Understanding KuCoin Token (KCS): The Ultimate Guide

KuCoin is one of the biggest cryptocurrency exchanges in the world, according to its website. By trading volume, it is not among the top ten exchanges, although it is not far behind those that are. 

KuCoin is a cryptocurrency exchange headquartered in Seychelles that currently supports the trading of 210 digital assets. KuCoin differs from other exchanges in that customers who own their exchange-based token receive 50% of the entire trading fee earnings.

One out of every four cryptocurrency owners utilizes KuCoin thanks to its advantages and problem-solving abilities, and the exchange has a sizable user base.

There is much to discover about this exchange, so let’s start by taking a closer look at some of its most crucial features.

The Basics of KuCoin

KuCoin is a cryptocurrency exchange launched in 2017 and has offices in China and Hong Kong. Since its founding, the business has grown quickly and is now one of the most well-known exchanges for alternative cryptocurrencies.

KuCoin is made for both novice and seasoned traders. With the slogan “People’s Exchange,” the company aims to serve over 20million customers from 207 different nations and regions.

Kucoin offers a wide range of trading options, such as spot trading, margin trading, P2P fiat trade, futures trading, staking, and lending. It is user-friendly, features a robust API, various cryptocurrency markets, and excellent incentives.

What are KuCoin Shares (KCS)?

KCS is the native token of KuCoin, which was introduced back in 2017 as a utility token that enables traders to share the growth benefit of the exchange. It was supported by the majority of Ethereum wallets and was currently issued as an ERC-20 token running on the Ethereum network.

KuCoin has a unique dividend-sharing scheme for its KCS token. The more KCS you hold, the more dividends you’ll receive.  It can only be traded on the KuCoin platform. KCS USDT is one of its well-liked trading pairs as well as DOGE USDT, and KCS can be exchanged for ETH, BTC, LTC, and other popular crypto assets.

KuCoin Shares (KCS): How Do They Work?

For holding its native cryptocurrency, KCS, KuCoin rewards its customers with dividends. The platform’s daily rewards pool grows in size as more trading fees are collected. A person’s KCS holdings have an impact on the amount of dividends paid.

The KuCoin price may not be as high as BTC or ETH but the possibility to get a break on trading fees is one advantage of the KCS coin. You must own 1,000 KCS or more to be eligible for a 1% charge reduction; 30,000 KCS or more will result in a 30% discount. To be eligible for the bonus, a user must hold at least 6 KCS and activate 2FA.

More advantages of the KuCoin Token (KCS)

In order to understand why some users have joined the KuCoin platform, it may be helpful to look into the benefits that both the platform and its token are offering.

Most Ethereum wallets are KCS compatible

One essential factor of KCS is that it is an ERC-20 token because it was created on the Ethereum network. As a result, KCS is supported by every wallet that accepts altcoins based on Ethereum.

Regular dividends

Users who possess six or more KCS tokens are eligible to receive daily dividends, which are funded by 50% of the platform’s daily trading fee income. Additionally, KCS Bonus, a special incentive program for token owners and ecosystem builders, is available to anyone who owns KCS tokens.


Another application for the token is in governance, where people who own it would be in charge of making decisions about the project’s and its future. This might be done by voting on various proposals or by presenting proposals and suggesting improvements.

Involvement in token sales

Users with KCS are able to take part in these token sales through the Kucoin platform, which is accessible for new projects to make their own initial coin offers.

Discounts on trading fees

KCS is used to pay the trading commissions on exchanges as a utility token of the KuCoin platform. However, consumers may also take advantage of discounts of up to 80%, giving them extra cash to spend on trading.

Expanding use cases

Last but not least, KCS has applications that extend outside the KCS platform. It can be used as a payment method for a variety of things, including shopping, purchasing gaming supplies, and booking accommodations.

In a Nutshell

Top cryptocurrency exchanges worldwide include KuCoin. Perpetual, futures, and leveraged token trading are all excellent on Kucoin. It is less well-known than other exchanges because its name isn’t regularly splashed across the headlines for significant hacks and security breaches.

KuCoin can keep its head down and rise to the top of the cryptocurrency market with the correct business plan in place. Nothing in life or cryptocurrency is guaranteed, but KuCoin is an exchange with a strong chance of surviving the regulatory barrage the sector will undoubtedly continue to face.

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