KCS token is the native token of a coup coin exchange. KCS token is available on the KuCoin exchange. And right now, the price of one KCS token is around 21.4 dollars.
So can this token really become the next BNB?
This blog is just for educational purposes only and should not be taken as investment advice.
What is this KCS token?
KCS token is the native token of the Ku-Coin exchange, and it was first launched in 2017 as a utility token. The total supply of KCS tokens was set at 200million, and there is a planned buyback and burn until just 100 million KCS remain.
As of now, there's about 77 million KCS token in circulation. This is actually very low, and it has a market cap of 1.6 billion dollars, and it ranks 83rd in the cryptocurrency market so right now the price of one KCS token is around 21.4 dollars and on November 15th it reached an all-time high price of 27 dollars.
This year alone KCS token gave like a 1345 percent growth, that's actually very huge. In order for an exchange token to perform well, the exchange also should be fundamentally strong.
Now let's take a look at the KuCoin exchange
Ku-Coin is a global cryptocurrency exchange with numerous digital assets and cryptocurrencies. Ku-Coin was launched in September 2017 and, it operates in 207 countries around the world and has about 8 million users.
Ku-coin is also one of the most popular cryptocurrency exchanges. And it supports spot trading, margin trading, P2P fear trading, futures trading, staking, and lending.
Ku-Coin in case if you are holding a KCS token then you will be able to get a daily KCS bonus which comes from 50 percent of the coin's daily revenue. If the Ku-Coin exchange grows, then the daily KCS bonus will also grow accordingly.
Now, what is this KCS bonus?
KCS bonus is a passive income method. Now, users who hold at least six KCS tokens on Ku-Coin will be able to get this KCS bonus.
Now, this comes from 50 percent of coins' daily trading fee revenue, so with the increasing trading volume of the Ku Coin exchange and the more KCS token you hold, the number of rewards will be more.
The next exciting thing in the Ku-Coin exchange is that there's something called the Kucoin spotlight. Now, Ku-Coin spotlight is a platform that serves early-stage crypto projects.
So in case if you're holding a KCS token on your Kucoin exchange, then you can easily participate in this early-stage token sale.
Now I'll give you an example, the price of the LYXE, coin on the early-stage token sale, the price was just around 0.22 dollars and after listing the coin gave like 100X returns.
Right now, the price of one LYXE coin is around 34 dollars. On KuCoin, if you hold a KCS token, then you can easily participate in the early-stage token sale.
Now another interesting thing is in case if you are holding a KCS token, then you can participate in a burning drop event.
What is this burning drop event?
Burning drop is an equal or fair token distribution platform, users can assess the project token by locking a designated amount of crypto assets. The token distribution supports a wide range of blockchain startups like [HORD, LNCHX, XCAD] etc...
These projects, which were listed through the burning drop event, gave like 3800,% returns on investment. Along with the KCS token, there's something called KCC.
This KCC is a decentralized public chain that was built by KCS and KuCoin followers. That's the reason why I'm explaining to you all this at the end of this blog, by considering all these facts I am going to tell you whether the KCS token can become the next BNB or not.
Now KCC is a decentralized public chain with high-performance, low latency, low transaction fee, and provides security and stability.
It aims to improve the on-chain processing power and performance, with the proof of state authority consensus mechanism, by reducing the blockchain confirmation time to within 3 seconds.
So, overall transaction cost will be reduced along with the faster transaction confirmation speed. All exchanges are to burn the tokens regularly to compete with the cryptocurrency market and to make the token successful. Even the Kucoin exchange has also accelerated their burn event process.
This is where the interesting part starts, in each burning event 10 percent of the total profit, which the Ku Coin exchange makes will be burnt in the form of a KCS token.
In the past three months, 6.68 million KCS tokens have been burnt successfully by Ku-Coin. In the last three months, KCS token has given like a 14X profit.
That actually very huge, and this year alone Ku-Coin has burnt like 20 million KCS tokens. There's actually a very limited number of KCS tokens present in the total supply.
If they keep burning like this, then by 2024 I think this token has the potential to reach today's BNB price. KCS token is very good for long-term investment.
Make sure you have at least a Little-Bit of KCS tokens in your portfolio and try to hold these coins for at least like one or two years.
If you don't have an account on Ku-Coin exchange, then don't worry, just click on this link and create your account.
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