KuCoin Shares (KCS) is a major utility token for traders on the KuCoin Exchange. The exchange has recently re-branded and added new features.
You can earn passive income just by holding KCS on the exchange, and being part of their Bonus scheme (more on this below).
It is a large and trusted exchange, and a good competitor to Binance, which is important. I personally like the interface and would say it’s a little smarter and more interesting.
Binance’s BNB utility coin has been on the rise lately, partly due to its Launchpad section (or ‘IEOs’ – Initial Exchange Offerings), bringing renewed interest in early stage crypto projects, after the ICO boom declined somewhat in 2018. BNB has also risen due to the launch of Binance DEX (decentralised exchange alternative) which should bring renewed trust and security to crypto-trading in general, although it may take some time.
It’s still early days in the crypto space. There’s no reason why KuCoin and KCS (see livechart) won’t experience some similar growth and success, especially with an attractive incentive program that rewards those who keep their KCS on its exchange.
KuCoin will still need to keep up though, as Binance re-invests continually in development.
The Bonus Scheme
KuCoin pays out regular bonuses to its investors via its native token, effectively sharing revenue. Below you can see a screenshot of my Bonus (and Referral Bonus) dashboard:
If you’re thinking of joining up at KuCoin’s exchange, and hodling some KCS there, it could be a wise investment. [I’d appreciate if you’d use my referral link to earn Ade’s Press a reward for this post].
First, see some more information below, which is where I did my own research….
You can read the latest on the KuCoin Bonus scheme via the help page at KuCoin. Be aware this program may be subject to change.
To read an in-depth review of the exchange, how to use it, and the passive reward scheme, see this review from InvestinBlockchain.com
KuCoin btw comes with decent mobile apps, for trading on the go.
Will there be a KuCoin DEX, or decentralised exchange on its own blockchain? Perhaps, but no news for now.
Btw, you can buy KCS on Binance if you still believe in the coin’s future, but don’t want to sign up to KuCoin’s exchange.
Note: This entry forms part of my personal adventures in crypto-space. Comments, ideas and corrections really appreciated to enhance my site and help me educate/be educated. I may even ask you for your (best) crypto address so I can send a tip in exchange for helpful correction/insight.