KuCoin (KCS)

KCS is the native token of the KuCoin exchange, tying holder benefits directly to the platform's growth through a standing buyback-and-burn program funded by 10% of KuCoin's quarterly net profit, aimed at shrinking supply from an original 200 million toward 100 million KCS. Through 2026 KuCoin has pushed KCS further into a unified "value participation layer" spanning trading, payments and loyalty, even as the exchange works through a string of regulatory settlements tied to its earlier unregistered-offshore-exchange conduct.