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RE: Binance rapidly turning into Bittrex 😞Lots of new issues
Nice share. Binance took a turn for the worse quick. KuCoin is looking like the go to place. Its coin is on fire today. I think it's up around 100 percent in the last 24 hours.
Yep, definitely! I wanted to get some KCS until somebody pointed out that the profit-sharing part of the coin is not a permanent feature but rather temporary. That turned me off.
I feel like Binance and Kucoin are both using 'grey' tactics (referrals, etc.) and it seems like they're mostly in it for the fast money. Not sure if I really want to trust these kind of companies for any length of time. The fact they're in hong kong doesn't make it easier in case there's ever a problem either.
I did make a Kucoin account though. I'll be needing it for some NEO based tokens soon
You make some good points. As for the profit-share...I believe they are paying out 50% until the end of March and then over a two year period it will drop down to 15%. I think it bottoms out at 15%, so it will be permanent, but the 50% is definitely not permanent. But who knows...2 years in the crypto world seems like a lifetime.
That's true. For my relatively small investment that I would put into it, the short term just isn't interesting enough. The payout would be tiny and I'd have a ton of 0.00003281 of each coin that I couldn't sell anyway. Maybe if I were able to dump 10K or more into it, it would be a more interesting proposal. But for a small hodler the timespan to make enough to cash some out probably is longer than it takes for them to lower the profitsharing.