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RE: Daily Crypto "Dividends" on Kucoin - Calculations

in #dividend7 years ago

Great article,
I wish i had found out this way earlier. I started with 6 KCS a few weeks ago and then 26.

One thing that is very interesting about KCS is also that the volume on the trade pair is quite low, so there are also some interesting trades to do.

The other day was watching the GAS (neo) / KCS price and it was jumping back and forth from 65usd to 69usd. i noticed that there was very little volume and this was causing the price to bounce quite consistently.

So i did 3 trades back and forth watching it jump, and after those 3 trades i have 29.88 KCS, it only took about 30 minutes.

There are also some decent differences in prices between the trading pairs and it is sometimes more interesting to use KCS.

In the dip yesterday i picked up another 55, and if it dips again i think i will buy more.

Though I am worried about the percentage of the profits they will share decreasing. Right now it is at 50%, and people are speculating it will drop to 15% in April.
With the amount of coins they are adding weekly, i am hoping that when the bull market returns, the trade volume is going to explode!
And hopefully this will counteract the drop in profit sharing.

Just my .02, not financial advise.....let me know your thoughts!