Kucoin is an up-and-coming exchange that has vigorously set out to acquire new users and a significant share of the market. Based in Hong Kong, Kucoin plans to leverage its geographic location to provide early access to some of the most promising coins in Asia as well as allowing for the trade of more established coins. Holding the KCS token allows platform users to experience a variety of benefits, including a 30% trading fee discount in addition to an award incentive bonus.

What Is Kucoin?

Kucoin is a fast-growing, up-and-coming cryptocurrency exchange that allows the trade of more established coins like Bitcoin, Ethereum, and Litecoin. Based in Hong Kong, Kucoin plans to leverage its geographic location to provide early access to some of the most promising coins in Asia as well as allowing for the trade of more established coins.

KuCoin uses a system called "the golden rule" which provides investors with an award incentive bonus. Every day at 12 AM UTC, a daily bonus is allocated between KCS holders based on their percentage of total KCS holdings.

This means if you have 1000 KCS tokens and someone has 10K tokens then you will receive 1% of all the bonuses allocated on a daily basis while the other person will receive 10%. This is an excellent way to reward those who hold larger quantities of Kucoins!

Kucoin Token (KCS)

Kucoin is the first cryptocurrency exchange in the world to offer a profit-sharing token. The profit generated by Kucoin will be distributed to KCS holders on a daily basis.

What does this mean for you? If you hold Kucoins, then you'll be able to enjoy an annual return of 12% according to the current ico price. This means that $1000 worth of tokens will yield $120 in profits per year!

We're still exploring the best way to allow KCS holders to swap coins with each other, but it's likely that we'll introduce some form of trading pairs. Kucoin plans on constructing turnkey programs for any coin under its umbrella, which will help save users time and money while adding more functionality and security.

KCS Price History

The KCS token launched in December 2017 at a price of $0.5 per coin, and by January 2018 had more than doubled to $1.2 per coin. It has since maintained stability between these two values, with prices currently sitting at around $1.5 per coin.

KCS tokens are also used to participate in the Kucoin Bonus Plan system, where bonuses for holding KCS are paid out daily. For example, if you hold 1,000 KCS on the platform you will receive an extra one percent on top of your regular trading fee discount (up to 30%). The more KCS tokens you hold, the larger percentage bonus you will get on your trading fees every day!

This means that it's possible for traders who spend less time on their trades each day to enjoy greater returns than those who spend more time on their trades every day. Kucoin is so committed to increasing its user base that they even offer a referral program whereby users can earn 40% of the trading fees of people they refer for life!

Conclusion

Kucoin is a cryptocurrency exchange based in Hong Kong. Kucoin provides trading pairs such as BTC/ETH and ETH/USDT and over 380+ cryptocurrencies covering over 760 currency pairs. Kucoin offers attractive trading fee discounts for those who hold their exchange's token (KCS).