KUB Coin

The mainnet genesis is timestamped 28 April 2021. BBT presented KUB as gas for an EVM-compatible chain and as an exchange fee-credit utility, while approved partners formed the early validator group. Proof of Authority gave the new network short block times, but participation depended on approved identities.

The company map mattered from day one. BBT developed the network; Bitkub Online ran the exchange where KUB traded. Holding the coin did not confer stock, revenue rights or ownership in either company, even though the shared Bitkub name made the businesses easy to blend together.

On 9 August 2021 the project burned 890 million KUB from the original one-billion allocation. Whitepaper v3.3’s historical table left 50,605,103 for liquidity, 15 million each for ecosystem and community development, 10 million each for reserve and airdrop, and 9,394,897 for strategic partners.

That table recorded a one-time allocation reset, not proof of automatic future deflation. Whitepaper v4.1 later combined unallocated Community Development and Strategic Partners balances into a 20,586,496.24 KUB Sustainable Blockchain Development Fund as of 11 February 2025. KUB Scan reported 109,697,578.68068825 in September 2026, but the reviewed sources do not establish the cause of every later reduction.

On 30 June 2022 the Thai SEC ordered Bitkub Online to correct the process that had admitted KUB, saying its scoring did not meet the exchange’s approved listing rule. This was a finding about the exchange's admission process, not a declaration that KUB holders committed an offense.

In October the SEC identified an adminTransfer design risk and ordered technical remediation and disclosure. The public order defined a function capable of moving assets from wallets under administrator authority. The current materials reviewed here do not close the historical file or prove that this function remains attached to native KUB, so present-day seizure power cannot be asserted from the 2022 notice alone.

Chaophraya activated at block 14,220,246 on 17 August 2023. It replaced PoSA with stake-selected PoS, letting KUB secure validator and delegation positions. Lausanne later placed thresholds under on-chain proposals, and stakers could obtain gKUB voting power.

On 28 April 2026 at 04:14:44 UTC, Basel removed the old Official Node, disabled new solo-node registration and installed a Super Node. The Foundation-controlled address can seal when an assigned validator misses its turn. This protects liveness but means validator openness and block-production authority are not evenly distributed in every failure state.

From 31 March 2026 BBT ceased operating KUB Stake and transferred rights and obligations concerning that platform service to KUB Foundation. Users who continued had to accept the new provider’s terms. The announcement changed the service operator; it did not state that KUB holders received ownership or revenue rights in the Foundation.

KUB pays computation, backs consensus and can produce governance weight. The reviewed whitepapers do not grant company ownership or a claim on company revenue, and they publish no fixed-price cash redemption right. A holder evaluating control must watch validator concentration, the Super Node, release adoption and service terms—four different layers behind one ticker.