KuCoin Token (KCS) Briefing

KuCoin Token (KCS) Briefing

Key messages

    • KCS breaks new all time high on Nov 8, reaching $22.5
    • KCS is the native token of KuCoin and it’s one of the few CEX tokens that holders can get daily passive income. Holding at least 6 KCS can get a daily KCS bonus, which comes from 50% of KuCoin daily revenue. 
    • Other use cases of KCS include getting a 20% trading fee discount on KuCoin, participating in Spotlight (IEO) and Burningdrop (new coin mining), booking a trip on Travala and more.
    • As the native token of KCC public chain, KCS will be the fuel to empower onchain transactions, liquidity mining and more. The TVL of KCC approaches 40 million with lots of interesting DApps emerging. 
    • In comparison with other CEX tokens, KCS is the top runner, with a 1345% up in price since the beginning of this year.

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1. What is KCS?

KCS is the native token of KuCoin, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.

2. How is KCS related to KuCoin? 

As the native token of KuCoin, the value of KCS is strongly correlated with KuCoin exchange platform. 

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges.​ It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. 

​Known as "People’s Exchange", KuCoin provides users with 24/7 multi-language customer services. Meanwhile, KuCoin has established about 19 local communities in North America, Europe, SEA and other regions, providing users with highly localized services.​

As the home of crypto gems, KuCoin has supported over 540 projects with 960+ trading pairs. A number of promising projects like BLOK, KDA, ZKT, and MOVR had primary listing on KuCoin.​

In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the third biggest crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the  Best Crypto Exchanges.​

As a KCS holder, you will be able to get a daily KCS bonus which comes from 50% of KuCoin daily revenue. So as long as KuCoin grows, the daily KCS bonus will grow accordingly.

3. What is KCS Bonus?

KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. 

It is also regarded as one of the best ways to make passive income. Users who hold at least 6 KCS can get a daily bonus, which comes from 50% of KuCoin’s daily trading fee revenue. 

The amount of rewards that users can get depends on the number of KCS holds and the trading volume of the KuCoin Exchange. With the increasing trading volume of KuCoin, the estimated APR of KCS bonus exceeds 15% lately, which makes more users willing to hold it.

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4. How’s KCS related to Spotlight?

KCS holders can participate in the token sale on KuCoin Spotlight. KuCoin Spotlight is a platform that serves early-stage crypto projects and its initial token distribution. KuCoin users can participate in the early investment of their preferred projects through Spotlight, and gain profits.

According to the historical data, KuCoin has launched 14 Spotlight projects, with the highest 

ROI exceeding 2763%. To name a few, LUKSO has reached a 122 times increase in token price, and PDEX price surged by 114 times.

Take LYXE as an example, now the LYXE price is $34. And the Spotlight token sale price is $0.22 USD. If you participated in LYXE's Token Sale On Spotlight at that time, your investment income would be over 100 times.


5. How’s KCS related to Burningdrop?

KCS holders can join BurningDrop. BurningDrop is a fair token distribution platform, and has supported the token distribution of a wide range of blockchain start-ups so far, including HORD, TCP, LOCG, LNCHX, XCAD, etc. 

Users can access the project token by locking a designated amount of crypto assets. In addition, users can designate tokens to increase their computing power for more token distribution. So far, the average ROI of projects that were listed through BurningDrop exceeds 3814%. 

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