What is KuCoin Shares (KCS)?

KuCoin Shares (KCS) is a token created by the KuCoin exchange. This particular currency of KuCoin was launched in August 2017 along with the KuCoin Exchange. Built on the Ethereum Blockchain platform according to the ERC20 standard.

You will get profit from the success of the exchange, and the more you hold the KCS, the more dividends you will hold. The number of KCS holders will be calculated when distributing different currencies.

KuCoin Shares has many different uses: participating in buying IEO on KuCoin Spotlight, making transaction fees, using other utility products and services on KuCoin.

KuCoin will buy back the amount of KCS in the market, equal to 20% of the quarterly profit until the total supply is 100 million KCS.

The difference of KuCoin Shares

The liquidity of KCS is quite large because KCS has created a separate market, meaning that it can use KCS to buy and sell other coins. Thanks to that, anytime you need it, you can freely buy and sell KCS. In addition, you will receive a 50% discount when using KCS to buy and sell other coins.

The maximum total supply of KuCoin Shares is 200,000,000 KCS but then KuCoin will gradually buy 100 million KCS and then cancel and leave only 100 million KCS. Since then, the value of KCS has only grown and become more valuable. Similar to Binance Coin (BNB), the price of KCS coin will probably increase even more in the future.

The main feature of KuCoin Shares

  • KCS has an ERC20 token
  • Exchange security: The security system operates based on banking standards. The team even assessed the possible risks through 3 centers and 2 locations.
  • A high-performance engine for scalability: This technology is hundreds to thousands of times superior to conventional technology standards, so there is no delay.
  • Exclusive KCS ownership: Higher ranking KCS users will receive consulting services as well as direct advice on investment strategies and plans along with faster customer service.
  • Low fees: KuCoin trading fees for both taker and maker are 0.1% equivalent to Binance, lower than Bittrex (0.25%), reduce transaction fees for KCS owners and low withdraw fees.
  • Vote for projects in the program Vote for listing: This is considered a program to encourage users to own and hold KCS token.
  • Use KCS to join KuCoin Spotlight

Kucoin Shares project development team

The team behind the Kucoin Shares project is the developers of Kucoin; they are mainly from China and are experts in the fields of finance, internet, blockchain. Some key members are:

Michael Gam (CEO): is a former technical expert at Ant Financial, an associate of Alibaba Group in China. He is also a senior partner of Internet giants like MikeCRM and KF5.COM.

Eric Don (COO): Called “senior Internet researcher, system architect and Internet industry star”. He is also said to be CTO and senior partner of IT companies YOULIN.COM, KITEME and REINOT.

Top Lan (Technical Director): Technical expert in the open-source community, managing many open source projects on Github, designer and implementation of Kucoin financial exchange system.

Conclusion

The operating model of Kucoin, as well as KCS, brings many benefits to users and holders. KCS holders will almost become shareholders of Kucoin floor, enjoy the profits from the floor easily. It can be said that this is a fairly smart economic model for current cryptocurrency exchanges. Not many exchanges can apply this mechanism like Kucoin.

When investing in KCS, in addition to receiving discount incentives, dividends and price fluctuations, KCS will be the main profit. Therefore, if you are a user of KuCoin, you should hold a certain amount of KCS to receive all the floor’s incentives. And if you are not a trader of the floor, you should also hold and staking KCS, to get a safe and stable automatic income.

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