KuCoin

KCS is the ecosystem token of the KuCoin cryptocurrency exchange and was launched together with the exchange in 2017. Originally issued under Ethereum's token standard, KCS later became the native gas token of the KuCoin Community Chain (KCC) network supported by KuCoin.

For exchange users, KCS provides privileges such as trading fee discounts, a regular share of the exchange's trading fee income under the name KCS Bonus, and participation in the exchange's token sale programs. KuCoin has committed to regularly buying back and burning KCS with part of its profits and to reducing the total supply down to a predetermined floor. On the KCC network, KCS is used to pay transaction fees and for staking that secures the network.

The price of KCS depends on factors such as KuCoin's trading volume and user base, the exchange's regulatory processes in different countries, the continuity of its buyback and burn policy and trust in centralized exchanges. With tokens tied to a single company, legal and operational problems faced by that company can feed directly into the price. The KuCoin page on Lzzo.com uses DefiLlama's US dollar-based reference price; the historical chart is built from the same dataset.