Friday, March 29

Everything you need to know about the KuCoin KCS Token


These are the latest news of the KCS Token, owned by the KuCoin exchange:

  • On December 1st, KCS broke its historical price record by reaching US$28.77.
  • KCS is the native token of KuCoin and is one of the few CEX with which you can earn passive income. By holding at least 6 KCS, you can generate a daily KCS bonus which comes from 50% of the daily KuCoin earnings.
  • Another advantage of using KCS is that it allows you to obtain 20% discounts on trading commissions, participate in Spotlight (IEO) and Burningdrop (a new launchpool product), book a trip on Travala and more.
  • In the same way as the public chain KCC token, KCS will be the fuel to power transactions onchain, liquidity extraction and more. KCC’s TVL is approaching $40 million with many emerging dApps interested.
  • Compared to other CEX tokens, KCS is the best broker with a 33x price increase since the beginning of the year.

1. What is KCS?

KCS is the native token of KuCoin which was launched in 2017 as a utility token that allows users to traders share the benefits of growth exchange. The total supply of KCS, has been set at 200 million and there is a planned buyback and burn until only 100 million KCS remain.

2. How is KCS related to KuCoin?

As a native token of KuCoin, the value of KCS is strongly related to that of the KuCoin exchange platform.

KuCoin is a exchange international cryptocurrency broker for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has become one of the most popular crypto exchanges. Currently, it offers operations of trading Spot, margins, P2P fiat trading, futures, staking Y Lending for its 8 million users in more than 207 countries and regions around the world.

Known as “The town exchange», KuCoin offers its users 24/7 customer support services in multiple languages. Also, KuCoin has been established around 19 local communities in North America, Europe, SEA and other regions, providing users with highly localized services.

As the home of crypto gems, KuCoin has backed about 600 projects with more than 1,000 trading pairs. A significant number of promising projects such as BLOK, KDA, ZKT and MOVR had a main listing on KuCoin.

In November 2018, KuCoin announced a round A funding of 20 million (USD) of IDG Capital Y Matrix Partners. According to CoinMarketCap, KuCoin is currently the third exchange largest cryptocurrency. In 2021, Forbes Advisor named KuCoin one of the best crypto exchanges.

What holder from KCS, you will be able to get a daily KCS bonus that comes from 50% of daily KuCoin earnings. Thus, as long as KuCoin grows, the KCS daily bonus will grow simultaneously.

3. What is the KCS Bonus?

KCS Bonus is a unique incentive for KCS holders and KuCoin ecosystem creators. It is also considered one of the best ways to earn passive income. Users who own at least 6 KCS can get a daily bonus, which comes from 50% of the daily commission income in KuCoin. The amount of rewards that users can get depends on the amount of KCS reservations and the trading volume of the Exchange KuCoin.

4. How is KCS related to Spotlight?

KCS holders can participate in the token sale at KuCoin Spotlight. KuCoin Spotlight is a platform serving early stage crypto projects and their token distribution. KuCoin users can participate in the early investment of their preferred projects through Spotlight and profit from it.

According to historical data, KuCoin has launched 14 projects Spotlight with the highest ROI over 2763%. To name a few, LUKSO has achieved a 122x token price increase and PDEX price increased 114x. Take VR as an example, now the price of VR is US$0.468. And the sale price of the token of Spotlight is $0.00295. If you had participated in the VR token sale in Spotlight at that point, his investment income would have multiplied more than 100 times.

5. How is KCS related to Burningdrop?

KCS holders can join BurningDrop. Burningdrop is a fair token distribution platform and has been supporting token distribution from a wide range of blockchain startups so far, including HORD, TCP, LOCG, LNCHX, XCAD, etc. Users can access the project token by locking a designated amount of crypto assets. Additionally, users can designate tokens to increase their computing power for further token distribution. To date, the average ROI of projects that have been listed through BurningDrop exceeds 3814%.

6. How is KCS related to KCC?

Another important milestone for KCS is the development of KCC, which is a decentralized public chain built by KCS fans and KuCoin fan communities. KCS is used as the exclusive fuel and native token for KCC and can be used to pay gas fees.

KCC is a high performance decentralized public chain. It features high performance, low latency, low transaction costs, as well as satisfactory security and stability. In addition, it aims to improve the processing power on-chain and performance with the Proof-of-Stake Authority (PoSA) consensus mechanism by reducing the block confirmation time to 3 seconds. Adopt KCS as gas rate on-chain to reduce overall transaction costs. By developing “faster transaction confirmation speed”, “higher transaction throughput” and “lower transaction fees”, KCC aims to provide community users with faster, more convenient and lower cost experiences.

The number of KCS addresses grew steadily throughout 2021. We have seen a positive impact on holder growth after the launch of the mainnet from KCC in June. KCS address growth on the KCC public chain contributed 45% of overall growth this quarter.

According to KCC Discover, TVL at KCC is close to US$40 million with emerging projects like Mojitoswap and Kuswap.

7. What is KCS burn?

KCS tokenomics is deflationary. The KCS team is running the KCS buyback and burn regularly. From January 2021, in order to speed up the KCS burning process and adapt to market development more efficiently, the KCS team decides to adjust the KCS buyback and burning period from quarterly to monthly. So far, KCS has completed 11 burns this year. A total of 3,313,482 KCS have been burned, which is equivalent to 37 million dollars.

8. Where has KCS been included?

KuCoin is the largest of the markets for KCS with average daily volume of 20 million. KCS’s liquidity continues to improve as KCS has been listed on exchanges among which KuCoin, MXC, Poloniex, AscendEX (former Bitmax) and Probit stand out.

9. What are the other use cases for KCS?

KCS is a payment method. In addition, it has a significant number of use cases in daily life. You can shop online, reserve a hotel room and play games through KCS. More KCS usage scenario is listed below.

  1. SwirlPay, a decentralized payment service that supports payments on KCS.
  2. PlayGame, a gaming platform direct-to-play which allows users to play with KCS.
  3. KCS can be used for hotel reservations in Travala, the leading travel and hotel reservation platform on the Blockchain.
  4. Buy fashion products in Print-ted with KCS.
  5. KCS is capable of supporting various online and offline payment scenarios with Pundi X.
  6. Use KCS to purchase packages of monster card in Splinterland.
  7. Collateralize KCS for US Dollar (USD) and Vietnamese Dong (VND) loans at Constant.
  8. CoinPayments, a borderless online payment platform, accepts payments in KCS.
  9. BetProtocol, added KCS as the main token used in its gaming applications.



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