When we talk about the cryptocurrency exchange KuCoin what comes to mind is an exchange that works with reliability, security, and authenticity. This exchange provides many opportunities for everyone. If you are a beginner and want to make your way into the crypto business, this article will decode many of your basic questions about native tokens to the trading bot. This exchange is currently working with more than 60 lac active clients with many trading opportunities, including peer-to-peer trading, staking, landing, margin, etc. Thus if you want a secure and highly digitalized crypto exchange, you can connect with this user-friendly exchange which is highly recommended for its lowest cost, simple layout, and extensive functionality.
What is a KuCoin token?
KuCoin token, commonly known as KCS, was introduced in 2017. These are tokens that give as a reward to traders. According to these rewards, the traders can withdraw some specific value or amount from the exchange. These tokens are a profit-sharing token that works positively to gain the attention of new investors. The exchange offers daily bonuses to KCS holders with a circulating supply of 80,118,638 KCS. The overall supply of this token was initially 200 million, but the burning plan has reduced the number to roughly 170 million at writing.
The KuCoin Exchange and the KCS Token Overviews:
KuCoin has a habit of listing crypto currencies with room for growth. It also provides access to many tokens, including lesser-known coinage. It also features one of the most generous profit-sharing incentives, with KCS investors receiving up to 90% of trading fees.
At the time of writing, KCS has a total market cap of $919,605,428 and is ranked 96 on Coin Market Cap. With a maximum supply of 170,113,638 KCS, there are 80,118,638 in circulation. The buyback and burn tactics used by KuCoin will continue until just 100 million tokens remain.
Making Use of the KuCoin Exchange:
KuCoin, like any other crypto exchange , allows its users to buy, trade, and securely store various types of cryptocurrencies through their online platform or mobile applications. You can create an account with just an email address or a phone number. However, once you complete the verification process, you will be able to access additional services, lower costs, and opportunities to win prizes.
There are many applications and purposes for the KCS token. It is used not only to cover trading costs but also to participate in crypto-currency exchange activities and the sale of tokens.
KuCoin Trading Bot:
The bot trading feature KuCoin offers to make trading easier for users.Users can set specific trading goals and allow the bot to control after creating an account and making investments. Trading Bot analyzes prices and forecasts using market information, statistics, and other technologies. The bot then uses this combination of data and user preferences to place buy and sell orders as prices fluctuate. And that’s it! Trading Bot helps cryptocurrency traders make money while they sleep by earning money and making pure profits.
KuCoin is a popular exchange platform that puts sophisticated trading features in your hands. KuCoin made it to Forbes’ list of best crypto exchanges in August 2021, with an interface that is simple enough for beginners to grasp and good enough to reward passionate investors with a continuous revenue.
There are a plethora of coins to purchase, sell, and trade. For newbies, KuCoin is a beautiful way to start trading cryptocurrency. Investors interested in more possibilities should read our tutorial on using Binance.