KuCoin Token (KCS) is the native token of the KuCoin cryptocurrency exchange. Launched in 2017, KCS serves multiple purposes within the KuCoin ecosystem. It operates on the Ethereum blockchain as an ERC-20 token but also integrates with the KuCoin Community Chain (KCC).
KCS holders can benefit from daily bonuses, which are derived from the trading fees collected by the exchange. Using KCS to pay trading fees can also provide discounts on trading fees, making transactions cheaper for users. You can also stake KCS on KuCoin Earn to enjoy a share of KuCoin’s profits. Additionally, KCS is used for participating in token sales and other special events on the platform.
You can use KCS for various online and offline payments, including travel bookings, gaming, and retail purchases. The token is regularly bought back and burned by KuCoin to reduce its supply, which can increase its value over time.
