Review on KuCoin Shares by evita parra
Kucoin Shares promoting functional exchanges
Kucoin Shares is a digital asset that works as a driving mechanism for the exchange of the Kucoin ecosystem. Kucoin Shares is identified by the acronym KCS. It is an ERC-20 token because it is hosted on the Ethereum network.
Why choose KCS as a cryptocurrency?
Users of digital commerce are often looking for a digital currency that provides security, multifunctionality and the necessary instruments within a single ecosystem. This is one of the premises of the KCS token.
KCS serves to securely boost exchange operations on the Kucoin exchange house; It also offers within the same ecosystem a wallet to store the tokens obtained and carry out business combinations with other assets without leaving the ecosystem. This helps to save transaction fees in trading and staking.
For investors, KCS is a viable option that offers three decentralized applications under one platform. But nevertheless; it is not viable for those who only seek to use currency as a form of payment for goods and services; since it does not fulfill this function. Another point to consider is that the KCS coin cannot be mined. Regarding security; the chain has the solid Ethereum infrastructure that guarantees reliability in its operations
Pros
- It is a platform without third party control
- It is supported by a robust Ethereum network
- It is an ERC-20 token compatible with the most popular cryptocurrencies
Cons
- They can't mine the coin
