Review on KuCoin Shares by Aman Arora
KCS kucoun Share is performing well and has been own its way to offer stable growth
Kucoin Shares also known as KCS is a native token of top leading digital asset trading platform kucoin. KCS is more like a share as we seen in Financial markets and its success depends completely on Exchange success.
and how it creates demand in market. KCS is an ERC20 Compatible token and can be store in any ERC20 Compatible wallet. User holding KCS get various benefit for holding KCS like regular dividends and discount in fees while trading futures and spot in Exchange.
KCS staking is still in beta phase and as I use Kucoin regularly and waiting to see how staking of KCS works as exchange is paying 0.81% APR with minimum 200 KCS. Rewards from staking is paid on daily basis and system charge 8% fees for withdrawl from staking (premature) and once you choose to opt out from staking after the staking period ends KCS will be released after 14 days.
KCS growth is slow but definitely Kucoin has much more potential and with increasing Volume and user database fees will be generated so does the dividends which will create demand of KCS which in result will pump the price. KCS is more likely will become the top coin to be in the watchlist amid its utilities and work done behind its growth.
Pros
- Kucoin offer multi benefits for holding KCS which is regular dividends and deduction is fees
- KCS staking is available which is in beta phase and it is good way to generate passive income which is additional benefit
- KCS coin can be traded in exchange with other vaiables and 10x Leverage
Cons
- KCS growth has been slow and exchange has to arrange other variables to trade With Fiat and other crypto pairs to offer more range and adoption globally
