KuCoin Announced That DATx Is Now Available On Their Platform
KuCoin, a state of the art cryptocurrency exchange platform has announced that they have listed DATx (DATX). The token is already available and supported trading pairs including DATX/BTC and DATX/ETH.
DATx (DATX) Gets Listed On KuCoin!
About DATx
DATx is a new blockchain project started by Cosima Foundation, and in collaboration with Avazu, a major advertising platform with global coverage. DATx intends to accommodate advertisers cut through all the fragmented confusion of user behavioral data to precisely target users and by producing advertisements that are essential to them.
What makes DATx distinctive from other competitors in is its capability to connect blockchain technology with artificial intelligence and big data solutions to achieve the maximum results to the advertisers. DATx’s is certain that its holistic order will further solve challenges within the digital advertising area around the precision of sending personalized and essential advertisement to internet users.
DATx Token
DATx Token is a vital component of the ecosystem on DATx system. It is proposed to be employed singularly on the platform. As the digital assets in the platform, DATx Token is a non-refundable operative utility token which will be applied as the unit of trade within members on DATx. The goal of starting DATx Token is to provide an effective and secure way of payment and contract among partners who join the ecosystem on DATx.
DATx Ecosystem
The DATx ecosystem is comprised of various elements that will retain it operating accurately and producing the associated data to the right parties.
Incentive Policy
Depending on the cooperations that happen between users and advertisement programs, the incentive system will issue tokens within the two parties.
Application Platform
It relates to external applications that interface with the DATx SDK (software development kit), such as web applications or mobile apps.
The Advertising Platform
Advertisers can give ideas as to advert distribution, as well as contributing information on advert execution to publishers. All analytical data is collected on the blockchain to assure integrity.
Big Data Feedback System
The system collects user behavior data and conducts big data analysis of such information.
The AI Recommendation System
powered by an algorithmic AI engine, this system provides users with precise and personalized advertising recommendations.
Anti-fraud System
In the early times of AdSense and other online adverts, crooks are inclined to strive to take the power of the advertising system for their financial interest. The anti-fraud regularity will intend to guarantee that the ecosystem as a complex doesn’t fall victim to such fraudsters and forms accurately.
For the DATx system, user input and selection is everything. Users will be given with unique identifications (UIDs), which they can sync over any gadget they use, to seamlessly resume within the DATx ecosystem, regardless of whether on PC or mobile. Under this system, users will have full control over their information, and third-parties will first have to be empowered by the user to obtain access to it.
How and Where to Buy Revain Coins
The Revain coin or token is an ERC-20 standard token protocol based on the Ethereum blockchain. It is one of the two currencies in the Revain ICO platform. Fiat currency or regular cannot be used to buy Revain coin. The best way to go around this is to buy cryptocurrencies that can be bought with fiat currency and exchange it with a Revain coin. Here is how it can be done:
1. Go to cryptocurrency exchange platforms that sell either bitcoin (BTC) or Ethereum (ETH) fiat to crypto. These are the cryptocurrency exchanges you can choose from:
- Coinbase – Bank transfer (SGD, AUD, EUR, BGN, CZK, HUF, LVL, ANG, PLN, RON, CHF, CAD), Visa credit cards, debit card, SEPA
- Kraken – Bank transfer (USD, GDP, JPY), Mastercard and Visa credit cards, cash, SEPA
- Upbit – Visa credit cards, wire transfer
- Bitbay – Bank transfer (USD, EUR, PLN), Mastercard and Visa credit cards, debit cards, OKPay, SEPA
- CEX.io – Bank transfer (USD, EUR, RUB, GBP), Mastercard and Visa credit cards, SEPA, SWIFT
2. You may need to sign up and connect your bank account or credit card. Most cryptocurrency exchanges have similar processes, just make sure to familiarize yourself with the crypto exchange’s interface.
3. Go to the crypto exchange’s “Buy/Sell” page. Buy either BTC or ETH. Make sure that you first checked the current market price for a Revain coin so you can estimate the necessary amount of BTC or ETH. Do not close the exchange’s window because you’ll need to go back later.
4. Once you are done, you need to go to a cryptocurrency exchange platform where you can buy and sell Revain coin. Currently, the R Revain coin is only available in 13 crypto exchanges. These exchanges are:
5. Sign up or sign in to any of these cryptocurrency exchanges. You may need to verify your identity or set up a Google 2FA authentication depending on the platform. To make the process simpler, we’ll be using Kucoin as an example.
6. On the Kucoin dashboard select “Assets.” Search on the dropdown list for either BTC or ETH (ETH is more commonly used to exchange for R coins). Select “Deposit” in either coin.
7. Copy the wallet address you have been given. This is where you can deposit your BTC or ETH.
8. Head back to where you purchased BTC or ETH and send the coins to the Kucoin wallet address you just copied. In Coinbase you need to go to “Accounts” in the menu and select the BTC or ETH assets from the list. Click “Send” under the desired coin and select the corresponding wallet.
9. Paste the Kucoin wallet address on the “Recipient” box. Specify the number of coins to send and click “Continue.”
10. A majority of crypto exchanges would send you a verification email after a successful transaction. Wait for it and then check if the coins are already loaded in your Kucoin wallet.
11. You can then go to Kucoin’s R/BTC or R/ETH marketplace to exchange your BTC or ETH coins for R Revain coins. After selecting the right marketplace go to the “Buy/Sell” tab located on the lower right corner of the window.
12. Generate a 2-factor authentication code. Kucoin requires 2FA for deposits, trading, and withdrawal transactions. It adds another layer of protection.
13. Check the current Revain coin price. You can check the lowest possible Revain coin price by clicking the “Best Price” option on the “Price” box on the “Buy R” side of the tab. You can also select “Max” on the “Amount” box to check the maximum amount of Revain coins you can purchase at the lowest price possible. You can also use the slider to control the percentage of BTC/ETH you want to spend. You can always manually input all these if you desire.
14. Once you’ve decided on the right amount of Revain coins and the percentage of BTC/ETH coins to spend, click “Buy.” You can immediately see your newly bought Revain coins in the upper right corner of the tab under “Available R.” It will take a few seconds to a minute.
And you are done. You are now a holder of Revain coins. You can either store these coins outside of Kucoin (in a personal or hardware wallet). Just remember that coins and tokens that are based on the Ethereum blockchain technology cost “gas” to withdraw or transfer. You’ll need to have enough ETH coins on your account to initiate these transactions. You can always hold Revain coins in Kucoin. Make sure that you have KCS coins in your account though, so you can earn daily dividends. Who knew, you may double your Revain coins in no time.
Crypto Markets Survive and Thrive Amidst China’s Ban
In September 2017, the People’s Bank of China (PBoC) announced the banning of initial coin offerings (ICOs). There was an upheaval in the Chinese cryptocurrency sector when it was decided that all domestic crypto markets should quit operating inside the nation specifically in trades that involved the PBoC’s official currency, the renminbi. It seems that the restrictions stemmed from inquiries into some exchange companies, considerably affecting the nation’s crypto markets.
PBoC officials started making rounds on the offices of the biggest crypto markets in the nation months prior. The said officials were from the bank’s Shanghai and Beijing financial regulation bureaus. They met with the exchanges’ executives, stating that their main purpose is to inspect the exchanges’ adherence to the anti-money laundering and capital control regulations. Robin Zhu, the chief operating officer at Huobi definitely saw that the regulators had an ulterior motive for their visit. But his initial guess on the PBoC’s motives was incorrect.
The officials requested for information regarding the crypto markets’ operation. This includes the number of customers and their trading volume at any provided time. Zhu believed that the PBoC was essentially gathering information and facts in order to create a framework for market regulations. Huobi volunteered to submit data and reports about government policies on cryptocurrency around the globe. Zhu believed that he was somehow assisting the PBoC in the complete understanding of the crypto market.
The Rise of OTC Trading Platforms
The new regulation saw the crackdown of several crypto markets along with other crypto providers. It was during this time that over-the-counter (OTC) trading platforms shot to popularity with Chinese investors. This manner of trading resembles eBay bidding as opposed to standard trading. Even with the 10-20 percent markup on fees, Chinese citizens still patronize OTC trading platforms, even going behind the government’s back by using payment platforms like Alipay to purchase Bitcoins. The most current statistical data reveals that the OTC trading marketplaces remains robust in China. Just in the previous week, day-to-day trading volumes skyrocketed up to 4 times the typical volume.
OTC trading platforms have similarities to domestic exchanges in the sense that they have higher amounts of trading volumes in comparison to international exchanges. Huobi, Okex, and OTCBTC are merely three of a handful of firms that provide OTC trading platforms to potential investors. Huobi and OKCoin, happen to be currently among China’s biggest cryptocurrency exchange platforms way before the ban. They’ve got offerings that rank well within the worldwide top 10 when it comes to trading volume. These offerings are Huobi Pro and OKEx, respectively – exchange platforms that now exclusively trade cryptocurrencies.
Curiously, many exchanges that formerly operated inside the Chinese mainland, have given that relocated to areas like Hong Kong, Japan, and South Korea, proceeded in offering OTC trading alternatives to investors.
In an interview with Coindesk, Zhu revealed that the Huobi Group gained over 400 new staff since September – more than doubling its manpower. A prominent seller on Huobi also claimed that he had witnessed over 10,000 unique Bitcoin exchanges in the platform within last 30 days. OTBTC’s OTC trading platform is primarily based in Taiwan. OTBTC claimed that inside the initial 50 days in the company’s operation, they’ve been handling about US$100 million worth of Bitcoin exchanges.
But even with the success of these platforms, Chinese investors are warned to approach such investments with caution especially if bank transfers are involved. Numerous OTC trading platforms warn Chinese investors to refrain from mentioning the cryptocurrency market while they conduct funds transfers.
Trying to find Greener Pastures
Whilst waiting for the stress to subside, Huobi decided to pursue overseas expansions. During the last month or two, the cryptocurrency exchange platform has opened offices in Hong Kong, Singapore, South Korea along with the U.S. Huobi is looking to have its new exchanges in Japan and South Korea to become operational by March this year. The company’s new office in San Francisco, on the other hand, is concentrating on analysis and cultivating excellent relations with blockchain technology startups. The employment of compliance professionals somehow hints that Huobi will probably launch its cryptocurrency solutions within the US.
Although Zhu insists that Huobi’s overseas expansion had always been a part of the company’s growth strategy, but the timing seems to indicate that the ban placed immense stress on the company. It was a pivotal moment for the company and they had no choice but to make the most of it. “If you’ve got assets in an exchange and now you will be prohibited from accessing it by means of a standard course of action, you undoubtedly will rack your brain to acquire in there,” described Zhu. Right now, less than a half of Huobi Pro’s three million customers are from mainland China.
Newcomers Adapted Right Away
PBoC’s ruling somehow inadvertently paved the way for new crypto markets to flourish. Binance was launched just two months before the PBoC ruling was released. The crypto exchange’s founders have been former OKCoin executives, Zhao Changpeng and He Yi. Its initial funding was from two Chinese venture capital firms, Blackhole and Funcity.
But Binance got fortunate. It’s being primarily based in Hong Kong was a boon for them in particular. Investors in the mainland had been overwhelmed with the uncertainty that they shifted their crypto assets to overseas cryptocurrency exchange platforms. Binance timing was fantastic.
Binance has lately evolved into a high-performing cryptocurrency exchange platform reaching to a peak of US$2 billion in day-to-day trading volume. “Although Huobi currently launched Huobi Pro at the time, we did not have as lots of tokens out there for trading as Binance did,” Zhu pointed out. Zhu also does not think that Binance can completely limit user access from mainland China. He believes that it will not be beyond customers to work with Virtual Private Networks (VPNs) to trade in Binance.
In the same interview with Coindesk, Zhu stated that “Whatever the policy may very well be, we’re going to comply with all the guidelines and are right here to say. The [bitcoin] trend is irresistible. And down the road, it can be really almost certainly China will lift its ban on cryptocurrency trading.”
Revain ICO v0.5 Launch: New Features and Updates
The Revain ICO platform now has five versions. V0.1 was released on November 2017, v0.2 on December 11, v0.3 on December 28, v0.4 on January 29, 2018, and v0.5 on March 5. Each version release saw changes in the interface and some key features. Starting v0.4, the ICO platform’s starting page was moved from the project page to the dedicated dashboard. Revain ICO also added the first list of 20 projects and tokens.
Each item on the list includes details like rating, trading volume, current price, ICO price, and open source activity. These features remained in v0.5. The details can be toggled to reveal more information including statistical data. There is also a link to the project’s official site. The overall ratings and review highlights are shown. There’s also an option to add their own review or follow the project status. The Project’s name can be clicked to view the specific reviews from other Revain ICO users and a more detailed view of statistical data. Users can toggle between the “Summary,” “Token Dynamic,” and “Reviews,” tab to go directly to the desired part of the project window.
In vo.4 the dashboard’s user interface was improved, especially the design and accessibility. Specific improvements were made on the search tab and button animations. The “Add Review” button was placed at the bottom of the page. Social sharing buttons were also added.
In v0.5 some of these improvements were once more redesigned. The sharing buttons were gone and the “Add Review” button was placed for each project.
Here is a breakdown of specific features and improvements that are implemented in Revain Dashboard v0.5:
- Another 20 cryptocurrency projects. The total number of cryptocurrency listing is now 80.
- There is a new “Buy/Sell” button. Users are redirected to a cryptocurrency exchange platform where they buy or sell the listed cryptocurrency. This is feature is now available for all listings instead of just the Revain token as implemented in previous versions.
- The percentage difference is now available. The percentages show the difference between the ICO price and the current cryptocurrency market price.
- There are viewing options for 24 hours, 1 week, 3 weeks and 1 month.
Before the launch of Revain Dashboard’s v0.5, Revain ICO launched the v0.5 Beta in February. The beta was used to gather community feedback. Features rolled out in the beta release include:
- An expanded project view
- Share widget as an image (Twitter and Facebook)
- Volume/Price sorting in the dashboard
- Cryptocurrency exchange list button for all active projects
Revain ICO has an ongoing Customer Feedback survey created for the evaluation of the Revain Dashboard. The survey takes about 4 minutes and includes questions about the dashboard’s features and about your cryptocurrency project preferences, and what you think about the platform in general.
KuCoin is Listing More Neo Tokens – Find out the Reason Why
The NEO token and blockchain platform was originally designed to improve upon the shortcomings and vulnerabilities in Ethereum’s protocol. Dubbed as the “Chinese Ethereum” or the “Ethereum Killer,” NEO was China’s first ever decentralized and open-source blockchain platform. NEO was first launched as Antshares but was rebranded as NEO in June 2017. The rebranding was announced in front of an audience of 200 in Microsoft’s Beijing headquarters.
The decision for rebranding stems from the company’s desire to renew and bolster their professional image. NEO is derived from the Greek word “neos” that means “new, fresh, and young” – adjectives that the company wants to be associated with.
Even with the comparatively low adoption rate, NEO aims to compete against Ethereum. NEO mainly converts conventional trading assets into digital assets using smart contracts. Aside from smart contract use case, NEO also has a crypto token, GAS that it uses to generate dividends. Holding NEO cryptocurrency in Kucoin and private wallets automatically generate GAS. It is especially advantageous to hold NEO cryptocurrency in Kucoin since it can earn GAS dividends daily.
NEO cryptocurrency’s value is steadily rising, not only in terms of price but also in reputation. Just this January, Kucoin encouraged its users to switch to using NEO cryptocurrency for transfers and withdrawals. Ethereum and other major cryptocurrencies have ongoing issues with network congestion. Kucoin especially called for understanding, stating that the “global Ethereum network is in a jam now.” ERC20 tokens, in general, are affected by this issue so it is wise to actually look for other transfer options.
NEO has had numerous ICO issuances with about 20 ICOs slated this year. Its approach with ICOs is different. To compare it with Ethereum, NEO’s ICO has an entrance fee while Ethereum is a free-for-all. There is an initial requirement of 500 GAS before one can launch an NEO smart contract. This is implemented by the NEO Council to prevent the entry low-quality ICOs and oversaturation of the blockchain.
There’s a strong case for NEO’s network stability and efficiency. That’s why it’s no wonder that Kucoin includes more and more NEO tokens in its cryptocurrency list. Each token in the NEP-5 token standard is unique with unique value propositions. Earlier this year, NEP-5 tokens gained a lot of support from cryptocurrency exchanges. But long before that, Kucoin had been supporting NEP-5 tokens even at the early stages of their release. Until recently, only Kucoin listed NEP-5 tokens, solidifying the cryptocurrency exchanges’ reputation of supporting coins before any other cryptocurrency exchange platform.
The following NEP-5 tokens are included in Kucoin’s cryptocurrency listing.:
- DeepBrainChain (DBC) – Listed December 25, 2017
Decentralized Artificial Intelligence
- Qlink (QLC) – Listed December 29, 2017
Decentralized telecommunications
- THEKEY (TKY) – Listed February 6, 2018
Decentralized Record Keeping
- Red Pulse (RPX) – Listed October 28, 2017
Decentralized Data/Research
- Trinity Network (TNC) – Listed January 22, 2018
State Channel Technology
- Zeepin (ZPT) – Listed January 30, 2018
Decentralized Multimedia Platform
- Alphacat (ACAT) – Listed February 9, 2018
Decentralized Investing/Hedge Fund
Tokens that are yet to be listed in Kucoin:
- APEX (CPX)
Decentralized Data/Research
- Neon Exchange (NEX) –
Decentralized Cryptocurrency Exchange
- Aphelion (APH) –
Decentralized Cryptocurrency exchange
- Concierge (CGE)
Decentralized Travel Booking
- Universal Health Coin (UHC)
Decentralized Healthcare
- PikcioChain (PKC) – Migrated from ERC-20 to NEP-5 token standard
Decentralized Data/Research
Note that this is not an exhaustive cryptocurrency list and some ICOs and tokens may not be included in the list as ICOs are continually issued in the NEO ecosystem. But there are several lessons why listing these NEO tokens can be beneficial for Kucoin. A handful of tokens under the ERC-20 standard had already jumped ship to NEP-5. Aside from network congestion, NEO addresses the most pressing issues that Ethereum is yet to solve in their platform. NEO is secure, convenient, and on the rise.
What do you think of this cryptocurrency list? Should Kucoin list more NEO tokens? Tell us in the comments.
KuCoin Review Is it Legit or a Scam?
Kucoin is the new kid on the block. Kucoin V1.0 went live in August 2017. Its age is a red flag for some and it was first released in Hong Kong amidst China’s banning and crackdowns companies involved in cryptocurrency. These are a just two of the reasons to feel trepidation but in just a short time Kucoin gained a considerable chunk of the crypto market – and it is boldly revolutionary. But the question remains: is Kucoin legit? This Kucoin review would clear that up.
In order to answer this burning question, Kucoin should pass the following guidelines for:
- Legality
- Safety
- Stability
- Competitiveness
- Efficiency
This means that Kucoin needs to shatter all red flags and doubts about their platform. Size, popularity, and crypto market dominance doesn’t always equate profits in cryptocurrency. In the short history of cryptocurrency, there had been notable incidents of fraud, collapse, hacking, and asset mismanagement. This does not include the inherent risks of the industry.
So how does Kucoin stack up? We’ll find out in this Kucoin review.
Kucoin Operation: The Foreign Crypto Market Loophole
There had been an increasing number of governments that are passing more stringent laws to regulate ICOs. Even in the US, the Commodity Futures Trading Commission (CFTC) announced that it will address the issue of cryptocurrency regulation. Regulations like these are two-edged swords that on one hand ensure the security of investments but on the other hand, it can also remove the unique appeal of cryptocurrencies especially in terms of privacy. The issue mostly resides on the lack of international standards regarding cryptocurrency exchanges and blockchain technology innovations.
This is where people have reservations about Kucoin. A majority of Kucoin reviews and forum discussions center around Kucoin’s Hong Kong location and the legalese surrounding its operation. China banned unapproved domestic cryptocurrency activities including new ICOs. Cryptocurrency essentially undermines Chinese government’s control of the economy since cryptocurrency activities are beyond their power. Therefore, the Chinese government isn’t totally against these activities, they are more concerned on how the blockchain technology, in general, can be used to influence the economy, place risks on Chinese citizens, and facilitate illegal activities. China is actually interested in creating a “blockchain ecosystem” that can be used by the government.
Kucoin’s business strategy exploits loopholes in China’s regulations. The Chinese government had recently released new regulations that block any foreign exchanges initiated by their citizens. Kucoin is confident that they can survive any cryptocurrency regulation because they only cater to foreign customers. The risk of closure seems unlikely even with recent crackdowns as blockchain startups continue to make waves in China. Even Chinese industry giant Alibaba and Tencent are looking into developing blockchain capabilities to further explore enhancements for their services.
Kucoin Safety: Multiple Levels of Security
A lot of people fear that Kucoin would be another Binance, but not in a positive way. Just like Kucoin, Binance is based in Hong Kong. Binance recently halted trading, citing the need for system upgrades. A lot of investors feared that there’s something more behind the stoppage with some fearing for the worse. Hacking and denial of service (DDoS) attacks are two of the most common safety breaches in cryptocurrency exchanges and it can cause drastic fluctuations in cryptocurrency prices or even shutdown of the cryptocurrency exchange platform. Though a lot of platforms are prone to these attacks, Binance customers feared that this is the case, sparking withdrawals from the platform.
The lack of transparency often drives customers to question the capacity of the platform to safeguard their investments. Kucoin has two advantages with safety: multi-leveled security system and internal risk control.
Amazon Web Services Cloud is used to build the private network framework that stores micro-withdrawal wallets. Aside from that, the wallets also have multilayered encryption at an industry-level. Macro wallets are stored in banks. All data handling, in general, are secured and encrypted with bank-level security.
Kucoin has departments that tackle internal risk control and operational processes. Just like in banks, the departments follow strict protocols and multi-level transaction reviews. There are more technical aspects of this matter but this Kucoin review would mostly focus on establishing Kucoin exchange’s legitimacy especially in the context of its operation.
Kucoin Stability: Helmed by an Experienced Team
There’s no way to predict if an exchange platform is on the verge of implosion. Even seasoned cryptocurrency enthusiasts are surprised by some high-profile shutdowns in the past months. These shutdowns had put newcomers like Kucoin exchange under close scrutiny. The question had always been stability and survival in the long-run. More than financial stability, Kucoin exchange should prove that it has a stable operational structure.
Even before Kucoin’s launch in 2017, its founding team was working together since 2011. They were first involved in a research on blockchain and related technologies. Kucoin’s technical framework only came into being in 2013 and it took a couple more years before they perfected the cryptocurrency exchange platform’s features and processes.
These team members are passionate about digital currency, especially the blockchain technology. Their backgrounds include leadership roles in top finance and tech industry giants. Kucoin’s CEO, Michael Gan used to work for Ant Financial as a technical expert. Eric Don, the COO used to be the CTO and senior partner of Youling, Fengzheng Lianxian, Ruiyun Wulian and several other IT companies. The CTO, Top Lan, designed and worked on the deployment of Kucoin’s trading system. He’s the technical expert in the Open Source Community. Other members of the Kucoin exchange team also have similar backgrounds, mostly in the internet and IT-related industries.
Kucoin also has a team of consultants and financial stability experts. They secure the platform’s financial system through multi-approach precautions like using three banking centers. These finance experts are also the same team that designed the multilayered financial system that inspired the core exchanging system.
Therefore, the people behind Kucoin have insider knowledge on how cryptocurrency exchange platforms work and how its operation can be sustained.
Kucoin Competitiveness: Dividends and Competitive Rates
Kucoin exchange supports both popular and unique altcoins off the bat. A majority of their 70 tradable coins have low market caps. Some Kucoin reviews question the decision to hold more controversial currencies, but they consider Kucoin’s decision to use crypto-to-crypto currency exchange instead of crypto-to-fiat currency as smart (this somehow polarizes Kucoin reviewers). Kucoin exchange is also building a reputation of offering new trading coin pairs before other cryptocurrency exchange platforms.
Kucoin has one of the lowest trading and withdrawal fees. Trading fees can go as low as 0.1 percent of the assets purchased. There are no deposit fees and there are cryptocurrencies with free withdrawals.
Aside from this, Kucoin also has a native trading token, Kucoin Shares (KCS). KCS tokens are standard ERC-20 tokens based on the Ethereum blockchain. It currently holds an approximate value of US$0.50 with a circulating supply of 100 million tokens at any given time. Kucoin redistributes about 50 percent of their daily trading fee earnings through the KCS Bonus and 40 percent through the referral program.
The KCS Bonus system sees users that hold KCS tokens worth US$1000 receive about US$0.15 daily. The more shares that users hold, the more bonus/dividend share they receive. Kucoin would conduct daily accounting of the KCS Bonus that token holders can receive and load the said bonus directly to the user’s account in the corresponding currency used in the trading transactions. The referral program, on the other hand, enables users to earn more by making referrals and earning a percentage of the invitees trading fees. The more referrals, the more invitation bonus earned. Kocoin exchange reviews immediately pointed out how the referral system (especially with the infographic released by Kucoin exchange) looks very similar to a pyramiding scheme. The similarities end there though. What these Kucoin reviews failed to address is that there are no initial investments involved in the program. All parties involve benefit equally – the users more than Kucoin exchange itself.
The KCS token system is considered as a sound investment, providing a steady passive income opportunity. The KCS token payouts are bound to increase as Kucoin users increase and more trading fees are collected.
Kucoin Efficiency: Intuitive and Fast
Traders that coming from other cryptocurrency exchange platforms will be surprised on the intuitiveness of the Kucoin’s platform. Processes from registration to withdrawal are all straightforward. Only an email address is required for registration. There’s an added layer of protection with the Google 2FA Registration.
There is support for many currency trading pairs that users can register before starting the trading process. Withdrawals are processed within seconds to a few minutes. There is a 24/7 customer service hotline, website, and email support. KuCoin is also highly visible in social media.
A lot of cryptocurrency exchange platforms suffer from bugs and other currency exchange process shortcomings. These bugs and less-than-stellar performance often leave customers frustrated. So far, Kucoin’s operation only experienced minor issues since its launch.
The cryptocurrency exchange platform’s technical performance is backed by a highly-efficient memory-matching technology at the core of its trading engine. This technology is hardware-accelerated with a peak order-making value of more than 2 million per second and a peak order-processing value of more than one million per second. The technology is basically more than a hundred times faster than the average industry standards. There are no lags, no delays.
Kucoin review Conclusion
The main caveat about Kucoin is its age. Its popularity also makes people wary of its legitimacy. A lot of Kucoin reviews from users center on the fear that a simple glitch can be something more. It’s the same with other cryptocurrency exchange platforms. So far, KuCoin’s
But isn’t there really anything that people should be worried about Kucoin? These are key takeaways that shatter the red flags:
- There are clear details on how Kucoin operates.
- The people that operate Kucoin aren’t anonymous.
- The company and contact information are accessible.
- The product/service is functioning.
- The product/service is safe and easy to use.
- The platform’s structure does not manipulate the processes for its own profit.
- The users receive profits.
The conclusion: Kucoin is legit.
Revain is Flying High on Kucoin Exchange
Revain (R) and Kucoin exchange celebrated their shared success with a trade exchange competition
that ended on February 22, 2018. The prices included 160 ETH (distributed to rank 2 to rank 1000
trader) and a grand prize of Lamborghini Huracan Coupe. The giveaway was quite generous even for a
New Year gift. It somehow makes you think of how successful Revain is in Kucoin exchange.
The truth is, Revain is actually one of the most traded coins in Kucoin exchange. Revain’s highest
trading volume ranges from $2-4 million with R/BTC and R/ETH being the highest-performing trading
pairs. This accounts for about 10 – 15 percent of Kucoin exchange’s overall daily trading volume.
The R/BTC trading pair has the highest overall trading volume (67.39%) followed by R/ETH (32.60%).
The R/BTC trading pair’s highest trading volume comes from Kucoin exchange (86.73%) followed by
Cryptopia (9.97%) and then Bitflit (3.28%). R’s overall trading volume range is $19,600,000. Its price
across markets is at a steady BTC 0.0002200 – 0.0002280 range (US$2+).
But what accounts for Revain’s success in Kucoin exchange? Revain is also relatively new, starting in
April 2017. It is the first ever non-third- party review platform that is built with blockchain technology.
Revain covers reviews on ICOs, cryptocurrency exchanges, e-commerce, and FMCGs.
The Currency Exchange Platform behind Revain’s Success
Revain’s R token is an ERC-20 token based on the Ethereum blockchain. It was used for the Revain
platform’s ICO issuance and for cryptocurrency trade exchange. Revain also has an exclusive native
token, RVN that is used to reward or penalize users (both individuals and companies) based on the
quality of their reviews in the platform’s review mechanism. The RVN tokens are assigned with a
value of 0.0001 BTC and can be exchanged for R tokens and traded outside the platform.
The R token can be bought, sold, and traded in 13 other cryptocurrency exchange platforms. It is
currently ranked 47 with a market cap of US$404.73 million and a circulating supply of 184,450,000 R.
Early in February 2018, Revain was listed in OKEx, considered to be one of the world’s largest
cryptocurrency exchanges. Since then, OKEx had been going toe-to- toe with Kucoin exchange in terms
of R trading volume. What’s amazing about this is that OKEx ranks on top in terms of trading volume
while Kucoin exchange isn’t even on top 10.
This means a lot not only for Revain but for other low-market cap and/or emerging cryptocurrencies.
Cryptocurrency exchange platforms like OKEx, though large with an average US$1,500,000,000 overall
trading volume, isn’t very advantageous for smaller cryptocurrencies. A majority of OKEx’s trading
volume is from currencies like Bitcoin (BTC) and Etherium (ETH). In Kucoin exchange, on the other
hand, cryptocurrencies like Revain (R), Dent (DENT), and Zeepin (ZPT) thrive.
KuCoin exchange itself is an emerging force in the industry and it seems that is set to the path of being
“the next big thing.” What makes this success sweeter is that a lot of cryptocurrencies, traders, and
users share that success with Kucoin exchange.
A Beginner’s Guide to Buying KuCoin Shares KCS
Kucoin, “The People’s Exchange” started strong in 2017 and hadn’t lost momentum since then. But even with the impressive performance, Kucoin does not settle. The company has an ambitious goal of becoming one of the top 10 hottest cryptocurrency exchange platforms in the world. Kucoin is confident that they will achieve this goal by June 2019. And of the ways they want to achieve this is through the Kucoin KCS coin.
Another goal of the Kucoin team is to release a decentralized cryptocurrency exchange system gas with Kucoin Shares (KCS) as its core fuel. With their current performance, Kucoin is set to achieve these goals within their expected timeline and it would be advantageous for traders to be a part of this before it happens. The best way to do this is to buy Kucoin Shares.
One of the biggest advantages of the KCS coins is that it is not influenced by the value of cryptocurrencies traded within the platform. It is not a unique system but its implementation is. Kucoin’s handling of Kucoin Shares is also stable and secure, ensuring that it will grow as the cryptocurrency exchange platform grows. Kucoin Shares has a lot of potentials and it’s just getting started.
How Kucoin Shares (KCS) Works
Kucoin Shares (KCS) is specially designed for the KuCoin cryptocurrency exchange platform. KCS coins are standard ERC-20 tokens based on the Ethereum blockchain. It’s the basis for the Kucoin Shares Bonus system which accounts for 50 percent of the total trading fee earned by the cryptocurrency exchange platform on a daily basis. There are two main advantages to owning KCS coins:
- You can get dividends and earn passive income in the process.
- Diversification of your cryptocurrency portfolio.
Another advantage is the discount on trading fees. For every 1,000 Kucoin Shares you hold, you get a 1% trading fee discount. The more KCS coins you hold, the higher discounts you receive. You can also get a maximum of 30 percent discount on trading fees (hypothetically). But you need to have about half a million dollars’ worth of Kucoin Shares in order to enjoy the hypothetical 30 percent discount in trading fees. Nevertheless, KCS coins are a good investment. Not to mention that tokens aren’t just the only way to earn bonuses. Kucoin redistributes another 40 percent of the trading fees through their referral program.
Buying KCS coins may seem daunting especially with all the steps that need to be followed. But soon enough you’ll notice that the process is almost identical across different cryptocurrency cryptocurrency exchange platforms. Just get yourself familiar with key processes and the cryptocurrency exchange platform’s interface.
Buying Kucoin Shares (KCS)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Change (CAG)
- Dash (DASH)
- Ethereum (ETH)
- Modum (MOD)
- NEO and GAS
- Red Pulse (RPX)
- Tethers (USDT)
- You can get dividends and earn passive income in the process.
- Diversification of your cryptocurrency portfolio.
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Change (CAG)
- Dash (DASH)
- Ethereum (ETH)
- Modum (MOD)
- NEO and GAS
- Red Pulse (RPX)
- Tethers (USDT)
- After purchasing ETH coins in Coinbase head back to Kucoin to either sign up or sign in.
- Next, set-up a Google 2FA authentication before depositing ETH coins on your account. Click “Google 2-Step” on the left-hand sidebar of the interface. Follow the instructions.
- After the authentication process, select “Assets” and search for Ethereum (ETH). Select “Deposit”.
- You will then be given a wallet address where you can deposit your ETH. Copy this address.
- Return to Coinbase and head to the “Accounts” menu. Click the “Send” button under Etherium.
- A dialog box prompt will appear. Paste the wallet address from Kucoin on the “Recipient” box. Specify the amount you wish to send. Click “Continue.” You may be asked to confirm your login.
- You may have to wait for up to an hour for the coins to appear in your Kucoin wallet. A notification email will be sent once the coins are loaded in your wallet. You can then exchange your ETH coins for KCS tokens.
- Head to Kucoin’s KCS/ETH exchange marketplace. You can exchange coins on the “Buy/Sell” window on the lower right corner. But before you can go further, you need to once again generate 2-factor authentication (Kucoin requires this for deposits, trading, and withdrawals) and enable it.
- You can first check the current price and the amount of KCS tokens you can purchase with your Ethereum. On the “Buy KCS” option there are “Price” and “Amount” boxes. Click “Best Price” on the “Price” box to append the lowest possible KCS purchase price. Click “Max” on the “Amount” box to append the maximum amount of KCS you can purchase at the lowest price.
- Use the provided slider to control the percentage of Ethereum you want to spend or manually input the amount of KCS you want to purchase. Once you’re done, click “Buy.”
- Your newly purchased KCS tokens would immediately appear on the “Available KCS” under the “Sell KCS” option.
- Use your Coinbase account to log in to GDAX.
- Verify your identity (you can perform this step in Coinbase beforehand) with a scan of your valid ID. You may need to wait for a couple of hours before you are verified.
- Go to GDAX’s Order Form and click “Deposit.”
- On the “Deposit Funds” menu select the “Coinbase Account” tab. Under “Source” enter your Coinbase ETH wallet address.
- Enter the amount of ETH and then click the “Deposit Funds” button.
- Once the coins are loaded head back to the Order Form and select “Withdraw” this time.
- On the “Withdraw Funds” menu select the “ETH Adress” tab and enter your Kucoin ETH wallet address under “Destination.”
- Enter the 2-Factor Code and click “Withdraw Funds.”
- Go to myetherwallet.com and create an account. Make sure that you won’t forget your password. This can cause you to lose your coins.
- Create a new wallet in the “New Wallet” tab.
- On the next prompt, click “Download Keystore File.” Head the warnings especially the part about creating a backup.
- After you click “I understand. Continue,” you will then have access to your wallet’s private key.
- You can print a “Paper Wallet” so you’ll have access to necessary information about your digital wallet. You can also print your private key as a last line of defense in case your wallet’s data get compromised.
- Click “Save your Address.”
- Unlock your wallet by uploading your Keystore File, entering your password or using a hardware wallet.
- Copy the string of characters under “Your Address”. This will be your wallet’s address. This unique address is used as an identifier where KCS tokens can be sent.
- Next, purchase KCS tokens by exchanging it with ETH coins. Follow the steps in purchasing KCS tokens detailed earlier in the guide.
- You can then withdraw your newly-purchased KCS tokens to your personal wallet. Go to your Kucoin account and select “Assets”. Select your KCS tokens and select “Withdraw.” Enter your MyEtherWallet address and then the number of tokens you want to withdraw. Enter the 2-step authentication code and then click “Confirm.” Withdrawals only take a few seconds to a couple of minutes. You will receive a confirmation email once the withdrawal is confirmed.
- This may sound like a no-brainer but it’s always wise not to share your private key with anyone.
- Store the key in a safe location. It is advisable to remove all references or digital trail of your private key from any of your computers and devices. This is to protect your private key and in turn, digital wallet from any malicious attacks aimed at your computer.
- Use a hardware wallet. A hardware wallet is basically a physical device that acts as an encrypted repository for your digital wallet’s private key. You just need to plug in the device and you’re good to go. You no longer need to manually enter your private key. Ledger and Trezor are just two of the most popular companies that manufacture hardware wallets that support KCS tokens.
- Only send your KCS tokens to wallets that support them. You will lose your KCS tokens forever if you send them to unsupported wallets.