How does KuCoin Token work?
KuCoin Token (KCS) is a cryptocurrency issued by the KuCoin exchange.
It is an Ethereum-based ERC20 token that gives holders access to a variety of features and benefits on the KuCoin platform. The primary purpose of KCS is to be used as a utility token on the KuCoin platform. Holders of KCS can use it to pay for trading fees, receive discounts on trading fees, and receive rewards from the KuCoin Bonus Program.
Holders of KCS also receive additional benefits such as exclusive promotions, early access to new coins and tokens listed on the exchange, voting rights for coin listings, and access to special customer service channels. KCS can also be used as collateral for margin trading on the KuCoin platform. This allows users to borrow funds from other users in order to increase their buying power and take advantage of market opportunities.
Finally, KCS can be used as a store of value due to its limited supply and increasing demand from users who want access to all of the features and benefits offered by KuCoin.
