What is KuCoin Token (KCS)? KuCoin Token, which trades under the ticker symbol KCS, is the native token of KuCoin, a crypto exchange with a global presence. The KuCoin cryptocurrency has its own ecosystem, with the token itself serving several roles on the KuCoin crypto exchange and in the KCS ecosystem.
KuCoin use cases
The KuCoin crypto exchange has numerous products and features, including spot and margin crypto trading as well as derivatives and nonfungible token (NFT) services.
The KCS cryptocurrency has multiple uses not only on the KuCoin crypto exchange but also in the broader KCS ecosystem. KCS owners can earn passive profits by holding a certain minimum amount of the asset on the KuCoin exchange. Called KCS Bonus, these rewards are paid out daily from part of the exchange’s overall trading fee profits. Holder rewards vary based on factors such as the size of one’s KCS holdings. Among other uses, KuCoin exchange users can also receive fee discounts if they own KCS, determined by the amount of KCS they hold.
Wondering how KCS works? KCS operates on the Ethereum blockchain as an ERC-20 token. The KuCoin community, however, launched its own public blockchain in 2021 called the KuCoin Community Chain, or KCC for short. KCC is an Ethereum Virtual Machine-compatible blockchain and uses KCS as its native asset.
Who is behind KuCoin Token? The KCS Management Foundation oversees KCS and comprises entities such as KCS owner community representatives, KuCoin’s team and KCC.
KCS token price
Want to know the KuCoin price live today? The KuCoin exchange does not directly have a price, but its KCS token does. The KuCoin Token price today can be seen at the top of the page, alongside other data. Wondering how to buy KuCoin Tokens? KCS is primarily tradable on the KuCoin crypto exchange. Given the price fluctuations for KCS throughout its history, people also may be inclined to give KuCoin Token price predictions. A KCS burn is completed regularly with the goal of ultimately achieving a KCS total supply of 100 million.