KuCoin is a world-class Hong Kong-based blockchain asset exchange opened in October 2017 that pays 90% of daily exchange fees to its token holders. KuCoin offers its own KCS token (KuCoin Shares) with a total issuance of 200 million tokens and uses it similarly to Binance through having a different mechanism for rewarding token holders.
For every 1,000 KCS on the balance, token holders receive a 0.01% discount in trading commission. Taking into account the standard KuCoin rate of 0.1%, a trader can significantly save on exchange fees.
KuCoin also offers dividends for KCS holders. Dividends are allocated 50% of the exchange's trading fees over a 24-hour period. Thus, the dividend from the KCS token is directly related to the total trading volume, which is also a stimulating method to increase their volume and intensity.
KCS is the exchange's own token based on the ERC-20 protocol. According to the official document of the KuCoin exchange, it is planned to burn tokens and gradually reduce their maximum number to 100 million tokens. This limited supply should also drive the coin's price up further.