KUB Coin
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KUB Coin is the native utility token of KUB Chain, a Layer 1 smart-contract blockchain developed in connection with Bitkub, Thailand's leading cryptocurrency exchange. It is designed to serve participants who want to pay for on-chain transactions, stake to help secure the network, or access services offered by KUB Chain's partner ecosystem. The project positions itself as infrastructure for decentralized applications and digital-asset activity, primarily for users in Thailand and the broader Southeast Asian region.
KUB Chain uses a Keccak-based consensus mechanism in which Validators and Delegators stake KUB to participate in block production and network governance. KUB tokens are spent as gas fees for every transaction processed on-chain, and they can also be converted into fee credits on the Bitkub Exchange, giving the token a dual role inside and outside the chain. Approximately 62.7 percent of the 110,000,000 maximum supply is currently in circulation, with the remainder not yet issued.
The network collected 95 USD in fees over the trailing 24 hours, 777 USD over the trailing 7 days, and 3,220 USD over the trailing 30 days, with the 30-day figure representing a 29.1 percent decline from the prior period. Annualizing the trailing 30-day pace produces a fee run-rate of roughly 39,177 USD per year, while the trailing 12-month total stands at 88,909 USD. These fees are paid by users initiating transactions on KUB Chain; at the current annualized rate, the ratio of market capitalization to annualized fees stands at 1,088, reflecting a relatively small fee base compared to the network's market value of approximately 42.67 million USD. The protocol's total value locked sits at 5,598,831 USD at the current point in time.
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