Kucoin is a cryptocurrency exchange based in Hong Kong. Since its inception in 2017, the exchange has gained lots of traction and support due to its ease of use and simplicity. The Kucoin exchange has its own cryptocurrency called KuCoin Shares (KCS). Holders of this kucoin token receive dividends on a daily basis based on the amount of kcs tokens they hold and the trades which are completed on the platform. Holders also receive exclusive promotions, rewards and offers from the exchange.
KCS is currently issued as an ERC-20 token running on the Ethereum network. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin’s decentralized financial services as well as the governance token of the KuCoin community in the future. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain.
The KuCoin Platform currently provides Crypto Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world. KuCoin is increasingly becoming popular and growing fast. As the core of the KuCoin ecosystem, KCS, will be the underlying fuel and native token of the KuCoin decentralized products, which will benefit the KCS holders and ecosystem builders.
KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares.
By holding the KCS Token, you do not only receive a nice passive crypto income but you can also benefit from the growth of the platform. The bigger the exchange becomes, the more valuable KCS will become and the more KCS yield will get distributed to its holders.
KCS Bonus is a unique incentive mechanism for KCS Token holders. It is a great way to earn some passive income in crypto.
All users that hold at least 6 KCS on the KuCoin platform can get a daily KCS Bonus, which comes from 50% of KuCoin's daily trading fee revenue.
So for example, if the total amount of fees collected for the day was $10,000, then $5,000 would be shared between all the holders of Kucoin Shares, daily!
The trading fees will be paid to you in Kucoin tokens which you can either sell or simply keep to receive more dividends in the future!
The amount of rewards that users can get, depends on the number of KCS held and the trading volume on the KuCoin Exchange. Based on historical data, the estimated annual KCS yield ranges from 3–30%.
The KuCoin Staking Rewards Calculator on KuCoinShares.com is based on the current live data from the exchange. The more success and higher trading volume the KuCoin exchange has, the more bonus you can earn by staking KCS.