Impeccable team who is vesting most of their revenues into R&D on blockchain with an ambitious goal of becoming the top 10 crypto exchange platform by 2019.
We are talking about KuCoin Shares.
I first heard about this coin in a facebook group and then I dug up their whitepaper.
I will be honest with you, their bonus system looked like a MLM pyramid. For a team of such cadre, writing it off as MLM did not make sense so I continued my research. Then it struck me. It makes sense.
What is the most important aspect of any exchange?
Volume!
How do you gain volume?
Users.
How do you gain users in a very competitive crypto exchange platform space?
LOW FEES
INCENTIVIZE MARKETING
That is exactly what the team did.
You not only get 50% SHARE of the fees that the platform collects, you also get an indirect share of trading fees paid by your referrals.
Even if you had no referrals, by merely holding KCS on the platform itself makes you eligible for rewards.
I have never been a fan of BitConnect, it to me reaks pyramid scam all over. NOT with KCS. The reason is simple, KCS team is going to buy back the 100 million over next few years and take them out of circulation which means there are going to be less KCS who get the 50% fee share.
When you take that out of equation, what is left? The 40% share of fee that gets distributed to initial direct and indirect referrals.
By the time their goal to be one of the top 10 exchanges is fulfilled they would have hit the bulls eyes, keep the 50% fees in the system by burning as many KCS as possible and increasing the volume by having users invite other users onto the platform.
It is a genius stroke of using MLM type structure to achieve the target of penetration.
After reading their whitepaper and looking at the team, I am betting not on the PASSIVE INCOME which is a good bonus to have but the potential this project may hold in the coming months and years.
All the success factors are present:
GREAT TEAM: Team includes members from Ant Financial of Alibaba Group, Senior Partners and more. Check their whitepaper
HAND PICKED QUALITY CRYPTOS LISTED this creates competition among future projects to get listed on their exchange as it would be a validation of worth of coin by getting listed, having said that, I am not sure what Black Hole Coin is, other than that, I have seen all quality projects listed on their platform
LONG TERM VISION this is represented in their funding of R&D to revolutionise the blockchain space
PASSIVE INCOME a whopping 90% of trading fees is shared at 50% going to KCS holders and 40% shared with direct and indirect referral users
SCARCITY will be created by buying back the KCS from the market and burning them. Owner and angel investor pool is NEVER eligible for the share of cut from the fees which means those who own KCS long term may start seeing their daily pay outs go higher and higher not just by volume but also due to lesser circulating KCS
TRADING DISCOUNT 80% discount (compared to 50% on Binance) on trading fees for individuals holding KCS (which means, less circulating KCS for purchase thus inflating its value)
DAILY PAYOUTS this is huge, especially if the exchange becomes one of the top 10 or even 20, the average daily pairings and resulting fees distributed in respective tokens makes this a slam dunk. If you want to buy quality projects, you just have to buy more KCS and let it earn more of these quality project shares!
Picture is worth 1000 words and here is the picture of my first 24 hour payout:
You will probably make more money by investing in a coin that might double or triple in a few weeks, that is true in short-term, however, the potential for passive income that a successful exchange can generate outweighs short-term gains (in my view).
Even before their marketing campaign - they are generating results like above, imagine once it hits 10 million trading zone? Not so great YoBit exchange trades more than 20 million a day!!!
There are many pros and cons in investing a long-term project and for KCS I have found more pros than cons. And if the team behind this starts marketing and gets in the limelight - it will definitely send ripples in the industry, especially with their dedicated R&D team.
I appreciate, as always, if you used this referral link to make your first purchase of KCS (if you decide to) for bringing this to your attention: https://www.kucoin.com/#/signup?r=E2SdA2
Opinion. Not an advice. Do Your Own Research.
i need to hold kcs or can i hold any other coin also?
for example holding SNT will give me SNT?
Nope you have to hold KCS, then you will get a tiny percentage of everthing traded. It adds up, but need a decent size holding to really notice. If they do actually do a coin burn that will be a major catalyst for increase in KCS price. They are still cheap now.
Weird, I hold around 70 coins and never got paid so far.
You have to hold the KCS coin. I have some doubt at 1st, because I thought why would they share the profits. Then I after i started to see the deposits i had to buy more KCS. It made me want to buy more. Its like why not not hold a coin shares with you profits it only make sense.
Thank you for your great information. I also bought Kucoin KCS. A ton of promising coin here. Kucoin Shares (KCS), Red Pulse (RPX), NEO, Digibyte , OmiseGO , EOS, Populous ,I also got free altcoin as passive income daily
For more information about Kucoin Review: Thanks agian!
#bitcoinnewbies
Hi there, if you want you can calculate daily income from KCS with this calculator https://kucoinshares.com/
I also think this exchange has massive potential!
The only option to purchase KCS is with your BTC at the moment. I wish ETH was also an accepted pair. Do not really want to spend 0.001 BTC at current prices to transfer from an exchange. Have you found any other ways to purchase KCS?
Have a look here... you should be able to buy KCS with ETH -> https://coinmarketcap.com/currencies/kucoin/#markets
yes thanks, I got that later and bought some. It's pumped up quite a bit though.
yes thanks, I got that later and bought some. It's pumped up quite a bit though.
Recently discovered this coin, looks very interesting. Thank you for creating this post.
Hey man you are lucky right now if you bought this coin.
Thank you. I got 150 at £0.30 and another 100 at £0.51.
Sadly I recently discovered this coin. But it has potential to grow more like Binance. Also they have coin burn this year.
Coin burn?
I just looked at the price and it is £6.00. What is going on? That is amazing. How could it be more like Binance? I heard that Binance is beating it.
What is fueling the growth of the exchange?
Because of the KCS daily dividends and bonuses. More people surely want to trade in Binance but this exchange is just new. They are just starting to list new coins.
I thought so. When it reaches £15 I will take out my capital and everything will be NMD. It is a very interesting platform.
There is another coin I have my eye on: https://vicetoken.com/
They will ICO on 8th February.
I really like Kucoin. It has a lot more coins than Binance. For example, XRB, ACT, KCS. Feel free to use my link: https://www.kucoin.com/#/?r=7PRdMh We will both get bonus.
Thanks, does anybody know what is the minimum KCS I need to hold to get a daily payout?
You need atleast 6 KCS to gain a daily payout. And it generally takes 3 days before you see the payout.
You can check how much bonus payout you can expect with this KuCoin Calculator
Thanks, just the info I was looking for!
Excellent read! thank you for all this information.
They have a token burn every quarter of the year. First quarter of 2018 is almost here. Should see a rise in price!
There is still place to grow for Kucoin. Binance has about 100x trading volume (24h).
Holding a few KCS and wished I have a few thousands. Problem with the fractions of coins is, you can never cash this out?!
you will have to trade them to a single coin as much as possible, for some coins that only trade btc it might indeed be hard. Holding few kcs might have you miss out on some coin profit because of too small fractions.
It would be advisable to have at least 100 or so.
Damn today it was like 50%+ for KCS and I missed to buy at 1,50€. You are right with the fraction trading. And the profit will be more when KCS is rising again, too.
i share this to you guys on how you can earn with your kcs. https://thecashdiaries.com/2019/02/15/making-money-with-kucoin-shares/