Review on KuCoin Shares by francis fernandez
Kucoin Shares: the Kucoin exchange platform
Within the blockchain market we find a diversity of digital asset projects that are continuously being innovated, in order to cover all or a large part of the needs of recurring users of the cryptographic industry.
For this reason cryptocurrencies that have been present in the market for a certain time continue to make modifications and changes in their protocols. Such is the case with Kucoin.
Kucoin Shares (KCS) is a digital currency created by Kucoin with the sole purpose of serving as a cryptocurrency exchange platform.
Kucoin Shares works as a digital token anchored to the Ethereum platform, called the Ethereum standard token (ERC-20 token).
The main feature that this digital asset has; is that its holders receive dividends for the fees that are caused in the operations carried out on the Kucoin exchange platform; just for the sake of keeping Kucoin Shares in your wallet.
In this sense, the cryptocurrency of Kucoin Shares acts as a share that receives rewards of 50% of the commissions of the commercial operations of the platform.
The basic functionality of the rewards obtained from Kucoin Shares is to serve as a means of exchange (purchase and sale) and storage within the ecosystem.
Another important point to highlight is that this digital asset (KCS) does not function as a payment instrument but rather as an intermediary in conversion transactions and as an investment mechanism to obtain shares. Its mission is to be the preferred platform when making exchanges quickly and safely from anywhere in the world.
Kucoin Shares brings together three main elements in a single platform: it is capable of generating its own token, it acts as an exchange and it provides blockchain services.
Pros
- Provides the opportunity to holders of Kucoin Shares in their wallet; to become investors by obtaining shares or dividends.
- Thanks to its advanced technology, it allows faster transactions.
- It is a secure platform, which offers a high privacy profile to its users both in their operations and in the access to their crypto assets.
Cons
- Kucoin Shares tokens do not work as a means of payment
- It has a mining limited to 181,043,076 tokens.
