The KuCoin Community Chain has grown quickly over the last months. The core of the KuCoin Community Chain is the KuCoin Token $KCS.

Let's check out $KCS in depth including a price prediction for the short and the long term.

What Is KuCoin?

As you are reading this article on Publish0x, I suppose that you are already familiar with KuCoin. The reason for this is simple. As you are earning crypto here on Publish0x, you should already have your KuCoin account set up. This is beneficial as you can withdraw your $AMPL and $ETH earnings from Publish0x directly to KuCoin. Compared to on-chain withdrawals from Publish0x, you can withdraw to KuCoin more often (every Monday) with a lower minimum amount (only 50 cents).

However, in case you are not familiar with KuCoin yet, here is a brief introduction for you. 

KuCoin is also known as the "People's Exchange" because it is built for all classes of cryptocurrency investors from novices to professional traders and investors. According to CoinGecko and CoinMarketCap, KuCoin is one of the TOP 5 cryptocurrency exchanges with over 18 million users in more than 200 countries and regions worldwide. KuCoin currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, and Lending.

KuCoin is a TOP cryptocurrency exchange for trading rare altcoins as it supports a wide variety of currently more than 700+ tradable assets with more than 1,200 different trading pairs. You can find many altcoin gems that are only listed on KuCoin or had at least their primary listing on KuCoin like $BLOK, $CHMB, $KMA, and $DAO, just to name a few. 

What Is The KuCoin Token $KCS?

The KuCoin Token $KCS is the native token of the KuCoin exchange. It was launched back in 2017 as an ERC20 token running on the Ethereum blockchain. 

Holding $KCS on KuCoin allows traders to benefit from the growth of the exchange as they can receive a daily bonus that is taken from 50% of the daily revenue of KuCoin.

When KuCoin's decentralized trading solution goes live, the KuCoin Token $KCS will be the native asset of all DeFi services on the KuCoin Community Chain (KCC) as well as the governance token. The ecosystem of the KuCoin Community Chain is developing quickly these days. Let me know your favorite project on KCC in the comments below.

What Are The KuCoin Token $KCS Tokenomics?

According to KuCoin, the total supply of $KCS was set at 200 million, but there is a planned buyback and burn until just 100 million $KCS remains. Since January 2021, the team behind $KCS is executing token buybacks and token burns regularly. In each period, 10% of the net profit is used for the buyback and burn of $KCS.

At the time of writing, $KCS is located on market cap rank #44 and is traded at around $17. According to CoinGecko, $KCS hit an all-time high of $28.83 on the first December of 2021 which was around six months ago.

Of course, the best place to buy, sell, and trade $KCS is, you guessed it, KuCoin itself. You can currently find many different trading pairs for $KSC on KuCoin like a $KCS-$USDT, a $KSC-$BTC, a $KSC-$ETH, a $KSC-$USDC, and a $KSC-$DOT trading pair.

What Are The Benefits And Use-Cases of $KCS?

In general, it is always good to hold some $KCS on KuCoin as it gives you certain benefits like a trading fee reduction of 20%. This is similar to other exchange-based tokens.

What makes $KCS quite unique is the bonus that is paid out daily to $KCS holders. Because of this daily bonus, holding $KCS is also regarded as one of the best and easiest ways to generate passive income. Because the bonus gets paid out daily, you can compound much faster and your savings can grow exponentially. 

You need to hold at least six $KCS tokens in your KuCoin account to be eligible for the daily bonus. The incentive mechanism is unique as the bonus comes from 50% of KuCoin's daily trading fee revenue. The amount of bonus depends on the number of $KCS tokens that you hold in your account as well as on the trading volume of the KuCoin exchange. As the trading volume of KuCoin increases, the estimated APR of the $KCS bonus increases as well. Lately, the estimated APR of the $KCS bonus has even exceeded 30%.

Furthermore, you also need to have some $KCS tokens if you want to participate in a Spotlight or BurningDrop event on KuCoin. KuCoin's Spotlight is a Launchpad and the BurningDrop is a Launchpool for new rare coins and tokens. I explained how it works in detail in two separate posts that you find here on my blog:

• How To Earn Cryptocurrency Gems With KuCoin BurningDrop
• How You Can Profit From KuCoin Spotlight Presales

Finally, one of the biggest $KCS use-cases will be within the ecosystem of the KuCoin Community Chain. $KCS can be used to pay gas fees in the KCC ecosystem and support the development of projects that are building on KCC. In this specific area, there is still a lot of room for $KCS to grow as more and more projects start building on KCC.

Also worth mentioning is that you can use $KCS as a payment method at various places. For example, you can use your $KCS to make a hotel reservation with Travala or you can use your $KCS to buy monster card packs on Splinterland. Payments with $KCS are also supported by SwirlPay, a popular decentralized payment service.

KuCoin Token $KCS Price Prediction

When it comes to a reasonable price prediction for $KCS, then you can compare the KuCoin Token $KCS with other exchange tokens like Binance Coin $BNB, Cronos $CRO, and FTX Token $FTT, especially their market capitalization.

All these tokens are comparable as they are all exchange tokens. The KuCoin Token $KCS is currently placed on market cap rank #44 with a total market capitalization of $1,733,135,597.

$FTT on market cap rank #23 has a total market capitalization of $3,902,487,319 and $CRO on market cap rank #18 with a total market capitalization of $4,835,646,984.

Binance Coin $BNB on market cap rank #5 has the biggest market capitalization by far with currently $53,676,525,716.

Ok, now here comes the math. Don't worry, it is relatively simple. In the short term which means less than a year, $KCS could reach the current market capitalization of $CRO or $FTT. Then the market capitalization of $KCS would grow by 2.25x to 2.79x

How do I get these numbers? Well, it is relatively simple. 

$4,835,646,984 (market cap of $CRO) divided by $1,733,135,597 (market cap of $KCS) = 2.79

and $3,902,487,319 (market cap of $FTT) divided by $1,733,135,597 (market cap of $KCS) = 2.25

When the market capitalization goes up by 2.25x then the price also goes up by 2.25x. This means that the price of $KCS could reach $17 * 2.79 = $47.43 or $17 * 2.25 = 38.25

In this scenario, $KCS would already break its all-time high of $28.83 from the first December of 2021.

If you are very optimistic about $KCS and the whole KCC ecosystem then you can compare it with Binance Coin $BNB. This means that the market capitalization and the price would grow by $53,676,525,716/$1,733,135,597 = 30.97

This would lead to a $KCS price of $17 * 30.97 = $526!!!

Personally, I am very optimistic about the KuCoin Token $KCS because the important KuCoin Community Chain has developed very quickly over the last months. The potential for $KCS in this area is huge. 

KuCoin has also announced that strengthening $KCS is a key priority of KuCoin. Their goal will build the KuCoin Token $KCS as "a killer product rather than a simple token". Also, the new $KCS Whitepaper has been released to dawn a new area of the KuCoin Token $KCS. The whitepaper is definitely worth a read, especially if you plan to invest in $KCS.

It is also worth mentioning that KuCoin announced a $150 million Pre-Series B funding round, bringing its valuation to $10 billion. The new influx of capital allows KuCoin to expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platform. KCC with $KCS as its core will also be a significant infrastructure where resources will be deployed to create a decentralized ecosystem.

For all these reasons, I am very optimistic about the further development of the ecosystem from the KuCoin Community Chain. With the development of KCC, the number of KCS holders will also increase. When the number of projects that are built on KCC keeps increasing then KCS will probably enter the TOP 15 cryptocurrencies by total market cap in the long term of one to two years.

That's why I predict that the price of the KuCoin Token $KCS could break $40 in the short term and the $500 mark in the long term. 

Final Words

I hope that I was able to provide you with some useful and entertaining information about the potential of the KuCoin Token $KCS. Personally, I am also holding some $KCS in my KuCoin account, mainly for two reasons. Firstly, I like to enjoy the trading fee rebate of 20% as I am frequently trading altcoins on KuCoin and secondly, I do believe that the KuCoin Token $KCS including the KuCoin Community Chain KCC has huge potential and that it could reach the current market capitalization of Binance Coin $BNB in the long term. $KCS has lots of different use-cases and it is driven by the potential of the current development of the KCC ecosystem.

These are my two Gwei for the day. Of course, I am also interested in your opinion about the potential of the KuCoin Token $KCS. What is your price prediction for $KCS? It would be awesome if you leave a comment under this post.

If you are for some crazy reason not registered on KuCoin yet, you can use my referral link with the invitation code 21vPud5 for signing up. When you use it, it will save you trading fees each time you perform a trade on KuCoin. Don't forget about this possibility when you introduce a friend to cryptocurrency as it will save both of you some money. 

If you like to keep yourself up to date with the latest developments on KuCoin and the KuCoin Token $KSC, I recommend following KuCoin on their social media like Twitter, Facebook, Telegram, or KuCoin's official blog here on Publish0x.

By the way, a great and safe way to generate passive income on KuCoin is Lending. I already covered Lending on KuCoin in a separate post. In case you have missed it, you can still check it out here.

At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the KuCoin Token $KCS and my intention is not to replace your own research. However, this article really reflects my own opinion.

If that's the kind of stuff you like to read here on Publish0x, click that follow button. Thank you guys for reading, liking, following, and tipping 👍 

If you like, you can also follow me on Twitter, and also on noise.cash.

You may also like: How To Earn Cryptocurrency Gems With KuCoin BurningDrop

and How You Can Profit From KuCoin Spotlight Presales