Header banner
Revain logoHome Page
Inioluwa Okedeji photo
Osogbo
1 Level
221 Review
178.25 Karma

Review on KuCoin Shares by Inioluwa Okedeji

Revainrating 4 out of 5

Kucoin Shares: The Native Token Of The Kucoin Exchange.

In the cryptocurrency world, almost all cryptocurrency projects now have their own native tokens. Apart from the monetary value they possess, these tokens can be used to perform specific operations on the platforms. From cryptocurrency exchanges to cryptocurrency wallets, I've encountered many of these platforms that have their own native tokens and one of these particular tokens is the kucoin shares.
Kucoin shares (KCS), is the native token of the Kucoin exchange platform which makes it an exchange based token. The KCS is also an ERC20 ethereum based token, which means that KCS token is backed up by the power of the ethereum blockchain network and it also possesses the attributes of an ethereum based token.
The one particular feature I know about the KCS token is that holders of this token earn returns based on the amount of KCS they hold. My research on the token also further proves that those who hold KCS tokens are rewarded with the shared 50% of the total trading fees among holders. So basically, holding KCS tokens earns you more KCS tokens.
As I said earlier that native tokens possess other specific attributes apart from the monetary value they possess. One of the specific attributes or should I say benefits of the KCS token is that, for every trade or transaction done with the KCS token, the trading fee gets cut by 20%. This simply means that using KCS tokens for trading reduces trading fees.
If you want to be a part of these rewards, you can get KCS tokens only on the Kucoin exchange because as I've said earlier, it is the native currency of the exchange. You can get it on the exchange through the most common trading pairs like KCS/USDT, KCS/BTC and KCS/ETH. All that is left is to hold them to earn more of these tokens. It looks like a simple form of investment, don't you think?



Pros
  • Holding Kucoin Shares earns you more Kucoin Shares. The number of KCS tokens being held must be above 6 to be eligible for the rewards.
  • It is an ERC20 ethereum based token.
  • Any trade done with KCS tokens reduces the trading fees by 20%.
Cons
  • The value and worth of the KCS token is still pretty much low, but new developments should spike up the price value.

Similar reviews