Review on KuCoin Shares by Stephen Toluwani
An undervalued Gem is KCS
The Kucoin Shares Token is the integral and native token for the Kucoin exchange used primarily to cut trade fees and for the development of Kucoin by it's developers. I have been holding the KCS token for the past few months and have been receiving daily returns according to my number of held KCS which makes it my best part of the token as I could earn passively depending on my tokens held. Just like the primary tokens of many other exchanges, KCS can be used to cut trade fees but by a mere 20% for the Level 0 users or traders.
As of now, the value of the KCS is really undervalued and keeps depreciating in price but despite that, with many new innovations and more use cases coming it's way like the KuChain and other services that will be requiring the KCS for use in development, it will be a very valuable gem to hold on to. It's versatility even when it will be migrated to KuChain makes it easier to hold. Although plans for the token are really slow paced, much is to be expected
Pros
- The Kucoin Shares Token KCS is an ERC supported token which allows users to hold tokens on any ERC supporting ethereum wallet. This makes the token versatile to hold
- Preparation for the KuChain which will be hosting KCS as it's main or primary token to be used for gas fees
- The use of KCS in trading on Kucoin cuts trade fees by 20%
- Every holder of anything above 6 KCS gets entitled to receiving daily 50% dividends of Kucoin trade fees
- Many development are coming up for Kucoin in general which will magnanimously affect the price to a bullish move
Cons
- The price of the token is still very much undervalued
