The world’s leading exchange, KuCoin, has revised its Whitepaper version 5.0, which was co-developed with the KCC decentralised chain and the KCS Management Foundation. The new paper describes the KCS Foundation and KCC Ecosystem, as well as the distribution of KCS tokens to reward users and build the ecosystem as a whole.
KuCoin Whitepaper
The new version of KuCoin Whitepaper highlights the KCS ecosystem’s major emphasis on development.
- The efforts are to be made as part of the KCS and KCS Management Foundation partnerships.
- Information on the KCS Initial Lock
- The establishment of the KCS Management Foundation, as well as the scope of its services.
- Platform support for KCS token holders, as well as internal economy value management
“KCS will assist establish a self-circulation ecosystem with community support, by bringing KuCoin and the KCC community together and establishing a connection between the decentralised and centralised domains.” according to Johnny Lyu, KuCoin’s CEO.
The KCS Management Foundation will serve as an incubator, investment centre, and research platform for diverse projects, according to the Whitepaper.
The paper also provides the token distribution specifics, stating that 20 million of the 90 million original KCS lock-up tokens will be permanently burnt. Timeframes for 5-year token releases, as well as payments to the KCS Management Foundation and different user incentive distributions, are all included in the paper.
