KuCoin Token

Key Technical Advantages:

KCS Token: KCS token is an ERC20 smart contract token on the Ethereum chain and also the native token on the KCC (KuCoin Community Chain). It serves as gas for the base layer and has a total supply of 200 million tokens, with the supply eventually stabilizing at 100 million through continuous burning. KCC Chain: The KCC chain was initiated and developed by the core members of the KCS and KuCoin development community. KCC aims to improve the KCC ecosystem, connect the centralized and decentralized worlds, expand performance and capacity, build a global open developer platform, build a decentralized autonomous community, and build cross-chain interoperability protocols. Three Phases of KCC Development: KCC will be developed in three phases - KCC 1.0, KCC 2.0, and KCC 3.0. KCC 1.0 is built on the Ethereum source code and is compatible with EVM smart contracts. KCC 2.0 aims to increase the gas limit of blocks to 500 million by incorporating powerful subroutines like StormingEVM, LightningADS, and RainingDB. KCC 3.0 will focus on building infrastructure suitable for large-scale usage and development, building a lower-cost layer 2, and supporting interchain DeFi, games, and Web3.0 ecosystems. Payment System: KCS ecosystem will collaborate with the KuCoin exchange and the KCC ecosystem to build a payment system that can serve hundreds of millions of users, connecting all projects and activities both within and outside the KCS ecosystem. Web3.0 Ecosystem: KCS ecosystem aims to promote decentralization and build a community of shared interests. They are actively exploring and implementing decentralized identity management, NFT ownership rights, management and transactions, and the construction of a metaverse network platform for work, social networking, and gaming. Content summarized by AI chatbot

Source:

https://www.kcs.foundation/kcs-whitepaper.pdf