What is KuCoin Shares (KCS)? Complete focus on virtual currencies KCS

By F | Coins & Tokens

What is KuCoin Shares KCS

A series of articles about Coin and Token's Coin98Today, let's learn about KuCoin Shares (KCS)!

Let's start!

KuCoin Shares (KCS) is a token of KuCoin exchange was launched in August 8, along with the KuCoin Exchange trading platform.

KuCoin Shares (KCS) is considered to be the currency used in the ecosystem of the KuCoin trading platform.

With many different uses such as: making transaction fees, using other KuCoin products and utilities, participating in buying IEO on KuCoin Spotlight.

KuCoin will use 20% of its quarterly profits to buy back the amount of KCS available in the market until the total supply is 100 million KCS.

Basic information about KuCoin Shares (KCS)

  • Ticker: KCS
  • Contract: 0x039b5649a59967e3e936d7471f9c3700100ee1ab
  • Decimal: 6
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Token type: Utility Token
  • Avg. Transaction time:
  • Total Supply: 179,939,916 KCS
  • Circulating Supply: 89,939,916 KCS

KuCoin Shares (KCS) exchange rate today

What is KuCoin Shares (KCS) used for?

Use KuCoin Shares (KCS) as transaction fees to reduce trading fees.

The usual transaction fee of all KuCoin trading pairs is Taker fee 0.1%, Maker fee 0.1%.

If you own KuCoin Shares (KCS) and use the KCS Token feature to pay transaction fees, you will receive a partial transaction fee reduction (depending on the volume of transactions and the amount of KCS Token holding).

For example: Brothers holding KuCoin Shares (KCS) from 100 to less than 1000 KCS will be in Tier 1. Now Maker fee = 0.075%, Taker fee = 0.1%

Kucoin Share KCS

Using KuCoin Shares (KCS) as a voting fee for projects in the Vote for listing program.

Using KuCoin Shares (KCS) to receive KuCoin Bonus is a program used to encourage users to own and hold KCS Token
Kucoin-Bonus Kucoin Share KCS

Program details: In the KuCoin Bonus program, you must own a minimum of 6 KCS Token to join.

KuCoin will spend 50% of the profit earned from trading fees to pay users participating in the KuCoin Bonus program.

For example: I hold 10,000 KCS in my account and the average trading volume for the last 30 days of KuCoin is 10,000 BTC per day.

Trading fee that the floor obtained 10,000 * 0.2% = 20 BTC.
Thus, I will receive the corresponding Bonus is 20 * 50% * (10,000 / 100,000,000) = 0.001 BTC everyday.

The amount of BTC from this KuCoin Bonus program will be converted into KCS Token with the price at the time of redemption.

Use KuCoin Shares (KCS) to participate in KuCoin Spotlight.

KuCoin Spotlight is a token selling platform on KuCoin. In particular, KuCoin Shares (KCS) is used as a currency to participate in buying tokens in Spotlight.
Spotlight Kucoin Share KCS

At the time of writing, April 05, 04, KuCoin has sold the Multi VAC project tokens on its Spotlight platform.

Updated 29 / 12 / 2019

In July 7 KuCoin launches KuMEX, its derivative exchange, users of KCS will be split 2019% of KuCoin's profits earned from KuMEX.

In addition, KCS Holders rely on the amount of KCS holders to be ranked level with different benefits from Member, Gold, Platium, Diamond.

KuCoin Shares (KCS) transaction fee

KuCoin Shares (KCS) is a token built on Ethereum's ERC-20 platform. When trading or transferring KCS Token, you will be charged the following fees:

When performing withdrawal / loading of the floor (Kucoin floor)

  • Desposit fee: Free
  • Withdrawal Fee: 1.3 KCS

When trading on the floor (Kucoin floor)

  • Taker fee: 0.1%
  • Maker fee: 01.%

When switching between wallets, you will have to pay Ethereum's transaction fee.

Refer to Transaction Fee at the following link.

Notice: Different exchanges will have different KCS Token withdrawal fees. Using KCS Token to pay transaction fees will be reduced depending on which tier the user is on.

How to earn and own KuCoin Shares (KCS)

Some ways to own KuCoin Shares (KCS)

Option 1: Buy KCS Token directly on KuCoin

Currently, the only exchange that users can only buy KCS Token is KuCoin.


See more instructions on buying KSC Token in the article KuCoin Exchange: Guide to install and trade on KuCoin

continue to buy Kucoin Share KCS

Method 2: Receive KCS Token from the KuCoin Bonus program

As mentioned above, you can earn KCS daily by holding your KCS on KuCoin.

Option 3: Receive KCS Token from Airdrop programs

KuCoin Shares (KCS)

KuCoin Shares (KCS) are ERC-20 platform tokens that can be stored on all ERC-20 supported wallets.

Soft wallet: Wallets on the Kucoin exchange, Ethereum wallets, MyEtherWallet wallet, For Meta Mask, etc.

Hard wallet: Ledger, Trezor, imToken

Where to buy and sell KuCoin Shares (KCS)?

Currently KCS Token is only traded on KuCoin.

Proportion of trading volume per pair:

  • KCS / BTC 43.1%
  • KCS / USDT 38.1%
  • KCS / ETH 15.8%
  • Others: 3%
Volume Kucoin Share KCS

The future of KuCoin Shares (KCS)

KuCoin Shares (KCS) has reached the top 50 largest market cap cryptocurrencies in the market recently.

Recently, KuCoin's Spotlight token sale program has also attracted a lot of attention from the community. Along with that, the demand to buy holdings of KCS Token increased sharply, causing its price to increase.

In addition, KCS Token is also being redesigned by KuCoin in terms of economic token. Promise to have more uses in the future.

Should I invest in KuCoin Shares (KCS)?

KCS Token's Market Cap is currently $ 142,915,158, compared to the current circulation of 89,939,916 / 179,939,916 KCS (at the time of writing April 05, 04).

Programs that attract users to buy to own, hold KCS Token like Spotlight, and burn tokens help increase buying demand, and total supply declines in the future.

This is also an attractive point for investors.

With the information you have provided above, please make your own judgment about the potential and opportunities to invest in KuCoin Shares (KCS)!

Summary

Through the article What is KuCoin Shares (KCS)? Complete focus on virtual currencies KCS Do you have any more questions about KuCoin Shares (KCS)? If yes please leave a comment below the post to Coin98 can solve dpas for you as soon as possible.

Coin98 would be happy to hear from you.

Hello and see you again in the next article!

F

AI, Machine Learning, Big Data & Blockchain are 4 pillars of the current Technology Development.