KuCoin Shares (KCS)
Let's put in background, 5 months ago appeared an exchange of nothing called Binance. You all know him, because surely you have an account in him to trade. Slowly this exchange has been growing and has surpassed Bittrex, which until then was the one that sent. It was all thanks to the advertising model, support that has been in ICOs, trading competitions (for example, the TRON recently).
But if something has interesting Binance is that it has its own currency. The BNB. The utility of BNB is to save commissions, however, it also serves to trade. This has led to an increase in the starting price of about 50 times because people do not stop buying it. And we are talking about 5 months of life.
Then the KuCoin exchange appears ...
KuCoin decides to go a step further. Create an alternative to BNB, the KCS (or KuCoin Share). He decides to charge 0.1% fee in each trade (buyer and seller, total 0.2% fee), but decides that half of this commission goes to the KCS holders.
The volume of this exchange is $ 60 million. It has multiplied in 5 days x3. This means that 60,000,000 * 0.2% = $ 120,000 is collected daily. So the daily dividend is $ 60,000.
Currently there are 100,000,000 KCS, so for every KCS you have you earn a day just by holing = 60,000 / 100,000,000 = $ 0.0006.
Direis ... what little no? But imagine that in two years KCS is placed in the TOP 10 of exchanges. We would be talking about a volume of half a million dollars, which means increasing that dividend by 10. There is talk that XRB could appear in KuCoin, imagine the impact in volume that currency can give to an exchange like KuCoin.
But beware, the other advantage is that you can also play with the KCS tradeo. Currently the price is skyrocketing and in marketcap is still far away from the top 20, which gives it the possibility to increase in price (and of course value and dividends).
Let's summarize
GOOD: Obtaining KCS we become investors of the KuCoin exchange and we gain a part of the dividend of its commissions
The exchange KuCoin has the possibility to grow a lot. More knowing the interest that KCS is awakening.
We can sell whenever we want our KCS, as one more currency.
BAD: The price of KCS may fall, making our initial investment unprofitable
KuCoin as an exchange could disappear. It is the same risk that occurs with BNB. They are coins that out of the exchange have no value.
It is an exchange based in Hong Kong.
You would win in the different currencies, look at the "BONUS" column. That is what you would earn. The change to dollars is the change to dollars at that moment of each currency.
That is, in KCS / BTC you would earn one part in KCS and another part in BTC. In USD / ETH, one part in USD and one in ETH. Etc etc,…
The issue of dividends is what I have explained. You will see it clearer in this link: https://kucoinshares.com/
I have about 60 of this coin and every day to have it gives me fractions of other currencies
Apart from the own value of the currency 4 $ (6 $ At the moment that I believe this) currently it is going up more and more
As soon as you put XRB, which will surely be before Binance, it will grow a lot, and we hope that your Coin does too!
You can register in the exchange here: https://www.kucoin.com/#/?r=1tNst
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