Price
$11.27
24h% change
4.6%
Volume (24h)
$304,768
Market Cap
$1.357B
KCS serves as KuCoin's native token, introduced in 2017 as a profit-sharing asset enabling traders to derive value from the exchange. Initially an ERC-20 token on Ethereum, it's compatible with most Ethereum wallets. The total supply was capped at 200 million, with a planned buyback and burn strategy aiming to reduce it to 100 million KCS.
As KuCoin gears up for its decentralized trading solution, KCS is poised to become the core asset of KuCoin's decentralized financial services. Additionally, it's slated to transition into the governance token for the KuCoin community.
KuCoin's commitment to "Empowering KCS" signals a strategic shift, aiming to elevate KCS beyond a mere token into a flagship product. This move promises expanded benefits for KCS holders. In the longer term, KCS stands as the linchpin of the entire KuCoin ecosystem. As KuCoin continues developing its DEX and KuChain, KCS is set to serve as the foundational fuel and universal token for forthcoming KuCoin decentralized products, with further details anticipated in upcoming releases.
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KuCoin Token’s historic highest price is $28.83, which was recorded on 1st of December 2021. Currently, KuCoin Token’s price is %60.8 Lower than its historic high.
KuCoin Token’s historic lowest price is $0.34286, which was recorded on 7th of February 2019. Currently, KuCoin Token’s price is %3192 Higher than its historic low.
Let's take a look at the important factors that impact KuCoin Token's worth, such as how many people want to buy or sell it and how available it is. Other influences include what's being said about it on the news and internet, changes in the global economy and politics, and rules Governments set for using it.