KuCoin KCS
Report IssueKuCoin Shares cryptocurrency is a digital currency that is created as a means of payment for users of the KuCoin exchange. With this coin, all traders of the Ucoin exchange can pay a commission and claim a share of the profits.
Details
Score
Sentiment
Bullish 
Fundraising Statistics
$13.42 +6.25%
$0.25
KCSKuCoin
USDCUSD Coin
Short Review KuCoin
Crypto project KuCoin (KCS) is classified as a Exchange. KuCoin is a Utility token that is hosted on the Ethereum Network. The current total supply is 144.89 M KCS (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of 100.00 M KCS (50.00% of total tokens) have been allocated for the public sale. The level of social activity of the KuCoin project is assessed as Medium.
KuCoin ICO Overview
Estimated date for the public token sale: 13 August 2017. KuCoin (KCS) price during the token sale: 0.25 USD.
KCS Price Chart
The launch of KCS token trading took place on 24 October 2017.
Fundraising Rounds
Total sold 130.00 M KCS tokens (0.65% of total tokens). Total amount of funds raised by the KuCoin project is $45.00 M.
| Investment Round | Date | Price | Funds Raised |
| Series A | October 2018 | -- | $20.00 M |
| Public Sale (ICO) | August 13, 2017 | $0.25 | $25.00 M |
| Angel Round | July 2017 | -- | -- |
KuCoin Investors
Cryptocurrency KuCoin (KCS)
KuCoin token (KCS) - it is the native token of a crypto exchange called KuCoin. Moreover, KCS is an available payment method on other services such as gaming platform PlayGame, booking site Travala or even embroidered clothing and accessories store Print-ted.
KCS is an ERC-20 token that runs on the Ethereum network. Interestingly, there is a separate KuCoin community network. As the name suggests, it was developed by members of the exchange's community and is not officially associated with it, although KuCoin supported a network upgrade in June 2022.
As part of the project, it is planned to develop a trading platform with KCS at its core and create an entire ecosystem. The team is currently working to increase the level of decentralization.
The ability to stake KCS and receive rewards is often seen as the main advantage of purchasing tokens: every day, 50% of the exchange's trading revenue is distributed among holders of 6 or more KCS.
The team is trying to fight token inflation: they regularly conduct the so-called KCS Burn. Starting from January 2022, the company allocates 10% of net profit to buy back part of the tokens and burn them every month (previously they did this quarterly). The total supply of KCS is 200 million, and the token buyback procedure will continue until 100 million remain.
KuCoin (KCS) Overview
KuCoin was created in May 2017 Michael Gagne and Eric Dong, two tech geeks as they called themselves, in Singapore. They were one of the early adopters of blockchain and started mining BTC in 2012. The company's founders say they started coding their future product back in 2013, while sitting in a cafe.
The company is currently working on creating a comprehensive ecosystem.
Benefits of the KuCoin token (KCS)
- Those users who hold KCS receive incentives, and the threshold for receiving them is not very high, 6 KCS.
- It is used in many ways, not only within the exchange, but also in other services.
- There is a strong and active community .
Disadvantages of the KuCoin (KCS) token
- KuCoin is not licensed in the US, so American users may encounter some restrictions.
