What Is KuCoin (KCS)?

KuCoin is a cryptocurrency project built on the Ethereum ecosystem. KuCoin is dedicated to blockchain research and development and plans to release decentralized exchange (DEX) features in the future. In terms of KCS, it is the core fuel of this exchange system. KuCoin's encryption protocol seeks to ensure that user data and transfers within the system remain invisible to other users. A multi-cluster and multilayered architectural system are used to support multiple transactions simultaneously, aiming to ensure system stability. 

KCS is the native token of the KuCoin ecosystem. KCS is an ERC-20 token based on the Ethereum blockchain, also compatible with all Ethereum wallets. 

According to the whitepaper, KuCoin trading fees can be lowered by holding specific amounts of KCS in a Kucoin account when placing orders. Users of KCS holdings who reach certain levels seek to enjoy special services like one-on-one investment consultation, customer service Fast-Pass, and more. 

Users who hold KCS in their accounts seek to be eligible for an incentive bonus of 50% of the platform's total trading fees to improve their involvement and the exchange's vitality.  

The expenses of Kucoin are primarily for operation, promotion, and research and development:

• KuCoin Bonus: Awards for KCS-holding users. 

• Invitation Bonus: Awards for new-user inviters. 

• Technology and R&D: As a result, more funds can be put into the new blockchain technology R&D, promotion, and application. 

Trading systems seek to adopt hardware-accelerated and highly efficient memory matching techniques with order-making peak values of 2 million+/second and order-processing peak values of 1 million+/second. Consequently, there is no delay or lag throughout the core order process when the market booms.

According to their storage size, there are multiple security levels of storage solutions available for wallets in the platform. This project seeks to store micro-withdrawal wallets in a private network architecture built on Amazon Web Services Cloud, aiming to incorporate a multilevel firewall that securely isolates security and privacy. 

History of KuCoin (KCS)

The KuCoin Exchange, headquartered in Singapore, was launched in September 2017. Michael Gan is the founder and CEO of the KuCoin project.