As you may know, KuCoin is an ever growing exchange with many coins to offer. The ICO price of KCS, which are KuCoin's official currency that pays users dividends based on how much profits KuCoin makes, was worth only $0.30 during ICO. KCS reached over $20 last January. That would have brought over a 6700% return on investment in a matter of months. Not to mention the extra profits from holding KCS when the exchange went live and the trade volume increased.
Definite problems with a centralized exchange
There are reported problems about KuCoin everyday on Reddit, Twitter, etc. Some of these problems may just be fud because people want the price of KCS lowered. However, many of these problems stem from a centralized platform. For instance, many people have reported that they haven't received many dividends from holding KCS as they're suppose to. Others claim that the withdraw fees change or are way too high.
Meet DECOIN
I would like to point out how similar these names sounds. Instead of Ku, it's DE in front of the words coin. DECOIN aims to be a decentralized exchange that pays returns the profit of the exchange to DECOIN (DTEP) holders. It works along the lines of KuCoin, except they're aim is to be decentralized. Through blockchain technology, DECOIN will maintain maximum transparency, the highest security, and 24/7 support from experts.
The benefits of DECOIN
Profit Sharing
Profit sharing is the most appealing benefit of DECOIN. KuCoin's profit sharing plan instantly grew their platform at an astonishing rate. Other exchanges, such as, Binance, Okex, etc. don't share the profit, but offer incentives such as discounted trading or other perks. Through the fees charged on the platform, DECOIN returns those profits to DTEP holders. 60% of the profits that the platform makes will be redistributed back to DTEP holders.
There are more benefits for DTEP holders as well. All holders of DECOIN will achieve a 6.2% rate of growth each year for staking the coins in their online DECOIN wallet. Also, DTEP holders will receive 40% off trading fees for using DTEP as payment.
Security and Insurance
One of the most terrifying things that can happen through cryptocurrency exchanges are stolen and lost funds. DECOIN stores 97% of the user's funds offline, while the other 3% of the funds are insured and safeguarded against theft or other possible problems. This is a great relief when it comes to trading.
Seamless trading experience
Back during January, KuCoin experienced the largest volume amount of trading on their platform. Trading stopped for many users because it was too slow to log in or many users couldn't log in for hours at a time. Even when users did log in, they couldn't place buy and sell orders because of the servers being too slow and unprepared for this kind of traffic. DECOIN's Exchange (D-TEP) allows for order processing of up to 1 million matches / second. Meaning, there will be no delays and a seamless trading experience. The fear of possibly not being able to log in or place orders before the pump will be eliminated.
24/7 Support by Experts
For new and experienced traders, a strong support team is necessary to ensure the exchange runs smoothly. I can't remember how many times the online KuCoin support team never responded to my messages. Each of DECOIN’s analysts has no less than 10 years of experience in the financial market, and no less than 5 years in the digital asset economy field. This isn't normal for most exchanges. However, DECOIN aims to provide the best social experience for every trader, as well as the best trading experience. There will also be 24/7 online support by trained professionals for any other assistance.
D-TEP Exchange Credit Card
If you'd like to spend your profits from trading on most exchanges, you'll most likely have to convert your profits to Bitcoin, Withdraw them to an exchange, and then exchange that Bitcoin to fiat. This can take days and even weeks before you're able to spend your profits. DECOIN aims to allow every DECOIN to enjoy and access the profits he receives, regardless of whether he traded himself or had been awarded his share of DECOIN profits.
Card holders will also have access to rebates and other cost savings in selected stores, entertainment venues and other consumer facing stores. There are 5 different types of credit cards with different advantages depending on the user's investment in the exchange.
Incentivised Social Trading
Imagine if you're one of the top traders on an exchange that is constantly researching the market. On many exchanges, you'll go unrewarded except for your own profits. Top traders will have the chance to display their activities and will be will receive DECOINS in returns for their skill.
DECOIN's Exchange Fees
With each trade, a 0.25% fee is charged. If the trader uses DTEP, the trading fees are only 0.15%. The withdraw fees can be insanely high and can ruin a new trader's experience. DECOIN's Exchange withdraw fees will only be a maximum of 0.03% per withdraw. Other fees and revenue generation will come from the exchange's new features, such as automated algorithm buy/sell orders, and more.
The First Tradable Coins on DECOIN's Exchange
Many exchanges don't have all of the top coins ready to trade on the exchange. DECOIN's exchange will have DTEP, BTC, ETH, XRP, BCH, BASH, LTC, NEO, ADA, and XLM from the beginning. These coins will enable fast growth during the launch of the exchange. DECOIN also plans to add fiat-to-crypto trading.
Circulating Supply and Total Supply
-140m Total Supply
-70m Circulating Supply
-70m coins will be allocated and used to guarantee the 6.2% annual return promised to DECOIN holders through the Staking of the coins on their online DECOIN wallet
To compare this supply to other coins, KuCoin (KCS) has about a total supply of 180m and a 75m circulating supply. For KCS to reach over $20, you can safely expect the same and much more for DTEP's demand. Binance (BNB) has a total supply of 194m and a circulating supply of 114m.
Conclusion
If I would have known about KuCoin and the idea of profit sharing, I would have jumped on it. The cryptocurrency exchange market is booming and there's still a ton of demand. The history of exchanges proves it. However, many exchanges with their own currency, such as BNB, KCS, etc. run short on value compared to DECOIN. Considering the D-TEP Exchange is planned to launch in Q3, huge returns can be expected. KuCoin's exchange launched in December, when the market really started to breakout. The market is already showing signs of a bullish trend and DECOIN will be the better KuCoin.
Website : https://www.decoin.io/
Whitepaper : https://www.decoin.io/Decoin-WhitePaper-v1.2-08.03.pdf/
Facebook : https://fb.me/DECOIN.io
Twitter : https://twitter.com/decoin16/
Telegram: https://t.me/xDECOIN/
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