Live KCS price analysis
The current real-time price of KuCoin token is $10.49and its trading volume is equal to US$459,735 in the last 24 hours. KCS price has fell on
0.61%
on the last day and increased by
1.41%
in the last 7 days. It is important to note that the current market capitalization of the KuCoin token is US$1,012,502,144and the maximum offer is 170,118,638 soms coins. Speaking of revolving supplies, KCS has 96 496 827 coins. Currently, the rating of the KuCoin token on the market is #75.
KuCoin token price today
63.56%
below
always on top and that’s it
3018.12%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling KKS are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is KuCoin (KCS) token?
KuCoin Token, also known as KuCoin Shares (KCS), is the native token of KuCoin, a cryptocurrency exchange based in Hong Kong. It is a hybrid exchange that combines the functions of both centralized and decentralized exchanges.. The exchange was launched in 2017. However, KuCoin was founded in 2013 by Michael Gan.
KuCoin token is created on Ethereum blockchain based on the ERC-20 token standard. For this reason, most Ethereum-based wallets support KCS coins. If you want to know the current (or previous) price of the KuCoin token, check out the KCS price chart above.
In general, KCS tokens can be considered the driving force behind the entire KuCoin ecosystem. They are planned to be used in future products of the KuCoin ecosystem, including KuChain, the KuCoin decentralized exchange and others.
The KuCoin network is secured using a standard encryption protocol. The protocol encrypts user data and data transmission, meaning that the data cannot be viewed by other users. Except, KuCoin uses a multi-cluster and multi-layer architectural structure.. This platform supports multiple transactions simultaneously while maintaining system stability.
Purpose of KuCoin Tokens
Since KuCoin tokens are the driving force behind the entire KuCoin ecosystem, they have multiple use cases.
Firstly, KCS coins are used for cover trading commissions of the KuCoin exchange. By using KCS tokens, traders can receive discounts of up to 80% on trading fees.
Secondly, KCS coins are used for pay dividends. The KuCoin ecosystem has a special dividend program called KCS Bonus. This is considered to be one of the best ways to earn passive income. Dividends are paid by subtracting 50% of the daily income generated from KuCoin trading fees. The potential amount of rewards that users can receive depends on the amount of KCS held and the trading volume on the KuCoin exchange.
In addition, to take part in the KuCoin Spotlight token sale and LockDrop/BurningDrop on the Pool-X platform require KCS tokens.
Additionally, KCS cryptoassets allow users upgrade your status to KuCoin VIP. Essentially, this gives them access to lower market maker and market taker fees without engaging in significant BTC trading volume.
Finally, KCS tokens can also be used to pay for different thingsincluding clothing, food, video game equipment, accommodation reservations and more.
Again, be sure to check the KCS price chart to see the current KuCoin token price.
Tokenomics of KuCoin tokens
In 2017 KCS Initial Coin Offering (ICO) took place. During the ICO, 200 million tokens were distributed. Half of the initial offering was allocated to investors. The remaining supply was allocated to the founders (with a four-year vesting period) and advisors and early investors (with a two-year vesting period).
However, the KuCoin team works buyback and burning mechanism reduce the supply of tokens in circulation. Their main goal is to burn tokens until there are only 100 million KCS tokens left. How does the combustion mechanism work? Essentially, the KuCoin team buys part of the KCS tokens on the market and immediately burns them. Burning is completed every quarter. The amount burned depends on the trading volume on the KuCoin exchange.
The KuCoin token price tends to fluctuate, so keep this in mind if you are looking to buy KCS tokens. This is due to how easily changes in the entire cryptocurrency market can affect the price of KCS, along with the prices of other digital assets.
What is the KuCoin token trading volume in the last 24 hours?
KCS has trading volume US$459,735 in the last 24 hours.
What is the highest KuCoin token price ever?
KCS has the highest price $28.80which was achieved at December 01, 2021 (2 years 2 months ago).
What is the lowest KuCoin token price ever?
KCS has the lowest price $0.3365which was achieved at January 31, 2019 (5 years 3 weeks ago).
Which exchanges are best for buying and selling KCS?
Currently, the most active and dominant exchanges for buying and selling KuCoin tokens are Binance, Kraken & Kucoin. The most popular KuCoin token trading pairs KCS/USDT
(on
Billiards
),
KCS/USDT
(on
CoinDCX
),
KCS/USDT
(on
ProBit Global
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing KCS?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage KuCoin token. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
