What is KuCoin Shares (KCS)?
Future of KCS Cryptocurrency and know how to buy KCS

#1 - KuCoin Shares: The Basics

KuCoin Shares is one of the younger class of cryptocurrencies that is used for KuCoin exchange’s bonus plan & other transactions between the 200+ digital assets that the exchange supports. The coin is gaining traction because of its claims to be providing digital asset transactions and exchange services which are safer & more convenient because of its state of the art transaction platform.

What is KuCoin Shares

  1. KuCoin Shares is KuCoin exchange’s native currency that rewards its users on the basis of the success of the exchange. This is gauged in terms of transaction/trade volume. The dividend payment is directly proportional to the number of KCS one holds.
  2. The KuCoin Shares cryptocurrency is denoted by the symbol KuCoin Shares. Its total supply is 200 million KCS, but after a buyback this will come down to 100 million.
  3. KuCoin Shares ICO began on 2 September 201. They were not subjected to any lock-up period.
  4. Holding KuCoin Shares gives users exclusive services like one-on-one investment consultation, customer service Fast-Pass, trading fee discount, etc. on transacting through KuCoin exchange.

KuCoin Shares Development

  1. The KuCoin exchange is registered in China.
  2. KuCoin Shares was founded by Michael Gan (former technical expert of Ant Financial of Alibaba Group) who is the CEO of KuCoin exchange. He heads the core team of 12 members together with COO, Eric Don famously known as a “senior Internet researcher, systems architect, and Internet industry star”.
  3. The proposal of Kucoin Bonus in September 2017 was followed by the listing of over 50 mainstream cryptocurrency pairs. KuCoin exchange has recently started offering cryptocurrency pair self-releasing feature which has taken the exchange platform in the Top 10 cryptocurrency exchange platforms.

 

#2 - KuCoin Shares Technology

  1. The KuCoin exchange platform is highly scalable because of its hardware-accelerated and highly-efficient memory matching technology which has a maximum order-making capacity of 2 million+ per second & maximum order-processing capacity of 1 million+ per second.
  2. KuCoin’s state of the art underlying financial system consists of an advanced multi-layer and multi-cluster architecture. It also has bank-level disaster-proof deployment on two locations and three centers for multitasking in several locations. This ensures the stability of the system in situations like hardware failure & natural disasters.
  3. All data transfer layers are encrypted with the industry standard transfer encryption protocol. This way all the user data and other sensitive data is stored through bank-level data encryption. It provides maximum security for sensitive operations such as transaction or withdrawal with its multi-factor dynamic authentication mechanism.

Features

  1. KuCoin distributes 50% of the trading fees to KCS holders in the form of KuCoin Bonus every day. KCS holders receive this bonus in 2 forms. One form is small amounts of the 70+ coins (including the new additions to the exchange) & the other is KCS tokens.
  2. The minimum quantity of KCS holding for receiving 1% discount on the trading fee is 1000 KCS coins. The maximum discount on the trading fee that KCS holder can get is 30%. For example, if you hold 10,000 KCS you will receive a 10% discount, but by holding 40,000 KCS you can avail of maximum 30% discount.
  3. Kucoin guarantees no delay or lag throughout the core order process even when the market booms which makes transactions on this exchange much faster than its peers. Seqmless transactions are because of the hardware-accelerated memory matching technology.
  4. KuCoin exchange platform is user-friendly. It offers 24*7 customer services through multiple channels like webpage, hotline, e-mail, etc. It has a pre-pay and withdrawal safety system that is inspected by Artificial Intelligence algorithm. Order requests are passed only after inspection by the automation system.



#3 - How to Buy and Store KuCoin Shares?

How to buy KuCoin Shares / How to buy KuCoin Shares

KuCoin Shares coins can be bought in exchange for other cryptocurrencies like Ethereum, Litecoin but not directly for fiat currency. KuCoin Shares is exclusively available to trade on KuCoin exchange & CoinSwitch.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the KuCoin Shares cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for not just KuCoin Shares, but all other cryptocurrencies as well. This way you can choose the best deal for you!
  2. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

KuCoin Shares Storage

KuCoin Shares is an ERC-20 token, which means it is supported by any Ethereum wallet natively. It can be stored in the following wallets:

- MyEtherWallet

- Coinomi

- MetaMask, etc.

 

#4 - What is the future of KuCoin Shares?

Also Read: Complete Analysis of KuCoin Shares | Live KuCoin Shares (KCS) Price Charts And Predictions

  1. As of July 2018, its market capitalisation stands at $248 million USD.
  2. With its growing user base and increasing number of cryptocurrencies being offered, KuCoin may be set up for a strong run in the markets. KuCoin Shares prices rose steadily in to achieve an all time high of $19.04 in January 2018 as compared to just $0.4 in December 2017.

KuCoin platform users are getting $0.15 USD per day for every $1000 that they invest. Many analysts suggest that this amount will grow exponentially in 2018.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

2.03

2.04

1.95

1.98

1,087,750

184,336,000

Jun 01, 2018

3.08

3.14

3.01

3.08

292,715

279,538,000

May 01, 2018

4.08

4.09

3.90

4.08

771,306

308,901,000

Mar 01, 2018

2.27

2.31

2.13

2.23

239,712

206,717,000

 

#5 - How is KuCoin Shares different from other cryptocurrencies?

KuCoin Shares has multiple standout features making it unique from most other cryptocurrencies.

  1. KuCoin has a combination of over 70 low-market cap altcoins, tried-and-true giants & several coins that are not listed on other major exchanges. So, investors have a fair chance to exploit the full potential of these coins by buying them on Kucoin, as it has the lowest trading and withdrawal fees. What’s unique to KuCoin is that it gives dividend to its users with the native trading token, KuCoin Shares.
  2. KuCoin has a robust R&D team that is increasing the scalability & service quality of the exchange. Unlike many other exchange platforms where scalability is a major issue, Kucoin's capable of long-term and large-scale online/offline promotion & operation.
  3. Kucoin secures the exchange on the operational level through its special internal risk control and operation process departments which work within the regulated usage standards.
  4. KuCoin provides maximum security of online data which can be used only after it undergoes multi-level review, approval & desensitization.

#6 - Should you invest in KuCoin Shares / invest in KCS?

  1. KuCoin Shares volume is expected to grow as the daily trading volume on KuCoin, hence, trading fees collection grows & thus, the size of dividend payout grows. This can lure investors to hold KCS token which may even increase its value.
  2. KuCoin faces stiff competition from OKEx, but with a trading volume soaring to $128 million USD, it may continue to grow its community exponentially as it is being projected to be one among the top 5 exchanges in the world.
  3. The growth of KuCoin may even lead to the withdrawal of its dividend scheme which could make threaten KCS’s value, and leave it as one of the many run of the mill cryptos.
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