Review on KuCoin Shares by Bünyamin Sevinç
KuCoin Shares
In my post today, I will talk about another project, KuCoin Shares.
KuCoin Shares is a token, as the name suggests, Kucoin is a coin for cryptocurrency exchange.
The main purpose is to make a profit with this token.
This token is part of Kucoin's overarching goal.
Kucoin allocates 40% of the platform transaction fees to users who recommend other users. The other 50% is distributed to KCS owners.
Also, KCS holders who hold more KCS earn more bonus coins.
The KCS token can also be stored in any wallet that supports ERC-20 tokens such as Coinomi, MetaMask and Myetherwallet. However, doing so will prevent you from receiving the bonuses offered by the Kucoin exchange.
KCS also has a token burning policy that purchases tokens every quarter to help reduce token inflation.
As a result, KuCoin offers relatively low trading fees compared to other exchanges and encourages users to hold (or trade) their own cryptocurrency. And KCS seems to be a good project with this goal.
Thank you to everyone who reads and those who do not.
Pros
- Trade discounts
- More bonus tokens
- It can be stored in any ERC-20 powered wallet. (Not recommended)
- The target piece for the KuCoin exchange
Cons
- Not for now.
