KuCoin Shares (KCS) — Sharing the success of the Kucoin Crypto Exchange with investors
The earlier days of cryptocurrencies were very basic with a few set of communities focused a lot on the technology and decentralization. The only reason it didn’t take off in the initial days was the lack of a proper ecosystem, and cryptocurrencies were treated like ‘collector items’ only. However, in order to reach the masses, one thing in the newborn ecosystem was missing and that was the presence of ‘exchanges’.
Cryptocurrency exchanges gave people an opportunity to trade their digital assets with either fiat, or exchange it with other digital assets in the ecosystem. When people got to know that cryptocurrencies aren’t just ‘collectibles’ and they represent real value, they started jumping in and actively participating in buying and selling process. Back in the days, the technology was clunky but it has vastly improved since then.
One notable thing about the crypto based companies, including the exchanges, is the possibility to raise funds from a global pool of investors and share the profits. All of this is possible because cryptocurrencies don’t actually rely on any central authority and they are’t limited by any regulations. Anyone from a third world country can use crypto freely, and all they need is an internet connection and a standard smartphone.
The Kucoin Crypto Exchange
Kucoin Crypto Exchange is one of the best cryptocurrency exchanges in the market today. Their founding team started researching and exploring the blockchain space since early 2011, and all of them worked for very reputed organizations and big names like GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY.
Whats unique about Kucoin Crypto Exchange is its great user interface with a great UX, bundled with bank-level security so that your crypto assets are all safe. They also utilize air-gapped cold storage to lock all the funds and prevent any kind of theft or data leak. Kucoin Crypto Exchange was finally launched in May 2017 after a lot of research and development. It soon took off among the crypto community after its public release.
KuCoin Shares (KCS) — Providing an opportunity to invest
Right after the launch of the Kucoin Crypto Exchange, the founding team launched a token called KuCoin Shares (KCS). As the name implies, KuCoin shares are just like an actual share of the exchange that the investors can purchase. This way, the founding team raised a lot of funds for the early development of exchange, promotion and marketing.
The best thing about KuCoin Shares is that 50% of all the trading revenue generated from KuCoin Crypto Exchange is shared with the KCS token holders. The more the revenue, the more dividends that the investors receive against their KCS tokens. All the dividend rewards are proportionate to the amount of KCS tokens that the investor is currently holding.
As of early September 2019, a single KCS token is traded for $1.52 USD. Since its launch, KuCoin Shares have surpassed a total market cap of $134 Million USD, making it one of the top 50 largest cryptocurrencies in the world by market cap.
The daily 24h trading volume of KCS tokens stand at just over $16.5 Million USD. Looking at the team, trading volume and the amount of traction that KCS tokens are getting recently, we highly recommend it to any investor who wants to invest and hold his portfolio for the long run instead of day trading.