KuCoin

KuCoin Token (KCS) is the native exchange token of KuCoin, an international cryptocurrency exchange registered in the Seychelles that lists 250 digital assets. It is designed to give holders a share of the platform's trading revenue and to provide reduced trading fees, so its primary audience is active traders and users of the KuCoin exchange. The token effectively ties the financial performance of the exchange to the token itself by distributing a portion of fee income to holders.

KCS is an exchange-based token, meaning its utility is defined by the KuCoin platform rather than by an independent blockchain consensus mechanism — the data records no consensus algorithm and a block time of zero, consistent with a token that runs on an external chain rather than powering its own network. KuCoin states that 50% of overall trading fee revenue is distributed to KCS holders, making the token function as a claim on a share of exchange income. The token's fundamental basis is listed as the KuCoin Community Chain (KCC).

The fee data covers fees collected by the protocol and attributed to KCS over several periods: 1.12 USD in the trailing 24 hours, 167.61 USD over the trailing 30 days, 1,572.81 USD over the trailing 12 months, and an annualized figure of 2,039.25 USD extrapolated from the trailing 30 days. Fee growth over the last 30 days stands at negative 94.91, indicating a sharp decline in measured fee activity during that window. These fees, when set against a market capitalization of 999,295,909 USD, produce a market-cap-to-annualized-fees ratio of 490,029.89 and a fee yield of 0.000204 annualized, both of which reflect the very small size of the on-chain fee stream captured in this dataset relative to the token's market capitalization. It is worth noting that the fee figures here represent what this site's data sources can measure and may not capture the full scope of trading fees distributed by the KuCoin exchange to token holders off-chain.