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Kucoin is a cryptocurrency exchange based in Hong Kong. Since its inception in 2017, the exchange has gained lots of traction and support due to its ease of use and simplicity.
One of the key features that draws traders to the platform is the sheer amount of new cryptocurrencies that are listed first & exclusively on the platform. Investors can also find a staggering 400+ trading pairs ranging from Bitcoin (BTC) to Dragonchain (DRGN), and this number continues to grow every month.
The Kucoin exchange has its own cryptocurrency called KuCoin Shares (KCS). Holders of this crypto receive dividends on a daily basis based on the amount of tokens they hold and the trades which are completed on the platform. Holders also receive exclusive promotions, rewards and offers from the exchange.
Kucoin have recently introduced IEO's (initial Exchange Offerings) via its Spotlight program. IEO's are essentially ICO (Initial Coin Offerings), however the key difference is that IEO are launched on and by the exchange. This reassures investors because the new cryptocurrency is required to pass security & validity checks, something which was never done in the ICO days. Also, in addition to this the IEO would have an established exchange listing presence, something which can be a struggle for new cryptocurrencies entering the market.
The benefit to Kucoin share holders is that in order to participate in these exclusive IEO's, users will need to purchase and use KCS tokens. This has lead to a major price increase (over 200%) to the token price and could hike up the asset price in future.
Its pretty simple, by being a holder of Kucoin Shares you will receive a daily dividend based on volume of trades on the platform and trading fees that are paid that day.
Kucoin shares a hefty 50% of all its trading fees with its holders. So for example, if the total amount of fees collected for the day was $1000, then $500 would be shared between all the holders of Kucoin Shares, daily!
The trading fees will be paid to you in Kucoin tokens which you can either sell or simply keep to receive more dividends in the future!
Previously Kucoin holders received a percentage of the payout in the coins (BTC, ETH, NEO) etc that were traded on that day, which sounds great right? However, unfortunately on occasion, the payouts where so small (dust) that they couldnt be sold. So the Kucoin team grouped the fees and paid token holders with Kucoin shares so they could be more flexible with their newly acquired assets.
A few reasons why Kucoin Shares (KCS) could be the right investment for you?
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Welcome to Best Cryptocurrency Dividends, we intend to become the one stop shop for all crypto investments. Our objective is simple, we want to provide you with easy to understand and simple tools which allow you to know what investment is right for you. Whether its a fee share token, masternode payout or bonus, we want to share this with you.
We currently feature dividend calculators for KuCoin (Kucoin), Bibox (Bibox) and Coss (COSS), BitMax (BTMX), NEO, Ontology (ONT) but we plan to extend this in the future, based on the comments of our users.