Skip to content

KCS Buy Back And Burn Procedure Update

This post is also available in: 简体中文 (Chinese (Simplified))

Dear KuCoin Users,

With your support, KuCoin has grown quickly since the founding in 2017. In accordance with our whitepaper, we use 10% of our profits to buy back and burn KCS each quarter.

KuCoin invested a large amount of funds into software and hardware in the first quarter (September 2017 – December 2017). The goal was to bring a safer and more efficient trading experience to the users, so that we did not make a profit in the last quarter of 2017. We have executed a KCS buy back and burn work in our second fiscal quarter (January 2018 – March 2018) Q1 2018.

We have burned 312,500 KCS based on our 2nd fiscal quarter profits. The burn event has been done on the blockchain, and a link below:

Thank you so much for being on this journey with us!
KuCoin Team