KuCoin Token (KCS) - a way of passive income

KuCoin Token (KCS) - the native token of the KuCoin crypto exchange, which was launched back in 2017 as a KuCoin Shares profit sharing token that allows traders to benefit from the exchange.

Contents:

• What is KuCoin Token (KCS)?
• Project feature
• Tokenomics

What is KuCoin Token (KCS)?

KCS was issued as an ERC-20 token, running on the Ethereum network,, and supported by most Ethereum wallets. The total supply of KCS has been set at 200 million, and it is planned to buy back and burn until only 100 million KCS remain. When the KuCoin decentralized trading solution is launched, KCS will become the native asset of KuCoin decentralized financial services, as well as a symbol of KuCoin community governance in the future.

The company also announced that empowering KCS will be a key priority of the project and will create KCS as a token that further diversifies the benefits that KCS holders can access. In the long term, KCS acts as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also become the main fuel and common token for KuCoin's future decentralized products.

Project feature

KCS Bonus is considered one of the best ways to generate passive income.

The community has several benefits, which include:

KCS Bonus - a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. The amount of rewards that users can receive depends on the amount of held KCS and the trading volume of the KuCoin exchange.

The KCS use case also includes participating in the KuCoin Spotlight token sale as well as LockDrop/BurningDrop on the Pool-X platform. But that's not all, as KCS tokens also serve a number of other purposes on the platform. For example, KCS holders can become platform VIPs and users no longer need to have a huge BTC trading volume to unlock reduced producer fees. KCS can also be used as a payment method for shopping, hotel bookings, gaming equipment purchases, and more.

Tokenomics

Initial deliveries of KCS were set at 200 million. KuCoin and the KCS team buy KCS off the market and burn it every quarter. The amount of KCS to burn depends on the quarterly trading volume of the KuCoin exchange. Thus, the circulating supply of KCS is declining and will eventually recover at 100 million. Traders of KuCoin (KCS) tokens can be found on the following exchanges:

• KuCoin;
• BitMax;
• ProBit Exchange.

The circulating supply of KuCoin tokens (KCS) as of February 2021 is 80 million KCS with a maximum supply of 170 million KCS.