KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily dividend, which comes from 50% of KuCoin's daily trading fee revenue. KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange.

Besides being paid out as a dividend, KCS, as a utility token, is also used to pay for trading fees on the KuCoin Exchange, allowing users to enjoy discounts of up to 80%. The use case of KCS also includes participation in the token sale on KuCoin Spotlight, as well as LockDrop/BurningDrop on the Pool-X platform. But this is not all, as KCS tokens also serve a series of other purposes on the platform. For instance, KCS holders can become KuCoin VIPs and users no longer need to have a huge BTC trading volume to unlock the reduced maker and taker fees. KCS can also be used as a payment method for shopping, making hotel reservations, buying gaming equipment, and more.

The KCS initial supply was set at 200 million. KuCoin and the KCS team are buying back KCS from the market and burning them every quarter. The amount of KCS to be burned

depends on the quarterly trading volume of the KuCoin Exchange. So the circulating supply of KCS is decreasing and will eventually settle down at 100 million.

KuCoin employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.

It uses a multi-cluster and multi-layer architectural system that can accommodate more than one transaction at the same time, ensuring system stability throughout every transaction.

The KuCoin Exchange is a cryptocurrency exchange headquartered in Singapore. It launched on September 15, 2017. The company was originally co-founded in 2013 by the following people: COO Eric Don, marketing director Jack Zhu, president of business operations John Lee, operations and maintenance director Kent Li, chief legal consultant Linda Lin, CEO Michael Gan and CTO Top Lan.

KuCoin Token’s (KCS) circulating supply is at 80,118,638 KCS as of February 2021, with a maximum supply of 170,118,638 KCS.

KuCoin Token (KCS) trading can be found on the following exchanges:

• KuCoin
• BitMax
• ProBit Exchange

If you are curious about learning how to trade Bitcoin, you can find all of the information you need here.

The all-time high of KCS was 28.80 USD on 2021-12-01, from which the coin is now down 62.84722222222222%. The all-time high price of KuCoin Token (KCS) is 28.80. The current price of KCS is down 62.84722222222222% from its all-time high.

As of , there is currently 120.23M KCS in circulation. KCS has a maximum supply of 200.00M.

The current market cap of KCS is 1.29Bn. It is calculated by multiplying the current supply of KCS by its real-time market price of 10.70.

The all-time low of KCS was 0.33650393 , from which the coin is now up 3079.7548397131645%. The all-time low price of KuCoin Token (KCS) is 0.33650393. The current price of KCS is up 3079.7548397131645% from its all-time low.

KuCoin Token (KCS) has a market capitalization of $1.29Bn and is ranked #101 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze KuCoin Token (KCS) price trends and patterns to find the best time to purchase KCS.