Ok guys, so I bought some KuCoins recently because they pay you a bonus if you own the coin. That part I'm clear about. What's interesting that I didn't know about is that I also seem to earn dividends on every coin listed on the exchange as well. So now I own KuCoins as well as all these other coins. They're small amounts for now since I don't have a lot of KuCoins but If I owned more I would get more dividends. If this is indeed true why don't more people own more KuCoins. I'm hoping someone can confirm that this is true since it seems too good to be true. Am I missing something here? Thanks.
before i start, I shall be transparent and declare that I hold some KCS. These coins are good in terms of sharing the profits from kucoin but the "dividends" is only comparable to what can be gained from staking NEO and other POS coins. KCS went from $0.4 to $20 and then now back to $6. It may be a while before they climb back to $20 as there have been some issues in terms of dividend distributions. Many have been complaining about not getting their daily KCS bonus so this is an issue that is causing some loss of confidence in KCS.
I do hope Kucoin can resolve their technical issues so that my KCS will be worth more in the future. In the mean time I do not want to lose out on capital gains and am vested in other altcoins. Will accumulate more KCS if kucoin resolve their problems.