The cryptocurrency exchange based in Hong Kong that also offers their token is the KuCoin. Check out everything you need to know about this exchange and its token in this article.
What Is KuCoin?
As long as Kucoin remains the best trading platform for cryptocurrency, more trading fees will be collected and therefore increasing the size of payouts to the users and KCS holders.
The cryptocurrency exchange called KuCoin got launched last September 15, 2017. The platform makes use of the KCS or KuCoin Shares in the same way as Binance. You will get a discount on the trading fees whenever you use the KuCoin Shares.
Overall, they are aiming to become a more user-friendly exchange compared to the traditional trades available nowadays. The platform shares 90% of their trading fees with the users. They also offer generous referral rewards and 24/7 customer service. They also became famous for posting coin pairs before they hit the other major cryptocurrency exchanges. Their website features a list of coins that have a schedule to get added to the platform anytime soon.
What is KCS – KuCoin Shares?
KCS or KuCoin Shares are the tokens that are part of the exchange that is similar to BNB on Binance. It is a decentralized cryptocurrency that they issued based on the ERC 20 token of Ethereum.
The KuCoin Shares may provide various bonuses that include special services, lower trading fees, and income from fees.
For the improvement of the exchange’s vitality and user’s involvement, they will award incentive bonus that is fifty percent of the total trading fees that the platform charges users who hold KCS in their accounts on the Exchange. It can provide payouts every day.
The wallet of KuCoin has offline storage in a bank safe, multilayer encryption, regular auditing by the bank and funds escrow.
Fast Exchange & Withdrawals
People claim that the blockchain-based assets may get added to your account within two minutes of your transactions. Withdrawals may get completed within ten minutes.
24/7 Customer Support
They offer 24/7 customer support through Telegram, WeChat, and other platforms. In my personal experience, they can immediately respond to any questions that you have.
KuCoin gets featured in a lot of cryptocurrency markets. It now has a very powerful backend that allows them to add any new cryptocurrencies immediately.
Passive Income: KCS Tokens
By holding KCS tokens in your account, you may earn passive income or dividends.
KuCoin Android & IOS App
There will be a mobile app for IOS and Android that they may release anytime soon.
KuCoin has a multi-cluster and multi-layer architecture. They offer bank-level disaster-proof deployment that has three centers and two locations that are capable of handling various tasks simultaneously.
Unique Operation Strategies
There are claims from KuCoin that they have incentive policies that can sustain the enthusiasm of active users so that the business can become more vigorous. They have a goal to become one of the world’s top ten exchanges, and they believe that their referral and incentive bonuses can help in driving that growth.
The trading engine of KuCoin can handle two million order-making requests every second. It can handle one million order requests for every second.
The system of KuCoin makes use of the transfer encryption protocols that have the industry standard. Overall, they are aiming to provide security and bank-grade encryption.
KuCoin Referral Program
The KuCoin is one of the only exchanges that provide an excellent referral program that is not a Pyramid Scheme.
Highly responsive Team
KuCoin has a super responsive Team that can implement the coins or features that the community wants and listen to the community. It can also provide other community activities and fantastic promotions.
Recently, some people called the KuCoin a Ponzi or Pyramid scheme. Even if the initial impact of the image is a pyramid scheme, if you look closely, you will discover that KuCoin does not benefit at all. They are giving 90% of their fees to the referee as compensation, and they only take 10%. It is not some shady MLM or pyramid scheme. That marketing tool can attract liquidity and more traders to the market. The ones who will benefit from this are the traders. Their referral system is entirely optional. You don’t have to spam your link or invite anyone. The Referral or Affiliate System can be a great marketing tool if it gets implemented correctly. When it comes to KuCoin, they are performing it well, and it is not like any Ponzi or Pyramid scheme.
Michael Gan (CEO)
Michael was a technical expert of the Ant Financial or Alibaba Group. He has an excellent understanding of financial solutions that are similar to Alipay. He became successful in holding posts as the senior partner in some famous Internet companies such as Kf5.com, MikeCRM, among others.
Eric Don (COO)
Eric is the Senior Researcher of the Internet and Systems Architect. He was able to accumulate more than ten years of experience in starting and working with businesses in the Internet Industry. Erics was also successful in holding the posts of senior partner and CTO of famous IT companies such as Ruiyin Wulian, Fengzheng Lianxian, and Youling.
Top Lan (CTO)
Top is the manager of some famous open source projects in GitHub and a technical expert on the Open Source Community. He was able to accomplish the deployment and design of the KuCoin financial trading system.
Kent Li (Operation Director)
Kent is the expert in operations development. He became successful in building the posts of architect and Operation Director in some Internet companies. He also became the regional Operation Supervisor of the REAP project that Stanford University in Asia initiated.
John Li (President of the Business Operations Group)
John is the project manager of a famous domestic group-buying website and president of Jianbing Communication. He became in charge of more than thirty group-buying service centers all over China. He mainly focuses on consumer finance.
Jack Zhu (Marketing Director)
Jack is the Operations Director of iBOX PAY’s southwestern market. He is the leader of the marketing team that has more than 300 employees.
I believe that the KuCoin exchange has a lot of potentials to become successful. They have a highly responsive team that listens to the community, unlike any other trade. They are aiming to become one of the world’s top ten exchanges in the future. I love their affiliate system, frontend design and the fact that they implemented TradingView as their Chart. I believe that the KCS Token is terrific and you can earn some passive income with it.