Review on KuCoin Shares by Özgün A
On its way to becoming a strong local token
Kucoin Shares is a local cryptocurrency blockchain project launched by the Kucoin exchange. It works on ERC-20 technology.
The purpose of Kucoin Shares is to be used in buying, selling and money transfer transactions on the Kucoin exchange.
You can use commission discounts with Kucoin Shares.
You can earn passive income with Kucoin Shares. The more Kucoin Shares you have, the higher your passive return will be. KCS pools are created every day on the Kucoin exchange. Depending on the amount of Kucoin Shares (KCS) you have, you will get a share of this pool. If you own Kucoin Shares, you can stake them. The price of KCS will increase in value. Local tokens of major exchanges have always risen above a certain price level.
There are three KCS trading pairs on the Kucoin exchange.
For Kucoin Shares to be successful, the Kucoin exchange must be successful. So with Kucoin Shares, the Kucoin exchange proceeds linearly.
The price of Kucoin Shares is low, but Kucoin Shares should not be viewed as an investment tool anyway.
Pros
- Earn passive income by staking
- You get a discount on all transaction fees
- You get a share from the pool according to the owned KCS
Cons
- Since KCS is a native token, it should not be expected to be competitive
