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KuCoin Token (KCS) is the native cryptocurrency of the KuCoin exchange platform, with the following characteristics:
Profit sharing: KCS holders can receive dividends from the platform's profits, specifically 50% of all the trading fee profits earned by the exchange.
Trading fee discounts: Users can enjoy discounts when paying trading fees with KCS, which is a primary use case of KCS.
Token sales: KCS can be used to participate in token sales on KuCoin Spotlight, an important feature of the KuCoin ecosystem.
Internal ecosystem usage: KCS is not only used for trading fees and token sales but also for staking and governance within the ecosystem.
Unique services: KCS holders have access to special services, such as KuCoin Win and other unique services.
ERC-20 token: KCS is an ERC-20 token based on the Ethereum network.
Regular token burning: The value of KCS is partially affected by regular token burning, which helps reduce the token supply.
In conclusion, KCS is a core component of the KuCoin exchange platform, providing various functionalities and benefits that promote user participation and earnings on the platform.
