The Kucoin Exchange is different to other exchanges as it offers a Bonus (Dividend) to owners of Kucoin shares (KCS). Depending on the volume of trading the Kucoin exchange does on any given day will determine the payout. The Kucoin Bonus can create a passive stream of income by HODLing KCS tokens.
Fees off the Kucoin Exchange are taken out of the orders that are made on the exchange. For example, a person buys ETH, .01% is taken as the fee and inverse say you sell BTC, .01% is taken as the fee. So when everything is said and done, all the fees are gathered at the end of the day and spread out proportioninately per KCS token. If the payment is less than a penny, then there is no payout.
Your Kucoin Bonus is paid out proportionately
Please see the link to the Kucoin Calculator below, so you can figure out how much you can make, daily, monthly, annually.
https://docs.google.com/spreadsheets/d/1KaVWvgxcu2o6DYSXGQFeQ92H1Sfd6LbmXy6nY7WucjQ/edit#gid=0
If you are not a member of the Kucoin Exchange, click here to get onboard.
https://www.kucoin.com/#/?r=1sdx6
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I love this exchange. It's had some growing pains, but I still love it so much! I actually make daily videos about KCS and how I trade it because I want to share the love I have for this platform!
Their growth as far as volume is concerned is kind of at a stand still. I wish they did not get rid of their referral program. Were you able to get in on the referral program or did you get in after?
Nah, I'm happy they took it out tbqh. People just mass create accounts under themselves and setup bots to constantly trade with exchanges with referral programs. Kucoin has enough bots. Time to get HODL'ers and speculators on there!
Never thought of it that way. Definitely another angle to take into consideration.