If you want to know the latest information about KuCoin Token (KCS), read this article. You will learn about its circulating supply, trading fees, and bonus plan. Hopefully, this information will be useful for you in determining whether or not the KCS is worth the investment. In addition, we’ll talk about some of the risks associated with trading KuCoin Token. Until the next time, happy trading!
KuCoin Token (KCS)
In its pre-sale, KuCoin sold 100 million of its own KCS tokens. The company intends to use 50% of the cash generated from these sales to buy back KCS tokens. This is intended to achieve a fixed supply of 100 million KCS by May 2022. However, the total supply of KCS is much smaller than this amount. In fact, the total supply will remain below one billion by May 2022.
The Kcs price began to increase in the middle of last year. The number of new signups and partnerships increased. The price of the KuCoin token rose from $4 to almost $8. It began to trend upwards in August 2021, and a huge bullish green candle formed on July 16. The price remained sideways for several months, but it could not sustain this bullish momentum. It then experienced a significant price increase in December 2021. The price was volatile for a while afterward, but it is now trading sideways.
KuCoin Token’s (KCS) circulating supply
The circulating supply of KuCoin Tokens (KCS) is determined by a buyback and burn plan that KuCoin executes on a regular basis. This plan is to buy back half of the total supply, then burn the other half. KuCoin is working towards a fixed supply of 100 million KCS. The buyback scheme is funded by 10% of the exchange’s trading fees, and as of May 2022, the total circulating supply of KCS is less than 146 million.
The KuCoin Token is an ERC-20 token that was released in 2017. The token is compatible with Ethereum wallets, and it was initially set to have a circulating supply of 200 million, but it has since been burnt down to 100 million. It will be an in-built asset in the decentralized monetary services of the KuCoin network. KuCoin Token is an Ethereum-based utility token that supports a decentralized trading platform. It is a utility token that pays dividends, a portion of trading revenue, and other benefits.
KuCoin Token’s (KCS) bonus plan
There is a huge hype in the cryptocurrency world surrounding KuCoin Token (KCS), and rightly so. This crypto exchange allows you to deposit and trade cryptocurrencies without the hassle of KYC. You can deposit and withdraw your KCS coins with your local currency through various methods, including cryptocurrency, PayPal, wire transfer, credit card, or debit card. You can also buy and sell KCS directly from the exchange, but it’s important to keep in mind that you’ll need a crypto wallet in order to make a purchase.
This is where the KCS bonus plan comes in. KuCoin users who hold six KCS will receive a daily bonus. The bonus is 50% of daily trading fees. The amount of reward depends on the number of KCS you have in your wallet and the volume of trading on the KuCoin Exchange. To be eligible for a bonus, you must first hold six KCS and bind a phone number or Google Verification.
KuCoin Token’s (KCS) trading fees
There are many benefits to using KuCoin Token for your cryptocurrency trading needs, and one of the biggest is that it’s incredibly low cost. KuCoin has a number of trading options, and you can choose to trade it for a different coin or stablecoin or use a traditional exchange. The best part is that KuCoin Token trading fees are among the lowest of any cryptocurrency exchange. You can trade over 600 different cryptocurrencies, and KuCoin has advanced trading features that make it a great choice for beginners and experienced investors alike.
The fees you pay when trading KuCoin Tokens depend on whether you trade with the platform on a day-to-day basis, or if you’re a long-term investor who uses the platform to invest in a range of cryptocurrencies. You can view your current fee level by logging into your KuCoin account. The fee rate is shown in red, so you can check it out whenever you’d like.