What is KuCoin Token (KCS)?
KuCoin Token (KCS) is a cryptocurrency issued by the KuCoin exchange.
It is an Ethereum-based ERC20 token that was launched in 2017. The token is used to incentivize users of the KuCoin exchange, providing them with discounts on trading fees and other benefits. KCS holders are rewarded with a portion of the trading fees generated by the exchange, which is distributed daily.
This reward system encourages users to hold KCS tokens, as it increases their rewards over time. Additionally, KCS holders can also receive bonuses for referring new users to the platform. The total supply of KCS tokens is 200 million, and they are currently traded on several major exchanges including Binance, Huobi Global, OKEx, and HitBTC.
The price of KCS has been steadily increasing since its launch in 2017 and has seen significant growth in 2021.
