20 nominal that was launched in 2017 and functions as a utility token. KuCoin plans to make the token the native asset of KuCoin ’ s planned decentralized deal solution, arsenic well as become the administration token of the KuCoin community in the future. KCS has a circulating provide of 80,118,638 KCS, and the substitution routinely rewards KCS holders with daily bonuses. The initial total add was 200 million, however the execution of the platform ’ s token burn scheme has lowered this number. KuCoin ’ s redemption and burn strategies will continue until there are lone 100 million tokens are left .
What are KuCoin Token’s key features and how does it work?
KuCoin is a global crypto exchange that presently provides a variety of services for traders. These include blemish deal, margin trade, P2P decree trade, futures deal, staking, and lend. It has users in 207 countries and regions around the global. At the centre of the KuCoin ecosystem lies its keepsake, KCS. It will function as the underlying fuel and native token of all KuCoin decentralized products.
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The KuCoin exchange tends to list small-capitalization cryptocurrencies that have large growth likely. As such, it offers traders acces to a boastfully compass of tokens, including lesser-known coins. It besides offers a relatively generous profit-sharing incentive – up to 90 % of trading fees are returned to KCS holders .
What is noteworthy about KuCoin Token?
KuCoin Token has a alone bonus plan for its traders making the asset noteworthy. This is known as KCS Bonus, and is an incentive system for KCS holders and KuCoin ecosystem builders. Users who hold at least 6 KCS are entitled to a day by day bonus, which comes from 50 % of KuCoin ’ s daily trade fee tax income. The amount of rewards that users can get is determined by the issue of KCS held and the overall trade volume on the KuCoin Exchange. As such, as trade volume on KuCoin increases, users will gain higher rewards .
What can KCS be used for?
As previously mentioned, KCS is a utility token and consequently it has a number of use cases. In the KuCoin ecosystem, KCS can be used to pay trade fees on the KuCoin Exchange, allowing users to receive discounts of 20 %.
KCS can besides be used as a mean for engagement in token sales on KuCoin Spotlight, a well as LockDrop/BurningDrop on the Pool-X platform. additionally, KCS can be used as a requital method acting for the follow :
- The SwirlPay decentralized payment service;
- PlayGame, a direct-to-play gaming platform;
- To make hotel reservations on Travala, a leading blockchain travel booking platform;
- Various offline and online transactions via Pundi X;
- To buy monster card packs on Splinterlands;
- The CoinPayments borderless online payment platform.
Where can you buy KCS?
KCS can be bought on different exchanges. naturally, KuCoin is the most popular with the highest trade book .