KuCoin Token/KCS#62 14

What is KuCoin Token (KCS)? 

KuCoin Token, KCS, or KuCoin shares is the platform cryptocurrency of KuCoin, the global’s leading Crypto exchange. It was launched in 2017 as a profit-sharing platform for traders. Initially issued as an ERC-20 token on the Ethereum network, it gained support from most Ethereum wallets. 

KCS plays a crucial role in KuCoin’s decentralized finance (DeFi) solutions as a governance token of the KuCoin community and a pillar asset for upcoming decentralized products. Kucoin has expressed a commitment to enhancing KCS, by transferring it from a mere token to a central feature of its ecosystem, diversifying the benefits for KCS holders. 

The KCS Bonus program is an attractive opportunity for KCS holders to generate passive income. Users holding a minimum of 6 KCS are eligible to receive daily dividends derived from 50% of KuCoin’s daily trading fee revenue encouraging the growth of the KuCoin ecosystem.

The KuCoin exchange, headquartered in Seychelles was established on September 15, 2017. Co-founded by Ke Tang and Chun Gan, the first CEO. Johnny Lyn, present CEO as of 2024.

In 2020, KuGroup was formed to manage 3 business divisions, KuCoin Global, KuCloud and KuChain, and KCS business group.

How does KuCoin Token (KCS) work?

KCS serves as a utility token within the KuCoin ecosystem used for trading fees, offering discounts of up to 80%, this rewards and benefits holders and trading activities.

Additionally, Holders can also participate in events such as token sales on KuCoin Spotlight and LockDrop/BurningDrop activities on the  Pool-X ecosystem enabling users to access VIP status and allowing them to benefit from reduced maker and taker fees without needing BTC trading volume. This exchange also supports shopping, hotel reservations, and gaming equipment purchases.

Beyond trading, KCS is increasingly accepted as a payment method for various services, including shopping, hotel reservations, and gaming equipment purchases. This broad range of use cases enhances KCS's value and integrates it more deeply into users' daily activities, solidifying its role in the KuCoin ecosystem.

KuCoin Token (KCS) Price History :

• KuCoin Token (KCS) reached an all-time high of Kucoin price of $ 28.80 on Dec 1, 2021, and an all-time low of $ 0.34 on Jan 31, 2019.
• The maximum supply of Kucoin tokens is 200 million and about 120.31 million KCS are in circulation.
• KuCoin was initially launched on its KuCoin share and listed in the Cryptocurrency exchange “KuCoin” shortly after September 2017 with a price of $0.25.

Where can I buy KuCoin Token (KCS)?

• Centralized Exchanges: Trading pairs of KuCoin or KCS can be swapped or traded among top cryptocurrency exchanges, which are KuCoin, Bybit, BitMart, ProBit Global, and BYDFi.
• Decentralized Exchanges (Dex): KuCoin or KCS tokens are not supported for trading or swapping on Dex’s as of 2024.

Where can I store KuCoin Token (KCS)?

KuCoin tokens or KCS can be stored in top popular wallets like Metamask and Trust wallets.