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Price Updates, Recent Developments, Future Events, Community -Breaking

by Mike Robinson

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KuCoin Token (KCS): Price Updates, Recent Developments, Future Events, Community
  • KuCoin Token is the native, profit sharing token for KuCoin’s global crypto exchange KuCoin.
  • KuCoin is the creator of the world’s first social trading platform.
  • The KuCoin team was launched with 200 million supplies. They have burned over 32 million KCS and plan to finish at 100 million KCS.
  • KCS trades at $14.5 at the time this article was written, having gained more than 53% over the past 30 days.

KuCoin, which was founded in September 2017, is currently ranked fifth among crypto exchanges. KuCoin’s user base, which currently numbers 8 million people from 207 countries and territories, has access to more than 400 digital assets. KuCoin allows users to trade fiat, futures and stake. Users can even borrow their portfolios.

KuCoin has launched the KuCoin Token, a native token to maintain its expanding ecosystem. KCS was first launched by KuCoin as a profit sharing token that would allow traders to gain value from the exchange.

Latest Developments

KuCoin is a large ecosystem that offers constant updates and new developments. It’s almost impossible for anyone to keep up with all of it. KuCoin’s goal is to be the most popular social trading platform within the cryptocurrency space. KuCoin Tokens (KCS), which are the native tokens of the ecosystem, receive most of the updates.

KuCoin has created the KuCoin Social Trading Platform to enhance user experience, increase market cooperation potential and improve the overall user experience. KuCoin’s recent launch marks the debut of social trading on a major cryptocurrency trading platform.

KuCoin S users will have access to a current crypto news feed. This allows them to find crypto gems and view new listings. It also lets them discuss the most popular crypto topics. Users can also learn more about community leaders and how they invest.

Additionally, crypto start-ups will be able to take easier investment decisions with the help of social elements, including options for fast buys, portfolio checks, copy trading, and many other features.

The maximum KCS utility token supply was 200 million. Plans were made to purchase back the remaining 100 million KCS and then burn them. The KCS team decided to change from the quarterly-burn system and now burn KCS coins every month.

KCS executed a burn totaling 347,620 KCS for September, which is approximately $5.03 million USD. The current KCS circulating supply stands at 77.325,477. There is also a total supply that amounts to 167.325,477 KCS.

KuCoin announced recently the KuCoin Community Chain, (KCC), which allows KCS communities to be involved as decision-makers.

KCC is a distributed, open-source public blockchain-based chain that provides users with fast, easy and inexpensive access to information.

Future Events

Over 2.24 million KCS Coins have been burned since the start of 2021. The KCS team reduced its supply by burning. This has allowed for more uses of KCS coins through KuCoinWin centralized games and KCC decentralized apps.

The KCS team has updated its burn cycle and will keep burning KCS each month. The October 21st should see the KCS team burn its monthly average of KCS. KCS could reach 100 million KCS faster than originally projected if they continue this pace.

Prices Updates

The KuCoin Token has seen a recent price rise. KCS gained over 13% during the past seven days and more than 53% in the last thirty days. This makes it one of top performing cryptos.

This is the KuCoin Token’s (30-day) price chart. Tradingview

KCS reached $1,5 during the rally before it retraced to below $14. KCS traded at $14.53 on the date of writing. This represents a gain in value of 1.4% within the past 24 hour. KuCoin Token, which has a market cap in excess of $1.159 million, is thus ranked as the second largest cryptocurrency.

To The Flipside

  • The KuCoin Token is the leader in exchange tokens.
  • KCS is valued at $1.159 billion and has $72 billion in market capital, while FTX Token’s value is $7.65 billion.

The Community

KuCoin is home to a rapidly-growing community of KuCoin members, who are bullish on the KuCoin Tokens (KCS) potential. @golfer319 wrote that NFT trader;

Kevin Svenson, crypto analyst, tweets just prior to the major rally

@BoyW1thDreams is bullish on KCS and believes that

What are the reasons to care?

KuCoin has been working to build an ecosystem it believes will be the most popular social trading platform. KuCoin Token is at the core of that ecosystem. This token will be able to inherently profit from the ecosystem’s growth.

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