The KuCoin Shares (KCS) token is an ERC20 token issued by the KuCoin exchange. It gives holders a 50% discount on trading fees and other benefits.
KuCoin Shares were issued in two phases. The first phase lasted from October 2017 until January 2018, during which time a total of 200 million KCS were created. One hundred million were then sold in an ICO to fund further development of the platform and generate liquidity for users. The founders retained the remaining 100 million, who continue to hold them today.
The second phase of KCS creation occurred in February 2018, when the remaining 100 million tokens were distributed among investors who purchased KCS during the first phase. This distribution was conducted via airdrop rather than burning or selling them on exchanges, so all current holders received some new KCS as part of this process.
You probably have heard of KuCoin Shares (KCS) if you are a crypto enthusiast. KCS was founded by the same people who created the KuCoin cryptocurrency prices. It is also owned company that owns KuCoin.
KuCoin Shares is a token that works as a dividend for holders of their exchange. The reward comes in 50% of all fees collected on their platform. This means that if you hold KCS, half of all fees collected on their exchange will be paid out to holders in proportion to how many tokens they own.
Holders can use these dividends to pay for transaction fees or withdraw them as any other cryptocurrency would be removed from an exchange like Binance or Bittrex. The main benefit of holding KCS is that it gives you access to lower trading fees than average since half of all costs are paid out in dividends.
The token is called KuCoin Shares (KCS). It’s a crypto trading platform that can be purchased on the KuCoin platform, and it gives the holder dividends if they hold the token.
The KCS token has a lot of benefits for people who invest in it. It can be used to pay for trading fees on the platform, and it also gives you access to special features like discounts on trading fees. Additionally, you receive dividends from holding KCS tokens. Every quarter, KuCoin distributes 50% of its earnings to users who have KCS tokens on their balance sheets.
What Is KCS?
KCS stands for KuCoin Shares. KuCoin Shares is a token issued by KuCoin, a cryptocurrency exchange that offers various cryptocurrencies to buy and sell.
How Do I Buy KCS?
The easiest way to buy KCS is through trading on the KuCoin platform. You first need to create an account on KuCoin, which is free and only takes a minute or two. Once you’ve completed your account, you can deposit funds into it using any cryptocurrency, including BTC, ETH, and NEO. Then you can purchase KCS with your deSposited funds by simply searching for it in the search bar at the upper side of the screen and clicking on “Buy.”
What Are Some Other Ways To Get KCS?
One way people may get some KCS is through “airdrops.” An airdrop is when a new blockchain project distributes free tokens among its community members as part of its launch process. Another way would be through mining—if you have a powerful computer that can solve complex mathematical problems quickly (like Bitcoin), you could earn some KCS by doing so!
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