KuCoin Overview
- Business model: Crypto Currency Exchange
- Symbol: KCS
- Coin type: ERC20
- Token benefit: Owners will earn a share of revenues which come from exchange fees.
- Current issuance: 200 million, of which 100 million by the team and advisors. The founders and advisors will be locked until Sept 2018 and Sept 2021 respectively.
- Value: Good Customer service, Secure platform, Bank-level encryption
Opportunities for KuCoin
- KuCoin can grow as the cryptocurrencies market grows. The top 10 platforms in the world transact 10 million each with an average commission rate of 0.1% this a revenue stream of $100,000 per day. Fees on Poloniex start at 0.15% and on Bittrex at 0.25%
- KuCoin is focused on marketing, with many incentives for its users to promote Kucoin. This creates liquidity, community and fee revenues.
- Encryption and security of the platform is similar to banks, They use a system of macro and micro bank wallets.
- Strong business continuity and disaster recovery planning.
- Can transact more than 2 million transactions a second.
- Users holding KCs will jointly be awarded 50% of the trading fees and discounts on their trades.
- 10% of the net profit will be used to buy back KuCoin coins until they buy 100,000 tokens.
- The Team seems to have a reasonable amount of experience in managing large projects.
- KuCoin has an emphasis on R&D, in the future, they plan to decentralise certain parts of the exchange.
- KuCoin offers Coin pairs before other exchanges do. This will enable them to capture market share.
- Deposits into the platform completed within 2 minutes and withdrawal within 10 minutes.
- Neo deposited on KuCoin receives GAS daily.
KuCoin has a working exchange, this is a proof of value! Compared to many other ICOs this is a more solid value proposition.
Users can recommend their friends to KuCoin, by doing so they will earn a slice of their trading fees.
KuCoin’s referral system, gives 40% of trading fees to the users.
Concerns about KuCoin
- KuCoin is an exchange based in HongKong, although is not part of the business regime of China, it does fall under Chinese rule.
- KuCoin will not be a fiat gateway
- Exchanges are a very competitive market, with the likes of Exscudo and on the verge of being launched. KuCoin needs to work hard on their competitive edges to make this a success.
- Many pairs are already trading in established markets, with key market makers comfortable with the level of security these alternative exchanges provide
- KuCoin could have benefited from a name which describes their value proposition better.
Conclusion
The strong focus on marketing is a big bonus to create liquidity on KuCoin, users are incentivised to hold the KuCoin and to buy their cryptocurrencies on this exchange. It has an easy to use interface with a focus on making trading easy.
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While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
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While it may be a scam in your opinion, it could NOT be considered spam until you have any credible evidence supporting your belief system. Terming your fears as spam is not appreciated by the community and is considered bullying and terrifying. You can be considered a cyber terrorist!
Some things that can be considered bullying:
Unnecessary thrusting your opinions without any supporting evidence.
Putting repetitive comments without adding any valuable input to it
Quoting authoritative sounding language and
threatening fagging and actions from cheetah.
Keep your belief system, opinions and fears to yourself or come up with some legitimate arguments to make yourself sound sober!
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steemcleaners was right however, this post is just a copy and paste of this article: https://www.investitin.com/kucoin-review/
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For me the best investment was to kucoin shares when it was 0.4 USD, you recieve dividends and price is already + 400%.
For me Kucoin / Binance are the best exchanges right now (but I hope bitshares will be better in future as I invested also a lot :D)
I already posted my review on affgadgets
http://affgadgets.com/kucoin
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Thanks for information. I also got some bonus from Kucoin
For more information >> Kucoin Exchange Review – Crypto Exchange receive daily passive income!
#BitcoinNewbies
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right now the returns from KCS bonus aren't good enough. Much better to delegate some sp to a bot or stake neblio for passive returns.
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This post has received a 2.00 % upvote from @booster thanks to: @yuz.
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Interesting! Will be checking this out further. Thanks for the post, very informative.
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upvoted
may be this interests you
https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days
thank you for your time
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thank you for your article
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Congrats this post was randomly resteemed & upvoted by @superbot - the Best Resteem bot on Planet !
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https://steemit.com/protest/@mak78/hundreds-in-hollywood-march-against-sexual-harassment-me-too
Check the post , if you like the content then follow and upvote me for more.
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Very interesting post...
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nice
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good article highlighting pros and cons
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This post has received a 25.51 % upvote from @lovejuice thanks to: @yuz. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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Participate now in token sale spotlight of projects in kucoin.
https://www.kucoin.com/news/en-tutorial-for-participating-in-the-token-sale-of-spotlight-projects
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Thanks for this informative post! I love this exchange, and their model is very intelligent for growth.
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This post has received a 12.50 % upvote from thanks to: @yuz.
For more information, click here!!!!
The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
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Congratulations @yuz! You have received a personal award!
1 Year on Steemit
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard!
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
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And they really looking for more improvements. That is why i like kucoin :) Btw did you already answer their questionnaire? https://twitter.com/KuCoinUpdates/status/1068414148294381568. I don't know if they have plans to make this often. but at least they doing this right now.
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After their nice 1 year run they are now getting ready for their 2.0 release. here are some updates: https://news.kucoin.com/en/kucoin-platform-2-0-bi-weekly-progress-update%EF%BD%9C2018-12-17/
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hey Thanks for sharing this is very helpful. btw i saw this on kucoin's post as well that they list a new project called aergo. https://twitter.com/KuCoinUpdates/status/1074939835402596352 and I just wanted to ask if you can make a review on the project that they list for us to know more about it.
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Kucoin Recently had their Platform redesign which is the KuCoin 2.0, they had new worth to utilize highlights and I should state that it is extremely a decent one, you better look at this. https://www.kucoin.com/news/en-KuCoin-Platform-V2-Upgrade-Complete?utm_source=quora&utm_medium=referral
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Congratulations @yuz! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
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I really like Kucoin. It has a lot more coins than Binance. For example, XRB, ACT, KCS. Feel free to use my link: https://www.kucoin.com/#/?r=7PRdMh We will both get bonus.
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