KuCoin continues to expand, chasing Binance and Coinbase

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KuCoin continues to expand and bridge the gap with major exchanges such as Coinbase and Binance, as evidenced by the increased utility of the KCS token KuCoin Token (KCS) is the native token of the KuCoin exchange, with which holders can earn passive daily income. KCS daily bonuses are also available. Paying trading fees with KCS gives users a discount of 20% on KuCoin. Additionally, other KCS use cases include participating in Spotlight (IEO), Burningdrop (a new launchpool) and more. L KuCoin’s goal of reaching the levels of leading cryptocurrency brokers remains ongoing as the exchange, launched just five years ago, continues to expand its product offering and range of services. This is clearly evidenced by the push of the KCS token into more and more areas, which opens up a whole new opportunity for both the exchange and customers to generate income. What is KCS? KCS is a native utility token of the KuCoin platform. Launched in 2017, KCS allows traders to pay gas tariffs and participate in the growth of the network. The total supply of the token is 200 million, but it will shrink to 100 millions over time thanks to a robust buyback program and burning. KCS is the native token of KuCoin and as such its value is strongly correlated to the overall growth and performance of the KuCoin exchange. Having recently announced a Series B fundraiser from 150 millions of dollars bringing its valuation to 10 billions of dollars, so far this has been a valid bet. What is KCS Burn? KCS Burn refers to the amount of KCS that KuCoin burns each month to bring under control inflation. The platform uses the 10% of his monthly income to buy tokens and burn them. For the past four years it has been burning 54. 120. 079 KCS. L ‘KCS ecosystem plans to introduce the EIP 1559 and the KCC tariff mechanism of base tariff + priority tariff in the KCS deflation mechanism. As the goal is to benefit KCS developers and owners, the gas tariff will proceed to the right miner node. KCS can also be used to purchase a wide variety of goods and services online and offline. Merchants and digital payment providers who support this token in this field of online shopping, hotel reservations, online games, etc. Access to new launches KCS holders have the right to participate in token sales on KuCoin Spotlight. KuCoin launched at least 20 projects since its inception. After the launch of the LUKSO project, for example, its value increased by 187 times. Elsewhere, virtual reality has increased by 240 times and CLH has achieved a ROI ATH of 299 times, highlighting the potential returns that investors can obtain in these first projects. How is KCS related to Burningdrop? KuCoin also allows holders of KCS to join a fair token distribution platform known as BurningDrop. This innovative platform supports token distribution of FTG, PBX, H3RO3S, XCAD, 1EARTH and other blockchain start-ups. Users can block crypto assets or designate them to increase their computing power. BurningDrop indicates that the average ROI of projects exceeds 8685%. How is KCS related to KCC? KCC is a decentralized public chain created by the KCS community and the KuCoin community in 2021. Users consider KCS to be the fuel and native token for this public chain. The decision of this decentralized public chain to adopt the Staked Authority (PoSA) consensus mechanism ) helped reduce the duration of the lockout confirmation to less than 3 seconds. Additionally, his determination to use KCS helped reduce overall transaction costs. Conclusion KCS is also expected to partner with KuCoin Exchange and KCC to develop a payment system capable of serving its users around the world. The payment system should be able to connect all projects within the KCS ecosystem. In addition, he should be involved in activities such as KuCoin ecosystem transactions, derivatives trading, new coin launches, stablecoins, loans, NFT transactions, and KCC ecosystem transactions. The payment system also minimizes the payment threshold, serves users more conveniently and efficiently, and grows the ecosystem’s user base. Through these initiatives, new features and continued expansion, KuCoin hopes to close the gap with two-point exchanges, such as Coinbase and Binance. With the cryptocurrency gaining more and more ground in mainstream circles, despite the current bearish sentiment in the market, it will be interesting to see the exchange continue to grow chasing Binance and Coinbase.

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