KuCoin Co-Releases Whitepaper With KCC – Details of KCS Foundation And KCC Ecosystem Unveiled

The KuCoin exchange has co-released with the KCC team the Whitepaper outlining the scope of the KCS Foundation and the focus of the KCC Ecosystem. Information about token distribution, lock-up and KCS token incentive mechanisms has also been provided in the 13-page document.

The KCC Ecosystem is in focus in the Whitepaper, its section containing detailed descriptions of the KuCoin Ecosystem growth plan. The latter entails various activities aimed at maintaining KCS token value and user engagement through token burning and incentive mechanisms. The activities and development vectors of the KCS Management Foundation have also been outlined, highlighting its role as an incubator and investment channel. The Foundation will be focused on supporting Web-3.0 projects and advancing the adoption of decentralized environment supporters.

The Whitepaper also provides the first release of a detailed breakdown of KCS token lock-up and allocation. According to the information provided in the Whitepaper, 20 million of the initial lock-up of 90 million tokens will be burned permanently. Other details delve into the allocation of the 65 million KCS held by the founding team, and the release timeframes for tokens held by initial investors. 5-year releases are planned along with donations of certain amounts of tokens to the KCS Management Foundation.

“KCS will build a bridge between the centralized and decentralized world by connecting KuCoin and the KCC community, and lead the way for the creation of a self-circulation ecosystem with the community support and bring the blockchain from the geeks to the masses,” according to Johnny Lyu, CEO of KuCoin.

The KuCoin exchange plans to develop the KCC into a blockchain-based value self-circulation ecosystem that will support a steady price range for the KCS token and provide all participants with incentives and rewards. The ultimate aim of the KuCoin exchange is to advance the propagation and development of decentralized systems, backing the adoption of digital currencies and the buildup of favorable attitudes towards them among broader layers of online users.