KUB Coin

KUB Price

About KUB Coin (KUB)

KUB Coin is the native utility token of KUB Chain, a high-performance blockchain network designed to power a regional decentralized economy and democratize access to digital opportunities.

• The coin serves as the primary currency for paying transaction fees (gas) across the KUB Chain network.
• It facilitates network security and decentralized operations through a Proof of Stake consensus mechanism involving validators and delegators.
• KUB can be converted into fee credits on the Bitkub Exchange or used to access exclusive services within its partner ecosystem.

What Is KUB Coin

KUB Coin is the foundational asset of the KUB Chain ecosystem, serving as the essential link between the blockchain infrastructure and its various decentralized applications (dApps). Its primary role is to act as the medium of exchange for network resources, ensuring that transaction processing and smart contract executions are compensated through on-chain gas fees.

Value moves through the system as users pay for services, which are then distributed to the network participants who maintain the infrastructure. The token is put to work through staking, where holders lock their assets to secure the network and participate in block production. This mechanism is designed to scale as the ecosystem grows, as increased dApp activity drives higher demand for the token to cover transaction costs and protocol service fees.

What Makes KUB Coin Unique

• Exchange Integration: KUB is uniquely integrated with the Bitkub Exchange, allowing users to convert the coin into fee credits for trading discounts.
• Regional Ecosystem Focus: The project focuses on empowering a regional on-chain economy, specifically targeting the Southeast Asian market with localized infrastructure and partner services.
• High Performance: KUB Chain is engineered for speed and scalability, aiming to provide a foundation for mass-market Web3 applications without the high costs associated with older networks.

What Can You Use KUB Coin for?

• Network Gas Fees: Pay for transaction costs and smart contract interactions on the KUB Chain Layer 1 network.
• Staking Rewards: Participate in the network's Proof of Stake system as a validator or delegator to earn rewards for securing the chain.
• Fee Credits: Convert KUB into trading fee credits on the Bitkub Exchange platform.
• Governance Participation: Use KUB to interact with the governance system, often involving the gKUB token, to vote on protocol upgrades and ecosystem proposals.
• Ecosystem Utility: Access exclusive services, NFT marketplaces, and DeFi protocols built natively on the KUB Chain.

How Does KUB Coin Work?

KUB Coin operates as the native asset of a Layer 1 blockchain that utilizes a Proof of Stake consensus mechanism. In this system, validators are responsible for verifying transactions and adding new blocks to the chain, a process secured by the financial collateral (stake) provided by KUB holders.

The network employs the Keccak hashing algorithm to maintain data integrity and security. To ensure efficient operations, the chain uses gas fees to prioritize transactions and prevent network spam. This architecture allows for rapid finality—the point at which a transaction is considered permanent—and high throughput, which refers to the number of transactions the network can process per second.

Team Info and Investors

KUB Coin was developed by Bitkub Blockchain Technology Co., Ltd., a subsidiary of the Bitkub Group, which operates Thailand's leading digital asset exchange. The project is led by a team of blockchain engineers and industry professionals focused on building a comprehensive Web3 infrastructure. While specific early-stage venture capital rounds for the coin itself are not detailed in primary sources, the project is backed by the broader corporate resources and strategic partnerships of the Bitkub ecosystem.

Where can you buy KUB Coin?

KUB tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade KUB Coin is Bitkub, where the most active trading pair KUB/THB has a trading volume of $236,011.75 in the last 24 hours. Other popular options include Bitget and Gate.

What is the daily trading volume of KUB Coin (KUB)?

The trading volume of KUB Coin (KUB) is $335,414.98 in the last 24 hours, representing a 61.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for KUB Coin (KUB)?

KUB Coin (KUB) reached an all-time high of $17.24 and an all-time low of $0.3820. It’s now trading -96.40% below that peak and 61.00% above its lowest price.

What is the market cap of KUB Coin (KUB)?

Market capitalization of KUB Coin (KUB) is $42,414,747 and is ranked #549 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of KUB tokens (69 Million tokens are tradable on the market today).

What is the fully diluted valuation of KUB Coin (KUB)?

The fully diluted valuation (FDV) of KUB Coin (KUB) is $67,642,440. This is a statistical representation of the maximum market cap, assuming the maximum number of 110 Million KUB tokens are in circulation today. Depending on how the emission schedule of KUB tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of KUB Coin compare against its peers?

With a price increase of 3.60% in the last 7 days, KUB Coin (KUB) is underperforming the global cryptocurrency market which is up 10.70%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 12.30%.