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What is Kucoin Token?
If you trade Bitcoin or another cryptocurrency on a regular basis, you may be familiar with the Kucoin Token crypto exchange platform. Therefore, Kucoin also introduces their own native cryptocurrency known as Kucoin Token with ticker symbol KCS. KCS stands for its previous name, which is Kucoin Shares. In order to share exchange growth with active traders or platform users, KCS was introduced in 2017. The Ethereum Blockchain serves as the foundation for the ERC-20-based Kucoin Token.
We are aware that practically all trading platforms have introduced their own native currency in an effort to reduce transaction fees, give staking incentives, and provide other platform benefits. As a result, KCS will provide something comparable, where users will receive 20% off of all platform trades in addition to daily bonuses for staking KCS tokens. Kucoin has begun to accept Initial Coin Offerings from cryptocurrency projects, allowing KCS holders to purchase the newest project tokens at the cheapest prices.
Soon, Kucoin’s decentralised services will go live, but as a native asset, KCS will play a significant role in that as well. As a result, Kucoin CEX will be controlled by the community. Kucoin Token will also assist users in participating in the governance programme.
Kucoin Token Price Prediction
|Month & Year||KCS Price Prediction|
|Ticker Symbol||Kucoin Token (KCS)|
|Exchange Platform||Kucoin, Probit Exchange|
KCS ICO Overview
|Date of ICO||1st September 2017|
|ICO Price||$0.25 USD|
|Partners||Newscrypto, Onchain, Poloniex.|
Kucoin Token Price Analysis
The long-standing $10 USD barrier level is broken by the Kucoin token, and KCS once more enters the top 100 Crypto Projects. As holding KCS tokens is a requirement for Spotlight token listing, Kucoin recently hosted two significant Initial Exchange Offerings (IEO) of cryptocurrency projects, including Polkadex and Labs Group. Nevertheless, a large number of interested parties bought tokens, which helped the price of Kucoin rise. Kucoin has announced plans for further projects in the coming days, and those announcements are attracting user interest and new investors to the platform.
One of the first exchange tokens, KCS, was introduced in 2017 and has since surpassed the $5 USD level in a positive trend. KCS, however, loses impetus following the significant collapse of the cryptocurrency market, where it was trading with a neutral trend at an average price of $1.5 USD. On March 16, 2021, Kucoin decided to change the repurchase and burn programme from every quarter to every month in order to burn 160k KCS tokens. Additional burn programmes scheduled by Kucoin may drive the price of KCS higher and encourage more holders.
As of this writing, Kucoin ranks fifth among centralised exchange platforms, with a daily market volume of roughly $2.5 billion. Kucoin has an 8.2 out of 10 grade from CoinMarketCap due to its current user base of over 13 million. Given that it is a leading exchange-based token, Kucoin Token has a bright future. Since more individuals are showing interest in pre-sales of new projects, the Kucoin IEO launchpad may change the game. However, as long as the optimistic feeling persists, more people are holding and staking Kucoin tokens. With DeFi’s decision, Kucoin will undoubtedly be among the top 10 exchanges, which might be advantageous for the project.
How Much KCS Worth in 2030?
In the event that Kucoin remains a prominent trading platform, the KCS Price will surpass the $150 USD threshold.
Is Kucoin Token a Good Investment?
We advise purchasing KCS through the official KuCoin website since it offers weekly and monthly APR as well as trading discounts.