Dmitry Nechushkin

What Is KuCoin Token (KCS)?

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

Price and market data of the KCS coin

The price of KuCoin Token today is $19.29 with a daily trading volume of $ 13,143,838 . The price of KCS has increased by 0.1% in the last 24 hours. There are currently 98.38 million KCS in circulation with a maximum supply of 145.9 million. The most active exchange on which this cryptocurrency is exchanged is KuCoin .

Who Are the Founders of KuCoin Token?

The KuCoin Exchange is a cryptocurrency exchange headquartered in Singapore. It launched on September 15, 2017. The company was originally co-founded in 2013 by the following people: COO Eric Don, marketing director Jack Zhu, president of business operations John Lee, operations and maintenance director Kent Li, chief legal consultant Linda Lin, CEO Michael Gan and CTO Top Lan.

What Is Waves (WAVES)?

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.

The platform has undergone various changes and added new spin-off features to build on its original design.

Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.

Who Are the Founders of Waves?

Waves is synonymous with its founder, Ukrainian-born scientist Alexander Ivanov (also known as Sasha Ivanov).

Prior to creating Waves, Ivanov was already active in the cryptocurrency space, having released the now-defunct instant exchange Coinomat and indexing site Cooleindex. He also created an early version of a stablecoin, CoinoUSD, tied to the U.S. dollar.

Ivanov is publicly active in his promotion of Waves, giving frequent interviews on the platform and trends in the wider blockchain industry.

According to Waves’ marketing literature, the company now employs over 180 people at locations including Moscow and Switzerland.

Why Waves?

SIMPLE

Waves enables a world of NFTs, DAOs, and other new business models

SCALABLE

Waves delivers extremely fast experiences with extremely low costs.

ECO-FRIENDLY

Waves aspires to make the most of blockchain, with a minimal carbon footprint.

OPEN

Waves bridges to other ecosystems for easy interoperability.

How Many Waves (WAVES) Coins Are There in Circulation?

WAVES began as a fixed-cap token for the Waves platform with 100 million tokens available.

In its ICO — which raised 30,000 BTC — 85% of the supply went to sale participants, 4% to partners and supporters, 9% to the developers and 1% each to early supporters and bounty schemes which occurred after the ICO.

Its utility increased in time, and in 2019, it was decided to remove the supply cap, with decision-making transferred to network participants.

Currently, the block reward is 6 WAVES, and any changes come in the form of votes — users must choose whether or not to decrease the block reward by 0.5 WAVES every 110,000 blocks.

How Is the Waves Network Secured?

Waves uses a modified proof-of-stake algorithm called WavesNG. The technology is based on Bitcoin-NG, a scaling proposal by well-known Bitcoin advocate, Cornell University developer Emin Gün Sirer.

Waves highlights that its code is open source, allowing for more trust and ease of maintenance than closed source enterprise blockchain solutions.

Where Can You Buy Waves (WAVES)?

WAVES, as a cryptocurrency on the market for over four years, is widely tradable on a large number of exchanges.

Pairs operate between WAVES and other cryptocurrencies, stablecoins and fiat currencies.

Volumes are highly distributed, with Binance and Huobi Global among the largest market venues.

What Is Helium (HNT)?

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.

Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

Who Are The Founders Of Helium?

Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013.

Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s.

Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal.

Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.”

What Makes Helium Unique?

Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.

Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.

Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.

The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.

In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.

How Many Helium (HNT) Coins Are There in Circulation?

Approximate mining periods of 30 to 60 minutes unlock rewards which are distributed according to a changing growth plan.

Helium explains that at the start, node owners will accrue more HNT for building out network infrastructure, while later on, it will be more advantageous to transfer device data. This adjustment mechanism for token distribution is expected to last for around 20 years.

As of the start of October 2020, there are 48,712,218 HNT in circulation. When the token launched, the supply was zero, with no premine.

How Is the Helium Network Secured?

Helium uses a bespoke consensus mechanism called proof-of-coverage (PoC) which rewards users for contributing to mining (validating transactions) and ensuring stability.

PoC is based on the HoneyBadger BFT protocol, which is specifically designed for node communication when conditions are unreliable.

Helium says that the most likely attack vector impacts node operators in the form of inbound ports of Hotspots. For token holders, the platform’s own wallet uses asymmetric keys to help users with private key security.

Where Can You Buy Helium (HNT)?

HNT is a tradable token spreading across major exchanges as of October 2020. Major pairs are active on Binance and FTX, and include USD and stablecoins such as Tether (USDT).

New to crypto? Check out our easy guide to buying Bitcoin (BTC) or any other cryptocurrency.