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

5 answers

• Luise P.Feb 25, 2024 · 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.
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• Swagato BhattacharyyaFeb 26, 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.
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• Jonathan Douglas MaherSep 12, 2021 · 4 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.
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• Sinkan SuravitaSep 26, 2024 · a year 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.
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• nanyamaxMay 06, 2022 · 4 years 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.
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