Kucoin | The Binance Killer? *Future Paid Ecosystem*
The new hottest exchanges are the split fee payout exchanges.
Kucoin is at the forefront of this movement, they are using aggressive marketing/advertising campaigns to get decent exposure.
The exchange is extremely similar to Binance which will most likely be their biggest competitor in 2018.
Here's how it works:
Most exchanges charge a fee when trading different trading pairs. For example: BTC - ETH 0.02% fee too cover the transaction. (Binance)
This is standard across the board but what Kucoin are doing is disrupting 90% of the fees back to it's users.
Now your probably wondering how? Kucoin have created a coin called KCS. KCS stands for Kucoin Shares. The higher amount of KCS you hold in your wallet the more fee's get paid out into your account daily. Yes daily!
The remaining 40% is being disrupted for invitation bonuses to increase the daily volume.
Another attractive feature of Kucoin is the fee's paid are in the coins which had the highest volume that day.
Kucoin is getting alot of good coins straight after ICO and pushing hard to get desirable coins. This means more people are going to want to hold KCS to get valuable coins early. Obviously it depends on the amount of KCS you have but whales in the space will defiantly use this to there advantage.
This is an account with 487 Kucoin Shares.
This was one day of paid fees.
Nothing too special at the moment but Kucoin is currently ranked around 25 on Coinmarket cap for the highest volume exchange. If Kucoin can capture more of the daily volume you could see this being increasingly profitable.
Kucoin is going to have a big year. Exchanges that reward the user are going to become more common. Right now i can't see why you would want to use Binance over Kucoin. Competition is good for the user so let's see how 2018 goes!
Check out Kucoin and use my link to support my channel. Thanks for reading and I hope this is useful information.
Peace out!
all crypto currency best!