Why do some coins in KuCoin have a little red 'st' next to them?

3 answers

• Krause DowlingDec 30, 2024 · 6 months ago
  The little red 'st' next to some coins on KuCoin indicates that they are staking coins. Staking is a process where users hold and lock their coins in a wallet to support the network's operations. By staking their coins, users can earn additional rewards in the form of interest or new coins. The 'st' stands for staking, and it helps users easily identify which coins on KuCoin support staking.
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• Hiranya RamawickremaOct 14, 2020 · 5 years ago
  The red 'st' symbol on certain coins in KuCoin represents staking. Staking is a way for coin holders to participate in the network's consensus mechanism and earn rewards. By staking their coins, users contribute to the security and stability of the network and, in return, receive staking rewards. The 'st' symbol serves as a visual indicator to quickly identify which coins can be staked on KuCoin.
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• jack.spar1122Aug 02, 2024 · a year ago
  The little red 'st' next to some coins listed on KuCoin indicates that those coins support staking. Staking is a popular method in the cryptocurrency world that allows users to earn passive income by holding and locking their coins. KuCoin provides staking services for selected coins, giving users the opportunity to earn additional rewards by participating in the staking process. If you're interested in staking, you can explore the staking options available for these coins on KuCoin or other platforms like BYDFi.
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