As specified in KuCoin’s Whitepaper, the exchange has bought back 312,500 KCS tokens (which is the 10% profit of KuCoin) and burned the tokens.
This procedure will be done every quarter, to maintain market’s stability and to bring a safer and more efficient trading experience to the users.
KuCoin Blockchain and tokens are all functional as usual.
Please click "Introduction of KuCoin", if you want to know the details and the company information of KuCoin.
Comment by jetonwhy
February 16, 2025
Anyone else finding it weird that Deriv only allows deposits through Jeton and not bank transfers? They’ve removed crypto too, so now it’s just cards and Jeton. Kinda frustratin...