Crypto Investors, Here’s All You Need to Know About KuCoin Shares (KCS)
Of all the known crypto exchanges to date, KuCoin is relatively new. This being said, it not only houses an extensive list of tokens, but also a similar number of users on a regular basis. A recent Crypto Briefing report explored the different facets of KuCoin that might appeal to investors.
Before we peel the different layers of KuCoin, let’s start by defining who and what they are. While KuCoin is widely known for operating as a crypto exchange, it also has its respective native token dubbed, KuCoin Share with the ticker, KCS. When investors hodl a KCS, he or she is said to receive a daily bonus called a KuCoin Bonus, which is none other than 50% of the trading fees. Clearly, the returns as a bonus is positively correlated with KCS volumes, as an increase in volume implies more in bonus.
A Little About the KuCoin Team
KuCoin is the combined effort of GF Securities, Ant Financial, Youling, Jiangbang Communications and iBOX Pay, which are all specialists within the financial sector, as reported by Crypto Briefing.
Given the level of experience witnessed here, it doesn’t come of surprise that the KuCoin exchange has an impeccable layout and significantly low withdrawal fees. In addition, said players have contributed to a relatively secure platform, that has not dealt with problems such as hacks or scams in light of 2018.
A Look at KCS Trends
As of Monday, October 29, KCS, an ERC20 token, was reported to having a total market capitalization of USD$95,300,000 with its token price at about USD$1.05. Unlike most of the all-time high that took place is December of last year, KCS saw its price flourish to $20 sometime mid-January 2018, which some also consider part of the gigantic bubble.
KuCoin Deemed Safe from Regulatory Framework (For Now)
The need for a regulatory framework for both cryptos and respective exchanges has made an impact on a global level. What started off with the U.S Securities Exchange and Commissions (SEC) led other countries to see how the duo will be considered and whether or not they should be allowed altogether.
This being said, KuCoin is a Hong-Kong based crypto exchange currently operating in China. While China did have a ban on cryptocurrencies, the country has since reconsidered its stance, therefore, what this means for KuCoin will be an interesting one in the time to come.
To calculate the KCS Bonus one is surely to receive given he or she holds the token can be found in this link: https://kucoinshares.com/