What does 'st' next to a coin or token on KuCoin exchange mean on May 3, 2018?
Can you explain the meaning of 'st' next to a coin or token on KuCoin exchange on May 3, 2018? I noticed that some coins or tokens have 'st' next to their names, but I'm not sure what it stands for. Can you provide some insights into this?
1 answers
- HarrietteFeb 12, 2024 · 2 years agoWhen you see 'st' next to a coin or token on KuCoin exchange, it means that the coin or token supports staking. Staking is a mechanism that allows users to participate in the network's consensus and earn rewards by holding their coins in a staking wallet. By staking their coins, users contribute to the security and stability of the blockchain network, and in return, they receive additional coins or tokens as rewards. The 'st' next to a coin or token on KuCoin exchange is a way to indicate that staking is available for that particular cryptocurrency.
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