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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.
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 Only funds you previously had in the exchange are allowed to be withdrawn after 15th July.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...
8 Jul 2023 1 minute read 20 comments CodyMac50
About a year ago I made an account with Kucoin when they were offering the free Dogecoin. After that, I only signed in a few times to check on my 1.77 Dogecoins, as well as seeing about trading Ethereum for Bitcoin, but never really had enough ETH to...
2 Jul 2023 1 minute read 4 comments Yugocean
Ever since KuCoin announced it would make KYC mandatory, there has been a problem. For many reasons, people do not want to do KYC, which is a valid reason in itself. The main reasons are: Privacy Problem Some people do not want to do KYC...
29 Jun 2023 4 minute read 30 comments CryptoEntrepreneurs
Kucoin, one of the most popular cryptocurrency exchanges in the world, has announced that it will implement mandatory knowledge controls of its client (KYC) from July 15, 2023. This measure, according to the Exchange, aims to improve security and Com...
29 Jun 2023 1 minute read 15 comments Yugocean
The KuCoin exchange is a favourite destination for crypto investors, as it respects "privacy", an important concept associated with the existence of crypto. But now this will be a thing of the past because, as of July 15, 2023, KuCoin will make...
23 Jun 2023 4 minute read 1 comment Louky
In the ever-evolving world of crypto, new opportunities keep popping up for businesses and users. One sick development is merchants being able to accept ID payments. In this article, we're gonna break down the dope benefits of embracing ID payments a...
19 Jun 2023 1 minute read 0 comments Bfab
As you may know Crypto.com is one of the world's largest crypto exchanges, and one of the most used ones since they are linked to Crypto.com app. However, according to Financial Times (FT), Crypto.com Exchange would use an internal trading team: Cry...
19 Jun 2023 1 minute read 1 comment FreedomBuilder
BTC is still in the downtrend channel on Daily but: - We are very likely to break through the top given the weakness of the sellers who are unable to regain control after weeks of decline. - Bullish divergence on the MACD confirmed after the return o...
