This Kucoin Review will let you in on a new rising Cryptocurrency exchange.
In this Kucoin review, we share some of what we have found at the Kucoin exchange.
The Kucoin site was started in 2014, but development started before that.
With the reliable and extendable technical architecture in place, Kucoin team stepped into cryptocurrency exchange business confidently in 2017, serving the industry and users with superior services and flexible operation strategies.
It is constantly delivering new and some promising cryptocurrency coins to the market.
Here you can see the coins they have in their exchange at the moment of this writing.
Please do your own sound judgment before you invest in anything online.
In our opinion, Kucoin has emerged to be an exchange to stay.
You can use it as any other exchange and invest in the currency you’d like.
From what conclusion in this Kucoin review makes Kucoin really stand out?
This is, of course, an investment in itself and we do not offer financial advice as we are not financial advisors per say.
This article is simply to share what Kucoin offers if you should like to join the exchange and also invest in them.
With that being said, when you have Kucoin shares you get other tokens automatically.
The tokens you simply accumulate by owning Kucoin shares.
The details from Kucoin are below:
Known as Kucoin Shares or KCS for short, the cryptocurrency issued by Kucoin Cryptocurrency Exchange Platform maintains a total issuance volume of 200 million. After buy-back disposal, it will be a constant – 100 million. As a decentralized cryptocurrency issued on the basis of Ethereum, also a standard ERC 20 token based on Ethereum blockchain, KCS supports all the Ethereum wallets.
ACQUIRE KUCOIN BONUS
To improve user involvement and exchange vitality, Kucoin is going to award incentive bonus, which equals to 50% of the
total trading fees charged by the platform, to users who hold KCS in their accounts.
Please note that this award proportion could be adjusted based on the actual situation in the future.
The initial amount of KCS is 200 million among which 100 million owned by the team and angel investors would not be taken into account when calculating the bonus. In addition, we guarantee that at most 100 million KCS be calculated in the bonus plan during official buy-back and destruction. To obtain the daily bonus, users would need to deposit their KCS into Kucoin Platform.
Then the platform will conduct accounting and award bonus based on to the KCS holdings in user’s account at 0:00 (UTC+8) that day and all the trading fees charged to the platform on the previous day.Then the bonus gained by users will directly put to their Kucoin accounts in the
For instance, If ETH-BTC cryptocurrency pair rate is 0.063 on the platform and the daily exchange
volume is 30,000 BTC; based on the 0.1% rate from each side, the platform shall charge 30 BTC and 476 ETH as trading
fees. The bonus for every 10,000 holdings would be 10,000 by 100,000,000 (0.01%). So that the daily bonus from this very
cryptocurrency pair is 0.003 BTC and 0.0476 ETH (1 BTC and 17 ETH annually). Please note that this is ONLY the ETH-BTC
exchange pair BONUS.
Other than ETH-BTC, there are still various cryptocurrency pairs on the platform, which creates the
trading fees in the corresponding currency and bonus based on the description above.
TRADING FEE DISCOUNT
When placing orders to trade, holding a certain amount of KCS in Kucoin account can lower the trading fee. Details will be
published through announcements.
OTHER EXCLUSIVE RIGHTS
When KCS holding reaches certain levels, users can enjoy special services like one-on-one investment consultation,
customer service Fast-Pass, etc.
FUTURE DECENTRALIZED EXCHANGE SYSTEM GAS
Kucoin team is dedicated to blockchain technology R&D and is planned to release decentralized exchange features in the
future. As for KCS, it shall be the core fuel of this exchange system.
The team behind it is disclosed below:
Michael Gan / CEO
Former technical expert of Ant Financial of Alibaba Group, a veteran of financial solutions, and senior partner of Internet giants like MikeCRM, KF5.COM, etc.
/ COO / CTO /
Open source community Technical expert, manager of multiple mainstream open source projects in Github, designer, and deployer of Kucoin financial exchange system.
Operations & Maintenance development expert, Operations & Maintenance director and architects of multiple internet titans,
Stanford University REAP project Operations & Maintenance director.
A senior Internet researcher, systems architect, and Internet industry star.
CTO and senior partner of famous IT companies including YOULIN.COM, KITEME and REINIOT, etc.
Eric Don Top Lan Kent Li Operations & Maintenance Director
/ / /
President of Jianbang Communication and project director of group-purchase magnates.
Managed 30+ group-purchase service centers over China with his special insight of consumer finance.
Operations Director of iBOX PAY Southwestern China, manager of a marketing team with 300+ employees.
Chairman of Sichuan Qianyuan Investment Co. Ltd., executive vice president of Sichuan Industrial & Financial Development
Marketing Director Legal Consultant President of the Business John Lee Operations Group Jack Zhu Linda Lin
Editors voice: Kucoin is a good exchange and it has our solid thumbs up verdict.
If you want a closer look, you can register, or see more by clicking below:
—> Go To Kucoin
This was a Kucoin review.