Review on KuCoin Shares by Shark Jack
KCS is not a mineable cryptocurrency
The KuCoin Stock (ticker: KCS) was launched by the KuCoin exchange in October 2017 and is a profit sharing coin that allows traders to take value from the KuCoin exchange.
The KuCoin exchange is also relatively new, but the addition of the KuCoin Stock has helped the exchange grow quickly. The exchange itself aims to become one of the top crypto currency exchanges, and it is ready to use. KuCoin is based in Hong Kong, and the exchange currently handles around $ 10 million in daily volume.
Another benefit of holding a KCS comes from the buyback and burning of the KuCoin Share. In this program KuCoin uses up to 10% of their quarterly profits to repurchase KCS tokens on the open market and then burn them, thereby reducing supply and theoretically making the remaining KCS more valuable.
Pros
- Adding the buyback and burn
Cons
- Not weak
