Bitkub Coin

Bitkub Chain has been developed using a data set that is compatible with Ethereum, or EVM Compatibility, allowing developers to easily develop various Decentralized Applications (DApps) and projects on Bitkub Chain. This is made possible through fast block processing with low transaction fees and a responsive consensus system, particularly addressing the needs of users in countries that face relatively high Gas Fee when using other blockchain networks. Furthermore, the Bitkub Chain developer team has also developed the KUB coin, the network’s native token, which can be used with various projects within the ecosystem.<h2 id="header-0">What is KUB?</h2>The native coin of the Bitkub Chain network operates through Smart Contracts, developed using the KAP-20 standard, which is a standard for developing Smart Contracts on the Bitkub Chain network by Bitkub Blockchain Technology Company Limited. It includes minimum features equivalent to ERC-20, which is the standard for the Ethereum network.<h2 id="header-1">KUB Coin Utility</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/784c1b22337047888624c5bddee25d4a.jpg" />KUB offers various utilities, including using KUB to pay Gas Fees on the Bitkub Chain network, exchanging it for trading fees as Fee Credits on Bitkub Exchange, <a href="https://staking.bitkubchain.com/" rel="noopener noreferrer nofollow">staking KUB to become Validator and Delegator on the Bitkub Chain network</a>, and <a href="https://app.bitkubnext.com/en/loyalty" rel="noopener noreferrer nofollow">exchanging it for goods and services from Bitkub Chain’s partners</a>. (Reference from Bitkub Chain Whitepaper V3.1)Furthermore, it can be used in various categories of projects on the Bitkub Chain ecosystem, including:<ul><li>Bitkub Metaverse — Swapping KUB for XRB, the main token on the <a href="https://www.bitkubmetaverse.com/" rel="noopener noreferrer nofollow">Bitkub Metaverse</a>, as well as use KUB coins to own farms, land, and buildings, and collaborate within the Bitkub Metaverse.</li><li>Bitkub NFT — Use KUB coins to own NFTs on the <a href="https://www.bitkubnft.com/" rel="noopener noreferrer nofollow">Bitkub NFT</a> platform through the Gasahpon feature.</li><li>Creator Studio — Use KUB coins to swap for Bitkub Creator Studio (BCS) tokens, which can be used to own stores and mint NFT on the <a href="https://studio.bitkubnft.com/" rel="noopener noreferrer nofollow">Bitkub Creator Studio</a> platform.</li><li>Blockchain Game — Swapping KUB coins for Blockchain Game tokens on the Bitkub Chain, including <a href="https://morningmoonvillage.com/" rel="noopener noreferrer nofollow">Morning Moon Village</a>, <a href="https://dicekingdom.com/" rel="noopener noreferrer nofollow">Dice Kingdom</a>, <a href="https://3kingdoms-hero.com/" rel="noopener noreferrer nofollow">3Kingdoms-Hero</a>, and <a href="https://play.fansdungeon.com/" rel="noopener noreferrer nofollow">Fans Dungeon</a>, along with many more exciting game activities and functions.</li><li>Decentralized Applications (DApps) — DApps on Bitkub Chain are designed to be user-friendly, convenient, and secure. You can use KUB coins to participate in activities and exchange for special privileges on Bitkub Chain DApps, such as <a href="https://dropzone.bitkubnext.app/" rel="noopener noreferrer nofollow">Dropzone</a> and <a href="https://app.bitkubnext.com/loyalty" rel="noopener noreferrer nofollow">Loyalty Platform</a>.</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d396aafddbdd421087473be7afe14da0.jpg" />Additionally, it can also be used for various activities on Bitkub Chain, including participating in activities on Dropzone to receive KM Tokens, exchanging for a 70% discount on Food Panda, and redeeming a maximum discount of 500 Baht on the Loyalty Platform when purchasing items on the mercular.com website.Furthermore, KUB coin holders can also start Staking through the <a href="https://staking.bitkubchain.com/" rel="noopener noreferrer nofollow">Bitkub Chain Staking Platform</a> to be entitled as Validators or Delegators. Following the adjustment of Gas Fees from 5 Gwei to 25 Gwei, Validators and Delegators receive higher rewards.Furthermore, you can learn more about projects on the Bitkub Chain ecosystem at <a href="https://www.bitkubchain.com/en/ecosystem" rel="noopener noreferrer nofollow">https://www.bitkubchain.com/en/ecosystem</a>.Reference: <a href="https://www.bitkubchain.com/docs/EN_Bitkub_Chain_WhitePaper_V3.1.pdf" rel="noopener noreferrer nofollow">Bitkub Chain Whitepaper V3.1</a>, <a href="https://medium.com/bitkubchainglobal/67f9171bd4ca" rel="noopener noreferrer nofollow">Bitkub Chain Proof-of-Stake</a>, <a href="https://staking.bitkubchain.com/" rel="noopener noreferrer nofollow">Bitkub Chain Staking Platform</a>Disclaimer: Bitkub Blockchain Technology Co., Ltd., is not a company operating under the regulations of the Securities and Exchange Commission of Thailand.For further details about Bitkub Chain projects or other activities: <a href="https://linktr.ee/bitkubchain" rel="noopener noreferrer nofollow">https://linktr.ee/bitkubchain</a>

KUB Coin Utilities on Bitkub Chain Ecosystem

Table of Contents

Bitkub Chain

Other articles published on Aug 8, 2024

Robinhood Q2 crypto revenue surges 161% on rising trading volume

Brazil approves Solana ETF – Could this be the breakthrough SOL needs?

Crypto: Boom of AI Altcoins with the Market Recovery!

The Bar is Raising in Bitcoin! Huge Bitcoin Move Coming from the Third Largest Bank of the USA!

Bitcoin Prices Eyes Upswing As BTC Whales Accumulate

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

Join our free newsletter for daily crypto updates!