KCS circulating supply dropped by 7 times out of nowhere. Total supply remains the same.

7 Comments

1. DeshawnKunde on 19. May 2018 at 13:57

   KuCoin has been in contact with CoinMarketCap and Etherscan and urged them to update KCS’s circulating supply to 90,730,576 KCS, which is the official KCS supply. For now, users may refer to this KuCoin’s official link: https://kcs-info.kucoin.com/ to get the latest and correct information.

   
   
   
2. vanfly on 19. May 2018 at 13:57

   The 70 million KCS issued by the founders in the first phase should be subject to a four-year lock-up period from Sep 2nd, 2017 to September 2nd, 2021. Founders are prohibited to assign or sell their KCS holdings in any way before September 2nd, 2018. Team members can only assign or sell 25% of their largest historical exchange volume in 365 natural days from Sep 3rd, 2018 to the end of lock-up period.

   The 30 million KCS exchanged by the consultants and angel investors in the second phase should be subject to a two-year lock-up period from Sep 2nd, 2017 to Sep 2nd, 2019. Holders are not allowed to assign or sell their KCS holdings in any way before September 2nd, 2018. They can only assign or sell 50% of their largest historical exchange volume in 365 natural days from September 3rd, 2018 to the end of lock-up period.

   **The 100 million KCS issued by public users suffers no lock-up period and opens for exchange from Sep 2nd, 2017.** ———————————————————————————————————————————————————–

   This means 100 Million are in circulating supply and able to be traded on the open market, tokens are not locked into nodes etc. People that own a portion of this supply can sell whenever they want, thus it’s to be considered circulating.

   300,000 of that 100 Million have been burnt in a buy back. Which should place circulating supply at

   ninety-nine million seven hundred thousand.

   
   
   
3. Another_RedditLurker on 19. May 2018 at 13:57

   Bump

   
   
   
4. vanfly on 19. May 2018 at 13:57

   This will need an explanation. We go from 91M to 75M now to 11M (rounding). What is going on KuCoin?

   10 days ago someone asks about the 75m, no KuCoin rep bothers to respond.

   [https://www.reddit.com/r/kucoin/comments/8hm2p2/why_is_the_kcs_circulation_75m/](https://www.reddit.com/r/kucoin/comments/8hm2p2/why_is_the_kcs_circulation_75m/)

   
   
   
5. ThatIsAlmostCorrect on 19. May 2018 at 13:57

   Define “circulating”, and clarify how this is measured.

   
   
   
6. throttledog on 19. May 2018 at 13:57

   coin looks better on paper now and the kickbacks aren’t bad either. Compared to Huboi and Binance it seems a little undervalued.

   
   
   
7. coindawg4lyfe on 19. May 2018 at 13:57

   Prepare for 10x in next day lol