Kucoin Brings Back Their Refferal Program

If you're on this platform you should be familiar with cryptocurrency and if you familiar with crypto you should be familiar with shilling. You can't be in the crypto game if you haven't shilled, both online and offline. We know it and so do these crypto exchanges and that's why refferal programs have become such a popular marketing tool.

Instead of spending millions on advertising which is getting harder with crypto ad criteria becoming stricter and pricing for ads increases referrals can bring in steady traffic at a standard cost per acquisition so it was strange when Kucoin decided to scrap their ambitious 3 tier program back on the 12 Jan 2018

Original announcement of referal shut down

Kucoins referral program is back

For those who benefited from shilling their links like I will do in this post, it came as shocking news, I mean who doesn't love a little extra crypto in their wallet at the end of the month. Thankfully the program ban didn't last very long and its now back in full effect as of this month!

Shilling my link here. Sign up to Kucoin

KuCoin Exchange Background

If you haven't already heard of KuCoin Exchange they are a cryptocurrency exchange that label themselves as the exchange of the people.

They started around November of 2017 and have already made great strides in the past half year! They grew their exchange volume from low 3 millions all the way to around $95 million today https://coinmarketcap.com/exchanges/kucoin/.

During the crypto boom in December and January they reached up to $300 million trading volume. Now there are even more tokens on their platform!

KuCoin Shares

They label themselves this way because they have an exchange token KCS (KuCoin Shares), which lowers your trading fees AND shares a portion of the fees with KCS holders. The fees on the exchange are 0.1% flat fee. 50% of the fees are allocated towards KCS holders.

In addition they take some of the profits each quarter and do a KCS burn, so the supply of KCS will go down until it is 100 million. Here is a proof of their KCS buyback and burn https://news.kucoin.com/en/kcs-buy-back-and-burn-procedure-update/.

If you want to know more about Kucoin shares check out my post - How To Earn Free Cryptocurrency With KuCoin

Referral Bonus

Now they have reimplemented KuCoin Referral Bonus Program after creating a new backend system to handle all the KCS Bonus payments on time and in full!

The KuCoin Referral Bonus Program will give you 20% of the fees that any of your referrals pay.

Overall if KuCoin Exchange does well and you are a KCS holder you do well also! I believe this is a great token to hold come the next crypto bull run that will happen before the end of this year. Take advantage of these prices and this referral system to have plenty of passive income when the next bull run hits.

Kucoin Refferal bonus strucure

• The inviter will receive the corresponding Referral Bonus from the transaction fee, each time the invitee completes an order.
• Each referral will be effective for one year starting from your friend’s first completed order.
• Referral Bonus = Invitee’s transaction amount * Transaction fee rate * Referral Bonus rate based on the level of the invitee.
• Referral Bonus rate of A-level invitee: 20%
• Referral Bonus rate of B-level invitee: 12%
• Referral Bonus rate of C-level invitee: 8%
• KuCoin will issue the Referral Bonus every two hours.
• Referral Bonus can be saved in your wallet with one simple click.

Have your say

Have you used Kucoin before? Have you benefited from their refferal program? Are you happy it's back? Let me know in the comments below

Let's connect

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Source: Kucoin