Kucoin Shares (KCS) - It is Bigger than You Think
No doubt Kucoin has made marking in the crypto world lately. It came across to my attention from couple of YouTuber reviewing Kucoin Exchange. As Bitcoin marching to $20.000 December 2017, it has major spike on public interests and curiosity, the phenomena leads to many major exchanges (Bitfinex, Bittrex, Binance) stop accepting new users.
Kucoin really seize the opportunity on grabbing new users. This post will take a look on how I think about the Kucoin Shares (KCS) cryptocurrency, this is not an exchange review.
Is it a rip off of Binance's BNB? or is Better?
In a glimpse, yes it does look like a 2nd grade of Binance due to its similar layouts, use of font and knowing its origin came from China. But my opinion changed quickly after really understand what they are really offering.
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Like BNB token, Kucoin offers its local token called Kucoin Shares (KCS). However it does more than just giving 50% commission fee, some of the features are:
- 50% Commission Fee Discount from 0.2% for non KCS holders to 0.1% for KCS holders.
- Profit Sharing of Kucoin Exchanges for KCS holders.
Let's focus on the 2nd point why I think KCS is a superior cryptocurrency.
It Pays Daily
The profit sharing provided in Kucoin is paid to its holders on DAILY basis. This means you are receiving daily profit from the exchange made.
Its like Mining Every Coin in Kucoin - Passive Income
You may have discovered this KCS calculator. https://kucoinshares.com/, What this calculator did not tell you, you are paid profit to your individual crypto wallet. This was also a recent discovery for me as I was checking my Kucoin account it has random crypto in every of my single wallet.
Also the NEO i've got paid for is producing NEOGAS as well. This is double mining!
BTC Price Up or Down? Exchanges Always Make Money
We all know regardless what happened to Bitcoin price, up or down, there's always one party that benefit from, the exchanges. People are constantly trading in and out of cryptocurrency, this equals the o.1% commission will inevitably occurred in every trade. Win trade or losing trade.
We always want to Invest on a Project with a Bright Potential
Just like when you are researching unheard Altcoins or the next upcoming ICO, essentially the benchmark you will asking this kind of question before investing. "Does this has potential?","Does it have a bright future?" and so on. Crypto reception has been huge, and when another crypto boom happened these exchanges will no doubt take off to the moon.
It Rivals Binance in Altcoin Listings. Currently Listing 80+ Coins and Will Adding More.
Another convincing factor for me to buy many KCS, they are listing altcoin the same pace or even faster than Binance. Kucoin has been on top of their game in listing altcoins. This just give a snowball effect to KCS holders as it yesterday INS (a brand new crypto from ICO) just got listed, and from tonight on I will be receiving a fraction of INS token in my wallet DAILY
Risk Free Altcoins Investing - Potential 10 - 100x
As you can see my screenshot above, my default you are investing all of the coins inside kucoin, this is a risk free investing for KCS holders, no doubt 1 of those coins can take off to 10-100x its valuation.
Kucoin is Still Listed as 18th in 24 hrs Volume Exchange Ranking
When I see this, I know for sure it only take Kucoin to be half as big as Binance (Ranked 2nd when I am writing this post) to double - triple its valuation. When Kucoin able to rival Binance as one of the top dog in the crypto exchange the KCS will be even more valuable
Final Words
Crypto world has a bright bright future I truly believe it. By having KCS this allow me to invest to the next Bitcoin or the next Ethereum risk free. Not only many people realise how powerful KCS is, many people are still hesitant to invest other than Bitcoin / Ethereum. This gives us the early adopter an opportunity of a lifetime to invest on potentially the next big thing in cryptocurrency.
Make sure you secure your account in Kucoin and grab that KCS before it worth more than it is.
Register at: https://www.kucoin.com/#/?r=1xtxu
Or you can use my referral code to get extra discount in trading fees 1xtxu
Learn more at:
Kucoin currently trading at this current rate:
I would love to visit there. Great article!
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How many KCS do you have?
I'm still waiting on my first Kucoin Bonus. I do have around 5 KCS.
CS is making me crazy keeps telling that it has to do something with an upgrade and that everything should be fine, but I did buy my KCS on the 9th of January!
My first purchased was 20 KCS, I discovered the payments after 10 days owning the coin
Did they then go back to the purchase date. Or did it just kicked in?
Yes it breaks down the daily coin KCS produced. You'll get KCS daily, as well as BTC, ETH, LTC and all other coins listed Kucoin in your respective wallet, its almost magic.