KCS Team Completes 13th Quarterly (Q4 2020) KCS Burn
02/25/2021, 20:00:59
Dear KCS Holders,
In accordance with the white paper, KCS team has executed the 275,179 KCS burn for Q4, 2020. The estimated burning amount is 605,393 USDT, which is the highest of 2020.
Burn Txid:
https://etherscan.io/tx/0xa1cd6fcde83d676b8a04ad96e8328bbe76ca73ced92e2a5405af7338debe4910
To accelerate the process of KCS burn and adapt to the market development more efficiently, the KCS team decides to adjust the period of KCS buyback and burn from each quarter to each month.The January burn amount is 10% of the January income of KuCoin.
The team will start January buying back at 16:00 on February 25, 2021 (UTC) and will announce the exact burning amount and TXID after the execution.The estimated burning amount is 674,949 USDT.
Current KCS Circulating Supply: 79,843,459 KCS
Current KCS Total Supply: 169,843,459 KCS
Thanks for your support!
The KCS Team
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