What are KuCoin Shares (KCS)?
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 might be potentially huge. At a price of over US$17 in January 2018, it would potentially be a considerable holding.
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-Obtaining KCS we become investors of the KuCoin exchange and we gain a part of the dividend of its commissions
-The exchange KuCoin has the possibility to grow a lot. More knowing the interest that KCS is awakening.
-We can sell whenever we want our KCS, as one more currency.
How does KuCoin Shares work?
The project’s whitepaper gives a great explanation of how KuCoin Shares are distributed. As stated before, the distribution methods take into consideration the amount of KCS in a user’s exchange wallets.
For every 1000 KCS you hold, you will receive a 1% trading fee discount with the maximum amount capped at 30%. For example, if you hold 20000 KCS you will receive a 20% discount, but holding 50000 KCS will max you out at a 30% discount.
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Considering the dramatic increase in cryptocurrency interest worldwide and the fact that exchanges are closing their doors to new user accounts due to a lack of scalability, it would not be unreasonable to witness the success of this exchange and its native cryptocurrency, KCS.
Buy Kucoin Shares (KCS) India
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