Kucoin - The next generation exchange has arrived! Earn passive income while you trade!

in kucoin •  7 years ago  (edited)

Join Kucoin now !! : https://www.kucoin.com/#/?r=1rNNH

There was once a very young cryptocurrency trading platform in the town --- Binance who stole the limelight from Bittrex as the most popular exchange for cryptocurrency. And Binance did it in less than 6 months!

binance1.jpg

Sources from coinmarketcap.com

All this achievement was possible thanks to Binance's new business model, trade competitions which promises attractive prizes, aggressive coin listing and also referal system. But there's much more to it. Binance has its own token, which is called BNB token. The purpose of this BNB token is to pay off your trading fee, saving up to 50% of your trading fee. Since then, BNB token skyrocketed 50x and more!

Introducing Kucoin!


Kucoin plans to take what Binance did to a whole new level! Kucoin charges a 0.1% fee for every trade both from buyer and seller, summing up to 0.2% fees per trade. And 50% of this fee will go directly back to KCS holders! KCS is Kucoin shares which Kucoin exchange own token just like what Binance did. But you will earn passive income by just hodling this token! As of now it's around 7$! I do think it's still early and no many are aware of such exchange!

So how much can you earn by hodling Kucoin shares?


Let's say you decided to buy 10k$ worth of KCS,

Current KCS price is : 7$

Amount of KCS you can buy now : $10 000 / 7$ = 1428

Daily volume : $151,887,748 (Source : https://coinmarketcap.com/exchanges/volume/24-hour/)

Fees collected : $152 000 000 (for simplicity) x 0.2% = $304 000

divident paid out : $304 000 x 50% = 152 000$

Circulating supply : 91,043,076 coins (once again provided by cmc)

Your share of the dividents: $152 000 x (1428/91 043 076) = 2.23$ per day

You might say this is not much at all! But let's say what if Kucoin become the next BInance? Binance today is trading around 5 billion dollar per day. But lets say conservatively Kucoin can reach 1 billion dollar transaction volume per day. The daily volume will 9x of what you're having today! Which earns you of around 18$ per day! So in 30 days you'll earn around 540$! Which is not bad at all.

DO keep in mind that, if you reinvest those money you earned to buy more KCS. There's potentially a handsome amount of passive income snowballing everyday into your pocket! To date, KCS already has achieved astronomical growth of 700% since it's first launched!

Additional benefits

  1. KCS you hodl will grow in value along with the popularity with Kucoin. As daily trade volume increases, KCS token will rise in price too! In years it might grow as much as 50-100x in price as more traffic comes in.

  2. The dividends you received are not in dollar or KCS. But you will receive all kind of cryptos including NEO, BItcoin, Ethereum and etc! So you can earn way more if those top coins will rise more in the future!

VIdeo explanation by Kucoin themselves :

steembannerforme.jpg
Join Kucoin now !! :
https://www.kucoin.com/#/?r=1rNNH

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thanks for the update

Thanks for reading ;)

Its my pleasure, i always read your posts.

Wow really? Thanks so much man. At least all the hard work i poured in, someone out there in the universe know how to appreciate my work. Thanks for letting me know!

oh! this is extremely interesting thanks for shearing!!! I'll definitely be looking into this one :) love me some dividends haha

Yeah do use my referal link :P

I think Kucoin has a shot at eventually beating binance. If so, more profits for KCS holders. Crossing fingers.

That would be awesome! XD

Thanks - this is actually super interesting. I'm going to check that out! :)

oh!this is extreamly interesting
tnx for shearing!!!

Thanks for Sharing... Does it have Steem & SBD?

I honestly have not made a single crypto trade jet. And, my knowledge of trading and markets is limited to say at least. So thank you for sharing your knowledge with us here. I am sure there are many users like me still learning the ropes of crypto.

This seems like a great deal and I will keep it in my mind the more I learn about the markets, trades, and investments.

Great post, very well written, and informative. Keep them coming. Have a great day. :)

Thanks so much dor your comment dude. Thanks for checking out my post even! Yeah Im trying to simplify crypto as much as possible. Trading them is certainly one of the most profitable way. I do have some tutorials how to trade with market analysis for noobs. Hope youll like it!

Very good post this type of projects are good and it is seen that kucoin has a lot of future, invest think as investors in this world of cryptocurrencies. I wish you much success, greetings from Venezuela I hope we can continue reading

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I had never heard of this coin. I will certainly look into this a little further. Thanks for sharing

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oh well, you already did a kucoin :d ! but I can perhaps write another one haha