Why is there an 'st' next to certain coins or tokens on KuCoin exchange on May 3, 2018?

3 answers

• Mar 23, 2022 · 3 years ago
  The 'st' next to certain coins or tokens on KuCoin exchange on May 3, 2018 stands for 'staking'. Staking is a process where users hold and lock their coins or tokens in a wallet to support the network's operations and earn rewards. By staking their coins or tokens, users contribute to the security and stability of the network. The 'st' indicates that those particular coins or tokens are eligible for staking on the KuCoin exchange, allowing users to earn additional rewards by participating in the staking process.
  517259
• Mar 23, 2022 · 3 years ago
  The 'st' next to certain coins or tokens on KuCoin exchange on May 3, 2018 represents the availability of staking for those specific coins or tokens. Staking is a popular mechanism in the cryptocurrency world that allows users to earn passive income by holding and locking their coins or tokens. By staking, users contribute to the network's security and decentralization while earning rewards. KuCoin supports staking for selected coins or tokens, giving users the opportunity to earn additional income through their holdings.
  527176
• Mar 23, 2022 · 3 years ago
  On May 3, 2018, KuCoin exchange introduced the 'st' next to certain coins or tokens to indicate their eligibility for staking. Staking is a way for users to earn rewards by holding and supporting the network. It allows users to participate in the consensus mechanism of the blockchain and contribute to its security. By staking their coins or tokens, users can earn additional income in the form of staking rewards. KuCoin's decision to introduce staking for selected coins or tokens provides users with an opportunity to earn passive income and actively participate in the growth of the supported projects.
  607152