KuCoin Shares are the native currency for the KuCoin Exchange, a relatively young but rapidly expanding crypto exchange.
These tokens have attracted a lot of attention due to their unique profit-sharing structure, which allows users earn passive income. These coins were highly publicized in 2017, when the KuCoin platform conducted a crowd sale ICO.
Are coins still worth buying despite the recent drop in trading volume?
This KuCoin Share review will provide an in-depth analysis of the coin’s ecosystem, its development and roadmap. We will also examine the KCS tokens’ mass adoption and long-term usage potential.
Note: Users from the US and UK do not receive support.
What is KuCoin?
KuCoin shares (ticker:KCS) are profit-sharing coins that were introduced by the KuCoin Exchange in October 2017. They allow traders to benefit from the KuCoin Exchange.
KuCoin holders receive a daily dividend, which is derived from fees collected by the Exchange. KCS is growing rapidly as investors are eager to invest in cryptocurrency that pays for them to hold it.
KuCoin is also a relatively new exchange, but adding KuCoin Shares to the mix has allowed it to grow quickly. The exchange aims to be among the top cryptocurrency trading platforms, and is well on its path. KuCoin, based in Hong Kong and currently handling $10 million daily volume, is the largest cryptocurrency exchange.
KCS coins can be used in a variety of ways on the KuCoin exchange platform, including as dividends. The KCS coin can be used to pay for trading fees, which results in significant discounts. However, most users enjoy the daily dividend that they receive when the coin is held in their exchange wallet.
KCS holders are the ones who will gain the most as the trading fees increase with the increased trade volume. Early investors in KCS can control large amounts as the trade volume increases.
KuCoin would be able to reach the top 10 exchanges, and those who hold KCS could expect to see daily profits of up to $1000. Not to mention that the KCS token’s price will increase as the dividend value increases.
The dividend is divided equally between the number KCS in circulation. As if you held a dividend paying stock, you would receive a larger dividend if you had more KCS.
How do Kucoin shares work?
How many coins you hold will determine how much dividends or discounts you earn. As an example, the maker/taker fees for the tiered system are reduced as the amount of KCS is increased up to a limit of 135,000 KCS. This fee has a minimal of 0.0125% and 0.03%. This tiered program replaced the original discount program which gave a discount of 1% for every 1,000 KCS.
KuCoin Shares is another reason to hold KCS. This program allows KuCoin to use up to 10% quarterly profits to purchase KCS tokens and then burn them.
Investors are guaranteed that their passive income will continue to increase, and that the value of KCS that they own will also grow over time.
KCS pays a daily dividend and deposits the proceeds directly into your KuCoin wallet. KCS holders get extra benefits with higher holdings, such as fast track customer service and personal investment consultation.
KCS Coin Supply and Distribution
Only about half of the 180 million KCS in total are currently in circulation. KCS were initially set at 200,000,000, but that number is now decreasing as 10% of the profits from the exchange are used each quarter to burn KCS to maintain higher prices. This buyback-and-burn will continue until only 100 million KCS are left. KuCoin’s logically named the “The Buyback and Burn” campaign. “Buy-back” program.
KCS was initially distributed through a privately-arranged sale and then through an Initial Coin Offering. The initial distribution of KCS was made through a private sale, and then an initial coin offering.
Initial distribution saw 35% of KCS coin distributed to KuCoin’s founders, 15% to angel investors at the exchange, and the remaining half sold to investors. The KCS whitepaper states that the 70 million KCS or 35% of the coins distributed to founders are locked until September 2, 2020.
The angel investors’ 30 million coins are also locked, but only up until September 2, 2019.
KCS is not mineable, but you can buy shares on any exchange which offers trading of KCS coins. The largest trading volume occurs in BTC. The second largest amount is exchanged with ETH, and the third biggest amount with USDT.
KuCoin Team
As you are investing your KCS token into the success and growth of the exchange, you want to be sure it is run by competent individuals. If you look at the KuCoin Exchange’s whitepaper, they have a very diverse team.
Michael Gam is the CEO and founder of Ali Pay. He was previously employed by Ant Financial, which was formerly known as Ali Pay. He held roles in internet companies like MikeCRM and KF5.com.
Eric Don is the COO. Eric Don is the COO. "internet industry star" He has also worked as a CTO for a number other internet companies, including youlin.COM. kiteme. and reinot. These companies were not listed online.
Top Lan is the CTO. Top is an acronym for “Top” "open source community technical expert" Contributor to many open-source projects. He developed the KuCoin platform. Online, we could not find any information about his projects.
Despite all the controversy surrounding the original ICO, the exchange grew significantly in the last two-years. The exchange has grown to over six offices in different parts of the world. They are still growing and have many open positions.
KCS Price Performance
KuCoin’s launch to private investors started in August 2017, with a supply of 200,000,000 KCS coins. Following the private funding round, KuCoin held a public Initial Coin Offering in which 100,000,000 KCS coins at $0.197326 per coin were sold. KuCoin made nearly $20 million.
KCS coin reached a record high of 21.14 dollars on January 7, 2018. After a few days, it began to fall. This continued throughout 2018, and reached its lowest point of $0.354022 in February 2019. The price of bitcoin has risen to $0.466788 as of February 21, 2019.
It is possible to store KCS in any ERC-20 wallet, such as MetaMask and Mist. However, it is recommended that the coin be stored in the KuCoin Exchange wallet. You can only receive the daily dividends for KCS that are stored in your exchange wallet.
KuCoin is not a victim of hacking and adheres to international banking standards. All sensitive information and user data are encrypted, and multi-factor authentication provides additional security.
Development & Roadmap
KuCoin Shares perform a very simple function. There isn’t much development going on in the blockchain/protocol area. There is no public GitHub repository where you can find information.
The growth of the exchange is still the most significant development for token holders. KuCoin added numerous features in the last two years, which helped to increase its volume. The following are the updates that were made to the exchange as a direct result of the release v2.0.
- Release new OTC Trading Desk
- Release of KuCoin V2.0 platform
- Order matching engine in Platform 2.0
- Increase in the number of order types
- Release new websocket and Rest APIs for platform 2.0
These updates helped to make the KuCoin Trading Platform more robust. The exchange introduced a larger range of crypto coins for trading while these updates were being made. All other things being equal, the larger the number of coins listed by an exchange, the higher the likelihood that traders will be interested.
There are many things to look forward on the exchange in the next year. Here is a summary of their most important milestones.
Most interesting will be the KuCoin testnet and the KuCoin social features. If you wanted to stay up to date with these releases then you should keep an eye on the project's official blog.
KuCoin & The Howey Test
KuCoin can pass through the exchange rate. This is something that many people are unaware of. "Howey test". The SEC uses this old rule to determine if an asset is a contract for investment.
Why is it important?
If KCS shares meet the Howey Test, they are classified as "securities" By the SEC. The SEC has a number of implications when an asset is classified as a security. One of the most important ones being that the ICO was a sale. Unregistered Securities.
This is a good example of a reputable company. a big no-no In the eyes of SEC.
The main reason why KuCoin shares can pass the Howey Test is because they give the holder the Dividends and rights. They are linked to the performance on the exchange, which is by definition a contract of investment.
The SEC takes unauthorized crowd sales very seriously. They have implemented enforcement actions for a number of projects. Whether they could ever come after the KuCoin crowdsale is anybody's guess but stranger things have happened in crypto land.
The conclusion of the article is:
KuCoin’s exchange should have a competitive advantage over its competitors as a cryptocurrency that offers a dividend. It’s a win for both traders and investors to have an incentive to keep the coin, and use the exchange.
The addition of the buyback-and-burn policy will ensure that the coin remains in high demand, as it becomes more scarce. This helps to curb inflation.
If the current daily exchange turnover could be increased to Binance size (which is what the team aspires to), fees and dividends would almost 100-fold increase. KCS would also reduce, giving early investors huge dividends.
Even if KuCoin never reaches the size of Binance the dividends will keep increasing as long KuCoin continues to grow at a high rate. It is reasonable to assume that KCS’s value will rise along with its dividend, giving investors both passive income as well as capital appreciation.
There is always the question of how to proceed. "Howey test" The SEC has not yet been identified as a target.
