KuCoin Token (KCS)
- Category: Central Exchange Token
- Coin Launched: September, 2017
- Resources: White Paper
- Official Website: KuCoin Token
- Reddit: KuCoin Token
About KuCoin Token
KuCoin is an international cryptocurrency exchange based out of Seychelle that currently supports the trading of 250 digital assets.
What’s unique about KuCoin is that they share 50% of their overall trading fee revenue with users holding their exchange-based token. In a similar fashion to Binance, KuCoin offers relatively low trading fees and incentives for holding (or trading) its native cryptocurrency.
KUCOIN History / Information / Buying / Staking
Johnny Lyu is a cofounder and CEO of KuCoin, a global leading cryptocurrency exchange. Founded in 2017, KuCoin quickly boomed in popularity to become one of the largest international crypto exchanges. Lyu, based in Asia, says this company has more than 10 million users across 207 countries and regions around the world.
HOW KUCOIN WORKS
KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. It has a web interface as well as a popular mobile cryptocurrency app. You can buy KuCoin's native token (KCS) to reduce fees and earn rewards. The account verification process is optional, so people can trade crypto with just an email address.
BENEFITS OF USING KUCOIN
Some of the benefits of using Kucoin are:
Users of the KuCoin cryptocurrency exchange can earn passive income by staking their crypto assets. Specific cryptocurrency tokens can be staked to help validate the network and keep it secure, where you earn rewards when you stake your tokens for a specific time period.
More than 5 million trading bots have been set up on KuCoin. Once configured, they automatically buy or sell cryptocurrency in order to generate yield. Unlike you, bots can trade all day, every day.
Margin trading allows you to long or short a specific amount of Tether (USDT), BTC and ETH denominated market pairs, with up to 10x leverage. These pairs can include top cryptocurrencies, and unlike futures, margin trading occurs directly on the spot exchange.
Initially, KuCoin launched what was known as KuMEX. In June 2020, KuMEX rebranded to what we know today as KuCoin Futures. This is an advanced cryptocurrency trading platform that offers a variety of leveraged futures that can be bought or sold in cryptocurrencies.
CAN YOU STAKE KUCOIN
KuCoin soft staking program allows you to earn cash-back rewards by holding your crypto assets in the main or trading account.
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