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If you are considering investing in cryptocurrency, you are not alone — an increasing number of people are jumping onto the crypto asset trend. One rising cryptocurrency is the KuCoin Token (KCS), the native currency found on the KuCoin exchange. Using Rubix, KCS owners can easily buy, sell and exchange the token. The easy to use interface, coupled with the speedy, reasonably priced transactions, make Rubix a great option for any trader. Let’s take a closer look at KCS and how you can safely exchange it through Rubix.
KuCoin Token (KCS) is a cryptocurrency that originates from the KuCoin exchange. It is accepted as a legitimate payment option across many virtual platforms, including gaming, retail and travel sites. However, it is most commonly used to pay trading fees. KuCoin actively incentivizes people to accumulate KCS by collecting trading fees, then giving them back to select users as part of a special rewards program.
Many people purchase KCS because of the potential for awards and its usefulness in transactions. However, what truly makes this digital currency unique is the burning strategy. Originally, there were around 200 million KCS tokens in circulation — now, the number has dropped to 170 million. This is because KuCoin uses a portion of its profits to buy tokens and burn them, which increases the value of the remaining tokens. Its goal is to reduce the amount to 100,000 tokens (or half of the original).
Who created KCS?
KCS was founded in 2017 by Johnny Lyu, a talented entrepreneur with years of experience working in e-commerce, auto and luxury industries. He came up with the concept for a unique cryptocurrency that could buy goods and actively reward its owners. In 2018, he shared his ideas with investors and raised over $20 million from organizations like IDG Capital and Matrix Partners.
Using the raised funds, Lyu advanced his exchange platform and promoted KuCoin tokens. This move definitely paid off — within just three years, the token increased by about 700% in price.
How do I exchange and trade KuCoin Token?
After purchasing KCS, there are three things you can do with it: keep it, sell it for traditional fiat currency or trade it for another crypto currency. If you have recently obtained KCS, you may want to keep it and see what happens. Alternatively, if you have had your KCS for a while (and it has increased in value), cashing out may be a good idea. Finally, if you are interested in expanding your cryptocurrency portfolio, trading is a great avenue to take.
You can quickly and easily exchange KCS using an online trading platform like Rubix. It offers everything you need in a cryptocurrency exchange, from a user-friendly interface to fast speeds and reasonably priced transactions.
Exchange KCS using Rubix
Expand your experiences with cryptocurrency by buying, selling and trading assets through Rubix. All you have to do is create an account, deposit initial funds and start trading. Then, you will enjoy your very own crypto portfolio that can be used as investment.
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