KuCoinToken ($KCS) is the native cryptocurrency of the Kucoin Cryptocurrency Exchange. Introduced in September 2017, it has a total market cap of $951 millions with supply initially set at 200 million with no plans for additional token creation. $KCS coin holders receive daily “cryptocurrency dividends” (in other words, they get paid everyday), and also earn from taken transaction fees, as well as by holding $KCS (which entitles users to a discount on trading fees). Holders of $KCS receive daily cryptocurrency dividends (in the form of other tokens) based on the number of KuCoin shares they hold as well as a percentage of trading fees charged by the platform.
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How to buy KuCoin Token?
To buy KuCoin Token, you can first head to their website. Once there, you will need to register for an account. After you have registered, you can then login and click on the “Deposit” button. You will then be given a deposit address for Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). Once you have deposited funds into your account, you can then purchase the KuCoin Token by clicking on the “Exchange” button and selecting either BTC or ETH as your base currency. Then type in KUC in the search bar and click on the KuCoin Shares tab. Click on “Buy” and enter in the amount of KuCoin Shares that you wish to purchase. Once you have done that, click on the “Buy KuCoin Shares” button and your order will be placed.
How to stake KuCoin Token?
Staking KuCoin Token is a great way to earn some extra income on your investment. Here’s a quick guide on how to do it:
First, you’ll need to find a supported Exchange where you can purchase KuCoin Token. At the time of writing, KuCoin and Binance are the only Exchanges that support staking of KuCoin Token.
Once you have purchased KuCoin Token on either Exchange, you will need to transfer them into your own personal wallet that supports the ERC-20 token standard. We recommend using the Trust Wallet or MetaMask wallet for this purpose.
Once your tokens are in your personal wallet, simply navigate to the “Stake” tab on the KuCoin Token website and follow the instructions provided.
That’s it! Now you’re ready to start earning some extra income from your KuCoin Token investment.
