Cryptocurrencies have been becoming more popularly in the modern society. Cryptocurrency is a digital currency wherein techniques in encryption are used for regulation of generation of units of currency. One of the best cryptocurrencies to invest in and has been trusted and proven by several users is Kucoin.
What to Know About Kucoin?
Kucoin is one of the existing cryptocurrency exchanges available in the market. It was founded by a group of blockchain enthusiasts namely Michael Gan, Erin Don, and Top Lan. Kucoin has been developed in Hong Kong and was launched in September 2017. It has continuously developed ever since then and has already taken the 17th slot as the most active cryptocurrency exchange by volume.
What is Kucoin Shares?
Kucoin shares (KCS) serves as the native token of Kucoin Exchange and makes transactions easier for crypto enthusiasts. Kucoin KCS are used to pay for trading fees and at the same time, it provides users with reward discounts. KCS can be availed on Kucoin exchange and can be stored in wallets that support Ethereum blockchains.
What are The Features of Kucoin Shares?
The features of Kucoin KCS are as follows:
An incentive bonus that is equivalent to 50% of the overall trading fees is provided by KuCoin to KCS account holders. To make this possible, users have to deposit their KCS to KuCoin platform. The platform is responsible to perform the calculations including bonuses based on the KCS holdings of the users at a certain time period. The Kucoin bonus received will be put in the user’s account.
Moreover, there is also an invitation bonus wherein if a user is able to successfully invite another Kucoin user, the former can share the trading fee of the latter as a bonus.
- Trading fee discounts
Trading fees are discounted if there is a certain amount stored in your Kucoin account. For example, 1% discount is provided for 1,000 KCS and it will increase depending on the amount of KCS. Maximum possible trading fee discount is 30%.
- Use of special services
With KCS account, one can have exclusive rights to the use of special services such as customer service Fast-Pass, one-on-one consultations about investments etc.
What are The Market Capitalization and Price of KCS?
In January 2018, KCS was able to achieve its highest price of $20.61 with the market capitalization of $1.8 billion and with a trading volume of more than $24 million daily.
At present, Kucoin shares have consistently been evolving and reigning the market with a total of $380 million plus market capitalization with the price of $4.25. The trading volume is more than $900,000 daily with a circulation supply of more than 91 million KCS.
Kucoin and KCS have continued to remain popular and have helped crypto enthusiasts for several months. With KCS, existing account holders and interested individuals who are willing to try cryptocurrencies will benefit more. Securing and buying Kucoin shares is indeed a big help to have more successful cryptocurrency exchanges.