What Is KuCoin Shares (KCS)?
KuCoin is a global crypto asset exchange that currently runs on the Ethereum blockchain. It offers trading fees competitive to Binance and Coinbase, although it’s also competing in a very crowded field. KuCoin Shares (KCS) is the exchange’s proprietary crypto token.
Who Is KuCoin Shares?
KuCoin was created in 2011 in China and since moved to Hong Kong. CEO and Founder Michael Gam’s career includes high-level positions with Ant Financial (an Alibaba subsidiary), MikeCRM, and KF5.com. There is a core team of 12 at the foundation.
Use Cases of KuCoin Shares
KCS is just another cryptocurrency exchange. Like Binance, Coinbase, and others, it will be focused on expanding features while navigating geopolitical issues through 2020.
How to Mine KuCoin Shares
KCS is not mineable. It’s an ERC-20 token with a static supply limit. Hodling KCS does earn an equivalent portion of the 50% trader fees distributed to hodlers.
The total supply of KuCoin Shares tokens is 178,896,703 KCS with an all-time high of $21.14 on Jan 7, 2018, according to CoinMarketCap.
Learn More About KuCoin Shares
If you want to learn more about KuCoin’s exchange or the KuCoin Shares cryptocurrency token, Coin Central has the most comprehensive crypto and blockchain guides and news on the planet. Check out their KuCoin Shares Beginner’s Guide here.
Otherwise, check out this intro to Mother of All Chains (MOAC).