Kucoin - check it out!

Kucoin 

Kucoin is a very interesting exchange platform based in hongkong for various cryptocurrencies like LTC, OMG and since october 28th also RPX (Red Pulse) and NEO. The team behind kucoin started this project in 2011 and successfully created the coins technical architecture in 2013. A team of 7 people around CEO Michael Gan, who himself worked as a technical expert for Ant financial of Ali Baba and sa a senior partner of Internet giants like MikeCRM, KF5.COM, founded this project and launched the platform in 2017.

https://www.kucoin.com/#/?r=E3ghp5

Why kucoin?

1. Operation strategies
   Kucoin wants to be in the top ten of exchange platforms. It aims to reach its goal through promising rewards for users. Majority of the exchange commision will be rewarded to active users who exchange, invest and promote Kucoin. The team itself sees its most valuable competitiveness in their R&D team (research and development)
   
2. Engine
   They have a very fast trading system with an order-making peak value of 2 million+/second and an order-processing peak value of 1 million+/second.
   
3. Security
   Kucoin has implemented the industry standard transfer encryption protocol to data transfer layers so as to ensure that all user data and sensitive data stored through bank-level data encryption and the platforms wallet has multiple security levels.
   
4. 24/7 support
   Kucoin offers an all around 24/7 support service for their customers through a hotline, e-mail and several channels.

How it works

The Kucoins income comes from (rather low) trading fees for customers on both ends of a trade who are trading on the platform and from any withdrawal of cryptocurrencies of the platform. This income though is re used to promote the platform and pay their R&D team. A certain amount of the money goes to the tokenholders as a reward of holding tokens on the platform as well as a bonus to new users who use a referral link. 

But now some really cool things:

• Kucoin buys back KCS coins for the amount of at least 10% of a quarters gain every quarter. The coins bought will be burned, until a 100 Million coins are burnt.
  
• 50 % of the gains of transaction fees goes back to token holders who hold their KCS token on the platform (which happens on a daily basis).
  
• 40% of the gains of fees goes to their referral program. This is truly amazing. I got invited by a friend, created an account through his name and got 5 KCS (about 4$) for free. And so did he.
  
• Holding tokens can lower your transaction fees. The standard fee for a sell or buy trade is 0.1 %.
  
• They want to be a decentralized exchange platform (DEX) somewhere in the future.
  




trading platform

Overall the paltform looks decent and I am about to do my tradings through this platforms. The fees are quite low especially for small trades and it is quite user friendly. The only things I don't like is, that I couldn't find an actual date on when they plan to become a DEX and the platform couls use (in my opinion) an easier user dashboard. But in general I am very positive about this project. For more Info, check out the video linked below. 

So feel free to join by using this referral link. 

https://www.kucoin.com/#/?r=E3ghp5

Cheers
-L7- the cryptonuts

Links:

website

video

whitepaper