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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.
3 Jun 2023 3 minute read 15 comments ⚡ Daniela ⚡
Overexcitement and Bonuses Galore: My Journey with Uphold I can't contain my excitement as I recount my recent experience with Uphold, the not so popular shitcoin casino. I believe that more popular casinos are Binance, Coinbase, Kraken or Kucoin,...
2 Jun 2023 1 minute read 1 comment Ava0001
You get the latest crypto news and updates on Twitter. Most people who are into crypto are active on Twitter. You are careful not to fall into hackers' traps. But when you see something from the official account of a crypto exchange, you usually beli...
1 Jun 2023 1 minute read 0 comments Someoddaones
what is ampleforth Ampleforth is a cryptocurrency that serves as an alternative to fixed-supply digital currencies like Bitcoin. Its supply mechanism controls the number of coins in circulation based on their price movements. The protocol adjusts the...
30 May 2023 1 minute read 7 comments yanis
NFT games sound like a great opportunity on first onboard : buying a NFT, getting rewards on every win/fight. But, is it really heaven ? Onboarding process In order to play these games, you will have to purchase a NFT representing your fighter (Wal...
28 May 2023 3 minute read 8 comments ⚡ Daniela ⚡
As Bitcoin gains momentum and recognition as a decentralized digital currency, it faces challenges that impede its widespread adoption. High transaction fees have emerged as a significant obstacle, particularly for smaller payments. To address this c...
25 May 2023 5 minute read 16 comments Smoljanović
May 25, 2023 Cryptocurrency has been touted as the future of finance, a revolutionary digital asset that promises decentralization, security, and financial freedom. The meteoric rise in popularity and value of Bitcoin and other cryptocurrencies over...
24 May 2023 2 minute read 5 comments DailyAnalyst
With its comprehensive features, commitment to security, and the use of the Binance Smart Chain (BSC) and Binance Coin (BNB), Binance has earned a stellar reputation among traders and investors. Its wide range of trading options, great security measu...
22 May 2023 2 minute read 1 comment Cryptofab
Like some of you, I have been a bit shocked by the news of Hotbit's recent decision to shut down. Hotbit would have fallen victim to cyber attacks and the ongoing crises in the crypto world, leading to the unfortunate outcome of closing its doors. Le...
22 May 2023 5 minute read 1 comment BlockChain Observer
Recently, Torches Finance, the first lending protocol on KuCoin's public chain project KCC, made an adjustment: the base rate of sKCS has been changed from 3% to 1%. Many people are puzzled about why Torches made this decision. After conducting some...
22 May 2023 5 minute read 19 comments Smoljanović
Binance and Kucoin Cryptocurrency exchanges play a pivotal role in the digital asset ecosystem, providing a platform for users to buy, sell, and trade cryptocurrencies. Binance and Kucoin are two prominent names in this space, both offering a wide r...
