KCS Token (KCS)
KuCoin Token (KCS), launched in 2017, is the native token of KuCoin and serves as a profit-sharing token, enabling traders to derive value from the exchange.
Perks of Holding KCS
Staking Yields
KCS Staking
Once you stake KCS on the platform, the KuCoin Earn team takes care of the rest on-chain, so you don’t need an on-chain wallet or to pay gas fees. Earnings are then distributed collectively.
On-Chain Staking
If you prefer using an on-chain wallet and have existing funds in it, you can participate in staking directly on the blockchain.
New Token Benefits
Spotlight
KCS holders enjoy greater benefits in Spotlight events and can use KCS to purchase new coins.
BurningDrop
KCS can also be used to participate in BurningDrop’s staking events for new coins. The burnt KCS also speeds up mining.
GemVote Tickets
Long-term KCS holders can receive GemVote tickets to vote for their favorite projects to be listed on KuCoin.
More Perks
VIP Benefits
Your VIP level is based on the amount of KCS you hold and stake. Each VIP level offers different benefits.
Fee Deductions
Enjoy special fee discounts while trading, whether you're holding your KCS in spot or staking it.
KCS Redemptions
Regular KuCard users enjoy a 1.2% cashback when redeeming KCS, while those holding over 100 KCS are eligible for a 1.7% KCS cashback.
About KCS
Issuance and Burns
KuCoin Token (KCS) is a deflationary digital asset with an initial supply cap of 200 million tokens. Its deflationary structure is achieved through monthly buybacks and burns from a secondary market. Through its burn mechanism, the final supply of KCS is set to stabilize at 100 million tokens. The amount of KCS burned is calculated based on KuCoin's overall monthly revenue.
KCS WhitepaperKCS Foundation
The KCS Foundation is a governing entity composed of multiple stakeholders, including the KuCoin core team, KCC GoDAO Foundation, investment institutions, and community representatives that are KCS holders. The Foundation work to pass decisions on the future development of KCS, and to promote the sustainable development of its ecosystem.