KuCoin kcs
What is KuCoin?
KCS (KuCoin Token) is the utility token of the KuCoin exchange and the native asset of KuCoin Community Chain (KCC). It provides exchange loyalty benefits and connects KuCoin, KCC, payment, DeFi, and Web3 use cases.
What problem does KuCoin solve?
KCS aligns exchange users with the KCC ecosystem: holders receive incentives for using KuCoin products, while the token supplies an ecosystem asset for fees, staking, and applications.
How does KuCoin work?
On KuCoin, users hold or stake KCS for loyalty tiers, discounts, Earn bonuses, and other benefits. KCS is KCC's native/gas asset. KuCoin uses profits to fund quarterly buybacks and burns.
Key facts
- Ticker: KCS
- Issued on Ethereum 2017; migrated to KCC 2021
- Initial supply: 200,000,000 KCS
- Target after burning: 100,000,000
- KCC native/gas asset
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Frequently asked questions
What is KCS?
KCS is KuCoin's utility token and the native asset of KCC.
How does the KCS burn work?
KuCoin uses 10% of quarterly profits to repurchase and burn KCS.
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