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KuCoin Token (KCS) is the native token of KuCoin, a world-leading cryptocurrency exchange, that came out back in 2017. The initial total supply of KCS was set at 200 million, and its final supply is planned to stabilize at 100 million through a buyback and burn mechanism. With the vision of “from geeks to mass adoption”, KCS is building a blockchain-based value self-circulation ecosystem and connecting the world of both centralization and decentralization to build a robust Web 3.0 ecosystem for everyone to access with ease.
As the native token of KuCoin, KCS allows its holders to share the growth benefit of KuCoin. Hold at least 6 KCS tokens qualify for a daily reward that comes from KuCoin’s daily trading fee revenue. In addition, KCS is also a utility token that has a lot of use cases including getting a 20% trading fee discount on KuCoin, participating in Spotlight and BurningDrop, booking a trip on Travala and more.
Another important milestone for KCS is the development of KCC, which is a decentralized public chain built by the fans of KCS and KuCoin’s fan communities. KCS is native token and the only fuel for KCC, which can be used to pay gas fees and support the development of projects built on KCC.
19 Jul 2023 1 minute read 3 comments bitbucket
The wonderful part of the Kucoin was it allowed me to hold even $1 worth of crypto, and it was cool. You could always withdraw something like NEAR Protocol to your near wallet (non-custodial ones) straightly from KuCoin, without paying much in fees....
18 Jul 2023 10 minute read 8 comments Great White Snark
If you're one of those paranoid folks like me (id est, you don't trust banksters or governments and don't want to submit personally-identifying details and documents for everything when you do something related to cryptocurrency and/or finances onlin...
18 Jul 2023 1 minute read 3 comments Crypto Wisdom
It seems as though with their new policy changes KuCoin is trying to chase away their American users, giving them no other option but to withdraw their funds and find a new exchange. KuCoin has recently made verification mandatory to use all functio...
18 Jul 2023 2 minute read 2 comments bitbucket
KuCoin is restricted in the US, and other sanctioned countries for now. I think KuCoin messed up here and lost its’ US customers, so it will be hard for them to retain their customers count. So, we may see some downfall on its’ native token KCS and l...
18 Jul 2023 1 minute read 7 comments Crypto Wisdom
On July 15th KuCoin announced that accounts will need to be verified in order to continue using most of the account functions. Sounds like a good thing, right? Not so simple. Besides for the most basic concept of not forcing your clientele into...
15 Jul 2023 2 minute read 6 comments bitbucket
This will be a long-guided article (covering all gas fees) for how you can convert your SPOT Tokens to USDC and bridge to polygon and start trading on DEX for less than $0.05 as a fee for a single trade. The withdrawal to an on-chain wallet is a bit...
15 Jul 2023 1 minute read 5 comments Yugocean
Kucoin's problem starts today. I'm still not ready to give up on privacy, plus some AMPL problems have to be sorted out. AMPL Deposit and Trade problems AMPL is an important currency for many authors; it is easily deposited into KuCoin and can also...
13 Jul 2023 1 minute read 1 comment bitbucket
It’s heartbreaking that all-time favorite crypto exchange Kucoin is closed to anyone who doesn’t do KYC mandatorily. Only funds you previously had in the exchange are allowed to be withdrawn after 15th July. So, I think you can’t deposit new crypto f...
13 Jul 2023 1 minute read 2 comments Yugocean
KuCoin has announced 5USDT rewards for completing its controversial and mandatory KYC (step1). Now who will do KYC for the prize? KYC Of The Prize No KYC No service—this is a threat. Most Kucoiners are privacy-focused and have felt uneasy...
13 Jul 2023 3 minute read 8 comments Cje95
As most of yall know KuCoin recently enacted a KYC requirement which honestly is not something that I am not too concerned about and I understand from their POV of how they need to err on the side of caution. Honestly, I have nothing but great things...
