KuCoin is a relative new Cryptocurrency exchange where people can trade different kinds of currencies. KuCoin is based in Hong Kong and focusses on foreign markets. The founders started working on the concept in 2013 and finished the platform in 2017. As of this moment they are number 27 on the list of exchanges with the highest 24u volume!
KuCoin wants to position itself as 'the exchange of the people'. The founders are convinced that some exchanges profit to much from their customers, so they want to give most of the profits back to the users. They chose to do that by distributing KuCoin shares. 90% of all trading fees is distributed between the KuCoin share holders and their referrals. So you can profit from the growth of KuCoin by holding shares and collecting referrals.
What are KuCoin Shares?
KuCoin shares are shares in the exchange KuCoin. In total there will be 200 million shares: 70 million for the founders, 30 million for the early investors and 100 million for the users. The shares of the founders can't be sold before September 2021 and the shares owned by early investors are locked until 2019. This means they can't just dump their shares and change the price.
Users that own KuCoin shares get their reward around 00:00 everyday. Around that time the total trading fee is calculated and the fees will be distributed. The more shares you own, the higher your reward is. 50% of the trading fee is distributed between the KuCoin share holders. 40% of the trading fee is meant for the people that invited other users (referral) and the other 10% is for KuCoin itself.
How to earn GAS while trading NEO?
When you own NEO, you probably know that you can earn GAS while holding NEO in the official wallet. But NEO is also a great coin to trade with. Lots of exchanges hold your NEO and are earning GAS with it. They keep the GAS they produce with your NEO and are earning lots of money with it! KuCoin also holds your NEO, but pays you the GAS they are earning with it. So on KuCoin you can easily trade your NEO while earning GAS!
Getting started!
The KuCoin share and the referral program is a great way to earn passive income. Sign up on KuCoin and start earning money