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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.
28 Mar 2024 1 minute read 1 comment CryptoEntrepreneurs
Following my article: The case of KuCoin - https://www.publish0x.com/cryptocurrencies-a-little-of-everything/the-case-of-kucoin-xvzjkzo?a=JxboZ40jag The journey of crypto space is never short of twists and turns! In a universe where uncertainty dance...
27 Mar 2024 4 minute read 19 comments BitcoinBaby
In my opinion, there are two types of FUD.The FUD that makes you want to sellThe FUD that makes you want to move Now the first type of FUD I do not care too much about. I prefer buying when there is blood in the streets and so far that has been posi...
27 Mar 2024 1 minute read 1 comment CryptoEntrepreneurs
Cryptocurrency exchange KuCoin is in the middle of an unexpected storm after a sudden spike in fund withdrawals was revealed, rising to a staggering US$200 million. This massive increase in withdrawals has caused a wave of uncertainty and speculation...
27 Mar 2024 1 minute read 1 comment BFab
I recently read that Binance joined the Global Travel Rule Alliance to play nice with regulators (click here to learn more). Sounds boring, right? But it actually tells a much bigger story about what's going on in the crypto world, especially for tho...
27 Mar 2024 2 minute read 0 comments KMatt
The US Department of Justice (DOJ) has triggered an earthquake in the crypto world, accusing the KuCoin exchange of a series of serious violations including: - Money laundering: the DOJ claims that KuCoin allowed the transfer of as much as $4 billion...
27 Mar 2024 1 minute read 4 comments B. Em
Kucoin was one of the exchanges that was known for not having KYC , and is possibly why it was able to amass more than 30 million customers. Having said that, on Tuesday federal prosecutors charged the crypto exchange and two of its founders with vio...
26 Mar 2024 2 minute read 1 comment Talha.Khalid
The US government has formally accused the KuCoin cryptocurrency exchange and two of its founders of violating anti-money laundering (AML) laws. According to the statement published on March 26 on the official website of the Department of Justice,...
26 Mar 2024 1 minute read 0 comments Novasky
Once upon a time, foreign exchanges used to think of themselves as some England's queen and used to open the business in any country without any form of local licenses. And they used to store the customer crypto without the keys. And then there was i...
7 Mar 2024 1 minute read 0 comments BFab
You might have been reading Binance's latest blog post about earning rewards through P2P trading. It's exciting stuff, right? But what if you also wanted to cash out sometimes? The good news is, Binance's P2P platform lets you do both buying and sell...
6 Mar 2024 1 minute read 0 comments Feedmypsyche
Revolut is really stepping up their game! If you have never heard of Revolut, they are the world-leading internet bank that is setting new standards in the banking industry. Crypto started in response to the current banking industry and centralizatio...
