What is KuCoin?
KuCoin is an international, decentralized cryptocurrency exchange platform that supports more than 200 digital assets. It boasts a platform equipped with high – level of security and a friendly user – interface.
The KuCoin platform has set out a network where users and holders gain a significant share of the marketplace.
The Special Features of KuCoin
KuCoin is getting more international recognition due to its low trading transaction fees and no deposit fees plus. The core team strives to separate its platform from other cryptocurrency exchanges by putting up the following special features below:
- No deposit fees
- Bank – level security for digital assets
- Powerful application programming interface (API)
- Consultant team that is comprised with financial experts
- Trading fee discount – if a user holds a certain amount of KCS tokens in his account when placing orders to trade, this will lower the fee. The KuCoin platform takes a screenshot of a user’s holdings every day at 00:00 (UTC +8). The discount rate will be available after an hour and lasts until the next snapshot so you better hurry to benefit from it.
- Exclusive rights – if a user holds a certain amount of KCS tokens in his account, he will gain access on special features and services such as one – on – one investment consultations, customer service fast – pass, etc. (however, the amount of KCS tokens in order to gain access is not specified)
- Daily bonus – to acquire the daily bonus, users must deposit tokens to the KCS platform. The platform will then conduct accounting and reward bonus based on to the holdings in the user’s account at 00:00 (UTC +8) that day and all the trading fees charged on the preceding day. The daily bonus is directly deposited to the user’s KCS account in its equivalent currency.
- Incentive bonus – if a user holds KCS tokens on his account, he will be rewarded with an incentive bonus which is equivalent to 50% of the total trading fees charged by KuCoin.
- Invitation bonus – users who successfully invite individuals to register and trade on the KuCoin Shares platform will receive a bonus. Plus, users who send the invitation code will receive a portion of the trading fee/s accumulated by the invitee. This feature has a pyramid effect, a user can accumulate invitation bonuses for the traders (that you have invited) invites.
- GAS airdrop – users who hold NEO crypto coins on their KuCoin account, they can be rewarded with GAS crypto coins and the counting starts every midnight (as of now, the GAS coin reward ratio stands at 0.03%, it also depends on the NEO block chain which changes every day). In order to get GAS rewards, an account must have an activated Google two – step verification and more than 0.000000001.
- Financial System Stability – KuCoin has high levels of stability specifically reserved for the financing sector. The underlying financial system has consists of multi – cluster and multilayer architecture.
- Financial security – KuCoin Shares wallets are backed up with multiple security levels to fit the storage scale in query; standard transfer encryption protocol for data transfer layers where user data and sensitive data stored on a bank – level data encryption; and a multifactor dynamic authentication.
- Operational security – this feature consist of an internal risk control department and a security for operational processes. Each department have strict standards for using data that involves multi – level reviews plus approval and other operations.
- Micro – withdrawal wallets – these wallets are stored in a private network architecture built in Amazon Web Services Cloud – this allows the wallets to make use of the Cloud’s multilayer firewall and industry – level multilayer encryption.
- Fast – processing withdrawals – withdrawals at small amounts are processed in seconds while large amounts takes up to 10 minutes only. On the other hand, deposits are processed for just 2 minutes.Core Trading Engine with Million – Level Throughput – the memory – matching technology is accelerated by the hardware. The peak order – making value of this technology is 2 million per second with a peak order – processing value of 1 million per second. This feature results to no delays and lags during the core order process even during the crypto market boom.
- Commission incentives – most of KuCoin Shares commission is rewarded to active users who invest, exchange, and promote the platform
- 24/7 customer service support – the customer service support team can be reached via their official website, email: firstname.lastname@example.org, and even on hotline.
- Exclusive KuCoin Shares holder rights
- Numerous KCS trading pairs – the platform uses an fundamental block chain technology that supports numerous crypto trading pairs with various ERC – 20 compliant tokens.
What are KuCoin Shares?
KuCoin Shares (KCS) is the cryptocurrecy token issued by KuCoin.com platform. It serves as the native payment system and acts as the internal currency where users also profit from the success of the network.
The platform takes into account the amount of KuCoin Shares users hold during coin distribution; the more KuCoin Shares a user hold, the more dividends a user will receive such as the following:
- Trading fee discount – get at least 1% (up to 30%) discount on your trading fee of every 1,000 KCS a user holds.
- Pays dividends to users – 50% of all trading fee transactions paid by KCS users per day is set aside for holders and equally distributed among all KuCoin Shares tokens.
A few tokens may not have much of a difference, but it is believed that users who have more KCS tokens benefit more from the platform.
What is the Potential Price of KuCoin Shares (KCS)?
KuCoin Shares (KCS) 10% network profit is applied every quarter to the buy-back of the cryptocurrency platform. As a cryptocurrency coin, KCS has dramatically increased in value since its official founding, becoming quite a success with its own rights. For the record, as of January 2018, the KCS tokens cost more than $17 USD which makes it a significant holding
Having said that, we have provided the tables below that indicates the potential price of KuCoin Shares (KCS) (the potential price is updated for not less than five minutes with the latest prices via the smart technical analysis):
|KCS Token Information||Details|
|Token Type||ERC – 20|
|Proof Type||Not Mineable|
|Token Price||$1.98 USD (0.00031009 BTC/ 0.00434610 ETH)|
|Price in ICO||$0.197326 USD|
|KCS Token Investment Information||Details|
|Market Capitalization||$179,301,764 USD (28,135 BTC/394,324 ETH)|
|Market Capitalization Rank||#67|
|Available KCS Supply||90,730,600 KCS|
|Circulating KCS Supply||90,730,576 KCS|
|Total KCS Supply||180,730,576 KCS|
|Trading Volume (24 Hours)||$1,108,260 USD (173.90 BTC/2,437 ETH)|
|Today’s Open||$1.99 Million USD|
|Trading Volume (24 Hours High)||$2.06 Million USD|
|Trading Volume (24 Hours Low)||$1.95 Million USD|
|Trading Volume (24 Hours) Percentage||+0.83%|
|Return of Investment (ROI)||+906.68%|
List of KuCoin Shares (KCS) Trading Exchange Sites
KuCoin (KCS) is currently rank 29 based on its daily trading volume (KCS daily trading volume is $53,526,736) and more than 12% of it goes to the trading currency pair. As of the moment, you are able to trade for the following legitimate trading exchange sites that honor KuCoin Shares:
NOTE: The exact price of KuCoin Shares vary depending on the trading pair. This factor should be taken into account whenever you buy and/or sell KCS tokens.
KuCoin (KCS) ICO Profile Information
The ICO abbreviation stands for “Initial Currency Offering” or “Initial Coin Offering”. Initial Coin Offering refers to an individual who offers potential investors some units of a new cryptocurrency platform or a new crypto – token in exchange of legal tender or other cryptocurrencies.
This unregulated way of crowdfunding is used for the development of new cryptocurrency endeavors. An ICO is typically used as a source of capital by company startups to avoid the demanding procedures required by financial institutions such as banks.
KuCoin Shares (KCS) Initial Coin Offering (ICO) transpired in three stages:
- First stage – ICO accounted for 70 million KCS tokens (35%) issued by the founding people
- Second stage – ICO accounted for 30 million KCS tokens (15%) issued by the angel investors, consultants, and industry experts.
- Third stage – ICO accounted for 100 million KCS tokens (50%) issued by the public users
The Team behind KuCoin
KuCoin (KCS) was initially based in China, however, the government banned the country from digital currency and assets exchanges. Now, the cryptocurrency exchange platform is based in Hong Kong.
The core team comprised of block chain and crypto enthusiasts, who already had years of experience in the industry’s giants such as Ant Financial, Jianbang Communications, etc. Without further ado, here are the key people behind KuCoin Shares (KCS):
- Michael Gan – founder and chief executive officer (CEO). Gan also happened to be a former technical expert of the Ant Financial of Alibaba Group and a senior partner of internet giants like KF5.com, MikeCRM, etc.
- Erin Don – works as a chief of operations officer (COO); Don is also a senior internet researcher, systems architect, and an industry expert. He also works as a chief technology officer (CTO) and senior partner of prominent information technology (IT) companies like youlin.com, reiniot, and kiteme.
- Top Lan – works as a chief technology officer (CTO), designer, and deployer in KuCoin Share’s financial exchange system; Lan is an open source technical expert. He is also a manager of several mainstream open source projects in Github.
- John Li – works as a president of KCS business operations group
- Jack Zhu – works as a marketing director
- Kent Li – works as an operations director
- Remy Ran – works as a product designer
- D.K. – works as an art designer
- Luffy – works as a principal iOS engineer
- Will Zhang – works as a principal Android engineer
- Luka – works as a principal backend engineer
- Vitace – works as a principal frontend engineer
The KuCoin Road Plan
The KuCoin Shares core team aim to bring a cryptocurrency platform where users will benefit a generous amount of passive income (and many other features and benefits). With that being said, below is a glimpse of KCS road plan to development:
- The co-founders started researching on block chain technology and improved the technical infrastructure of KuCoin.
- KuCoin has received an angel investment from the consultant team
- First version of KuCoin.com has been officially launched
- KuCoin mobile application for both Google Android and Apple iOS users has been released
- Placed top 19 on the trading volume
- KuCoin Shares version 2.0 platform with new trading features has been officially released
The KuCoin Project
The KuCoin Shares (KCS) core team always aims to provide users and holders with highly secured and hassle-free method of converting currencies on an ultramodern platform. While KCS is relatively new, the founding people have been conducting extensive R&D (research and development) to the block chain technology as well as the platform’s technical architecture.
Having said that, here are the highly-anticipated projects of KCS for the years to come:
- To provide KuCoin Share’s block chain information platform
- To officially start a global community project
- Fiat currency to cryptocurrency (and vice versa) to be made available
- New special features to be added
- Founders will soon be able to sell and/or assign their KuCoin Shares holdings
- KuCoin Social feature to be added
- Big data platform for the block chain technology project to be released
- To be one of the top 10 hottest exchange platforms worldwide
- To target a volume of 50,000 bitcoins (BTC) per day
- To target a volume of 100,000 bitcoins (BTC) per day
- On September 2, 2019, the 2-year lockup period for angel investors and consultants will end
- To target a volume of 300,000 bitcoins (BTC) per day
- KuCoin Shares block chain protocol test network to go live
- KuCoin Shares to become a decentralized crypto exchange
Given all these pointers, even though KuCoin Shares is a relatively new cryptocurrency exchange, it has been in a work in progress for years. The founding people having enthusiasm in the block chain technology, cryptocurrency, and digital assets for as early as 2011.
With the competitive trading pairs, withdrawal fees, and lack of fees for deposits, and bountiful of bonuses, KuCoin Shares is ready to be one of the leading cryptocurrency exchanges today.
The realm of cryptocurrency is surprisingly growing every day. Thousands of crypto tokens were released, and more ICO projects are still, yet to come. Along with this massive development is the emergence of different trading sites aiming to catch the attention and interest of most coin traders. The question now is which among them are worth trading with.
One of the most promising market exchanges today is KuCoin. It may be newer in the field but has shown already signs of becoming on top.
What is KuCoin Exchange?
It is a well-known platform led by Mr. Michael Gan. The founding members of KuCoin underwent blockchain researches since the year 2011. Two years later, tech structure for this exchange was completed. It was May last year when the overall research team was assembled. KuCoin V1.0 was released three months later which was August 18, 2017, to be exact. After this launch, Bonus mechanics, coin listing, and KuCoin Apps followed.
You can find a large quantity of listed cryptocurrencies on KuCoin exchange. Trade while earning dividend through KCS holdings. The more you deposit, the more profits you’ll receive. Its platform can be set into different languages. Thirteen languages to choose from including English,
KuCoin offers lower fees compared to other exchanges. Deposit is of for zero fees. Exchange fees are minimal, only 0.1% of the trade amount. The withdrawal transaction fees are not fixed since it will depend on the system of coins.
There is no KuCoin withdrawal limit, but large withdrawals will be verified manually (10 000 * withdrawal fee size). KuCoin is now working on the system to drop the limitation.
Behold: Program for Referral is back!
Kucoin referral program is re-opened last May month. It is, I believed an effective way to engage investors, traders and users to get into the platform. Users can get more earnings with this program. To receive referral incentives, you will be using the given invitational link found on your account. Invite a friend or anyone you know to register on KuCoin. The referral program will start as soon as the invitee completed the initial order and will end a year after. The invitee can now begin welcoming others too!
The bonus is based on the transaction amount, transaction fee and bonus rates. Inviter will receive 20% bonus from invitee level A, 12% on B and 8% on C. KuCoin issues bonus in every 2 hours and can be saved on wallet easily.
It is used to incentivize users and to pay transaction fees. This token is subject to everyday dividends with 50% being paid back to holders. It will continuously offer extensive opportunities for anyone in a quest for a significant investment.
Initially, it was distributed in KuCoin ICO to raises fund for future developmental projects. ICO started on August 13 and ended on September 01. One KCS was traded in exchange for 0.00005500 BTC.
KCS is presently trading at USD 3.00 with a market capitalization of USD 33,376,449. It’s still a good status for a crypto coin though.
These past few days, KuCoin exchange has made a lot of improvements and changes for the progress of the platform.
KuCoin added two more language options, Turkish and Vietnamese. It has also completed the maintenance and upgrading of the referral bonus distribution system. KuCoin bonus was enhanced as well but returned normal for NEO and KCS holders. The company changed the deduction method of withdrawal charges to be subtracted from the balance.
There are some changes on KuCoin iOS App too! Just like on the website, you can now use the app in Turkish and Vietnamese languages. App designers have added a feature on safety word setting. The Candlestick Charts has been improved, and the deduction method of withdrawal fees has also been changed. The trading interface was upgraded. Automatic Google two-step verification code paste was enabled. KuCoin enabled again setting of security questions in this app. Account users can adjust the language and exchange rate in the settings even if log out.
All updates on KuCoin Android App are the same on KuCoin iOS App.
Descriptions and Features of KuCoin
KuCoin was created in Hong Kong and was released last year. It is an exchange site for many listed cryptocurrencies where users can trade their coins while earning dividends. The team strives hard to move KuCoin ahead from other comparable cryptocurrency trading platform using exceptional features.
- The significant number of great and aspirant crypto assets listed on the platform- KuCoin uses blockchain which supports an infinite number of cryptocurrencies and trading pairs. KuCoin continues expanding. New coins are added to the list including MANA, ABT, WPR, APH, BRD, SRN, TOMO, MAN, CHP, SHL, LALA, OPEN, DATx, IOTX, MOBI, BABB, and QKC.
- Powerful Application Programming Interface
- Active Customer Support- There is a 24/7 service team that assist all users. You can connect with them through the website, email, hotline and other useful means.
- Best and Most Professional Team- KuCoin has great founders, core members, consultant, advisors, and finance experts. All members have long years of experience in cryptocurrency and blockchain industries. Most of them have worked on \leadership positions in various companies.
- Stable Finance System
- Safekeeping of Assets- All KuCoin wallets are stored in a safe place with multi-levels of security. Macro-wallets are securely saved in protected banks.
- Fast Transaction Processes- Deposits can be made in 2 minutes. Large withdrawals are processed in approximately ten minutes while small withdrawals are completed in seconds.
- Operation Techniques and Strategies= KuCoin offers reward, bonus, incentives, and commissions which attract many users to participate on the platform.
- Re-opened Referral Program- All account users have an invitational link that they can use to engage and refer a friend to join KuCoin. This program is valid for one year and will start on the day invitee complete the first order.
KuCoin Shares is presently trading at USD 2.97 with the market capitalization of USD 33,035,251. With this current KuCoin price, we can observe that the platform is trying to recover from significant loss based on January status, the month when KCS had Bull Run.
KuCoin exchange, on the previous month, became active on listing cryptocurrencies. Some of the newly added tokens are Mobius (MOBI), IoTeX (IOTX), DATx (DATX), OPEN Platform (OPEN), LALA World (LALA), Oyster Shell (SHL), CoinPoker (CHP), MATRIX AI Network (MAN), TomoChain (TOMO), SIRIN LABS Token (SRN), Bread (BRD), Aphelion (APH), WePower (WPR), Arcblock (ABT) and Decentraland (MANA).
About KuCoin Exchange
KuCoin is a unique platform for major and minor cryptocurrencies trading since 2017. KuCoin coin is formally called as KuCoin Shares. You will receive dividend by merely holding KCS. Each member will receive a bonus based on the amount of KCS they are carrying. Only those who deposited KCS to KuCoin are qualified to receive the bonus. The full customer supports are very determined by providing all users’ needs. The team gives round the clock services through different channels like website, emails, hotlines, etc.
KuCoin is an affordable exchange for it offers low transaction fees. Withdrawals fees are free for some currencies like NEO and GAS while others are in very low charges. Deposit fees are entirely for free!
KuCoin Roadmap and Improvement Plan
- May 2017 – KuCoin’s initial fund and the primary team were completed and had started the project.
- August 2017 – The Company has released KuCoin whitepaper and has launched KuCoin ICO. KuCoin opened Bonus and API endpoints to the public and listed multiple popular cryptocurrencies.
- September 2017 – KuCoin has started promotional and marketing campaign during this period.
- November 2017 – It is the launching month of KuCoin apps. KuCoin IOS and Android applications are both readily available for downloading.
- December 2017 – The KuCoin has listed more than fifty trading pairs with expected daily exchange volume of 5,000+ of BTC.
- June 2018 – Cryptocurrency’s features for pair self-releasing will be available.
- December 2018 – By this month, 1000 or more cryptocurrencies are expected to get listed with daily exchange volume is 100,000+ of BTC. As of now, KuCoin has already listed hundreds of different crypto coins and still counting to reach its goal.
- June 2019 – KuCoin aims to have a place for the top ten global cryptocurrency marketing platforms.
The KuCoin Primary Team Members and Their Contributions
CEO Michael Gan introduced KuCoin. Along with him is Eric Don. The team also has Top Lan as its CTO member. Lan helps on designing and deploying of KuCoin financial system. Kent Li is the Operations Director and architects of different internet giants. John Lee manages more than thirty China’s service centers using his finance knowledge. Jack Zhu directs all marketing matters. He oversees more than three hundreds marketing employees. Linda Lin serves as KuCoin Chief legal consultant.
KuCoin exchange is always open for all traders who are in the quest for a safe and up-to-date platform between cryptocurrencies. It is created to serve every user securely and protectively in speedy transaction time. KuCoin is specifically designed to allow everyone gain access to financial markets. The team works hard to provide the best trading experiences and will continue adding more useful KuCoin features.
KuCoin pleasantly announced that they just added two more languages in the platform. These are Tiếng Việt (Vietnamese) and Türkçe (Turkish) making a total of 13 available languages. Language settings are located in the upper right corner of the website.
KuCoin: Background History and General Information
KuCoin has offices basely most in Hongkong. It was introduced on the 15th of September last year. It runs only in a crypto-to-crypto format. You can never trade fiat currencies inside KuCoin. Users usually go to other platforms that accept fiat, exchange it for BTC or ETH then enter KuCoin.
The team is committed to R&D technologies and has planned on releasing more features soon. KuCoin provides special privileges like Fast-Pass consumer support and consultation exclusively for KCS holders who reached certain levels.
Some of the cryptocurrencies that are already listed are Bitcoin, LALA World, Credits, I-House Token, TomoChain, Sirin Labs Token, BABB, Oyster Shell, CoinPoker, KickCoin, Aphelion, NEO, Ethereum, Dock, Mobius, Wanchain, DENT, SingularityNET, Revain, IoTeX, OPEN Platform, MATRIX AI Network and lots more.
The KCS Tokens
KuCoin supplied KCS which stand for KuCoin Shares. It is designed on Ethereum basis and was created to support Ethereum wallet.
KuCoin conducts counting at 0:00 (UTC+8) daily. A bonus will be automatically placed on KuCoin user accounts. Trading fees can be lowered through holding a KCS too! This strategy will boost user’s engagement and participation in the platform.
KCS can be traded on KuCoin with trading pairs like NEO/KCS, LTC/KCS, PRL/KCS, TKY/KCS, CS/KCS, DRGN/KCS, OCN/KCS, RPX/KCS, BCH/KCS, ETC/KCS and GAS/KCS.
Advantages Brought by KuCoin Platform
The trading system implemented efficient and hardware accelerated memory matching technology which has two million+/second order-making peak values and one million+/second order-processing value. The speed is thousands of times the average market standard guaranteeing fast and no lag processes even the market expands.
KuCoin exchange has advanced multiple layers and cluster architectures. KuCoin has applied a bank level disaster-proof system which has three centers and 2 locations that can simultaneously manage many tasks in different places. It will protect the system and help remain stable in times of natural disaster and hardware failure.
KuCoin system levels are all built with standard financing levels. Transactions are provided with maximum protection as well. KuCoin wallets have multi-level of storage securities, and all operations need strict approvals by internal regulatory procedures.
KuCoin is a multi-lingual platform; therefore, it can reach millions of traders from different cultures and dialects. The added languages today can extend the quantity of loyal KuCoin users.
In just a short span since KuCoin was established, I, have witnessed how KuCoin bloomed from a small platform into a significant trading exchange now. The system managed to be noticed despite many competitors in the market. I will not be surprised if one day, KuCoin became the number one trading site in the world.
KuCoin exchange is a marketplace where hundreds of distinctive coins and tokens are traded. Coins with excellent community assistance, stable coins, and broad potentials are more likely to get listed. Some of the currencies already available are ETH, IOTX, OPEN, BTC, SHL, ZIL, CXO, OCN, TEL, RPX, DRGN and many more. It guarantees reasonable and secure crypto trading.
It is an economically wise investment since KuCoin gives 90% of the overall trading fees back to users. Half are distributed coin holders and forty percent are allotted to Invitational programs. The platform keeps the remaining 10% of trading charges.
The KuCoin Shares (KCS)
It is the official token released by KuCoin and the main fuel for exchange system. It is an ERC-20 token which supports all Ethereum wallets. It is a decentralized cryptocurrency based on Ethereum Blockchain.
KCS had its bull run as the year 2018 started and reached the highest value worth $20.61 USD (January 11). As of this writing, KuCoin price is $2.78 USD with a market capitalization of $30,952,313 USD.
KuCoin Registration Guidelines
- Sign-up for free on KuCoin site.
- Go to your e-mail address and click the received activation link.
- Create additional security. The account is all set for buying and selling, yet I recommend you to facilitate 2-factor authentications as added protection.
Select “Google 2-Step” and then follow the provided steps.
- It is now ready for adding fund assets on the account. To get an analytical summary of future coins, click “Assets”. Search (CTRL+F) for coins you wish to transfer. Select “Deposit” and then copy the given address.
- The user may start on KuCoin login to transfer the crypto coins inside the platform. To send crypto coins, use the address saved on step four.
- Welcome to the KuCoin trading platform! To start trading, click “Markets” located on the top menu. Choose the desired trading pairs.
- Monitor the trading windows’ overview and GUI by clicking the image there. Enable trade function using two-factor KuCoin App.
It provides a mobile KuCoin app available for Android and iOS only.
Users can earn additional income by engaging friends to join KuCoin. Click the “Explore” – “Invitation Bonus” on upper menu. Copy and spread the affiliation link.
KuCoin Founding Team
KuCoin pioneers began in-depth exploration on blockchain technologies in 2011 and appropriately created technological structures in the year 2013. With the reputable and expandable technical architecture into position, KuCoin workforce stepped into cryptocurrency trade business in 2017, helping the market and people with outstanding services and versatile function strategies.
One of the great founders of KuCoin is Mr. Michael Gan. He acts as the Chief Executive Officer and earned his wide experiences on financial solutions and different internet giants. Other co-founding members are Eric Don, John Lee, Kent Li, Linda Lin and Jack Zhu.
KuCoin group is focused on R&D blockchain technology and is prepared to launch all decentralized exchange attributes down the road. With the visible progress, KuCoin exchange is considered as the best trading site for any cryptocurrencies.
So you may have heard of Kucoin exchange already. Kucoin exchange is steadily rising in the ranks both in trading volume and popularity. That means that you’ve also heard about Kucoin shares, Kucoin’s native cryptocurrency. You just buy and hold some tokens and then you’re going to receive daily dividends (Kucoin Shares Bonus) from 50 percent of collected trading fees. It sounds so simple, right?
But can Kucoin shares give you more value? The answer is YES. To give you more of an idea of what you gain, here’s KCS value potential:
- Potential to grow investment value in just a few months.
- Assurance of investment security with Kucoin shares.
- Exclusive perks for holding Kucoin shares.
Let’s look closer on how this potential investment growth can happen and how you can maximize this potential.
Multiplying KCS Value
The key to increasing Kucoin shares dividends is to increase the volume of cryptocurrency exchanges. The value of KCS steadily multiplied since its inception but this is bound to increase in the next few months due to Kucoin’s increasing popularity. Kucoin went up from ranking below 100 to ranking number 25 in just a month. Also, a lot of cryptocurrencies that Kucoin support is rapidly growing.
But how can your KCS token investment triple? There are two ways: through daily dividends and invitation bonus. You know that already, right? There’s more to it, though.
Kucoin’s trading fee is 0.1 percent for both buying and selling. The current daily overall trading volume is approximately US$200 million. This means that about US$200,000 worth of Kucoin shares tokens are distributed to KCS holders every day. Each Kucoin bonus is directly loaded to wallets in the corresponding exchange currency. Here is the example is given by Kucoin:
“For instance, If ETH-BTC cryptocurrency pair rate is 0.063 on the platform and the daily exchange volume is 30,000 BTC; based on the 0.1% rate from each side, the platform shall charge 30 BTC and 476 ETH as trading fees. The Kucoin bonus for every 10,000 holdings would be 10,000 by 100,000,000 (0.01%). So that the daily Kucoin bonus from this cryptocurrency pair is 0.003 BTC and 0.0476 ETH (1 BTC and 17 ETH annually).”
The process is the same with other cryptocurrency pairs. Because of this system, the number of users directly or indirectly affect the price of KCS tokens. The price increased from 70 cents to US$20 as Kucoin’s users increased to 500,000.
You can make owning KCS tokens more profitable by taking advantage of the endless potential of the registration invite links. You can actually receive direct and indirect promotion bonus in a pyramiding style setup. First, you send registration invite links and QR code to your friend or family. You will receive a direct bonus for every friend or family that registered using your link. That doesn’t end there, though. You also receive an indirect bonus for any person that your friends and family successfully invite to Kucoin and so on. The key is to invite as many people as you can and encourage them to also invite others to join. In the end, you all benefit with percentages of your invitees’ trading fees.
KCS Security Assurances
The increase in dividend yield would attract more people to register, increasing KCS price. KCS holder receives a higher percentage of dividends from newly listed coins compared to established and high-volume coins. As Kucoin exchange grows, the value of the dividend grows.
But what about the planned reduction of dividend percentage? There’s indeed a planned reduction of trading fees that are redistributed through KCS bonuses. About 50 percent of trading fees are currently redistributed but as Kucoin exchange’s growth continues as it is now, the percentage would slowly be reduced until only 15 percent of trading fees are redistributed. So would Kucoin shares still be profitable?
The answer is yes. The reduction won’t be for a few months and even then, Kucoin exchange’s overall trade volume would be so high that it would negate the reduction altogether.
Additionally, Kucoin exchange places safety measures that ensure that KCS won’t implode. This include:
- Kucoin exchange founders don’t receive dividends from the Kucoin shares they hold.
- The founders issued 35 percent for the first phase of the KCS ICO. This is worth 70 million. There is a four-year lock-up period for this amount. They can sell their KCS in September 2018 but there are limitations to the amount they can sell. They can’t sell “25% of their largest historical exchange volume in 365 natural days” until the year 2021.
- There is also a two-year lock-up period for the second phase issuance of 15 percent by angel investors. The investors can only sell 50 percent of their 30 million holdings in September 2018 and the rest at the end of the lock-up period in 2019.
- Each quarter, about 10 percent of Kucoin exchange’s net profit is set aside for buying-back KCS tokens (this is until about 100 million KCS are destroyed). These tokens will be immediately destroyed. This ensures that KCS won’t devaluate due to oversupply.
Perks of Holding KCS
Users that hold a large amount (or just reach a certain level) of Kucoin shares can enjoy exclusive perks that may include:
- One-on-one investment consultation
- Customer service Fast-Pass
- Lower trading fees. You can avail of a 1 percent trading fee discount for every 1,000 KCS tokens you hold.
Holding Kucoin shares can also increase the value and diversification of your cryptocurrency portfolio. There are more perks and benefits that will be announced once holders reach the necessary level.