KuCoin Token (KCS) is the native cryptocurrency of the KuCoin exchange, used for trading fee discounts, participation in token sales, and other platform-related activities.
KuCoin Token (KCS) serves as the foundational cryptocurrency of the KuCoin exchange, initially launched in 2017 to facilitate profit-sharing among its users. Operating initially as an ERC-20 token on the Ethereum blockchain, KCS enabled holders to receive dividends from trading fees on KuCoin. The total supply was capped at 200 million tokens, with a strategic buyback and burn plan aimed at reducing supply to 100 million KCS.
In its evolution, KuCoin plans to integrate KCS as the native asset across its expanding decentralized financial services, including its upcoming decentralized exchange (DEX) and KuChain. Beyond its utility in governance and ecosystem incentives, KuCoin aims to enhance KCS as a robust product, providing diverse benefits to its holders. As KuCoin continues to develop its ecosystem, KCS is poised to play a pivotal role as the primary token fueling future decentralized applications and innovations.