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<h2>What is KuCoin Token?</h2>

KuCoin is a spot trading platform for various digital assets and cryptocurrencies, including Bitcoin, Ethereum, NEO, EOS, Tether, and more. KuCoin Token (KCS), the native token of KuCoin, was created as an <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/what-are-token-standards?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=kucoin+token&amp;utm_content=erc-20">ERC20</a> token on the Ethereum blockchain, where customers can pay for trading fees at a discounted rate, participate in exchange-related activities, and more. It is a utility token that allows traders to benefit from the services and growth of the exchange.

<h2>A brief history of KuCoin Token</h2>

Launched in 2017, KuCoin is a crypto-asset exchange advertising itself as a hybrid exchange that incorporates elements of controlled and decentralised exchanges. The team’s long-term objective is to convert to an entirely decentralised exchange mechanism. The exchange currently runs via a more centralised architecture, seeking to emulate best practices in conventional asset exchanges like specialised risk and compliance teams. These teams work on internal controls and cross-departmental evaluations to decrease fraudulent behaviour on the platform. The exchange’s current CEO is Johnny Lyu.

Between 15 August 2017 and 1 September 2017, KuCoin offered KuCoin Shares (KCS) tokens for sale. The exchange created a total of 200 million KCS tokens, 100 million of which were sold during the public sale. KuCoin’s founders were allocated 70 million KCS, or 35% of the total token supply, which was locked into a vesting period. The exchange also allotted 50 million KCS, or 25% of the supply, for yearly sales between 2 September 2018 and 2 September 2021. Early investors, influencers, and consultants received a total of 30 million KCS, or 15% of the supply, which was locked until 2 September 2019.

In January 2021, KuCoin upgraded its smart contract to enable the token’s expansion into more parts of the blockchain ecosystem, including <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/decentralised-finance-defi-intro?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=kucoin+token&amp;utm_content=decentralised+finance+%28defi%29+apps">decentralised finance (DeFi)</a>, decentralised exchange (DEX), and more. 

<h2>How KuCoin Token works</h2>

As a cryptocurrency exchange, KuCoin allows users to purchase, trade, and store a variety of cryptocurrencies. Users can trade in the KuCoin exchange through a web interface and a crypto trading app for mobile devices. KuCoin also offers custodial and non-custodial services; customers can either keep their crypto assets directly on the KuCoin exchange or link a third-party wallet to the exchange and trade straight from that wallet. Over the course of its operations, KuCoin has expanded its crypto products and services.

To enhance its token economics, KuCoin executes a regular buyback and burn scheme for KCS, under which the exchange plans to buy back and destroy 50% (100 million) of the token supply. In the long-term view, the exchange aims to achieve a fixed supply of 100 million KCS after the buyback program concludes. The cash used to execute the repurchase scheme comes from 10% of trading fees earned from exchange operations. As of May 2022, the KCS total supply stands at less than 146 million tokens.

As part of the exchange’s security operations, KuCoin employs multiple wallets with differing degrees of security, depending on the time duration for transactions. Microtransactions occur using an Amazon Web Services-based multi-firewall private network. KuCoin workers receive a unique cypher code to initiate withdrawals from the wallet. Longer-term assets are kept in bank custody and need multiple signatures through separate private keys in order to be accessed.

<h2>What is KuCoin Token used for?</h2>

As KuCoin’s native token, KCS offers a 20% discount on trading fees. The token also grants KuCoin users access to new token sales on KuCoin Spotlight and the KuCoin Earn lineup of crypto earning products.

KCS also distinguishes itself from other exchange-related tokens through its KCS Bonus incentive mechanism for holders. Users who hold at least six KCS are entitled to a daily bonus, which is distributed from 50% of KuCoin’s daily trading fee revenue, split according to how many KCS tokens a user holds. 

In addition, KCS has expanded its use case as a payment method on a variety of platforms outside of KuCoin, including hotel reservations website Travala; gaming platforms PlayGame, BetProtocol, and Splinterlands; and payment services SwirlPay, Pundi X, and CoinPayments, among others.

<h2>Hvad er KuCoin Token?</h2>

KuCoin er en spothandelsplatform for forskellige digitale aktiver og kryptovalutaer, herunder Bitcoin, Ethereum, NEO, EOS, Tether og mere. KuCoin Token (KCS), KuCoins oprindelige token, blev oprettet som et <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/what-are-token-standards?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=kucoin+token&amp;utm_content=erc-20">ERC20</a>-token på Ethereum blockchain, hvor kunder kan betale for handelsgebyrer til en nedsat pris, deltage i børsrelaterede aktiviteter og mere. Det er et hjælpemiddel, der giver handlende mulighed for at drage fordel af børsens tjenester og vækst.

<h2>En kort historik om KuCoin Token</h2>

KuCoin er en krypto-børs, lanceret i 2017, der promoverer sig selv som en hybrid børs, der inkorporerer elementer af kontrollerede og decentraliserede børser. Teamets langsigtede mål er at konvertere til en helt decentraliseret udvekslingsmekanisme. Børsen kører i øjeblikket via en mere centraliseret arkitektur, der søger at efterligne bedste praksis for konventionelle aktivudvekslinger som specialiserede risiko- og overholdelsesteams. Disse teams arbejder på interne kontroller og evalueringer på tværs af afdelinger for at mindske svigagtig adfærd på platformen. Børsens nuværende administrerende direktør er Johnny Lyu.

Mellem 15. august 2017 og 1. september 2017 tilbød KuCoin KuCoin Shares (KCS) tokens til salg. Børsen skabte i alt 200 millioner KCS-tokens, hvoraf 100 millioner blev solgt under det offentlige salg. KuCoins grundlæggere fik tildelt 70 millioner KCS, eller 35% af det samlede token-udbud, som var låst til en optjeningsperiode. Børsen tildelte også 50 millioner KCS, eller 25% af udbuddet, til årlige salg mellem 2. september 2018 og 2. september 2021. Tidlige investorer, influencere og konsulenter modtog i alt 30 millioner KCS, eller 15% af forsyningen, hvilket var låst indtil 2. september 2019.

I januar 2021 opgraderede KuCoin sin smart kontrakt for at muliggøre tokenets udvidelse til flere dele af blockchain-økosystemet, herunder <a target="_blank" rel="noopener noreferrer" href="https://crypto.com/university/decentralised-finance-defi-intro?utm_source=crypto.com+price+page&amp;utm_medium=referral&amp;utm_campaign=kucoin+token&amp;utm_content=decentralised+finance+%28defi%29+apps">decentraliseret finans (DeFi)</a>, decentraliserede handelsplatforme (DEX'er) og mere.

<h2>Sådan fungerer KuCoin Token</h2>

Som kryptovaluta-børs giver KuCoin brugere mulighed for at købe, handle og opbevare en række forskellige kryptovalutaer. Brugere kan handle på KuCoin-børsen via en webgrænseflade og en kryptohandels-app til mobile enheder. KuCoin tilbyder også custody- og non-custody tjenester; kunder kan enten beholde deres kryptoaktiver direkte på KuCoin-børsen eller linke en tredjeparts wallet til børsen og handle direkte fra den. I løbet af sine operationer har KuCoin udvidet sine kryptoprodukter og -tjenester.

For at forbedre sin token-økonomi udfører KuCoin en regulær tilbagekøbs- og forbrændingsordning for KCS, hvorefter børsen planlægger at købe tilbage og ødelægge 50% (100 millioner) af token-forsyningen. På lang sigt tilsigter børsen at opnå et fast udbud på 100 millioner KCS efter tilbagekøbsprogrammets afslutning. De kontanter, der bruges til at gennemføre tilbagekøbsordningen, kommer fra 10% af handelsgebyrer optjent fra børsoperationer. I maj 2022 er KCS's samlede udbud mindre end 146 millioner tokens.

Som en del af børsens sikkerhedsoperationer anvender KuCoin flere wallets med forskellige grader af sikkerhed, afhængigt af varigheden af transaktioner. Mikrotransaktioner sker ved hjælp af et Amazon Web Services-baseret privat multi-firewall-netværk. KuCoin-arbejdere modtager en unik cypher-kode for at starte hævninger fra wallet'en. Langsigtede aktiver opbevares i bankforvaring og har brug for flere signaturer gennem separate private keys for at få adgang.

<h2>Hvad bruges KuCoin Token til?</h2>

Som KuCoins native token tilbyder KCS 20% rabat på handelsgebyrer. Tokenet giver også KuCoin-brugere adgang til nye tokensalg på KuCoin Spotlight og KuCoin Earn-serien af kryptoindtjenende produkter.

KCS adskiller sig også fra andre børsrelaterede tokens gennem sin KCS Bonus-incitamentmekanisme for indehavere. Brugere, der har mindst seks KCS, er berettiget til en daglig bonus, som fordeles fra 50% af KuCoins daglige handelsgebyrindtægt, opdelt efter hvor mange KCS-tokens en bruger har.

Derudover har KCS udvidet sin use case som betalingsmetode på en række forskellige platforme uden for KuCoin, herunder hotelreservationswebstedet Travala; spilplatforme PlayGame, BetProtocol og Splinterlands; og betalingstjenester SwirlPay, Pundi X og CoinPayments, blandt andre.

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KuCoin Token

KCS

.css-13hqrwd{font-weight:var(--chakra-fontWeights-medium);will-change:transform;transition-property:color;transition-duration:1.5s;}$7.43 USD

KuCoin Token Price Chart (USD)

Markedsværdi (USD)

24 T. VOLUMEN (USD)

Cirkulerende udbud

Maks. udbud

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Om KuCoin Token

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1 KCS = 7.43 USD

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$7.43 USD