KuCoin Token (KCS) is listed on the AscendEX platform

KuCoin Token (KCS) is the underlying asset of the KuCoin exchange. The initial supply of KCS has been set at 200 million, and there is a monthly burn plan until there are only 100 million KCS left. The last KCS engraving was performed on April 14, in which 160,723 KCS valued at 1,983,246 USDT were burned.

At present, the total supply of KCS is around 169 million with a circulating supply close to 79.28 million. According to CoinMarketCap, KCS now ranks No. 91 with a market cap of $ 1.16 billion.

KCS has been integrated with KuCoin products and services in several ways. One of the most popular use cases is the KCS bonus. Users who hold at least 6 KCS can get a daily bonus, which comes from 50% of the daily KuCoin trading fee income.

KCS can also be used to pay trading fees on KuCoin with a 20% discount. Additionally, KCS use case includes participating in token selling on KuCoin Spotlight, as well as LockDrop / BurningDrop on the Pool-X platform.

Global CEO of KuCoin Johnny lyu said, “KCS is the backbone of the entire KuCoin ecosystem. Beyond existing use cases, KCS will also be the underlying fuel and native token for the upcoming KuCoin Community Chain (KCC), as well as KuCoin’s decentralized trading solution. is a good start and we will continue to BUIDL around KCS to make it available on larger platforms. “

Known as the People’s Exchange, KuCoin is favored by 8 million global users for various tradable assets, friendly user experience and reliable support. He raised $ 20 million in connection with the financing of cycle A of IDG Capital and Matrix Partners in November 2018 and is now the 5th largest crypto exchange on CoinMarketCap.

SOURCE KuCoin

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