Everything you need to know about the KuCoin KSC – CVBJ token


Here is the latest news regarding the KCS token, owned by the KuCoin exchange:

On December 1, KCS broke its all-time price record reaching US $ 28.77. KCS is the native token of KuCoin and is one of the few CEXs that you can earn passive income with. Holding at least 6 KCS, you can generate a daily KCS bonus which comes from 50% of the daily KuCoin income. Another advantage of using KSC is that it allows you to get 20% discounts on trading commissions, participate in Spotlight (IEO) and Burningdrop (a new product from launchpool), book a trip to Travala and more. Much like the chain’s KCC token public, KCS will be the fuel to fuel on-chain transactions, liquidity extraction and more. KCC’s TVL is approaching US $ 40 million and many emerging dApps are interested. Compared to other CEX tokens, KCS is the best broker with 33 times the price increase since the start of the year.

1. What is the KCS?

KCS is the native token of KuCoin which was launched in 2017 as a utility token that allows traders to share in the growth benefits of the exchange. The total supply of KCS has been set at 200 million and a buyout and burn is scheduled until only 100 million KCS remains.

2. What is the relationship between KCS and KuCoin?

As a native token of KuCoin, the value of KCS is strongly tied to that of the KuCoin exchange platform.

KuCoin is an international cryptocurrency exchange for many digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. Currently, it offers Spot, Margin, Fiat P2P, Futures, Staking and Lending trading operations to its 8 million users in over 207 countries and regions around the world.

Known as “The People’s Exchange”, KuCoin offers its users 24/7 customer support services in multiple languages. In addition, KuCoin has established around 19 local communities across North America, Europe, MER and other regions, providing users with highly localized services.

As the homeland of crypto gems, KuCoin has supported some 600 projects with over 1,000 trading pairs. A significant number of promising projects such as BLOK, KDA, ZKT and MOVR had a master listing on KuCoin.

In November 2018, KuCoin announced a 20 million (USD) round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the third largest cryptocurrency exchange. In 2021, Forbes Advisor named KuCoin as one of the top crypto exchanges.

As a KCS holder, you will be able to get a daily KCS bonus from 50% of the daily KuCoin income. So, as KuCoin grows, the daily KCS bonus will simultaneously increase.

3. What is the KCS bonus?

The KCS Bonus is a unique incentive for KCS holders and for creators of ecosystems on KuCoin. It is also considered to be one of the best ways to earn passive income. Users who own at least 6 KCS can get a daily bonus, which comes from 50% of the daily commission income in KuCoin. The amount of rewards that users can get depends on the amount of KCS reserves and the trading volume of the KuCoin Exchange.

4. What is the relationship between KCS and Spotlight?

KCS holders can participate in the token sale on KuCoin Spotlight. KuCoin Spotlight is a platform serving early stage crypto projects and their token distribution. KuCoin users can participate in the early investment of their favorite projects through Spotlight and earn profits from it.

Based on historical data, KuCoin launched 14 Spotlight projects with the highest ROI, over 2763%. To name a few, LUKSO multiplied by 122 the price of the token and the price of PDEX increased by 114 times. Take VR as an example, now the price of VR is $ 0.468. And the Spotlight token selling price is US $ 0.00295. If you had participated in the sale of the VR token on Spotlight at that time, your investment income would have been multiplied by more than 100.

5. How does KCS relate to Burningdrop?

KCS holders can join BurningDrop. Burningdrop is a fair token distribution platform and has so far supported token distribution from a wide range of blockchain startups including HORD, TCP, LOCG, LNCHX, XCAD, etc. Users can access the project token by blocking a designated amount of crypto assets. Additionally, users can designate tokens to increase their computing power for later distribution of the tokens. To date, the average ROI for projects listed through BurningDrop is over 3,814%.

6. What is the relationship between KCS and KCC?

Another milestone for KCS is the development of KCC, which is a decentralized public channel built by KCS fans and KuCoin fan communities. KCS is used as the exclusive fuel and native token for KCC and can be used to pay gas charges.

KCC is an efficient decentralized public channel. It features high performance, low latency, low transaction costs, and good security and stability. Additionally, it aims to improve on-chain processing power and performance with the Proof of Stake Authority (PoSA) consensus mechanism by reducing block commit time to 3 seconds. Adopts KCS as chain gas tariff to reduce overall transaction costs. By developing ‘faster transaction confirmation speed’, ‘higher transaction throughput’ and ‘lower transaction fees’, KCC aims to deliver faster, more convenient and less expensive experiences for community users. .

The number of KCS addresses increased steadily in 2021. We saw a positive impact on cardholder growth after the launch of the KCC mainnet in June. Growth of KCS addresses on KCC’s public channel contributed 45% of overall growth this quarter.

According to KCC Discover, KCC’s TVL is around US $ 40 million with emerging projects such as Mojitoswap and Kuswap.

7. What is KCS engraving?

The KCS tokenomic is deflationary. The KCS team executes the buyout and regularly burns KCS. Since January 2021, in order to accelerate the KCS burn process and adapt more effectively to market development, the KCS team has decided to adjust the KCS buyback and burn period from quarterly to monthly. So far, KCS has performed 11 burns this year. In total, 3,313,482 KCS were burned, equivalent to $ 37 million.

8. Where has KCS been included?

KuCoin is the largest marketplace for KCS with an average daily volume of 20 million. KCS liquidity continues to improve as KCS has been listed on exchanges such as KuCoin, MXC, Poloniex, AscendEX (formerly Bitmax) and Probit.

9. What are other use cases for KCS?

KCS is a payment method. Moreover, it has a significant number of use cases in everyday life. You can shop online, book hotel rooms, and play games through KCS. Other KCS usage scenarios are listed below.

SwirlPay, a decentralized payment service that supports payments on KCS.PlayGame, a live gaming platform that allows users to play with KCS.KCS can be used for hotel reservations on Travala, the main Blockchain travel and hotel reservation platform. Shop for trendy products on Print-ted with KCS. KCS is able to support various online and offline payment scenarios with Pundi X. Use KCS to purchase monster card packages on Splinterlands. Put KCS under collateral to borrow in US dollars (USD) and Vietnamese dong (VND) on Constant.CoinPayments, a borderless online payment platform, which accepts payments on KCS.BetProtocol, added KCS as the main token used in its gaming applications.

Did you like the content? Share it


About Author

Comments are closed.