Kucoin is a nobrainer

in #crypto7 years ago

Quick calculation with following assumptions:

  • you invest 10 000$
  • market cap currently at about 1.5 $bn (less than DOGE)

This implies that your investment is worth about 0.0067% of all KCS coins.

  • current daily volume is about 250,000$. With exponential growth I will take 1bn$ for the calculation, but it's very likely that it becomes much more soon
  • The daily payout is 50% of the trading fee which represent 0.1% of volume ((0.1% buyer fee + 0.1% seller fee) /2)
  • Under these assumptions you are entitled to 0.0067% of the 1mn$ daily payout
  • This is a daily payout of 6.7$*365=2445$
  • Annual dividend rate is about 24.5%

You have to take these points into account:

  • Most coins have an hypothetical product or use case which is unlikely to materialize. This one of the best promising trading exchange.
  • They committed to buy back about half of the coins which will increase the payouts
  • There is a risk that the platform is hacked or that they change the rules.
  • Most exchange have closed their sign ups for a while because they can't cope with the volume. This one has a stellar growth and will catch up quickly. My volume assumptions are extremely conservative. It's possible to easily track Kucoin exchange adoption through Alexa.com
  • Crypto market is in bubble mode but it could last for a while and a huge amount of people are waiting to get started while those already in the game are increasing their stake.
  • Cryptopia $DOT is also a platform coin with some potential because of the low market cap but for now there are no payouts.

Remember that this is one of the very few crypto for which you can calculate profitability. If it becomes hot it could make again x10 or even more but it's definitely not going down unless an extreme event happens. Not much risk with excellent upside. If you made substantial gains with some shitcoins it's an excellent safe haven asset to diversify your bitcoin stake.

My referal link: https://www.kucoin.com/#/?r=22xu5

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