Can you explain the significance of 'st' next to a coin or token on KuCoin exchange on May 3, 2018?

5 answers

• Nov 26, 2021 · 3 years ago
  The 'st' next to a coin or token on KuCoin exchange stands for 'staking'. Staking is a process where users hold and lock their coins or tokens in a wallet to support the operations of a blockchain network. By staking their coins or tokens, users contribute to the security and stability of the network and in return, they receive rewards. The 'st' label indicates that the particular coin or token supports staking on the KuCoin exchange.
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• Nov 26, 2021 · 3 years ago
  When you see 'st' next to a coin or token on KuCoin exchange, it means that you can earn passive income by staking that particular coin or token. Staking is a popular way for cryptocurrency holders to earn additional tokens or coins without actively trading. It's like earning interest on your savings account, but in the world of cryptocurrencies. So, if you're interested in earning passive income, look out for coins or tokens with the 'st' label on KuCoin.
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• Nov 26, 2021 · 3 years ago
  The 'st' next to a coin or token on KuCoin exchange indicates that the coin or token supports staking on the BYDFi platform. BYDFi is a decentralized finance platform that allows users to stake their coins or tokens and earn rewards. Staking is a great way to participate in the network and earn passive income. So, if you see 'st' next to a coin or token on KuCoin, it means that you can stake that coin or token on the BYDFi platform and earn rewards.
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• Nov 26, 2021 · 3 years ago
  The 'st' next to a coin or token on KuCoin exchange signifies that the coin or token is part of the staking program offered by KuCoin. Staking allows users to earn additional coins or tokens by holding and locking their assets in a wallet. It's a way to incentivize users to support the network and promote long-term holding. So, if you're interested in staking and earning passive income, look for coins or tokens with the 'st' label on KuCoin.
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• Nov 26, 2021 · 3 years ago
  The 'st' next to a coin or token on KuCoin exchange indicates that the coin or token is eligible for staking rewards. Staking is a process where users lock their coins or tokens in a wallet to support the network and in return, they receive rewards. It's a way to encourage users to hold and support the network, while also earning additional tokens or coins. So, if you're interested in staking and earning passive income, check out the coins or tokens with the 'st' label on KuCoin.
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