795 Articles 1,416 Followers
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.
29 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan
The hacker(s) who stole $150 million Singaporean exchange KuCoin has begun selling his tokens via the decentralized exchanges, according to the latest information on September 28. The criminals behind the KuCoin hack are transferring funds via decen...
29 Sep 2020 3 minute read 1 comment Xavier_crypto
Due to crypto hacks that have occurred in the past few years, crypto exchange security has been a trending topic lately. Yet again, the topic was in the headlines after more than a hundred million were drained from one of the largest crypto trading s...
28 Sep 2020 1 minute read 8 comments Spitkitten
For the love of cheese, don't keep your crypto in exchanges. Just don't. Don't do it. This is a note to self as much as a PSA*. * Even as I encouraged myself -- and you -- to transfer the scraps from faucets into exchange wallets, don't keep anythin...
28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan
Singaporean exchange KuCoin has lost $281M in a hack that occurred on September 26, according to an official statement. The exchange has assured users that their funds will be reimbursed via its insurance fund. KuCoin’s internal security audit confi...
28 Sep 2020 5 minute read 9 comments Dzoelx
Source Kucoin exchange got hacked over the weekend…well, that’s no longer a news! But fact is, hacks and scams in the crypto space is already a norm. In a previous post I commented on the difficulties in handling scams and hacks in the crypto space:...
27 Sep 2020 2 minute read 2 comments Heruvim78
This is everywhere in the news, Kucoin was hacked, but this hacking seems to be the work of an amateur. Nevertheless, amateur or not, 150 millions dollars were moved out of the exchange hot wallets on September 26, 2020 at 03:05:37 (UTC+8). What is...
27 Sep 2020 1 minute read 2 comments Venkatz
The Hot Topic of the Week is Kucoin Exchange Hack On September 26, 2020 Kucoin Exchange CEO Johnny Lyu updated about the Hack Nearly 150$ Million worth Crypto Assets are stolen from the Exchange Kucoin Assured to the Users Funds will be c...
27 Sep 2020 2 minute read 11 comments The Lebanese Girl
KuCoin reported a major security breach on Sep. 26, affecting Bitcoin, Ether, and ERC20 hot wallets while BTC and ETH prices remain unfazed. In an official statement, KuCoin Global CEO Johnny Lyu confirmed a major hacking attack on Sep. 26. The breac...
27 Sep 2020 2 minute read 2 comments alberdioni8406
Criminals did it again and this time they targeted the Singapore based crypto exchange Kucoin, where (not disclosured by the team, but taking in consideration one of the addresses associated with the exchange) more than $150M in assets were lost and...
26 Sep 2020 1 minute read 1 comment BlueSkyCrypto
In case you missed it today, Kucoin a Singapore based exchange was hacked earlier today and had large sums of Ether and bitcoin drained from their hot wallets. Hacking, obviously not new in the Crypto space but having the exchange withstand the att...
