KuCoin Exchange and (KCS Shares) 40XGain in 1 month ?!?!?!

KuCoin Exchange and (KCS Shares) 40XGain in 1 month ?!?!?!

On December 9th KCS was valued at $0.49
January 7th KCS hit an all time high of $21.00

Source https://coinmarketcap.com/currencies/kucoin-shares/historical-data/

If you want to skip my overview of the platform, and buy KCS Shares, just jump to the bottom to Sign up!

How did they do it?

What a year 2017 was for Crypto, and what a great start for KuCoin! KuCoin is a chinese exchange which hit the scene not long ago, in a few months their coin (KCS) has exploded for a 40X Gain. Many a reference has been made to the platform having a very similar feel to Binance, which is true, it's a quality platform, with a great user interface, and some of the lowest fees around. What's not to love?

KuCoin gained popular favor by being the first exchange to put the time, effort, and resources into listing Neo’s first Nep-5 Token Red Pulse (RPX). Red pulse is a market intelligence platform, which was the first ever ICO (initial coin offering) on the Neo blockchain. As we speak redpulse is a top100 crypto and has achieved 25x gain since ICO in its own regard.

Every other exchange is now playing catch up, racing to implement the Nep-5 token wallets! There are more than 30 ICOs announced to be launching on the Neo blockchain! And every exchange wants a piece of the pie. But KuCoin was first, and already have other Nep5 tokens on their platform including Deep Brain Chain (DBC).

If you would like to look further into these projects you can check these links out:

https://www.red-pulse.com/landing
https://www.deepbrainchain.org/

This Brought the first wave of attention to the platform, but they have been relentless in listing new coins, with a fast turn around from ICO. They are also the first platform to introduce Neo pairs! Which makes sense, since we have so many projects coming to the Neo blockchain why should it be necessary to go through ETH/BTC KuCoin makes it easy!

KuCoin GIVE AWAY 90% of their trading fees to referral and KCS holders.

They offer a referral scheme, where you can earn 20% of the trading fees, for each person you invite to the platform!There has been some hate on this, but would you rather the exchange earn the fees? KuCoin has been very humble and earn just 10% of the revenue from trading fees. 50% is shared between KCS holders, and the other 40% in the referral scheme . Other exchanges could take a leaf out of KuCoin’s book for sure!

In conjunction with this, they run very attractive competitions giving away large sums to top traders in volume. And most recently giving away a Porsche! For the person who trades the most Red pulse volume:
https://twitter.com/kucoincom/status/950400589539586048

Why the recent rise for KuCoin KCS shares?

I’ve been following them since they launched you can check out my first steemit post, when they were just starting!

https://steemit.com/kucoin/@crypto3em3/coin-overview-series-1-1-kucoin-shares-kcs

This is quote from that post 2 months ago

'The ATH was reached, when red pulse was added to the platform and the Neo/Gas and Neo/RPX pairs were added. It pumped to around $1 dollar, and has been declining since; it currently sits at around $.57 cents. There are many incentives to hold this coin, and I can only see it becoming more desirable as Kucoin continues to grow in popularity.'

KCS Shares allow you to:

• Incur less trading fees, when holding KCS.
• Earn trading fees! 50% of the platforms trading fees are shared proportionately amongst KCS holders!
• Coinburn - KuCoin will buy back KCS coins with fee profit, and burn them, Thus driving token price in the future. (supply/demand)

As you can see the more volume this exchange has, the more revenue they generate from trading fees, which is strongly correlated with KCS price. This is why the price has risen so dramatically. KuCoin has gone from a top 100 exchange to a top 20 exchange! It could go even further. If KuCoin becomes a top 5 exchange multi billion dollars in volume KCS Shares are going to go through the roof, and past the moon. So their is plenty room for growth.

If you would like to buy KCS Shares they can be bought on the KuCoin platform.

https://www.kucoin.com/#/signup?r=E3JRU-

(shameless referral link)

Thanks for reading!

Disclaimer : All investing is speculative. This isn't financial advice. Just one man's opinion of a complex fractal world with infinite variables, affecting the system, at exactly the same time.