1.Introduction
KCS (KuCoin Shares) is a platform currency issued by the KuCoin platform and a unique ecological coin of the KuCoin platform. The birth of KuCoin Encouragement Gold is a characteristic ecology that provides daily coin holding rewards for KCS holding users.
KCS coin is a decentralized blockchain asset based on Ethereum, which is an ERC 20 standard token based on the Ethereum blockchain.
2. Project introduction
The token issued by the KuCoin blockchain asset trading platform is KuCoin Shares, referred to as "KCS", with a constant total of 200 million issued, and finally passed After repurchase and destruction, it will stabilize at 100 million. KCS coin is a decentralized blockchain asset based on Ethereum. It is an ERC 20 standard token based on the Ethereum blockchain and supports all Ethereum wallets.
The founding team of the KuCoin blockchain asset trading platform started to study blockchain technology in depth as early as 2011, and realized the technical architecture of the KuCoin trading platform in 2013. In 2017, the KuCoin team Officially entered the field of blockchain asset trading service platform.
KuCoin Advantages
Operation Strategy: KuCoin will transfer most of the trading platform fee income to users, which will be used for high-quality users to trade, invest and recommend on KuCoin platform reward distribution. On the one hand, it attracts high-quality users to stay on the platform and generates more active transactions; on the other hand, through the recommendation reward program among users, the user volume and transaction volume of the platform are greatly increased.
High-performance pending order engine: The trading system uses a hardware-accelerated high-efficiency memory matching technology. The peak pending order speed exceeds 2 million orders per second, and the peak matching speed can reach 1 million orders per second.
Financial-level stability: The core trading system draws on the world's leading underlying financial system design scheme, and adopts an advanced multi-layer and multi-cluster system architecture, from the traffic entry of domain name resolution to the bottom core Both the transaction system and the accounting system adopt the disaster recovery deployment method of bank-level, two-site, three-center, multi-site, multi-active, ensuring that in the event of any equipment failure or even natural disasters, the system will always run stably.
KCS function
Proportionally enjoy platform transaction incentives:
50% of the transaction fees generated by all blockchain asset transactions on the platform every day will be issued To the user accounts holding KCS on the platform, to promote platform user participation and transaction activity, officially known as incentive funds. In the follow-up, the incentive ratio will be gradually adjusted according to the development of the platform.
The initial total amount of KCS is 200 million, and the 100 million part held by the team and angel investment does not participate in the calculation of the incentive fund, and during the official repurchase and destruction process, a maximum of 100 million KCS is guaranteed to participate in the incentive fund plan . In order to obtain the daily incentives, users need to deposit KCS on the KuCoin blockchain asset trading platform. The platform calculates the KCS holdings in the user's account at 00:00 (UTC +8 ) on the current day and the transactions generated by the platform on the previous day. The handling fee is calculated and issued for the incentive fund, and the obtained incentive fund is directly settled to the account balance of the corresponding currency on the platform.
Pro rata discount on handling fee rate:
When a pending order is filled, a certain amount of KCS in the account can reduce the transaction handling fee by a certain percentage. The specific standards are subject to the platform announcement.
Other exclusive rights:
If you reach a certain amount, you can enjoy the services of one-to-one investment advisors and fast customer service channels from the KuCoin investment team.
GAS as a decentralized trading system in the future:
The KuCoin team is committed to the research and development of blockchain technology, and will launch a decentralized trading function in the future, and KCS will serve as the trading system core fuel.
Allocation method
According to the example of using the ETH-BTC trading pair in the white paper, the income forecast for 10,000 KCS holders is as follows:
Daily: 0.00015 BTC and 0.0238 ETH
Weekly: 0.0105 BTC and 0.16666 ETH
Monthly: 0.045 BTC and 0.714 ETH
Yearly: 0.5475 BTC and 8.687 ETH
Among the more than 200 trading pairs on the platform, this is only one trading pair, all trading pairs will be charged a trading fee, which will be allocated to the user account according to the corresponding amount officially stipulated. Therefore, users who hold KCS will receive double cryptocurrencies from other trading pair fees such as LTC/NEO.
