What is Bitkub Coin?
The Bitkub Coin or KUB is the native utility token powering the Bitkub ecosystem. KUB is mainly used to pay for gas fees.
Besides being a medium of exchange, Bitkub Coin has other unique features:
- KUB can be converted into fee credits on the Bitkub Exchange platform;
- The Lock and Drop feature allows users to earn crypto rewards by simply locking their KUB coins into the Bitkub NEXT wallet;
- Bitkub Coin serves as a medium of exchange outside of the Bitkub ecosystem. This is possible due to the exclusive partnerships between Bitkub and other companies.
There is a total supply of 110,000,000 KUB with an initial circulating supply of 85,000,000 KUB. Given the project's deflationary token supply, it's possible that the Bitkub Coin price will increase as the token becomes more scarce.
The KUB token distribution is as follows:
- 46% - Liquidity Provision;
- 13.64% - Ecosystem Fund;
- 13.64% - Community Development Fund;
- 9.09% - Company Reserve;
- 9.09% - Initial Airdrop;
- 8.54% - Strategic Partners.
You can have a more in-depth look at the Bitkub Coin price history or the current KUB price on the graph above.
What are the Main Features of Bitkub Coin?
As discussed in the What is Bitkub Coin section, we’ve established that the Bitkub Coin powers an interoperable blockchain-based ecosystem called Bitkub Chain. The latter is a ready-to-use infrastructure for anyone who wants to start using blockchain technologies.
Bitkub operates using the Proof-of-Staked-Authority (PoSA) consensus mechanism. It’s EVM and Metamask wallet supported.
The Bitkub ecosystem already comes with unique projects such as a digital wallet Bitkub NEXT, an NFT marketplace Bitkub NFT, and a Bitkub Chain Bridge.
Who Developed Bitkub Coin?
The Bitkub Coin crypto project was launched in 2018 by Jirayut Srupsrisopa. It’s headquartered in Bangkok, Thailand.
