KuCoin Kcs Price USD

KCS is the native cryptocurrency of KuCoin, which was introduced in 2017 as a profit-sharing token that enables traders to extract value from the exchange. It was launched as an ERC-20 token that ran on the Ethereum network and was supported by the majority of Ethereum wallets. The overall supply of KCS has been set at 200 million, and a buyback and burn is planned until only 100 million KCS remain. KCS will eventually serve as both the native asset of KuCoin's decentralised financial services and the governance token of the KuCoin community once the decentralised trading solution for the cryptocurrency goes live.

KuCoin has also indicated that "Empowering KCS" will be a major focus for the company, with the goal of developing KCS into a killer product rather than just a token, which will certainly expand the range of advantages available to KCS holders. In the long term, KCS serves as the key to the whole KuCoin ecosystem. With the development of DEX and KuChain, KCS will also serve as the underlying fuel and universal token for future KuCoin decentralised goods.

KuCoin uses the industry-standard encryption technique to ensure that user data and data transfers inside the system are hidden from other users.

It employs a multi-cluster and multi-layer architecture system that can support several transactions at the same time, maintaining system stability during each transaction.

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