The KuCoin Token (KCS) is a token that was issued by the KuCoin cryptocurrency exchange in 2017. KCS is the internal currency of the exchange and is used to pay trading fees, as well as to receive various bonuses and benefits available to token holders.One of the main features of KCS is that the KuCoin exchange allocates 50% of its revenue to pay dividends to token holders.
Every day, 50% of the total amount of commissions is distributed among KCS holders in accordance with their share in the total number of tokens. This means that KCS holders can receive passive income from trading on the exchange.KuCoin Token (KCS) has a limited total supply of 200 million tokens, and all tokens were issued at the beginning of the project lifecycle.
This means that no new KCS tokens will be issued and the overall offer will remain constant.In addition, the KuCoin Token (KCS) has several features that make it attractive to investors.
Firstly, KCS is used as a commission for trading on the KuCoin exchange, and users who pay a commission using KCS receive a discount on trading commissions. And also, by holding KCS on their account on the KuCoin exchange, they receive additional bonuses. These bonuses are awarded daily and depend on the number of KCS held by the user.KuCoin has also launched KCS, an ecosystem that combines several products and services, such as KuCoin Spotlight, KuCoin Futures, KuCoin Pool and KuCoin Wallet.
KCS owners have access to exclusive opportunities and discounts on these products and services.In general, the KuCoin Token (KCS) is an interesting tool for long-term investors who are looking for passive income and additional bonuses when trading on the KuCoin exchange.
However, as with any investment project, you should carefully study all the risks and potential problems associated with the token before making a decision about investing.