Topic: Exchange KuCoin and KuCoin shares - page 21. (Read 38802 times)

KCS price started increasing right after KuCoin sent email to all users about the renewed bonus program. So far holders of KCS received dividends from trading fees. Because KuCoin takes fees from all cryptocurrencies, holders also received small fractions of every coin. New system will change that. Also KuCoin is buying KCS from users and this is probably the main reason why KCS is growing.
My prediction is that this growth will not stop soon, because people will realize that there will always be demand for KCS so it's stupid to sell now. Because KuCoin will keep buying KCS with money from fees so if people stop dumping KCS, price will naturally increase. Of course some people will sell KCS right after they receive it every day (new Bonus program) and push down the price this way but smart people will hold KCS and get more KCS every day. Also KuCoin will need to buy KCS at higher prices if no one sells KCS. So don't sell you KCS!!  

This is email if you didn't receive it:

The exchange was born in mid-September and promises and wants to become among the top 10 exchanges in the world, as well as its "twin" Binance.

Among its features:

Reliability: KuCoin uses data encryption, dynamic authentication, multi-level risk identification control, and other systems to guarantee transaction security.

Fast: KuCoin claims that blockchain-based assets will be added to your account within 2 minutes of your transaction, with withdrawals completed in 10 minutes.

Safe Wallet: The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.

24/7 Customer Service: KuCoin offers 24/7 customer service through WeChat and other platforms. They claim that customer service issues are addressed within 10 minutes.

Discounted Trading: KuCoin is offering discounted trading until October 27 to encourage users to sign up for the platform. You can get an 80% fee discount (0.02% fee per trade) until October 27.

Profit Sharing Among Token Holders: KuCoin shares 90% of trading fees with users.

Referral System: KuCoin has a referral system where it gives 40% of a user’s transaction fees to the member that referred them to the platform.

Proof of Stake Bonus: KuCoin shares 50% to users who hold KCS on KuCoin’s exchange. You also earn GAS for holding NEO on the exchange.

Multiple Currencies: KuCoin currently offers all of the following cryptocurrencies: ETH, LTC, NEO/GAS, OMG, QTUM, PAY, CVC, EOS, SNT, KNC, BTM, BHC. By December 2017, the company plans to offer over 50 mainstream cryptocurrency pairs. By December 2018, they aim to expand that to 1,000+ cryptocurrencies.

Quarterly Buybacks: KuCoin will buy back KCS each quarter. It will buy back tokens using the 10% of profits collected from transaction fees. Buybacks will continue until 100 million KCS have been destroyed.

Mobile App: KuCoin plans to release an iOS an Android app in November.


What interests us speculators is its currency, much like Binancecoin: KuCoin (KCS) has a total bid of 200 million, but the company plans to repay half of them, 100 million, through a burning policy, as it is exchanging Binance.
Moreover, KUCOIN exchange will be the first exchange to list RedPulse (RPX), which will attract a large number of investors.
I therefore believe that many investors will be drawn to the new policies and facilitations of it, so its domestic currency, KUCOIN, is likely to follow the same exponential trend of BNB when it went from about $ 0.10 to $ 0.20 to $ 2-3 in about a week.


In my opinion, it can be a great and lucrative investment, at least in the short term; then you will see how it will develop and evolve the exchange!

what happened? why pumping price? https://www.coingecko.com/en/price_charts/kucoin-shares/usd

Dear KuCoin users
 
 
As KuCoin's native token, KuCoin Shares (KCS) offers key features and benefits to holders and is the currency of the KuCoin ecosystem. We will be upgrading our bonus program for KCS holders to show appreciation to our users.
 
Based on feedback from users, we are taking every opportunity to increase the inherited value of KCS to bring the most benefits to loyal holders.
 
KuCoin plans to upgrade the KuCoin Bonus starting on July 10th, 2018. To accomplish this, we will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute the KCS back to users as the new KuCoin Bonus Program, replacing the old one.
 
Furthermore, all KuCoin Bonus moving forward will be given to users in KCS, not dust of other cryptocurrencies traded on the exchange, as voted on by users who completed our survey.
 
We believe this will simplify our KuCoin Bonus system and fit better with our user's expectations and wants.
 
Distribution Rules:
KCS holders with at least 6 KCSs will obtain this trading fee bonus. Typically, the bonus is released at 00:00 (UTC+8) each day. If the calculated KCS daily amount is less than 0.00000001 KCS, it will not be released that day.
 
For KCS holders:
https://www.kucoin.com/#/feature/bonus
 
For non-KCS holders:
https://www.kucoin.com/#/trade.pro/KCS-BTC
 
Thanks for your support!
The KuCoin Team

A pump & dump team? Other coins were pumped too. But with Bitcoin fall, they might fall too.

what happened? why pumping price? https://www.coingecko.com/en/price_charts/kucoin-shares/usd

I am a big fan of kucoin

Well Neo is sitting at around 9% return with gas and the price of NEO could increase. You think kucoin is a safer bet....?