The most reliable and liquid are centralized cryptocurrency exchanges, which are among the top 10 in terms of capitalization. One of them is KuCoin, the fees on it are very attractive for many investors.
KuCoin Token (KCS) is KuCoin's own cryptocurrency exchange token, which was launched in 2017 by two programmers with a passion for blockchain and cryptocurrencies, Michael Gan and Eric Don.
The project began in 2013. The main goal of the project was its universal accessibility - Michael and Eric wanted to create a system designed not only for big investors but for anyone who could open a bank account. Everyone had to have the opportunity to trade coins.
The main stages of the company can be shown as follows:
2013 - the beginning of work on the exchange software.
2017 - the launch of the KuCoin platform and KCS token.
2021 - the launch of its own blockchain Community Chain (KCC).
Speaking of KuCoin cryptocurrency, it is impossible not to mention the KCS Bonus, which is considered one of the best ways to generate passive income. Users who own more than 6 KCS can receive daily dividends, which are 50% of the daily KuCoin trading commissions. KCS Bonus is a one-of-a-kind incentive mechanism for KCS holders and KuCoin eco-system creators. The amount of rewards that users can receive depends on the amount of KCS held the volume of trading on the KuCoin exchange and the KCS coin crypto price.
In addition to paying dividends, KCS is used to pay trading fees on the KuCoin exchange, allowing users to receive discounts of up to 80%. But that's not all, as KCS tokens also serve a number of other purposes on the platform. For example, KCS holders can become KuCoin VIPs, and users no longer need to have a huge amount of BTC trading to gain access to reduced commissions. KCS can also be used as a payment instrument in some online stores.
The principle of KuCoin does not provide for mining, so the coins, like many others, can be bought.
Platforms for trading.
KuCoin token, like any currency, can be used as a payment instrument at various exchanges and trading platforms. The KuCoin crypto price is not tied to a particular currency, so it is quite volatile - which can be played to make a profit. Don't forget to keep track of KuCoin price charts, and to facilitate this process, remember that you can always use various tools created specifically for this purpose. For example, a TradingView bot will take over your trading using the principles of automated crypto trading, while copy trading crypto strategy will allow you to use the knowledge of experienced traders to increase the probability of income.