If you don’t know KuCoin, then you must have been hiding under a rock. KuCoin are considered a superstar in the crypto-exchange orbit. They are best known for their digital exchange, which launched in 2017, and hosts a huge selection of over 200 projects. If you launch a token, it’s likely you will approach KuCoin for listing first. However, now they are making waves with their unique spin on crypto HODL’ing with their own native token, the KCS.
What’s new KuCoin?
So, what’s new about this token, you might ask? Well, with this token you get a whole lot more bang for your buck. Holders of 6 KCS or more, get dividend payouts based on 50% trading revenue of the exchange. That’s massive. It means you can literally sit back and watch the price of KCS grow and collect passive income on your holdings along the way. And grow it has done over the course of 2021. This has been an incredible year for KCS, with gains of over 650% YTD.
Plus, you can get 20% discount on your KuCoin exchange fees using KCS, as well as a daily KCS bonus, you can also use it as a payment method for booking hotels, gaming and even taking out loans. It doesn’t stop theirre KuCoin’s goal is “Empower KCS” as a top priority. KuCoin and KCS holders can be empowered to get VIP status at the Hong Kong based exchange, and enjoy reduced maker taker fees that are usually reserved for huge BTC trading volumes.
The guys behind KuCoin certainly have big ideas and are growing their empire fast with future additions of DEX and KuChain. More to be revealed on that but for now users can stay busy with spot and margin trading, lending, staking and so much more.