KuCoin Token (KCS) is one of the most popular cryptocurrencies in the crypto market (having more than 15,000 cryptocurrencies) currently. In terms of market cap, it is currently the 73rd largest digital currency (over US$1.73 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the KCS token, how it works, and many more.
KuCoin Token (KCS) is a profit-sharing token that enables traders to draw value from the KuCoin exchange. It was co-founded by Eric Don, Jack Zhu, John Lee, Kent Li, Linda Lin, Michael Gan, and Top Lan in 2013. On Sep 15, 2017, the KuCoin exchange (headquartered in Singapore) was launched.
KCS, the native coin of KuCoin, is an ERC-20 token that runs on the Ethereum network. Most Ethereum wallets support this token. 200 million is the total supply of KuCoin Token. Planned buyback and burn are carried out until 100 million KCS tokens remain in the network. Once the decentralized trading solution of KuCoin goes live, KCS will become its native asset and the KuCoin community’s governance token in the future.
KuCoin’s key priority will be “Empowering KCS”, building KuCoin Token as a killer product that will provide diversified benefits to the KCS holders. KCS, in the future, will work as the key to the entire ecosystem of KuCoin. This token will be the underlying fuel and general token of DEX and KuChain in the long run.
If you hold 6 KuCoin Tokens, you can earn daily dividends as a passive income. The dividend is paid by the platform from the 50% daily trading fee revenue of the KuCoin exchange. The network has devised a unique incentive mechanism called KCS Bonus for KCS holders as well as KuCoin ecosystem builders.
The reward amount of a user depends upon two factors:
If you’re a user of KuCoin Token, you can get up to 80% discounts. The standard encryption protocols such as multi-cluster and multi-layer architectural systems are used for the security and stability of the network and transactions on the platform.
Two major KCS use cases are:
All these facts and figures (as of December 22, 2021) will help you to make a decision on investing in the KCS token. Before making KuCoin Token transactions, check out these facts and figures associated with this cryptocurrency of choice:
If you check the KuCoin Token price chart and price history, you’ll find that since its launch, the price of KCS has in fact increased by +3050.67%. Since its all-time low, it has bounced back by +6381.95%. From its ATH at US$28.80 (achieved on Dec 01, 2021), the current KCS price is still -24.25% down. So, before buying KCS tokens, you should check the fundamental and technical factors.
Always check out KCS markets, the ways to earn KuCoin Tokens, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily.
You can buy KCS tokens in almost all reputed cryptocurrency exchanges including:
You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.
The most popular price pairs of KCS are:
Before investing, check out KCS history and its historical data, crypto news, KCS token price charts, price performance, market updates, KCS to USD (United States Dollar) exchange rate, the value of KCS token, the Bitcoin price trend (as KCS is one of the hard forks of the original Bitcoin token), trading fees, and others.
The best KCS token cryptocurrency wallets to store KCS coins are:
You can buy and sell KCS and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and KCS token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other digital assets such as KCS, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.
Also check whether you can exchange KuCoin Token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.
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