What does the 'st' symbolize next to a coin in KuCoin?

5 answers

• Luise P.Mar 16, 2023 · 2 years ago
  The 'st' symbol next to a coin in KuCoin stands for 'staking'. It indicates that the particular coin can be staked on the KuCoin platform. Staking is a process where users hold their coins in a wallet to support the operations of a blockchain network. By staking their coins, users can earn rewards in the form of additional coins. Staking is a popular way to earn passive income in the cryptocurrency market.
  409

  205
• Swagato BhattacharyyaFeb 05, 2022 · 4 years ago
  The 'st' symbol next to a coin in KuCoin represents the coin's staking capability. Staking allows coin holders to participate in the consensus mechanism of a blockchain network and earn rewards for securing the network. It's a way for users to contribute to the decentralization and security of the blockchain while earning additional coins as an incentive.
  357

  119
• Jonathan Douglas MaherJun 06, 2022 · 3 years ago
  The 'st' symbol next to a coin in KuCoin indicates that the coin is supported for staking on the BYDFi platform. BYDFi is a decentralized finance platform that allows users to stake their coins and earn rewards. Staking is a popular feature in the cryptocurrency industry as it provides users with a way to earn passive income on their holdings.
  345

  87
• Sinkan SuravitaAug 29, 2022 · 3 years ago
  When you see the 'st' symbol next to a coin in KuCoin, it means that the coin can be staked. Staking is a process where users lock up their coins to support the network's operations and earn rewards. It's a way for users to actively participate in the blockchain ecosystem and earn additional coins as a reward for their contribution.
  334

  67
• nanyamaxSep 27, 2024 · a year ago
  The 'st' symbol next to a coin in KuCoin signifies that the coin is eligible for staking. Staking is a mechanism that allows users to earn rewards by holding and supporting the network of a particular cryptocurrency. It's a way for users to earn passive income while contributing to the security and stability of the blockchain network.
  336

  56