KuCoin Shares (KCS) - A better way to Passive Income!

Impeccable team who is vesting most of their revenues into R&D on blockchain with an ambitious goal of becoming the top 10 crypto exchange platform by 2019.

We are talking about KuCoin Shares.

I first heard about this coin in a facebook group and then I dug up their whitepaper.

I will be honest with you, their bonus system looked like a MLM pyramid. For a team of such cadre, writing it off as MLM did not make sense so I continued my research. Then it struck me. It makes sense.

What is the most important aspect of any exchange?

Volume!

How do you gain volume?
Users.

How do you gain users in a very competitive crypto exchange platform space?
LOW FEES
INCENTIVIZE MARKETING

That is exactly what the team did.

You not only get 50% SHARE of the fees that the platform collects, you also get an indirect share of trading fees paid by your referrals.

Even if you had no referrals, by merely holding KCS on the platform itself makes you eligible for rewards.

I have never been a fan of BitConnect, it to me reaks pyramid scam all over. NOT with KCS. The reason is simple, KCS team is going to buy back the 100 million over next few years and take them out of circulation which means there are going to be less KCS who get the 50% fee share.

When you take that out of equation, what is left? The 40% share of fee that gets distributed to initial direct and indirect referrals.

By the time their goal to be one of the top 10 exchanges is fulfilled they would have hit the bulls eyes, keep the 50% fees in the system by burning as many KCS as possible and increasing the volume by having users invite other users onto the platform.

It is a genius stroke of using MLM type structure to achieve the target of penetration.

After reading their whitepaper and looking at the team, I am betting not on the PASSIVE INCOME which is a good bonus to have but the potential this project may hold in the coming months and years.

All the success factors are present:

GREAT TEAM: Team includes members from Ant Financial of Alibaba Group, Senior Partners and more. Check their whitepaper

HAND PICKED QUALITY CRYPTOS LISTED this creates competition among future projects to get listed on their exchange as it would be a validation of worth of coin by getting listed, having said that, I am not sure what Black Hole Coin is, other than that, I have seen all quality projects listed on their platform

LONG TERM VISION this is represented in their funding of R&D to revolutionise the blockchain space

PASSIVE INCOME a whopping 90% of trading fees is shared at 50% going to KCS holders and 40% shared with direct and indirect referral users

SCARCITY will be created by buying back the KCS from the market and burning them. Owner and angel investor pool is NEVER eligible for the share of cut from the fees which means those who own KCS long term may start seeing their daily pay outs go higher and higher not just by volume but also due to lesser circulating KCS

TRADING DISCOUNT 80% discount (compared to 50% on Binance) on trading fees for individuals holding KCS (which means, less circulating KCS for purchase thus inflating its value)

DAILY PAYOUTS this is huge, especially if the exchange becomes one of the top 10 or even 20, the average daily pairings and resulting fees distributed in respective tokens makes this a slam dunk. If you want to buy quality projects, you just have to buy more KCS and let it earn more of these quality project shares!

Picture is worth 1000 words and here is the picture of my first 24 hour payout:

You will probably make more money by investing in a coin that might double or triple in a few weeks, that is true in short-term, however, the potential for passive income that a successful exchange can generate outweighs short-term gains (in my view).

Even before their marketing campaign - they are generating results like above, imagine once it hits 10 million trading zone? Not so great YoBit exchange trades more than 20 million a day!!!

There are many pros and cons in investing a long-term project and for KCS I have found more pros than cons. And if the team behind this starts marketing and gets in the limelight - it will definitely send ripples in the industry, especially with their dedicated R&D team.

I appreciate, as always, if you used this referral link to make your first purchase of KCS (if you decide to) for bringing this to your attention: https://www.kucoin.com/#/signup?r=E2SdA2

Opinion. Not an advice. Do Your Own Research.