What does 'st' next to a coin or token on KuCoin exchange mean?

6 answers

• Gidion KhaembaApr 07, 2022 · 3 years ago
  The 'st' next to a coin or token on KuCoin exchange stands for 'staking'. It indicates that the particular coin or token supports staking, which is a process of holding and validating cryptocurrency in a wallet to support the operations of a blockchain network. By staking your coins, you can earn rewards in the form of additional coins or tokens. Staking is a popular way for crypto investors to earn passive income.
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• Agus HeryOct 20, 2022 · 3 years ago
  When you see 'st' next to a coin or token on KuCoin exchange, it means that the coin or token is eligible for staking. Staking is a mechanism that allows holders of certain cryptocurrencies to participate in the network's consensus and earn rewards. By staking your coins, you contribute to the security and stability of the network while earning additional coins as a reward. It's a great way to put your idle coins to work and generate some passive income.
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• Ahmet KeremOct 02, 2021 · 4 years ago
  The 'st' next to a coin or token on KuCoin exchange indicates that the coin or token supports staking. Staking is a process where you hold your coins in a wallet and contribute to the network's operations, such as validating transactions and securing the blockchain. In return for your contribution, you earn additional coins as a reward. It's a win-win situation as you not only support the network but also earn passive income. If you're interested in staking, you can explore platforms like BYDFi, which offers staking services for various cryptocurrencies.
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• Subxon ShukurovApr 22, 2023 · 2 years ago
  When you come across 'st' next to a coin or token on KuCoin exchange, it means that the coin or token supports staking. Staking is a way to participate in the network's consensus and earn rewards by holding and locking up your coins. It's like earning interest on your crypto holdings. Staking can be a profitable strategy for long-term investors who believe in the potential of the underlying blockchain technology. If you're interested in staking, make sure to do your research and choose a reliable platform that offers staking services.
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• Boss GamingFeb 17, 2024 · a year ago
  The 'st' next to a coin or token on KuCoin exchange is an abbreviation for 'staking'. It signifies that the particular coin or token can be staked to earn rewards. Staking involves holding your coins in a designated wallet and supporting the network by validating transactions. In return, you receive additional coins as a reward. Staking is a popular way to earn passive income in the crypto space, and it's worth exploring if you're looking for ways to make your crypto assets work for you.
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• JulianqueenFeb 20, 2024 · a year ago
  When you see 'st' next to a coin or token on KuCoin exchange, it means that the coin or token supports staking. Staking is a process where you lock up your coins in a wallet to support the network's operations. By doing so, you contribute to the security and decentralization of the blockchain while earning rewards. Staking can be a profitable strategy for crypto investors, especially in the long run. If you're interested in staking, make sure to check the staking requirements and potential rewards before getting started.
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