KuCoin is an Asian Cryptocurrency exchange which is very attractive from its origin onwards, an alternative to BNB. The token to use the exchange is the KuCoin Shares (KCS). The exchange charges a meager 0.1% trading fee, but to make it even better, they give 90% of all costs charged back to users.
KuCoin Shares is a Cryptocurrency of KuCoin Exchange based in Hong Kong. KuCoin Shares (KCS) are the token that belongs to the exchange similar to BNB on Binance. It was launched on15 September 2017, and it operates on a crypto-to-crypto basis, which means that no fiat currencies are supported. And within the short time, it has placed in the top 10 of Exchanges. By obtaining the KCS, we become investors of the KuCoin exchange, and we gain a part of the dividend of its commissions. The token has recently maintained a market cap of over 1 billion USD.
KuCoin Shares is KuCoins native currency. It works similar to holding stock in a company and pays out dividends based on how many KCS you keep and how many transaction fees occur during a day. KuCoin has it,s token, KCS. KuCoin exchange charges a 0.1% fee for every trade, 0.1% for the buyer and 0.1% for the seller. The 50% of the costs collected are shared among the KCS holders daily based on some calculations. These calculations are based on the daily volume of the exchange.
Fees collected are the half of the exchange’s volume. Then they calculated the percentage of your KCS holdings. KCS you own/total supply (100.000.000)= share you own.The amount of the money you get is the fees that are collected multiply by the share you own.
The simplest way to get the KuCoin Shares has only three steps to do;
- Get a wallet
- Buy Ethereum
- Exchange it for KuCoin Shares in Binance or Bittrex etc…
The most convenient wallet for using to the purchase of KuCoin shares (KCS) is MyEtherWallet which can store any coin including KuCoin shares. Then you have to create a password for your wallet which helps you to keep the coin safe. Then you have to purchase the Ethereum from Coinbase. There are a lot of exchanges you can use like Bittrex, Binance, etc…
KCS can be a profitable investment option. KuCoin Shares price equal to 10.637 USD at 2018-01-17. If you buy KuCoin Shares for 100 dollars today, you will get a total of 9.401 KCS. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-09 is 257.363 US Dollars. With a 5-year investment, the revenue is expected to be around +2319.48%. Your current $100 investment may be up to $2419.48 in 2022. KuCoin Shares (KCS) price today is $10.49 and have a market cap value of $955,151,119. It has a current supply of 91,043,076 KCS, and the volume is marked as $17,164,100. KuCoin Shares (KCS) mining, KuCoin Shares (KCS) exchanges, KuCoin Shares (KCS) wallets, where to buy KuCoin Shares (KCS), how to buy KuCoin Shares (KCS), KuCoin Shares (KCS) history, KuCoin Shares (KCS) price today, KuCoin Shares (KCS) price chart.