Changes on KuCoin KCS Usage

in bitcoin •  4 months ago

KuCoin is like a twin of Binance just with different (moslty) tokens.

They also have their base token KCS and now they changed rules of how its gonna pay dividends and bonuses.

As KuCoin's native token, KuCoin Shares (KCS) offers key features and benefits to holders and is the currency of the KuCoin ecosystem. We will be upgrading our bonus program for KCS holders to show appreciation to our users.

Based on feedback from users, we are taking every opportunity to increase the inherited value of KCS to bring the most benefits to loyal holders.

KuCoin plans to upgrade the KuCoin Bonus starting on July 10th, 2018. To accomplish this, we will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute the KCS back to users as the new KuCoin Bonus Program, replacing the old one.

Furthermore, all KuCoin Bonus moving forward will be given to users in KCS, not dust of other cryptocurrencies traded on the exchange, as voted on by users who completed our survey.

We believe this will simplify our KuCoin Bonus system and fit better with our user's expectations and wants.

Distribution Rules:
KCS holders with at least 6 KCSs will obtain this trading fee bonus. Typically, the bonus is released at 00:00 (UTC+8) each day. If the calculated KCS daily amount is less than 0.00000001 KCS, it will not be released that day.

Main advantages of KuCoin and why you should REGISTER THERE ?

  • NEO markets
  • KCS is still cheap if we compare to BNB
  • Coins ofter enter Binance later on
  • Cheap fees
  • Loads of bonuses and promos

Markets

You think KCS and BNB too expensive? Imho next coin in queque is BIX to be bought from Bibox.

My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

it's a great article, I hold to my KCS thanks for sharing

KCS is one of my top picks for sure and it's great they let you earn gas from neo staking.

@kingscrown thats right for future invest it is good.
Nice exchange

Yes, Bro Kucoin is very expensive exchange I it will be a number on exchange what is your opinion bro @kingscrown

replacing the old one.

What was the old rule?

·

They shared all collected tokens. Now they sell them and buy KCS and then assign them as the bonus. Instead of getting BTC and Eth and Neo and others, KCS holders are now only staking more KCS.

Posted using Partiko Android

Kingscrown excellent post and bright future of exchange

gracias por compartir excelente post saludos

@kingsxrown can we purchase kucoin from bittrex and how we can get kucoin free

It is a great article thanks for sharing this information

I smashed the upvote button for you and have resteemt it!😉🎉🎉💨

please stay tuned @fux

follow, upvote and please regularly comment my articles. I will upvote you soon! ;-)

use https://steemdunk.xyz

and share your unused upvote power to me ;-)
select @fux for daily curation.

letz keep in touch!
have a nice day!

i don't understand - what gives KCS its value now? it has no use case beside making more KCS?....

KuCoin is making this change to make sure that its users stay loyal to the project and moving forward it will attract more users, however every coin success depends on the team working for it, let see where Ku coin lands in future

My Best exchanges #Kucoin
Thanks to updated @kingscrown