What is KCS
Kucoin Shares are a ERC20 tokens issues by the KuCoin exchange on the Etherum blockchain. KuCoin shares 50% of their overall trading fee revenue with users holding their exchange based token, though KuCoin has relatively low fees and offers little reward for users holding their cryptocurrency. Similar to Binance a KuCoin run s a buyback and burn program, every quarter, KuCoin uses 10% of its profits to purchase and burn KuCoin Shares. This will continue as long as KuCoin is profitable or until 50% of the total supply have been burned.
