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The Trading Fee Discount Function is now activated. Users who hold KCS on KuCoin are able to take advantage of this function to get a certain discount on their trading fees.
Here are the details:
- Only users who hold KCS on KuCoin can take advantage of the Trading Fee Discount.
- Every day at 00:00 (UTC+8), the system takes a snapshot of users’ KCS holdings. The snapshot of KCS holdings decides the discount rate of each user for that day. Please be aware that it could take up to an hour for the new discount rate to take effect, but the discount rate should be updated before 01:00 (UTC+8) and lasts until the next snapshot is taken.
- For every user holding at least 1000 KCS, this will result in a 1% discount on trading fees. The maximum discount rate shouldn’t exceed 30%. Therefore, holding 10,000 KCS results in a 10% discount, holding 30,000 KCS results in the maximum discount rate of 30%.
- Users can check out their Trading Fee Discount on the trading page:
5. This is a core benefit of holding KCS which is permanent. The ratio of the Trading Fee Discount may be readjusted in the future. Please pay close attention to our announcements.