KCS Team Completes 13th Quarterly (Q4 2020) KCS Burn

[KuCoin Unofficial]

In accordance with the white paper, the KCS team has executed the 275,179 KCS burn for Q4 2020.

Current KCS Circulating Supply: 79,843,459 KCS
Current KCS Total Supply: 169,843,459 KCS

Also, to accelerate the KCS burn process and adapt to market developments more efficiently, the KCS team has decided to adjust the period of KCS buyback and burn from each quarter to each month. The January burn amount is 10% of the January income of KuCoin. The team will start buying back the January amount at 16:00 on February 25, 2021 (UTC) and will announce the exact burning amount and TXID after the execution.

Details: https://www.kucoin.com/news/en-kcs-team-completes-13th-quarterly-q4-2020-kcs-burn