KuCoin Token (KCS) Burn

KCS total supply today is 142,155,021 — matching KuCoin's own post-round-#66 figure (142,155,021.74) to the unit — so burned = 200M − 142.16M = 57,844,979 KCS, 28.9% of original supply. The 0x…dEaD wallet on KCC holds 26,781,719 KCS, read directly over RPC. The remaining 31,063,260 was burned while KCS was still an ERC-20 on Ethereum (from the first 312,500 KCS in Q1 2018 to mid-2021) — the ledger has not rebuilt those transactions and records it as "legacy" by difference. Of the 26.78M on-chain, 20M is a single transaction on 31 Mar 2022: the founding team burning from the 65M KCS they held, announced with the KCS whitepaper on 30 Mar — the events table shows both the announcement row and the on-chain row for this one amount. The genuinely measured monthly buyback-and-burn is only 6,781,719 KCS across 45 rounds from 23 Jun 2021 to 31 Dec 2025, averaging 151k a round.

Summing the monthly rounds measured at the dead wallet by year: 2021 (from June) 1.22M, 2022 2.83M — the record 990,434 KCS on 4 Jan 2022 and 850,056 on 22 Mar — 2023 745k, 2024 1.48M (peak 311,727 on 30 Apr), 2025 510k, 2026 zero. The 2025 rounds shrank: 58,514 (6 Feb), 45,214 (10 Mar), 17,836, 18,583, 22,335, 35,778, 45,288, 62,386, 83,696 (22 Sep, the year's high), 46,995, 53,595 and 20,240 on 31 Dec — one-fiftieth of the 2022 record. The ledger checked the chain's continuity: KuCoin numbers June 2022 as round #31 and December 2025 as #66 — 42 months but only 35 rounds, so 7 months with no burn; the dead wallet is empty in exactly those 7 gaps (Dec 2022, Jan 2023, Aug–Nov 2023, Jul 2024). The program had paused before it stopped.

Read in dollars: KuCoin states each round's value in its announcement — 45,214 KCS in Feb 2025 ≈ $541k, 17,836 in March ≈ $218k, 35,778 in June ≈ $406k, 53,595 in November ≈ $766k, 20,240 in December ≈ $244k. The original 2018 rule was "10% of profit"; today's KCS page only says "calculated based on KuCoin's overall monthly revenue" with no ratio. If it were still 10% of profit, implied profit would be just $2–8M a month — this ledger's estimate, far too small for a top-10 exchange, so either the ratio changed or the base narrowed; KuCoin publishes no financials to check against.

From 1 Jan 2026 to 3 Sep 2026 the dead wallet balance has sat at 26,781,718.79 KCS; total supply has stayed at 142,155,021 every day; KuCoin's announcement page ends at "KCS Team Completes 66th (December 2025) KCS Burn" — there is no #67. The longest earlier gap was four months (Aug–Nov 2023); this one is eight, with no notice of a pause or a mechanism change. The ledger does not guess at the reason; it only notes that 2025 was a year of major restructuring at KuCoin (the January 2025 settlement with the US Department of Justice, exit from the US market, a change of leadership) and that 2025's full-year burn was already the lowest in the program's history. The ledger reads the dead wallet daily, so round #67, if it comes, appears in the events table the same day.

KCS differs from every other exchange token in that most of the value paid to holders does not go through the burn: KCS Bonus distributes 50% of each day's trading fees to accounts holding 6 KCS or more on KuCoin, at a stated yield of roughly 1–4% a year. On a market cap of about $950M, as in early September 2026, 1–4% is $10–38M a year flowing to holders — many times the $2.5M total value of 2025's twelve burn rounds. In other words, KuCoin has chosen dividends over buybacks, and this burn ledger only captures the small side. KCS has no unlock schedule: circulating supply is 137.16M per CoinGecko, while KuCoin reports 129.66M — the 12.5M gap is what the exchange treats as locked; the ledger states both definitions.

KuCoin's target since 2017 is to burn until 100M remains — 42.16M still to go. At 2022's pace (2.83M a year) that takes 15 years; at 2025's (510k a year) 83 years; at 2026's, never. Price: a high of $28.83 on 1 Dec 2021, a low of $0.343 on 6 Feb 2019 (CoinGecko). In this ledger KCS is the mirror image of GT: both exchange tokens bought and burned with profit, GT destroys 8.5% of supply a year, KCS 0.36% and then zero.

Total supply: CoinGecko, matching KuCoin's published post-round-#66 figure; burned = 200M − total supply. Dead wallet: the 0x…dEaD balance on KCC read over RPC daily (rpc-mainnet.kcc.network, fallback kcc-rpc.com); the ERC-20 "legacy" portion = burned − dead wallet, with individual Ethereum transactions not yet rebuilt. Events table: every transaction into the dead wallet rebuilt from KCC archive history, 45 monthly rounds from 23 Jun 2021 plus the 20M on 31 Mar 2022 (with the 30 Mar whitepaper announcement row for the same amount); the USD column is empty because the ledger has not yet attached a price at each round's time — KuCoin's stated values are quoted in the article. KuCoin's round numbering #31 (Jun 2022) → #66 (Dec 2025) reconciled against 7 on-chain gaps. No daily table or revenue: KuCoin publishes neither fees nor profit, and burns only monthly — currently halted. Price, market cap, ATH/ATL, circulating supply: CoinGecko.