On the 10th July 2018 , KuCoin announced that they have upgraded their KuCoinShares (KCS), I elaborate on why KCS is such a great buy now
First of all, KuCoin is a cryptocurrency exchange where you can trade currencies there. I have been using KuCoin for some time and the user interface is one of the best.
As for KuCoinShares, it is similar to Binance coin (BNB). It is also similar to buying shares in a company. KCS is a token that has a total supply of 180,730,576 KCS. https://coinmarketcap.com/currencies/kucoin-shares/
So what are KuCoinShares' advantage ?
First of all , it can be used as a discount for ur trading fees by owning certain amount of KCS. Minimum of 1000 KCS would be required. Up to 30% of discount is provided depending on the amount of KCS you own.
After the upgrade on 10th July 2018, you would be receive more KuCoinShares on a daily basis depending on the amount of shares you hold. Minimum would be at least 6 KCS. Unlike before the upgrade, the amount of shares you would receive now is actually significant because previously you would receive plenty of dust of other altcoins depending on what is being traded by other users.
Now KuCoin would buy back all KCS using the trading fees and credit it into your account. This would mean that everyday, a significant amount of KCS is being bought regardless of the market. Screenshot below is the difference of the upgrade, the amount of KCS I receive per day is significantly increased! For holding 34 KCS, i am getting approximately 0.003 KCS , worth around 0.01USD. On a good day I may get 0.005 KCS, worth 0.002USD.
3.Periodically there would be coin burn which means that KuCoin would buy back KCS and burn it. This would mean that the value of KCS would only increase due to reducing supply. KuCoin would use 10% of the profits to buy back KCS. A total of 312,500 KCS has been burned based on their 2nd fiscal quarter profits.
https://etherscan.io/tx/0xc57b45d13a23d3a61b6a9040ef2001b0ee470bcd078b56af820745a7d0939ddb
4.There is always competition weekly, as I recall sometimes there are more than 1 competition. The recent ones would be the world cup contest where you would only need to predict who win, who would be the top scorers and win bitcoins ! Almost weekly I have been receiving extra bitcoins in small amounts about 1 -2 USD worth by just retweeting the contest! If you trade/deposit the newly listed coins, you would be able to win more.
Overall , while KuCoin isn't as popular as Binance, KCS definitely offers much more compared to BNB. KuCoin is the only place you can buy KCS.
I hope this post would help you. I am not financial expert and this is not financial advise.
I would greatly appreciate it if you signed up using my link. Thank you.