The KCS Bonus Upgrade Proposal Has Been Approved: Introducing KCS Staking Products
Dear KCS Holders and Community Members,
We sincerely thank you for your unwavering support and insightful suggestions for the KCS ecosystem, particularly regarding the KCS Bonus. The voting on the KCS Bonus upgrade proposal concluded on November 28, 2023, at 07:00 (UTC), achieving an impressive 94.39% approval rate.
In line with our commitment to promoting decentralization and the growth of the KCS ecosystem, KuCoin is pleased to announce our full support for the KCS Bonus Upgrade and the introduction of KCS Staking Products:
- KCS staking products are set to officially launch on KuCoin on November 29, 2023, at 10:00 (UTC). Engage in KCS staking through the Earn products page: https://www.kucoin.com/earn/kcs
- KCS holders also have the option to participate in KCS staking through on-chain nodes at: https://staking.kcc.io/
KCS Staking Activity:
During the KCS Bonus upgrade period, KuCoin will conduct a 30-day KCS staking activity.
Activity Period:
November 30, 2023 - December 29, 2023
Activity Details:
The original KCS Bonus, which rewarded KuCoin users for holding KCS, has been upgraded to a staking-based reward system. In addition, the KCS Management Foundation will subsidize an extra 20% daily reward to KCS stakers. The reward distribution is structured as follows:
| Date | Staked KCS Share of KCS Bonus | Remaining KCS Bonus Share |
| Nov 30 - Dec 09 | 20% + 20% | 80% |
| Dec 10 - Dec 19 | 50% + 20% | 50% |
| Dec 20 - Dec 29 | 70% + 20% | 30% |
After this activity ends, the original KCS Bonus distribution will cease, and subsequent rewards will be fully allocated to KCS stakers.
Link to the KCS Bonus Upgrade Proposal Vote: https://snapshot.org/#/kcc.eth
KCS Proposal Announcement: https://www.kucoin.com/announcement/The-Joint-Proposal-for-KuCoin-Bonus-Upgrade-by-KCS-Management-Foundation-and-KCS-Community
Thank you for your support!
Sincerely, KuCoin
November 28, 2023
RSS