Comparing Shiba Inu (SHIB) and KuCoin (KCS)
Shiba Inu (SHIB)
- Symbol: SHIB
- Asset Platform: Ethereum
- Categories: @BNB Chain Ecosystem, Meme, Ethereum Ecosystem
- Market Cap Rank: 14
- Price Change Percentage (30 days): 14%
Shiba Inu (SHIB) is a meme token that has evolved into a decentralized ecosystem. During its launch, a significant portion of the supply was allocated to Vitalik Buterin's ethereum wallet. Vitalik then donated 10% of his SHIB holdings to a COVID-19 relief effort in India, while the remaining 40% was burned forever. This donation was one of the largest in the world, valued at approximately $1 billion at the time. The Shiba Inu community is currently focused on the development of Shibaswap, a decentralized exchange offering two new tokens, LEASH and BONE, for incentives and governance purposes.
- Symbol: KCS
- Asset Platform:
- Categories: @Exchange-based Tokens, Centralized Exchange (CEX)
- Market Cap Rank: 79
- Price Change Percentage (30 days): -21.15%
KuCoin is an international cryptocurrency exchange that shares 50% of its overall trading fee revenue with users holding its exchange-based token. Similar to Binance, KuCoin offers low trading fees and incentives for holding or trading its native cryptocurrency. The exchange was founded in 2013 by a team that had been researching blockchain technology since 2011. With a goal of becoming one of the top 10 exchange platforms worldwide, KuCoin aims to provide safe, convenient, and state-of-the-art transaction services. CEO and founder, Michael Gam, brings vast technical expertise from his previous roles. KuCoin faces competition from OKEx, but it expects to continue growing its user base and community exponentially as it aims to be among the top 5 exchanges globally.