Review on KuCoin Shares by Jeff Shaw
great token economics and utility
KuCoin is the token backing the KuCoin crypto exchange where the success of the exchange is directly connected to value creation for the token. Fifty percent of trading fees for the exchange are used to buy back the token on the open market and redistributed to token holders. This is an improvement over Binance's burn model of burning 20% of profits every quarter since BInance's transactions are not conducted on the open market. I've used the KuCoin exchange and the experience was positive with a very nice user interface and was able to transact very easily.
Pros
- token utility for KuCoin exchange fees
- burn token model
Cons
- liquidity
- Tremendous competition from peers Binance, Coinbase, and others
