What is KuCoin Token (KCS), and how does it work

What is KuCoin Token (KCS), and how does it work?

The Kucoin token (KCS) is the native token of Kucoin and it allows traders to share the growth benefits of the Kucoin crypto exchange.

There are some great rewards and benefits to taking part in the Kucoin ecosystem if you hold the Kucoin token KCS.

Kucoin is one of the top Bitcoin and altcoin crypto exchanges and the Kucoin token KCS will let you pay lower fees and take part in launchpads or staking pools.

What is Kucoin?

Kucoin crypto exchange is built for both beginners in crypto trading and advanced crypto traders. Therefore, they use the slogan “People’s Exchnage” and they fulfill this by serving over 10 million users from 207 different countries and regions.

Kucoin offers many trading features including spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending.

In many aspects, Kucoin is the number on altcoin exchange since it lists many cryptocurrencies and offers extremely low trading fees. All in all, Kucoin has over 600 listed cryptocurrencies and more than 1.100 trading pairs. In addition, Kucoin has historically listed many successful crypto gems including Bloktopia (BLOK), Chumbi Valley (CHMB), Victoria VR (VR), and Calamari Network (KMA), DAO Maker (DAO).

According to Coinmarketcap, Kucoin is a top 5 crypto spot market exchange in terms of web traffic, average liquidity, and trustworthy trading volume.

According to Coingecko’s trust score ranking for exchanges, Kucoin ranks on 7th place for spot markets.



What is KuCoin Token (KCS)?

The Kucoin token (KCS) is the native token of Kucoin and it allows traders to share the growth benefits of the Kucoin crypto exchange.

For now, it’s an ERC-20 token running on the Ethereum network. However, in the future, a decentralized trading solution will go live, created by Kucoin.

At this point,  KCS will be the native asset of KuCoin’s decentralized financial services as well as the governance token of the KuCoin community in the future.

Also, read about the Binance Coin BNB.

Holding Kucoin Token KCS Benefits

By holding the Kucoin token (KCS)in your account

  • KuCoin converts a portion of collected trading fees into KCS and then distributes it to KCS holders in accordance with the amount of KCS held. Users holding more than 6 KCS qualify to earn a daily dividend from KuCoin as a passive income. The actual amount received depends on the user’s individual holdings, the total amount held by all users eligible for a bonus, as well as KuCoin’s daily trading volume.
  • Opt in to pay your trading fees with the KCS token and you will get -20% on all spot market trading fees. See below how to do this.
  • Use the Kucoin token KCS to participate in the Kucoin launchpad called Spotlight (IEO) or the launch pool called Burningdrop. Also, you can even book a trip on Travala, and much more.

Kucoin Token KCS and Kucoin Community Chain KCC

KCS holders and fans builded the Kucoin community chain KCC. KCC is a decentralized public chain with EVM compatibility.

The purpose of the KCC is to solve the problems seen on other blockchains like low performance and high cost of the public chain. KCC aims to provide the community users with a faster, more convenient, and low-cost experience. 

KCS is used as the only fuel and native token for KCC and can be used to pay for gas
fees and support the development of projects built on KCC.

Kucoin Token KCS Whitepaper

KuCoin crypto exchange Co-Released KCS Whitepaper with KCS Management Foundation on March 29, 2022.

Kucoin Token KCS Tokenomics

The Kucoin exchange shares the vision of “from geeks to mass adoption”, and with its KCS they are building a blockchain-based value sell-circulation ecosystem that aims to connect the world of both centralization and decentralization and explore the Web 3.0 world.

How to Pay Kucoin Trading Fees with the Kucoin Token KCS?

You can reduce your trading fees on Kucoin by paying them with the native Kucoin KCS token.

You can opt-in for this option directly from the trading screen. See the screenshot below for detailed instructions.

In the left screenshot, you see the full Kucoin trading screen and the screenshot to the right is the zoomed version.

Screenshot from kucoin trading screen - How to pay Kucoin trading fees with the KSC token to get discount

Price Analysis and Predictions of Kucoin Token KCS

To make a proper long-term price analysis of any coin you need to analyze the supply and demands, this is also true for the Kucoin token KCS.

Kucoin Token KCS Fundamental Analysis

Kucoin Token KCS Supply: The initial supply of the Kucoin Token KCS was capped at 200 million. However, the final supply is planned to stabilize at 100 million through a buyback and burn mechanism, making the KCS and deflationary token.

Kucoin Token KCS Demand: Kucoin has successfully created a demand and incitements to hold KCS tokens.

As described above, these demands include

  • Possibility of lowering the Kucoin trading fees by holding and paying trading fees in KCS
  • A great chance to earn passive income by holding the KCS token since Kucoin uses 50% of its trading fees to buy back the token and distribute it among Hodlers.
  • Participation in Kucoin launch pads and launch pools

The long-term fundamentals look strong for the Kucoin token KCS since they have established some strong and long-lasting demands for the KCS token.

Kucoin Token KCS Technical Analysis

There are many different technical analyses of the Kucoin token KCS circulating. Technical analysis tends to get outdated frequently since they are usually analyzing short-term patterns.

We prefer to use long-term fundamental analysis to HODL cryptocurrencies for a long time and take part of all benefits and rewards this gives you.

However, if you are interested in KCS technical analysis there are some great places to find these. For example, check the latest KCS trading signals with Tradingview.

Kucoin Trading Exchange

Kucoin is great to exchange for spot trading and derivative trading.

Kucoin is one of the crypto exchanges that has the lowest spot market trading fees.

Kucoin is also a great trading site for perpetual, futures, and leveraged tokens. Read more about the best crypto trading sites for leveraged tokens.

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