Kucoin is one of the leading cryptocurrency exchanges that provides a range of advanced features for active and experienced cryptocurrency traders. Kucoin Shares (KCS) is the native token of this crypto exchange that can be used as a payment method and users can also exchange it for different cryptocurrencies.
In this guide, you’ll learn everything you need to know about the KSC token, including its major features, benefits, how you can acquire it, and many more.
What is a KCS Token?
Kucoin Shares (KCS) is the native token of the Kucoin exchange. The token was launched as an ERC-20 token in 2017 and has been offering numerous benefits for its holders on the exchange.
These tokens offer various benefits when used on the Kucoin exchange. Users can enjoy discounts of up to 20% on trading fees based on the amount of KCS tokens held. Additionally, staking KCS allows KuCoin users to earn a percentage of the daily exchange profits.
These payments are a direct reflection of the exchange’s performance in terms of transactions and volume. The more trading fees the platform collects, the larger the daily rewards pool, and the amount of dividends paid is proportional to the amount of KCS one holds.
KCS has a market cap of over $1 billion and its current price is $10 per token. The token can be used to trade or swap for other cryptos seamlessly on OKX and other reputable exchanges.
Tokenomics
The KuCoin Token (KCS) was launched through an Initial Coin Offering (ICO) in September 2017. During the ICO, the total supply of KCS was set at 200 million tokens. The crowd sale raised nearly $20,000,000 in BTC, as 100,000,000 KCS were distributed to exchange founders and private investors, and the other 100,000,000 were sold in the crowd sale. The ICO price per KCS was 0.000055 BTC or $0.197326.
Token name – Kucoin Shares
Symbol – KCS
Network – ERC-20
Total circulation – 143,996,827 KCS
Current circulation – 96,496,827 KCS
24-hour Volume – $1.4 million
How to Acquire a KCS Token?
KCS can be purchased in a variety of ways. The easiest way to earn KCS is to refer your friends to the Kucoin exchange. With the KuCoin referral program, you can earn 20% to 40% of the trading fees of your invitees.
The referral program works as follows:
You send your friends a link to join KuCoin. Each referral is effective for one year from the time your friend makes their first order.
You get a referral bonus in three levels:
A-level invitees: 20%
People who sign up directly via your link.
B-level invitee: 12%.People who sign up indirectly via your invitee’s referral link.
C-level invitee’s links: 8%.
The rewards are only paid in KCS tokens. This makes it one of the easiest ways to earn free KCS tokens. Alternatively, you can make use of the “Buy” option on Kucoin or any other reputable exchange to purchase the KCS token directly with fiat or crypto.
To sign up on Kucoin, click here.
Benefits of KCS Token
KuCoin Token (KCS) ownership has many advantages, making it a desirable investment for crypto traders and investors. Some of the benefits of the Kucoin Shares (KCS) includes:
Trade
In addition to being a useful asset within the KuCoin community, KCS is also tradable on different exchanges, which means you can buy, sell, and trade KCS on different platforms. The overall liquidity and market demand of KCS add to its overall worth and value as an investment choice.
Savings
KCS token ownership provides up to a 20% discount on trading fees on the KuCoin exchange. Additionally, as the KuCoin ecosystem grows and demand for KCS increases, the token’s value may appreciate over time.
Spend
The KCS token is widely accepted as a means of payment on various exchanges for buying cryptos. Additionally, they can be used for trading directly on the spot market of various exchanges, making it a versatile cryptocurrency.
Earn
KCS holders can participate in unique campaigns and receive a share of the platform’s earnings, with the percentage increasing based on the amount of KCS owned. For example, let’s say you have 10,000 KCS and the exchange charges 20 BTC in trading fees per day (0.01% of the daily trading volume). You’ll get 0.01 BTC per day converted into KCS. Payouts are calculated per token pair on KuCoin and are mostly distributed in KCS.
End Note
KCS is an integral part of the KuCoin network and provides various advantages to its holders such as lower trading fees, generous discounts, exclusive promotions, and a portion of the revenue generated by the platform. Keeping an eye on the most up-to-date KCS price and KCS charts can assist traders and investors in making informed investment decisions. To learn more about KCS, check out our full Kucoin review.
FAQs
Is KCS crypto legit?
Yes, the KCS crypto is legit. KuCoin Token (KCS) is the native cryptocurrency of the KuCoin exchange, which is one of the leading cryptocurrency exchanges in the world. KCS was created by KuCoin and is designed to be used within the KuCoin ecosystem.
How can I acquire KCS tokens?
The easiest way to earn KCS tokens for free is to participate in the referral program on the Kucoin exchange. You’ll be given a referral code which you can share with your friends and family. In this program, you can earn up to 40% of your referrals’ trading fees in commission which is paid in KCS tokens.
How can I save on trading fees with KCS tokens?
You can save up to 20% on your trading fees when you use the KCS token for payments on Kucoin. Holders of KCS receive discounts on trading fees when they use KCS to pay for trading fees on the KuCoin platform. The amount of discount depends on the level of KCS holdings.
How can I earn rewards with a KCS token?
KuCoin offers various staking programs where users can stake their KCS tokens to earn additional KCS or other cryptocurrencies as rewards.
