KuCoin Exchange Background
If you haven't already heard of KuCoin Exchange they are a cryptocurrency exchange that label themselves as the exchange of the people.
They started around November of 2017 and have already made great strides in the past half year! They grew their exchange volume from low 3 millions all the way to around $95 million today https://coinmarketcap.com/exchanges/kucoin/. During the crypto boom in December and January they reached up to $300 million trading volume. Now there are even more tokens on their platform!
KuCoin Shares
They label themselves this way because they have an exchange token KCS (KuCoin Shares), which lowers your trading fees AND shares a portion of the fees with KCS holders. The fees on the exchange are 0.1% flat fee. 50% of the fees are allocated towards KCS holders.
In addition they take some of the profits each quarter and do a KCS burn, so the supply of KCS will go down until it is 100 million. Here is a proof of their KCS buyback and burn https://news.kucoin.com/en/kcs-buy-back-and-burn-procedure-update/.
Referral Bonus
Now they have reimplemented KuCoin Referral Bonus Program after creating a new backend system to handle all the KCS Bonus payments on time and in full!
The KuCoin Referral Bonus Program will give you 20% of the fees that any of your referrals pay.
Over all if KuCoin Exchange does well and you are a KCS holder you do well also! I believe this is a great token to hold come the next crypto bull run that will happen before the end of this year. Take advantage of these prices and this referral system to have plenty of passive income when the next bull run hits.
Good luck and happy trading everyone!
My Referral Link: https://www.kucoin.com/#/signup?r=E5i24V
Non-referral Link: https://www.kucoin.com/#/signup