What are the benefits of holding KuCoin Token?
The KuCoin Token (KCS) is a cryptocurrency issued by the KuCoin exchange.
It is used to pay for fees on the platform, such as trading fees, withdrawal fees, and listing fees. It also provides holders with a range of benefits, including: 1. Trading Discounts: KCS holders receive discounts on trading fees when they use KCS to pay for them.
The discount rate increases as the amount of KCS held increases. 2. Passive Income: KCS holders receive a portion of the trading fees generated by the exchange each day in the form of dividends.
This dividend is paid out in both KCS and other cryptocurrencies listed on the exchange. 3. Voting Rights: KCS holders can vote on which new coins and tokens should be listed on the exchange, giving them a say in which projects are successful and which ones fail.
4. Access to Exclusive Events: KCS holders are eligible to participate in exclusive events hosted by KuCoin, such as airdrops and promotions. 5.
Enhanced Security: KuCoin has implemented a system called “Proof of Stake” that requires users to hold a certain amount of KCS in order to access certain features of the platform, such as withdrawing funds or making trades with large amounts of money. This helps protect users from malicious actors who may try to take advantage of them or steal their funds.
