KuCoin Token (KCS) is the native asset of the KuCoin exchange. It is an ERC20 token released in 2017 that serves as a utility token. KuCoin intends to position KCS as the native currency for its upcoming decentralized trading platform and, in the future, as the governance token for the KuCoin community.

There are 80,118,638 KCS in circulation, and the exchange regularly rewards KCS holders with daily bonuses. The original total supply was 200 million, but it has been reduced through the platform’s token burning approach. KuCoin plans to keep using buyback and burn initiatives until only 100 million tokens remain.

What are KuCoin Token’s key features and how does it work?

KuCoin is a global cryptocurrency exchange offering a broad set of trading and financial services. These include spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending. The platform has users in 207 countries and regions. Within the KuCoin ecosystem, KCS plays a central role-serving as the core “fuel” and native token for all KuCoin decentralized offerings.

KuCoin often supports smaller-cap cryptocurrencies with strong growth prospects. Because of this, traders can access a wide selection of tokens, including lesser-known projects. The exchange also provides a relatively high profit-sharing incentive, returning up to 90% of trading fees to KCS holders. 

What is noteworthy about KuCoin Token?

KuCoin Token stands out with a bonus program designed for traders. This is called KCS Bonus, functioning as an incentive for both KCS holders and builders within the KuCoin ecosystem. 

Anyone holding at least 6 KCS is eligible for a daily bonus funded by 50% of KuCoin’s daily trading fee revenue. The size of potential rewards depends on how many KCS a user holds and the total trading activity on the KuCoin Exchange. As KuCoin’s trading volume rises, rewards can increase as well.

What can KCS be used for?

As a utility token, KCS supports several use cases. Inside the KuCoin ecosystem, it can be used to pay trading fees on the KuCoin Exchange, which allows users to receive a 20% discount. 

KCS can also be used to take part in token sales through KuCoin Spotlight, along with LockDrop/BurningDrop on the Pool-X platform.

In addition, KCS may be used as a payment option for the following:

Where can you buy KCS?

You can purchase KCS on a range of exchanges. Naturally, KuCoin is the most widely used option, with the highest trading volume.