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What does 'ST' mean in the context of Kucoin and cryptocurrency?

avatarJenny LumbarDec 17, 2021 · 3 years ago3 answers

Can you explain the meaning of 'ST' in relation to Kucoin and cryptocurrency? I've seen this term mentioned but I'm not sure what it refers to.

What does 'ST' mean in the context of Kucoin and cryptocurrency?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    ST stands for 'Standard Token' on Kucoin. It is a term used to refer to tokens that adhere to certain standards and protocols. These tokens are typically built on blockchain platforms like Ethereum and follow specific token standards such as ERC-20. ST tokens can be traded on the Kucoin exchange and are subject to the same rules and regulations as other cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    In the context of Kucoin and cryptocurrency, 'ST' refers to 'Security Token'. Security tokens are digital assets that represent ownership or investment in a real-world asset, such as stocks, bonds, or real estate. These tokens are regulated and offer investors certain rights and protections. Kucoin provides a platform for trading security tokens, allowing users to buy and sell these assets in a secure and compliant manner.
  • avatarDec 17, 2021 · 3 years ago
    ST in the context of Kucoin and cryptocurrency actually refers to 'Stack Token'. Stack is a decentralized finance (DeFi) platform that aims to provide a range of financial services on the blockchain. Stack Token (ST) is the native token of the Stack platform and is used for governance, staking, and other functions within the ecosystem. It can be traded on Kucoin and other supported exchanges.