KuCoin Token (KCS) Live Price and charts Today

1 KuCoin Token (KCS) Price Today in USD is $10.54

KuCoin Token (KCS) = $10.54 USD

KuCoin Token (KCS) all-time high (ATH) is $30.77 USD

The maximum supply of KuCoin Token (KCS) is Unknown

KuCoin Token (KCS) 24h volume is $846.72 Kilo USD

KuCoin Token (KCS) Market Cap is $1.02 Billion(s) USD

KuCoin Token
$10.54
-0.64%
$KCS Initial Distribution
KuCoin Token $KCS Funding History
  • Rank #74
  • Market Cap -0.88% $1,017,113,166
  • 24H Spot Volume -11.17% $846,722.00
  • 24H Volume / Market Cap -
  • Circulating Supply 96,496,827.29
  • Total Supply 143,996,827
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID kucoin-token copy duigou
  • Project Start Date Sep, 2017
  • Contracts & Explorer(s) coin-img 0xf34...28811
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
About KCS Roadmap & Milestones
KCS is the native ERC20 token of KuCoin, a centralized crypto exchange issued in 2017.

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.

KuCoin is a cryptoasset exchange that describes itself as a hybrid exchange integrating features of both centralized and decentralized exchanges. The long-term goal of the team is to transition to a fully decentralized exchange model.

Currently, the exchange operates through more of a centralized model, attempting to duplicate best practices in traditional asset exchanges including dedicated risk and compliance teams. These teams are responsible for internal controls and cross-departmental reviews aimed at reducing fraudulent activity on the platform.

KuCoin Shares (KCS) is a token used to reward users and attract new customers to the exchange. Users holding a specified amount of KCS in their account are eligible for discounts on trading fees. Furthermore, holders of KCS receive a daily dividend, called a KuCoin bonus, equal to 50% of trading fees on the exchange. Those that have referred new users to the platform are eligible to receive 40% of fees while the exchange retains the remaining 10%. Dividends are paid in whichever token was the most traded during the day.

To encourage referrals, each user receives a registration link they can share. Referral bonuses are paid for both direct and indirect activity. Users receive bonuses for both the activity of their direct referrals as well as the activity from any new users their referrals add to the platform. Users holding enough KCS in their exchange account receive a discount on trading fees. KCS held off-exchange is not eligible for this rebate program. Additional benefits such as a personal investment consultation and expedited customer service are offered to users on a tiered basis as they increase their KCS holdings.

While trading rebates and referrals are the current use case for KCS KuCoin plans to use the token for transaction fees once they launch a fully decentralized platform. Current trading fees on the exchange are 0.1% at the time of this report.

Expand
Related News
KuCoin Reported to Layoff 30%, CEO Says It's Regular Structure Adjustment KuCoin Reported to Layoff 30%, CEO Says It's Regular Structure Adjustment
New York Attorney General Says $ETH Is Security in Lawsuit Against KuCoin New York Attorney General Says $ETH Is Security in Lawsuit Against KuCoin
Oracle Network Pyth Adds Support for KCC Oracle Network Pyth Adds Support for KCC
KuCoin Engages Accounting Firm Mazars to Conduct Proof of Reserves Verification Procedures KuCoin Engages Accounting Firm Mazars to Conduct Proof of Reserves Verification Procedures
KuCoin Has No Exposure to FTX, Says CEO KuCoin Has No Exposure to FTX, Says CEO
Latest News More More
New Stablecoin Protocol Ethena Captured over 5% of Global $ETH Perpetual Futures Open Interest
2 Days Ago Injective Introduced CW-404 Standard, Replica of the Experienmental ERC-404 Standard
2 Days Ago EigenLayer Raised $100M From a16z
3 Days Ago StarkWare Amended $STRK Token Unlock Schedule Amid Critisism
3 Days Ago Starknet Token Dumped by Nethermind and Airdrop Farmers
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open