After seeing BNB's success, it's hard not to wonder at the future of KuCoin Shares (KCS). At this date, it's only $1.70. And because of their revenue share model, it could become of the best investments in the coming months.
KuCoin Shares
KuCoin Shares (KCS) are the token that belongs to the exchange similar to BNB on Binance.
Total supply: ~181 million
Circulating supply: 91 million
ICO price: 0.000055 BTC
Current price: 0.00010851 BTC (as of posting) Market Cap: ~$160 million USD
KuCoin revenue Share
KuCoin keeps 10% of the trading bonus fee
KuCoin shares 40% to users who invite others to trade on KuCoin via their referral link (note: this is my referral link!)
KuCoin shares another 50% to users who hold KCS on KuCoin as a KuCoin Bonus!
For example, if you hold 10000 KCS in your account on KuCoin exchange. Take today as an example, today, there has been a trading volume of approximate 1500BTC (at time of writing), according to the current fee rate, the trading fee the exchange collects per day is 1.5 BTC. So you will get 1.5 * 50% * (10000/100000000) = 0.000075 BTC per day, 0.00225 BTC per month! This is approximately $36 USD!
Now if each coin costs $1.70, then it'll cost you $17000 to make an annual ROI of 2.5%.
Increasing Market Valuation
This might seem like a poor rate of return, however, if you factor in how explosive KuCoin exchange has grown in the last few months and if it can follow in the footsteps of Binance, we will definitely see crazy things happen to the price of KCS.
- Binance currently has a daily trading volume of ~180,000 BTC, if KuCoin reaches a similar level, then your initial investment of $17000 will be making you ~$144 USD per day! A ROI of over 300%! Not to mention the value of KuCoin Shares will increase dramatically!
So how do we know if KuCoin will increase to the levels of Binance?
They are listing new coins all the time and take on a lot of community participation - this brings a lot of new traders onto the exchange and allows for trading of new financial instruments - increasing overall trading volume.
One great example is the fact that KuCoin is listing RaiBlocks (XRB) soon, one of the most traded crypto that was only on 2 exchanges. XRB alone had a trading volume of $30 million USD
So what will happen when XRB, one of the most hotly traded cryptocurrencies gets listed on Kucoin?
Firstly, volume on Kucoin will skyrocket and with that KCS holders will get increased dividends
Thousands of new users will flock to the site
This brings me to the reason why KCS will be worthy of your hold. If you look at the progression of Binance, they have quickly become the top exchange beating out their competitors for the first time TODAY! However, what has brought along the success of Binance? Their ability to innovate and create a very robust exchange that is constantly adding new coins. With Kucoin taking the initiative and listing new coins all the time (like XRB) they will be able to achieve similar levels of growth compared to Binance.
Good information here. Kucoin sounds like a great prospect!
I agree! Anyways you might want also to read a recent article about kucoin! You will gain so much relative information about them and how they are useful on bearish market https://medium.com/kucoinexchange/finding-liquidity-in-a-bearish-market-episode-2-ride-the-dragons-aed8e64ed593
Bought some Kucoin shares myself and I love seeing all the dust from different coins show up in my assets daily :)
dust is the right word^^.
Thanks for info. I also bought Kucoin KCS. A ton of promising coin here. Great platform. Low fee.it's good for long term investment.
Kucoin Shares (KCS), Red Pulse (RPX), NEO, Digibyte , OmiseGO , EOS, Populous ,I also got free altcoin as passive income daily
Kucoin will hit $3 soon.
For more information about Kucoin Review:
#bitcoinnewbies
I really like Kucoin. It has a lot more coins than Binance. For example, XRB, ACT, KCS. Feel free to use my link: https://www.kucoin.com/#/?r=7PRdMh We will both get bonus.