I like short and meaningful descriptions.
Kucoin is a new exchange registered in Hong Kong. It gives DAILY dividends based on your share (amount of Kucoin Shares)
- total amount of the shares is 200 mil. However 100mil (founders, advisers) are locked for many years and these shares are not getting the daily dividends. Through particular mechanism (buy back and burn - you can read about it at White Paper) there will never be more than 100mil shares in circulation. Therefore you can calculate you shares percentage as (your shares)/100mil.
- you receive dividends in all coins in the exchange from the fees
- If you hold 1% of the shares, then 10% of the dividends from your 1% shares goes to the founders(development and etc), 50% goes to you and the remaining 40% goes to people who invited people to the exchange ( through THIS particular invitation link :) - https://www.kucoin.com/#/signup?r=E35i7R )
Pros
- Exchange is extremely smooth (unlike Coss)
- Great dividends (Daily)
- Great graphs and features
- Intuitive
- Great design
- ATTENTION: You don't pay fees trading some coins like Walton Chain or Vechain
- So far there is no KYC, but there will be
- Registered in Hong Kong
- Lists only quality coins. Also will be the first to lists Red Pulse
- Strong security
- Really fast transactions (withdrawals/deposits)
Cons:
- New and therefore small volumes.
Warning: Dont miss the opportunity to hold some Kucoin shares.
Warning 2: If you are going to register at the Kucoin Exchange, be so kind to use my invitation link. Thank you
invitation link: https://www.kucoin.com/#/signup?r=E35i7R