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Review on KuCoin Shares by Vinh Quang
KuCoin is a Chinese cryptocurrency exchange based in Hong Kong (Chinese…
KuCoin is a Chinese cryptocurrency exchange based in Hong Kong (Chinese authorities ban) launched in late 2017. The exchange is translatable to 11 popular languages including English, Portuguese, Dutch, Mandarin, Japanese, German and Spanish. Trading is also made easy and only requires a few clicks after you’ve navigated under the markets tab located on the top of the screen. KuCoin Shares (KCS) are the native currency of the KuCoin exchange platform that allows holders to profit from the success of the exchange. KuCoin takes into account the amount of KCS users hold when distributing the various coins. The more KCS you hold, the more dividends you’ll receive.
Pros
- KuCoin as an exchange is growing rapidly, which is good news for KCS holders. KCS holders receive dividends based on how many KCS they have and how many transactions were made on the KuCoin exchange on that day. KuCoin has been growing rapidly in the last few months, and its team is excellent, having highly competent members and a CEO who worked at Ant Financial (owned by the Alibaba Group).
Cons
- The token doesn't have any real utility other than the investment and returns and the % of fees paid out may go down. And you have to keep your crypto on a centralized exchange which is risky.
