Kucoin is going to become a fantastic source of passive income. Launched in September 2017, Kucoin exchange has its own coin KCS (kucoin shares) similar to Binance's BNB. However, reward mechanism is different.
Binance rewards BNB buyers by discounting up to 50% trading fees when paid with BNB. Kucoin rewards users for just holding KCS. Reward amount is calculated based on user's total number of KCS and daily total trading volume. In the whitepaper, Kucoin plans to distribute 90% of profit from trading fees to users - 50% will go towards KCS holders and 40% to referral links.
Kucoin has a fantastic team and support members that are responsive and constantly updating with progress. Kudos to Kent Li, the operation manager from Kucoin, for always being on Kucoin's telegram channel.
Trading volume is still very small and there is a lot of room for growth. My daily award from Kucoin has been growing exponentially. Value amount isn't high, but the growth percentage really excites me. Within a couple of weeks, that value grew from less than 1 cent to over 30 cents now.
Below, you can find some more information about Kucoin in comparison with Binance, which is another excellent exchange. They bring different things to the table and I see value in both. But Kucoin, being late to the market, has much more room to grow for now.
Red line is Binance and blue line is Kucoin on Google Trends.
Supply
Kucoin
- Total supply: ~181 million
- Circulating supply: ~91 million
Binance
- Total Supply: ~199 million
- Circulating supply: ~99million
History
- Kucoin found 9/25/2017
- Binance found 7/15/2017
Daily Trading Volume
- Kucoin = 975 BTC
- Binance = 13,000 BTC
Trading Fee
- Kucoin = 0.1% and up to 30% discount by holding KCS. Sometimes no fee during promotional periods i.e new coin release.
- Binance = 0.1% but 50% deduction if fees are paid with BNB.
Kucoin incentivizes traders to buy and hold KCS, while Binance promotes buying and using BNB.
Neo Gas
- Both Kucoin and Binance give you Gas for holding Neo.
Rewards
- Kucoin has 2 reward systems - 1 for referral link sign-ups and 1 for holding KCS. Kucoin exchange shares 90% of the profit with users while they keep 10%. Of 90%, 50% goes to KCS holders and 40% goes to referrels.
- Binance just started doing referral program.
If you guys found this post helpful and want to know more about Kucoin, please sign-up using my referral link.
Kucoin: https://www.kucoin.com/#/?r=E2Wyzg
Binance: https://www.binance.com/register.html?ref=10713685
Always be safe.
Thanks for info. I also bought Kucoin KCS. A ton of promising coin here. Great platform. Low fee 0.10 %
We can buy Kucoin Shares (KCS), Red Pulse (RPX), NEO, Digibyte , OmiseGO , EOS, Populous ,DRGN, I also got free altcoin as passive income daily
Kucoin will hit $10 soon.
For more information about Kucoin Review:
#bitcoinnewbies
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STOPKucoin is great really. Planning on throwing more money on there coin. Especially if volume grows then this could go very far
Kucoin is nice, it has a lot more coins than Binance. Some good ones to consider are XRB, ACT and KCS.
Feel free to use my link: https://www.kucoin.com/#/?r=7PRdMh We will both get bonus.