Kucoin Exchange Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 350 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the fifth biggest crypto exchange. In 2021, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. KCS is the relative token of true Kucoin ecosystem, it’s used for trading fees and community rewards program.
What is Kucoin community chain (KCC)?
Kucoin is the one of the biggest centralized cryptocurrency exchange in the world. To enter the robust DeFi ecosystem kucoin launched Kucoin community chain, their own blockchain ecosystem for NFT and DeFi Like Binance Smart Chain. KCC is a decentralized public chain with high performance. KCC features high throughput, low latency, low transaction cost, and satisfactory security and stability, aiming to provide community users with faster, more convenient, and lower-cost experiences.
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KCC introduced the Proof of Staked Authority (PoSA) consensus mechanism and reduced the block confirmation period to 3 seconds to improve the processing power and performance on the chain. At the same time, KuCoin Token (KCS) is used as the only fuel for KCC Blockchain to reduce transaction costs. Thus, KCC has successfully achieved faster transaction confirmation speed, higher transaction performance, and lower transaction fee. In addition, KCC is compatible with Ethereum and ERC20 smart contracts, which offers extremely low migration costs for projects.
How To Set Up KCC Mainnet on MetaMask?
Here are the simple instructions for setting up Kucoin (KCC) on Metamask. Below that are instructions for experience on the KCC Chain.
1. Click the Metamask plugin or Open Metamask Mobile app
2. Click the network chain you are on click ‘Add’New RPC”
3. Then click custom RPC URL, then enter these settings into the editor.
Network Name: KCC-MAINNET
New RPC URL: https://rpc-mainnet.kcc.network
Chain ID: 321
Currency Symbol: KCS
Block Explorer URL: https://explorer.kcc.io/en
Done!! KCC Mainnet Added to Your Metamask Wallet.
How To Use Kuswap(KCC Mainnet)?
Kuswap.finance is a decentralised application on Kucoin community chain (KCC). Users can Swap Tokens, stake or provide liquidity on Kuswap platform built on KCC mainnet.
Buy KCS from KuCoin exchange
Transfer KCS from Trading Account to Main Account.
If you have no kucoin account create a new kucoin account. Buy USDT or any other Crypto from your local crypto exchange then sent to kucoin exchange then buy KCS token.
Withdraw KCS using KCC Network to Metamask Wallet.
start trading on the KCC network.
If you would like to test out buying a token once you have sent KCS tokens to your new metamask wallet on the KCC network try getting some KuSafeMoon on Koffeeswap or use Kuswap to swap Tokens. Trading or swap fees is lower than binance smart Chain.