4, KuCoin News

KCS Buy Back and Burn in the 3rd Fiscal Quarter

Since the beginning of the ‘The People’s Exchange’, KuCoin has been widely accepted and recognized by users. We will continue our efforts and have increased our passion to provide users a more secure and convenient trading experience.

We are delighted to announce that we have executed the KCS buy back and burn in our 3rd fiscal quarter (April 2018 — June 2018) or Q2 2018. The details are as follows:

In accordance with our whitepaper, we have used 10% of profits from the 3rd fiscal quarter (Q2 2018) to buy back KCS from the market and burned 396,211 KCS

Transaction ID: https://etherscan.io/tx/0x54f8c63868faa3d6726c0afed218e79ddfdfb8aa32dc2410b0be59310e70e19d

Current KCS Total Supply: 180,334,365 KCS

Current KCS Circulating Supply: 90,334,365 KCS

Details Inside: https://news.kucoin.com/en/kcs-buy-back-and-burn-in-the-3rd-fiscal-quarter/

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