The Kucoin bonus for every 10,000 holdings would be 10,000 by 100,000,000 (0.01%). So that the daily Kucoin bonus from this cryptocurrency pair is 0.003 BTC and 0.0476 ETH (1 BTC and 17 ETH annually).” The process is the same with other cryptocurrency pairs. Because of this system, the number of users directly or indirectly affect the price of KCS tokens. The price increased from 70 cents to.
Kucoin will always award contributors with 40% of the daily trading fee. 01:18 As a result, 20% of spikes trading fee will be awarded to Tom, 12% to Jerry, and 8% to you. 01:30 There is even more, 50% of trading fee is going back to users as bonus. 01:36 This means you'll get 20% of the trading fee produced by your direct invitee. 01:44 Besides, you can also have 12% of trading fee charged.
KuCoin Shares (KCS) on the other hand is a token for the KuCoin cryptocurrency exchange.The Exchange shares 50% of its trading fees with KCS holders on a daily basis depending on how much KCS tokens they own. Since the exchange charges trading fees for tokens traded on the platform, KCS holders get different coins as a bonus over time and not just the KCS tokens.
Bonus and Promotions. Another area that KuCoin excels in is their very generous bonuses and promotions. As mentioned earlier, KuCoin only retains 10% of the fees they charge, returning 90% of the.
There’s a daily bonus being shared among those who purchased and hold the KuCoin Shares (KCS) tokens on the KuCoin exchange. This bonus can be any coin at all and not just the KCS tokens. The rewards go to KCS holders that participate in trading on the platform. The bonus is in the form of dividends; it’s a 50% share of the total trading fees paid during the day, it’s distributed among.
According to CoinMarketCap, there’s a total supply of a little over 180,000,000 KCS with a circulating supply of just over 90,000,000 KCS.While the total issuance amount of KCS was originally 200 million, the KuCoin team has decided to go through with a “buy-back” program that utilizes at least 10% of the net profit every quarter to buy-back KCS and destroy them until there are only 100.
Every day, KuCoin takes its daily trading fees, keeps half for itself, and spreads the other 50% proportionally to wallets holding KCS. The bigger your KCS holdings, the more of KuCoin’s revenue you’re entitled to receive. The draw of the exchange’s revenue-sharing model is readily apparent — as long as the exchange continues to be profitable and grow, you can expect, as a KCS holder.
Holding KuCoin Shares gives clients selective administrations like one-on-one speculation meeting, client assistance Fast-Pass, exchanging expense markdown, and so on executing through KuCoin trade. KuCoin wallets established by Michael Gan (previous specialized master of Ant Financial of Alibaba Group) who is the CEO of KuCoin trade. He heads.