Exchanges

04/04/19 04:47 UTC-4

KuCoin exchange reported on the delisting of 5 coins and the planned burning of KCS tokens

KuCoin delisted and reported the burning of KCS coins and the delisting of 5 coins
KuCoin delisted and reported the burning of KCS coins and the delisting of 5 coins

On March 4, the KuCoin cryptocurrency exchange reported that it intends to carry out the purchase and burning of KCS tokens over the next three weeks. In addition, it became known that the stock-exchange had delisted five coins.

The administration of the KuCoin Singapore exchanger spoke about the plans for the end of the first fiscal quarter of 2019. Exchanger will buy out and burn the KCS native tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
,  as well as delist five projects: Global Awards Token (GAT), Elixir (ELIX), LOCIcoin (LOCI), Trinity (TNC), Unikoin Gold (UKG). 

 

KuCoin: Delisting and burning of KCS tokens

On March 4, the KuCoin platform administration announced that it plans to buy out KCS and burn tokens at the end of the first fiscal quarter, that is, from April 4 to 18, 2019. This is the sixth campaign for the elimination of coins. The number of burned tokens is still unknown, but last summer 396,211 tokens were bought out and burned (equivalent to 10% of quarterly profit).

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“KuCoin will buy out and burn KCS, KCS tokens will be bought on the market and then burned down during the 1st quarter of 2019 over the next three weeks. The specific amount will be made public to the public upon completion. This is the sixth KCS burning process. –  KuCoin, Twitter

KuCoin Exchange reported on the planned burning of KCS coins, as well as the delisting of 5 coins. Among the projects that will no longer take part in the auction were: Global Awards Token (GAT), Elixir (ELIX), LOCIcoin (LOCI), Trinity (TNC), Unikoin Gold (UKG). On March 3, the tokens from the list ceased to exist in KuCoin exchange pairs.

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Recall that a few days ago, KuCoin resumed their payments with a MasterCard and Visa credit card. Also, the first IEO was recently held on the platform.

Editor: Pereyidenko Ihor

See also: "Huobi Cryptocurrency Exchange has changed the conditions for the initial exchange offers (IEO)"

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