- 1 Overview of KuCoin Shares
- 2 How do Kucoin Shares Work?
- 3 How Do KuCoin Shares Work?
- 4 How Is the KuCoin Token Network Secured?
- 5 How Many KuCoin Token (KCS) Coins Are There in Circulation?
- 6 What are KuCoin Shares (KCS)?
- 7 What if holding 1 coin earned you 200+ different coins every day?
- 8 What Is A KCS Burn?
- 9 What Is Dogecoin?
- 10 What is Kucoin Shares?
- 11 What is KuCoin Shares?
- 12 What is KuCoin Shares?
- 13 What Is KuCoin Token (KCS)?
- 14 What Is The KCS Used For?
- 15 What Makes KuCoin Token Unique?
- 16 Where Can You Buy KuCoin Shares?
- 17 Where Can You Store KuCoin Shares?
- 18 Who Are the Founders of KuCoin Token?
- 19 History of KuCoin Shares
The distribution on dividends and discounts earned by KCS holders is all dependent on how many of the coins are held.For example, the tiered maker/taker fees are discounted as the number of KCS held increases up to a maximum of 135,000 or more KCS which has a minimum fee of 0.0125% for makers and 0.03% for takers.This tiered discount recently replaced the initial discount program that gave a 1% discount for every 1,000 KCS held.
The project’s whitepaper gives a great explanation of how KuCoin Shares are distributed.As stated before, the distribution methods take into consideration the amount of KCS in a user’s exchange wallets.Below is an example used in the whitepapers using the ETH-BTC trading pair if a user is holding the amount of 10,000 KCS.
How Is the KuCoin Token Network Secured?
KuCoin employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.
How Many KuCoin Token (KCS) Coins Are There in Circulation?
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 Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange.KuCoin takes into account the amount of KCS users hold when distributing the various coins.The more KCS you hold, the more dividends you’ll receive.
What if holding 1 coin earned you 200+ different coins every day?
This payout system enables users to receive passive income by just holding.However, while the company currently does share 50% of trading fee revenue with users, it’s important to note that the percentage paid to KCS holders from these trading fees is set to reduce in the future.
What Is A KCS Burn?
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.
What Is Dogecoin?
What is Dogecoin and what is all the hype all about? Despite starting out as a joke project based on an internet meme DOGE succeeded in becoming one of the best performing crypto assets.
The KCS token is the native cryptocurrency of the Kucoin exchange.Unique bonus/dividend model applies to the KCS tokens.All holders of the Kucoin Shares receive the 50% of the daily trading fees.These rewards are dealt proportionally to the stake held by every individual user.The specific characteristic of the bonus is that it is handed out not only in KCS tokens, but also in all of the different tokens and coins that were traded that day.
KuCoin Shares (ticker: KCS) were launched by the KuCoin exchange in October 2017 and are a profit sharing coin that allows traders to draw value from the KuCoin exchange.
KuCoin Shares (KCS) is an Ethereum token that is used by the KuCoin cryptocurrency exchange.In the same vein as Binance’s Binance Coin, KuCoin Shares can be used to activate special exchanges features when held by its owner on the exchange.The token acts similar to how stock shares work and offers various types of bonuses to its holders, such as lower trading fees, income from fees, and other perks.
What Is KuCoin Token (KCS)?
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.
What Is The KCS Used For?
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.
What Makes KuCoin Token Unique?
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.
KCS is only able to be purchased on the companies official exchange site.Registration is fairly simple, but you’ll need to deposit initial cryptocurrencies into your KuCoin exchange wallet such as BTC, ETH, NEO, and/or BCH to trade for KCS.
KCS is an ERC20 token, meaning you can store it on hardware wallets that support the Ethereum blockchain such as the Ledger Nano S and Trezor.You can also store it on MyEtherWallet (MEW).To check out more wallets, refer to our guide, The Best Ethereum Wallets.
Who Are the Founders of KuCoin Token?
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.