Review on KuCoin Shares by Fanuel PORPORTY

Name: KuCoin Shares
Item: KuCoin Shares
Rating: 5

January 06, 2020

KuCoin Shares, The incentive token

KuCoin is a Hong Kong-based exchange that allows you to buy and sell different cryptocurrencies, opened to the public in September 2017. The exchange has its own cryptocurrency, the KuCoin Share (KCS).  This token allows its holders to obtain reductions on the purchase / sale costs, and to receive a part of the profits generated by the company.
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 Having KCS tokens will give you 2 advantages:
 • You will receive a percentage of the profits generated by KuCoin.
 • You will get discounts on transaction fees.
 The total amount of tokens in circulation is 200 million.  However, each quarter, the company will use 10% of its profits to buy back and burn its chips.  The transaction is expected to take place until there are only half of the tokens left in circulation, 100 million units.
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Pros

Incentive bonus: KCS holders receive daily dividends in cryptocurrency. User friendly exchange format
Low fee structure: Same 0.1% commission as Binance (Bittrex charges 0.25%), discount for KCS holders and low withdrawal fees.
High performance engine for scalability: This technology achieves hundreds, if not thousands, of times more efficiency than normal industry standards, thereby avoiding delays and expectations.
24/7 Customer Service: Includes a web page, help line, email, and more.

Cons

KuCoin was offering 40% revenue for referrals and decided to end the program overnight after they had made this point in their white paper as a selling point.