Review on KuCoin Shares by Benaiah A. Akinlade
KCS: A token to be held to earn daily profits
Most crypto exchanges provide a platform for crypto investors to trade their tokens and to also swap from one cryptocurrency to another. Some of these exchanges even offer Fiat/Crypto exchange and trading.
I observed that there is a trend and inventions attributed to cryptocurrency exchanges. This is known as the Crypto Exchange Native Token. Virtually all cryptocurrency exchanges have a native token or currency they encourage their customers to trade with. On most occasions, these tokens have a very low trading value, so majority of customers show little or no interest in holding and trading with the native currencies of these exchanges.
In this ever dynamic crypto world, crypto exchanges have developed different amazing techniques to entice customers to trade with their native token.
My discussion in this review is about the Kucoin Shares (KCS) which is an exchange based token and native currency of Kucoin cryptocurrency exchange. Kucoin devised a technique to entice customers to trade with Kucoin Shares by ensuring that you are rewarded extra KCS daily for holding a minimum of 8 KCS. You can also decide to stake your KCS with a minimum of 200 KCS to earn extra profits.
This means that as a holder of Kucoin Shares, I enjoy up to 50% of the Kucoin exchange’s overall trading revenue that is shared among all holders. The profit I earn is in the proportion of the KCS I hold.
KCS shares price is currently USD 1.04 with a market rank of 107 and market capacity of USD 84,000,000 USD. KCS has a circulating supply of over 80,000,000 KCS and a total supply of more than 170,000,000 KCS.
Holding Kucoin Shares is another way for me to earn a daily passive income through cryptocurrency
.
Pros
- You earn daily profits for holding and staking token
- KCS is a tradable token
- KCS is available to trade in pairs on other exchanges
Cons
- None at the moment
