All About KuCoin Shares (KCS) – Native Token of Kucoin Exchange

KCS is the fuel behind the KuCoin exchange, a new and quickly growing altcoin exchange striving to rival major players such as Binance.
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All About KuCoin Shares (KCS) – Native Token of Kucoin Exchange

Post by dizzleBEE16 » Sat Mar 17, 2018 1:29 pm

CaptainAltcoin has a nice description of Kucoin Shares (KCS):

"KuCoin Shares or KCS for short is the token issued by Kucoin Cryptocurrency Exchange Platform with total supply of 200 million. After buy-back disposal, it will be a constant – 100 million. At least 10% of the KuCoin’s net profit will be applied to the buy-back of KCS every quarter. The KCS retrieved through buy-back will be destroyed immediately. The process will continue until 100 million KCS are destroyed.

As a decentralized cryptocurrency issued on the basis of Ethereum, also a standard ERC 20 token based on Ethereum blockchain, KCS supports all the Ethereum wallets." ... ocurrency/

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