KuCoin is an excellent cryptocurrency exchange for cryptocurrency investors. It can boast relatively high liquidity, numerous users, a wide selection of supported assets and services, as well as low trading fees.
If you have an account with KuCoin, you can enjoy lower fees for your trades, and you will also have access to special services. The team is also dedicated to developing blockchain technology, and they plan to launch decentralized exchange features in the future. To take advantage of these features, you must have the KCS token.
The KuCoin token (KCS) is a digital currency that allows users to participate in the KuCoin exchange. Users with KuCoin tokens will be able to access reduced trading rates and become VIP users. KuCoin tokens were first introduced in September 2017 and aim to help the crypto exchange create a decentralized ecosystem. The Company’s founders, John Lee, Jack Zhu and Eric Don, aimed to introduce crypto tokens to the masses.
How to join KuCoin
You can sign up for a free KuCoin account. It offers a wide range of services, including free apps for your desktop and mobile. The app allows users to buy, sell and exchange cryptocurrency whenever they want. It also has a live chat option and an email form for support.
KuCoin is a crypto exchange that aims to become one of the top 5 global cryptocurrency exchanges. Currently, the platform has 700 cryptocurrencies listed and an average daily volume of 1,300 BTC. The tough cryptocurrency recession may have hampered the companies’ ambitions, but the team is working hard to improve the platform. It plans to launch a new version of the platform that will include stop orders, upgrade APIs, redesign the platform and introduce social features.
What is the KuCoin Shares token (KCS) ?
KuCoin Token (KCS) is KuCoin’s native token, which was introduced in 2017. It is an ERC-20 token on the Ethereum network, which means it will be compatible with most Ethereum wallets. Its supply limit is set at 200 million, and the goal is to burn this number to 100 million. KCS is intended to be the native asset of the KuCoin decentralized trading solution, as well as the governance token of the KuCoin community.
It works like a standard ERC-20 token on the Ethereum blockchain and grants KCS holders certain special benefits on the platform.
Benefits of acquiring KCS
Owning a minimum of 6 KCS will give you the opportunity to collect a daily bonus based on the exchange’s daily commissions. The KCS Bonus is a unique incentive mechanism for KCS owners and builders of the KuCoin ecosystem. Those who own at least 6 KCS can enjoy a daily reward of 50% of the daily revenue from KuCoin trading fees.
KCS owners enjoy exclusive priority access to primary token sales of quality blockchain projects launched on KuCoin Spotlight. Priority investors typically enjoy a higher return on investment (ROI) than those buying on secondary markets.