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KCS Team Will Buy Back and Burn 4,500,000 KCS!

KCS Team Will Buy Back and Burn 4,500,000 KCS!

11/01/2019, 08:43:02

Dear KCS Holders,

According to our KCS Lockup and Cash Back Program and Burn Plan, the KCS Team originally planned to implement the buyback and burn of the total amount of KCS locked by all users in December 2019 (UTC+8).

To show our gratitude to users who have always supported us and attempted to participate in the plan, KuCoin will perform a 4,500,000 KCS buyback from October 30 to November 7, 2019 (UTC+8).

During this time, we will buy back the corresponding number of KCS from the secondary market on a daily basis. We will complete the 4,500,000 KCS burn and release the burn record on November 7, 2019 (UTC+8).

The specific daily burn allocations are as follows:

Date (UTC+8)Daily Buyback Allocation (KCS)
October 30, 2019300,000
October 31, 2019400,000
November 01, 2019500,000
November 02, 2019500,000
November 03, 2019500,000
November 04, 2019500,000
November 05, 2019600,000
November 06, 2019600,000
November 07, 2019600,000

Note:

  • The KCS Team has executed the 500,000 KCS burn on August 26, 2019 (UTC+8) in advance. View Details.
  • The 2nd round of the KCS Lockup and Cash Back Plan is released! View Details.

Thanks for your support!

The KCS Team