Hi Steemers
I wanted to get your opinion on the downfall of KuCoin ☄️☄️, which I think is currently underway. KuCoin started of as a bright and vibrant exchange 🌈🌈 which claimed to be "the exchange of the people". They returned almost 90% of trading fees back to their users via the KuCoin share dividend and the referral system. 😍😍
Then things went horribly wrong, they axed the referral system and the platform which was buggy to start with, was never improved 😡😡. As a result volumes continued to fall relative to other competitors and the community that supported them is all but gone... 😔😔
Here is what I think they should do to fix the business... but it has to be done soon:
- They need to issue a public apology for closing the referral business
- They should re-start the referral business on the same terms as previous
- They should alter the terms of the KuCoin dividend if profitability is the problem... that is... they should put users ahead of shareholders
- They need to get the community to support them once again... this is hard but they should be humble about their mistakes
- They should stop listing a million coins/ promotions and start focusing on nurturing the KuCoin community
- They need to fix all the outstanding bugs on the platform as soon as possible
I was a big fan of KuCoin and I still want them to succeed 🙌🙌... I just think they lost their way a bit... Dont give up KuCoin... You can still be "The Peoples Exchange" 🦊🦊
