KEX token is an internal token of KickEX exchange, which is rewarded to traders according to their trade volumes. Thus, the emission of KEX token is backed by real transactions and trades making it a working Proof of Trading concept.
KEX tokens will be available only on the KICKEX exchange. KEX will be traded to the other main currencies – BTC, ETH and USDT. At first, there will be no KEX/ KICK pair, since KEX token will interact with KickToken within the ecosystem.
KEX token will lower the commission for those traders who hold the token on their balance on KickWallet, moreover, KEX will open up unique opportunities, which otherwise could not be bought for other cryptocurrencies.
KEX token is a utility token. Despite the expected multiplicator growth as KickEX exchange evolves, KEX token cannot be classified as a security and does not indicate any profits from capital gains. KEX token is not a subject to investment opportunities and its only purpose on KickEX is to serve as a payment for services, commissions, give access to additional functionalities, and to lower the trade commission on the exchange.