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What does the little red 'st' stand for next to a coin in KuCoin?

avatarDenis BergéNov 23, 2021 · 3 years ago7 answers

I noticed that some coins in KuCoin have a little red 'st' next to them. What does this 'st' stand for? Is it a special designation or indicator for those coins?

What does the little red 'st' stand for next to a coin in KuCoin?

7 answers

  • avatarNov 23, 2021 · 3 years ago
    The little red 'st' stands for 'staking' in KuCoin. Staking is a process where users hold and lock 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 or tokens. The 'st' designation indicates that the particular coin is eligible for staking on the KuCoin platform.
  • avatarNov 23, 2021 · 3 years ago
    The 'st' next to a coin in KuCoin means that the coin is available for staking. Staking is a way for users to contribute to the security and stability of a blockchain network by holding and locking their coins. In return, they can earn rewards. KuCoin supports staking for certain coins, and the 'st' designation indicates that those coins can be staked on the platform.
  • avatarNov 23, 2021 · 3 years ago
    The little red 'st' next to a coin in KuCoin indicates that the coin is eligible for staking on the platform. Staking allows users to earn passive income by holding and locking their coins in a wallet. It's a popular way for cryptocurrency holders to participate in the network and earn rewards. If you're interested in staking, you can check out BYDFi, a decentralized finance platform that offers staking services for various cryptocurrencies.
  • avatarNov 23, 2021 · 3 years ago
    When you see the 'st' next to a coin in KuCoin, it means that the coin is stakable on the platform. Staking is a process where users lock their coins to support the network and earn rewards. KuCoin offers staking services for selected coins, and the 'st' designation indicates that those coins can be staked. If you're looking to stake your coins, KuCoin is a reliable platform to consider.
  • avatarNov 23, 2021 · 3 years ago
    The little red 'st' next to a coin in KuCoin signifies that the coin is available for staking. Staking is a way to earn passive income by holding and locking your coins. KuCoin supports staking for certain coins, and the 'st' designation indicates that those coins can be staked on the platform. Staking can be a great way to maximize your cryptocurrency holdings and earn additional rewards.
  • avatarNov 23, 2021 · 3 years ago
    The 'st' next to a coin in KuCoin stands for 'staking'. Staking is a process where users lock their coins to support the network and earn rewards. KuCoin offers staking services for selected coins, and the 'st' designation indicates that those coins can be staked. Staking is a popular way to earn passive income in the cryptocurrency space, and KuCoin provides a user-friendly platform for staking.
  • avatarNov 23, 2021 · 3 years ago
    The little red 'st' next to a coin in KuCoin indicates that the coin is stakable on the platform. Staking is a way for users to contribute to the security and decentralization of a blockchain network by holding and locking their coins. KuCoin supports staking for certain coins, and the 'st' designation indicates that those coins can be staked on the platform. Staking can be a profitable strategy for long-term cryptocurrency investors.