Kucoin Shares (KCS) is a cryptocurrency token specifically for use on the Kucoin exchange.
Owning KCS does two things:
Gets you a discount on trading fees. You get 1% off your trading fees for every 1,000 KCS you hold, up to a maximum of 30%.
Pays you dividends. 50% of all trading fees paid by Kucoin users each day is set aside for KCS holders and distributed equally among all KCS tokens.
A small handful of KCS tokens might not make much of a difference, but the benefits of having more are huge. At a price of over US$17 in January 2018, it would potentially be a considerable holding.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
How to buy KCS
KCS is only available at Kucoin.
You can buy and sell KCS with the following cryptocurrency. The exact price will vary depending on the pair you’re trading. It’s worth taking this into account if you’re looking to buy or sell a lot of KCS.
NEO and GAS (NEO and GAS)
Bitcoin Cash (BCH)
Red Pulse (RPX)
As a coin, KCS itself has grown dramatically in value since creation, becoming quite successful in its own right. There’s a set supply limit of about 181 million coins, of which half are currently in circulation.
An example of KCS trading discount and payout
If there are 100 million coins in circulation, and someone owns 1 million of them, then they a 30% discount on their trading fees (the maximum possible) as well as 0.5% of all trading fees collected on the exchange.
If Kucoin collects a total of 10 BTC in bitcoin trading fees that day, this person’s dividends be 0.05 BTC.
Another 49.5% of all the trading fees be distributed among other KCS owners.
These dividends be paid in the coins being traded, so this person quickly build up a considerable and diverse portfolio.
The exact distribution of coins being paid out vary depending on what’s popular each day, so the dividends also tend to be paid in the most popular coins. The trading fees can also vary between coins. If there are no fees being paid, for example if there’s a promotion going on, then there be no dividends earned that coin for the duration.
As long as Kucoin remains popular, KCS is likely to keep being popular as well. It’s an effective store of value on the exchange itself and might remain fairly steady even if a particular coin dumps. Even if gets pricey, there’s always going to be someone looking to hit the next 1,000 threshold for a larger discount.
The discount on trading fees be negligible without a massive holding in KCS. At current prices, you’d need roughly half a million dollars’ worth to get the full 30% discount on trading fees.
But if you’re working with enormous volumes, then worth it.
The dividends might be even more valuable. a , you might well earn more back on dividends than you spend in fees.
take the form of a constant stream of a very wide range of crypto being added to account. a bit of time and coins , become a lot more valuable.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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