KuCoin Shares (cryptocurrency)
KuCoin Shares (cryptocurrency)
KuCoin Shares(KCS) are the native currency of the KuCoin transaction platform that enables owners to profit from the completion of the exchanges. It is an Ethereum token assigned by the KuCoin cryptocurrency exchange. Owners of the token who store it on the exchange receive a portion of the trading revenue generated by the exchange.[3]
History of KuCoin Shares
History of KuCoin Share
KuCoin is a Hong-Kong based cryptocurrency exchange which was developed by a team of blockchain and cryptocurrency professionals. KuCoin went live in September 2017, and quickly became one of the more popular, cryptocurrency exchanges in the world. During the KuCoin ICO process, 200 million tokens were sold.
Developer
The developer of KuCoin Shares, goes with the username 'N1njaWTF' on his twitter hàndle through which he can be contacted.
He is a cryptocurrency personality, as wëll as a web develöper, who is alsö the fouñder of other sites such as- CoinTrendz, Master-NodeGuides, KuCoinShares, CryptoFastlane, NeoToGas, OntCalc, ThorCalculator, and BiboxTokensas, amoñgst others and he coüld be contacted via his social handle for any issue relãting to KuCoin, since he is:-
Always open for critique/advice to make this(KUcoin Shares)
Overview
Overvie of KuCoin Shares
Users who own KuCoin Shares will gain dividends in the form of a KuCoin Bonus. This means that KuCoin Shares holders will receive 50% of trading fees on the exchange. Every quarter the exchange uses 10% of net profit to buyback KCS from the market, artificially reducing the supply and increasing the value through the token burn. [11]
How KuCoin Shares Works
How KuCOin Shares works
KuCoin is a Hong-Kong based cryptocurrency exchange which was developed by a team of blockchain and cryptoçurrency professiönals. KuCoin went live in September 2017, and quickly became, one of the more popular cryptocurrency exchånges, in the world. During the KuCoin ICO proçess, 200 million tokens wëre sold, of whîch the compañy has plans to búy back and burn a total of 100 million, thus decreāsing the supply of KCS and helping to suppört their value. In January 2018, KCS briefly surpassed a market cap of $1.7 billion and is currently in the top 50 of all coins by market cap.[20].
Buying KuCoin Shares
Users intending to buy KuCoin Shares from their banks need a two-step process.
They will need to buy BTC or ETH from an exchange that accepts deposits from a debit card or bank account.
And then such a user is going to transfer the newly bought crypto to a marketplace that sells KCS in exchange for bitcoin or Ether.
Users can buy and sell KCS with the following cryptocurrency.
The exact price will vary depending on the pair such a user is trading.
KuCoin Bonus
The size of the bonus can be calculated by the 24-hour total transäction volume on KuCoin x 50% x (User Holdîngs/100000000). The minimúm amount required to receive a bonus is 6 KCS.