Interested in making some passive income? If you want it, you can get it! The KCS Bonus Plan is a unique incentive mechanism for exchange tokens that allows qualified KCS holders to make a passive income on a daily basis!
This article introduces what KCS is, how the KCS bonus plan works, as well as how you can join the plan to earn passive income right away.
1. What is KCS?
KCS is KuCoin's native token, which was launched back in 2017 as a utility token that allows traders to share the growth benefit of the exchange.
It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. After the launch of KCC in the middle of 2021, some KCS has been migrating to the KCC chain. As the underlying fuel of KCC, KCS will empower all the dApps on the chain.
The total supply of KCS was set at 200 million, and there is a planned burn mechanism on a monthly basis until just 100 million KCS remain.
▶ Check the Official KCS Website for more details
▶ Check this blog article to find out more about What KCS Is and How It Works
2. What is the KCS Bonus Plan?
KCS Bonus is a unique incentive mechanism for KCS holders and KuCoin ecosystem builders. It is also regarded as one of the best ways to make passive income.
Simply put, users who hold at least 6 KCS on the KuCoin platform can get a daily bonus, which comes from 50% of KuCoin's daily trading fee revenue.
The amount of rewards that users can get depends on the number of KCS held and the trading volume in the KuCoin Exchange. Based on historical data from 2021, the estimated APR of the KCS bonus ranges from 3–30%.
1. Where does the KCS Bonus come from?
50% of KuCoin's daily trading fees are allocated to users via the KCS bonus.
2. How I can get the KCS Bonus?
Hold at least 6 KCS on KuCoin. It is also required to bind Google Verification or your phone number to be eligible for the bonus.
3. How do I claim my KCS Bonus?
On the KuCoin app, just go to Home – KCS Bonus to claim it. And on the KuCoin website, visit Assets Overview – My Bonus – KCS Bonus to get it.
If you are holding KCS on the KuCoin trading bot, the bonus will be automatically added to your profit every day. After you close the trading bot, the bonus will be transferred into your account together with other profits.
4. How often am I able to claim the KCS Bonus?
The KCS Bonus will be offered on a daily basis.
5. Will the KCS Bonus expire if I forget to claim it?
At least for now, it will not expire, you can claim the bonus for multiple days at the same time.
6. In which account should I put my KCS to be eligible for the bonus?
You can keep KCS in the Main, Trading, or Margin Accounts. Please note that if you stake KCS in KuCoin Earn, these tokens may not be able to receive the daily bonus.
7. How long will it take for the KCS Bonus be sent to my account after claiming?
It will be sent within 30 minutes.
8. To which account will the KCS Bonus be distributed?
The KCS Bonus will be distributed to your KuCoin Main Account.
Join to make passive income with KCS. Buy your first KCS on KuCoin now.
Happy trading on KuCoin!