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Author Topic: Exchange KuCoin and KuCoin shares  (Read 5890 times)
ale22
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October 30, 2017, 12:09:43 PM
 #41

Exchange KuCoin, a comprehensive analysis of KuCoin exchange and Kucoin shares

If you'll find this helpful, please sign up using my invitation link: https://www.kucoin.com/#/signup?r=E3iEp_

Quick disclosure, nothing in this article should be considered as financial advice, this is purely my opinion and my research alone, take it with a grain of salt.

It’s an up-and-coming cryptoexchange that is like an integration of COSS and Binance. The problem with COSS is that there is little incentive for investors to use it, the UI is lackluster, it lacks proper charting tools, the previous CEO was known to be part of pyramid schemes. Binance, a similar Hongkong exchange is something that we can also compare KCS to, the BNB token offers the utility to reduce fees, but again there’s little incentive to actually have BNB tokens are use the Binanance exchange. I elaborate further on the advantages the Kucoin will have over other exchanges.

Kucoin has similarities to COSS in that 50% of fees that they charge are returned to the holders of KCS everyday at 12am. Holders of KCS get access to other perks such as trading fee discounts similar to BNB, customer-service fast passes and more. I also need to highlight that the 100m that is being with-held for 4 years and 30m of which is locked up for 2 years belonging to the founders/investors respectively ARE NOT subject to the 50% re-compensation of fees which normal traders/investors earn. Which means that only the current 100m supply for the next 4 years is eligible to receive the *dividends* from KCS.

Kucoin has a long-term goal of becoming a decentralized exchange(DEX) or integrating as much of it as they possibly can within their ecosystem, a point that I’d really like to highlight is that recently there has been a lot of news/FUD around exchanges like Bittrex and Bitfinex banning users, Finex have already disabled US citizens access to trading on their platform, and Bittrex is a US exchange, so who knows when they’ll have to close their doors to US citizens, they’ve even gone so far as to ban people from middle-eastern nations, however decentralized exchanges are on-chain and there is no governance or need to store funds on centralized exchanges to risk being hacked, as well as lawmaking bodies having no jurisdiction over them. There are currently withdrawal limits on accounts but the developers will be removing those very shortly, Kucoin has extremely fast transfer times with lower amounts of confirmations for speedy deposit/withdrawal, low transaction fees of 0.1% with special events where some coins are free to trade, such as WTC/HSR as of now.

The user interface is amazing compared to most exchanges out there, they enable trading view charting which is much better for traders to use compared to charts such as on Bittrex or Binance which have a very limited selection of charting tools, there are some kinks on the website such as the orderbook, however I have had a talk with the developers and they said that they were looking for “more elegant ways” to display the orderbook than just a scrollbar, they were also looking into producing a nightmode which is a god-send for night-dwelling (night-traders).

The Kucoin team are extremely active and have nearly 24/7 support, you can go into their telegram and ask them any question and they’ll answer you hastily and earnestly.

They also have an invitation bonus which is as a referral compensation program, basically for every person that YOU invite, you get 20% of the trading fees of the person you invited as an INCOME, and then 12% of the trading fees of the people that they invite. (I know you think that this reeks of a pyramid-scheme, however, I need to highlight that the KCS team do NOT benefit at all from this referral program as they actually LOSE money if OTHER people/users are using these referrals.) It is an attempt to bring more volume and traffic, but traders/investors only stand to gain from this, we have absolutely nothing to lose, the more friends you invite the more income you can have. (Some people are calling this a pyramid scheme, however it’s simply a marketing tool, I brush up on this in the second half of the article)

Right now, KCS is flying under the radar, it hasn’t even been added to CMC yet (they are getting it added very soon) and once it does we do expect to see a lot of hype, there will be a very huge in-flux of traders who would come to the exchange, I see this as the death of COSS, no one will go back once they try out KCS.

Let’s talk about the valuation of KCS, currently there is 200m supply cap, eventually over a long period of time the KCS team will buyback KCS (optional to sell to them) with the profits made from trading fees to the burn the supply until there is only 100m left, don’t be alarmed by this, there won’t be a sudden supply restriction of 100m over one night, its something that will probably take a decade to achieve, if not even longer. Who knows for sure, right so moving on; KCS is currently valued at approximately $0.6USD at 200m supply thats around $54m USD market cap. It’s only been out for under a month and the ICO price was $0.3USD(5000 satoshis) or around there, so it has doubled and a medium-high marketcap of $54m but lets compare the price to Binance, which is currently $1.27 through all of the FUD/FOMO on Bitcoin/bitcoin gold/2x. Token supply of 200m like, similar to KCS, was valued at its peak approximately $2.58 per BNB reaching a total market cap of around $270m, and it doesn’t even have the same features as KCS. So, KCS is currently valued at $0.6USD, with all of its amazing features, team, dividend payout, referral program; I believe has the potential to grow even larger and maintain its price. If not more. I do see this as a huge long-term project, it’s the mainstream exchange killer, it’s like the oneplus versus Apple and Samsung, if we actually evaluate the coin and the Kucoin exchange itself within its ecosystem it has nearly unlimited potential.

One of the common misconceptions and concerns is that traders have is, is Kucoin a MLM/Pyramid scheme?

What we have here is one of the posters on their website promoting an invitation/referral compensation program. The initial impact of the image makes one think that it is a pyramid scheme, but if you actually look closely you’ll understand that in actual fact Kucoin themselves don’t really benefit at all, they’re giving 90% of all of their fees to the referee as compensation while they only take 10%. This isn’t a pyramid scheme or some shady MLM, it’s a marketing tool to attract more traders and liquidity to the market. The only people who really benefit are the traders.

Getting straight to the point, it has a picture of a pyramid, but it isn’t a pyramid scheme. I need to highlight that the referral system is completely optional, you don’t need to invite anyone or spam your link, I understand that it does get annoying for people. It is a marketing plan aimed at being a liquidity attraction tool to try to hook more traders into using the exchange, but people are so stigmatized to the shape of pyramids that they fail to see the truth behind the curtains.

I’d like to go through the business model and ecosystem of exchanges, and as objectively as I can compare the difference between each exchange.

So for this example I’ll use 3 exchanges:

A. Bittrex

B. Kucoin

C. GDAX

I’d like to make a fair evaluation of these exchanges based on three things.

1. Trading fees

2. User friendliness

3. Trading tools.

First, some more assumptions Kucoin is still in its early stages of launching as an exchange, I’ve talked to the developers and they will be adding in “more elegant ways to see the orderbook” and stoploss/take profit systems.

5-point evaluation: very good, good, mediocre, bad, very bad.

A. 1. Mediocre-Bad (0.25%) 2. Good 3. Mediocre-good.

B. 1. Very good (0.1%) 2. Good 3. Good

C. 1. Mediocre-Bad (0.25%) 2. Good. 3. Mediocre

Some other underlying assumptions are that each exchange has the same amount of trading volume daily; $100m. Each have the same variety of coins listed.

Given that information, which exchange would you personally as a trader gravitate towards; try to be as subjective as possible. If my evaluations are wrong, let me know and I will amend them.

You would inherently choose B. Correct? There is a recurring argument that the token offers no utility, the truth in the fact is that very few tokens offers anything at all, BTC is simply a speculative asset with no intrinsic value, and that’s it. I haven’t introduced the token dynamic just yet, so hold up.

Going back to the MLM/Pyramid scheme aspect of it. For something to be a pyramid scheme it has to have an initial buy-in where the grunts at the bottom purchase a product, and it has to directly benefit the upper echelons id est the developers/the exchange.

Does Kucoin meet any of those requirements? Not really. The referral program doesn’t require anything, you don’t need to hold Kucoin to be eligible for the 20% of fees that you’re earning from people you invite. It’s completely optional with no buy in, no product to sell. You can just use the exchange, or even invite people to get the referral bonus, then forget about it, and as they trade on the exchange you earn a % of those transaction fees passively. In fact, the Kucoin team loses from this marketing. Because they’re essentially giving a cut of the fees which they should earn back to its traders. Bittrex/GDAX don’t offer anything at all, they simply take 100% of all fees they have and put it in their pockets.

To summarize:

A. Bittrex pockets all transaction fees it earns from traders on its exchange without any compensation to traders.

B. Kucoin offers an optional referral promotion whereby referees earn a % of fees that are incurred by the referred to the referee as compensation to help bring more liquidity to the exchange. This is actually detrimental to kucoin as they earn less income from transaction fees by giving it to the referees.

C. GDAX pockets all transaction fees it earns from traders on its exchange without any compensation to its traders.

If you believe that this statement is incorrect, or overly subjective please speak out.

Now, the issue with the token. Some people are saying that it has no utility; I’m going to prove that it does have utility.

A. Bittrex does not offer a utility token which reduces fees, or returns any portion of their income to traders. Of $100m trading volume they pocket $250K a day.

B. Of all Kucoin token holders, 50% of all transaction fees earned by the exchange are transferred nightly at 12AM to Kucoin token holders. Of $100m daily trading volume they pocket $50k, while the other $50k is transferred to its token holders.

C. GDAX does not offer a utility token which reduces fees, or returns any portion of their income to traders. Of $100m trading volume they pocket up to $250K a day.

If there’s a problem with my calculations, please let me know.

Now I need to ask, is there value in holding the token? It is a speculative asset, which provides utility in generating returns for the holders of the token on the exchange. As far as tokens/coins go I’m fairly certain that this token has utility, it doesn’t just offer a cut of the 50% of daily trading volume as income but can also act eventually as fee discounts similar to BNB, as well as simply holding it will grant you support-fast access(Give that their support team is already very fast, that’s something to consider).

There is also no inherent need for the token, Bittrex/GDAX are already largely successful even without utility tokens, so why is Kucoin going out of their way to even lose up to 50% of their income?

The answer lies in liquidity, and competition; the utility token, the referral compensation system, they are all liquidity attraction tools. Exchanges make money based off how much transaction fees they can incur through the amount of daily trading. How does a new exchange compete with big wigs like Bittrex/GDAX? These are huge giants who have been in the game for a long time, but they’re some-what obsolete. They’re greedy and only care about themselves, have horrible customer-service and poor communication within their community. Kucoin offers more than that, you can go talk to its active development team in their telegram, bombard them with any stupid question you like, and they will respond.

The token, the referral system are liquidity attraction tools, even if they only get 50% of all trading fees as income, if they can attract more liquidity than other exchanges and become competitive they can also be big, furthermore we as investors holding the token don’t lose anything at all, in fact we get a cut of the 50% of the trading fees they earn. I’ve already received my first dividend last night at 12am, it was basically nothing but that is considering that they only have a trading volume of $1.1m a day approximately, if not less. If that was $300m, the number of dividends anyone would get would be 3-fold.

What to take away from this; it seems like an MLM/Pyramid scheme on the surface, but the developers do not directly benefit from giving traders a huge cut of their profits, their main goal is liquidity and competition. The token value is also a long-term goal, I should reiterate that there is currently only a total supply of 200m which will over a course of a very long time will be reduced to 100m, but that will be a very long time from now, 100m of the current supply is locked up for 4 years for the team/2 for advisors. As well as, being locked up they aren’t eligible to receive any of the 50% cut of the trading fees until AFTER they are released.

I see this as potential big opportunity, purely because in the future I can see the possibility of this becoming a very competitive exchange within crypto-space. This is without a doubt a shill, I’m not partnered with them or anything, but I felt like I needed to clarify what a pyramid scheme is and the distinction between Kucoin’s marketing model and an actual MLM like Amway.

The dividend model (50% of trading fees are given to the KCS holders)

I’d like to also go through the dividend model, every night at UTC+8 12AM, they deposit directly into your wallet address your share of the 50% trading fees that they earned from transactions during the day. The current daily trading volume is around $1.1m, if Kucoin can achieve competitiveness and run up next to some of the biggest names; Bittrex with $350m daily trading volume, you can expect that all of the dividends you earn will go up 350x as well. I’d like to also point out that the more popular the coin is the more transactions there are thus; you are always earning income in the most popular coin, no matter what it may be.

More on the utility of Kucoin (White paper abstract)

    To improve user involvement and exchange vitality, Kucoin is going to award incentive bonus, which equals to 50% of the total trading fees charged by the platform, to users who hold KCS in their accounts. Please note that this award proportion could be adjusted based on the actual situation in the future. The initial amount of KCS is 200 million among which 100 million owned by the team and angel investors would not be taken into account when calculating the bonus. In addition, we guarantee that at most 100 million KCS be calculated in the bonus plan during official buy-back and destruction. To obtain the daily bonus, users would need to deposit their KCS into Kucoin Platform. Then the platform will conduct accounting and award bonus based on to the KCS holdings in user’s account at 0:00 (UTC+8) that day and all the trading fees charged to the platform on the previous day.Then the bonus gained by users will directly put to their Kucoin accounts in the corresponding currency. For instance, If ETH-BTC cryptocurrency pair rate is 0.063 on the platform and the daily exchange volume is 30,000 BTC; based on the 0.1% rate from each side, the platform shall charge 30 BTC and 476 ETH as trading fees. The bonus for every 10,000 holdings would be 10,000 by 100,000,000 (0.01%). So that the daily bonus from this very cryptocurrency pair is 0.003 BTC and 0.0476 ETH (1 BTC and 17 ETH annually). Please note that this is ONLY the ETH-BTC exchange pair BONUS. Other than ETH-BTC, there are still various cryptocurrency pairs on the platform, which creates the trading fees in the corresponding currency and bonus based on the description above.

    TRADING FEE DISCOUNT When placing orders to trade, holding a certain amount of KCS in Kucoin account can lower the trading fee. Details will be published through announcements.

    OTHER EXCLUSIVE RIGHTS When KCS holding reaches certain levels, users can enjoy special services like one-on-one investment consultation, customer service Fast-Pass, etc.


Full transcript of my Q&A with the Operation Director Kent Li

Two concerns were put fourth by some of my readers;

    How do we know that we are actually receiving the 50% that you are guaranteeing us?
    In the whitepaper it is stated that the 50% of trading fees traders on the platform will earn is subject to change, what is the reasoning behind this?

    Kent Li — Kucoin — Operation Director, [22.10.17 00:35]
    Firstly, the users are actually getting 50%. The trading volume of each pair is transparent, people can get the data from the web page or through our public API endpoints. So there’s nowhere to hide if we cheated on this, people can easily calculate their Kucoin Bonus based on the formula we described in the whitepaper.

    Kent Li — Kucoin — Operation Director, [22.10.17 00:39]
    Secondly, many people have discussed our referral system. The reason why we design is like what you have said, to attract more people to come trade on Kucoin. Because we’re new comers in this industry even in China, we have to do everything to attract new users and become competitive in the space, that’s why we share 90% of our trading fees to the users. We want to survive. And we are working our asses off to achieve this.

    USER, [22.10.17 01:15]
    Thanks for that clarification! I’d also like to inquire about the rate of dividends that investors earn, currently it is at 50% and in the whitepaper has been stated that it will be subject to change, how long is the 50% bonus going to last? Some of my readers had told me that it will only be for around 6 months, you intend on reducing the income as your exchange becomes more popular correct?

    USER, [22.10.17 01:16]
    Also, what is the purpose of the income page in the “Assets” menu, currently all fields are blank, what are your plans for that?

    Kent Li — Kucoin — Operation Director, [22.10.17 01:18]
    Hi, we do have a plan to reduce the ratio of Kucoin Bonus. It will stay at 50% for at least 6 months, and it will be adjusted gradually, eventually it will be 15% after two or three years. As you know building and maintaining a high volume exchange will cost a lot of money. “Income” currently contains the GAS reward if you hold NEO on Kucoin, Income is also passive revenue if users hold certain kind of asset on Kucoin.

    USER, [22.10.17 01:19]
    In regards to the calculation in the white paper, it may also be beneficial to have a dividends tab in the assets page to show users how their dividends are being earned and the calculation behind. (I understand that this is a lot of work, and you guys are extremely busy, these things definitely do not get done overnight so do not feel pressured at all)

    Kent Li — Kucoin — Operation Director, [22.10.17 01:20]
    Ah, actually we have a better plan

    Kent Li — Kucoin — Operation Director, [22.10.17 01:21]
    There will be a dashboard or report page for users, it will display their profolio on Kucoin, their daily gains & losses, sort of this kind of things

    USER, [22.10.17 01:21]
    Thank you for that clarification! I’d know like to move onto some suggestions from my readers on the exchange, talking to a great many traders, they all agree that the exchange is better than up to 80% of the exchanges available. It’s intuitive, innovative and user friendly.

    Some points that were brought up were; the non-existence of a “scroll bar” for the order book, which one of your other developers already said you were after more elegant solutions. Others would be including the placement of the chart, some people were saying that it was a little too small.

    USER, [22.10.17 01:22]
    If you would like to share any plans with me, I would love to include it in my article, and if you could retweet it or pin it on your twitter. I’m sure it will bring a lot of people piece of mind.

    USER, [22.10.17 01:24]
    It’s definitely understandable that making sudden changes to the UI of the exchange isn’t something to be done over a night, so I’ll definitely highlight that, I think this is just an important step in gaining the trust of the community.

    Kent Li — Kucoin — Operation Director, [22.10.17 01:25]
    Yeah, things have to done step by step

If you found this helpful, please sign up using my invitation link: https://www.kucoin.com/#/signup?r=E3iEp_
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October 30, 2017, 06:07:39 PM
 #42


<Big Snip>

What we have here is one of the posters on their website promoting an invitation/referral compensation program. The initial impact of the image makes one think that it is a pyramid scheme, but if you actually look closely you’ll understand that in actual fact Kucoin themselves don’t really benefit at all, they’re giving 90% of all of their fees to the referee as compensation while they only take 10%. This isn’t a pyramid scheme or some shady MLM, it’s a marketing tool to attract more traders and liquidity to the market. The only people who really benefit are the traders.

<Even Bigger Snip>


I don't think there was a need to post this twice, we got the message the first time Smiley

I think your calculations for the referral bonuses might be a little bit off ( I could be wrong ) but do you have a link to where Kucoin say it's 90%.
Here is an article that says it starts at 20% then increases with each referral, but it would take a lifetime to reach 90%.

"You can earn 20% of fees from anyone that signs up using your referral code (further fees paid from their referrals @12% then @8% for the referrals of your referrals)"

https://steemit.com/cryptocurrency/@cryptomagic/more-on-the-red-pulse-listing-at-kucoin-as-kucoin-gets-listed-as-exchange-on-coinmarketcap

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November 02, 2017, 11:09:11 PM
 #43

I like that they listen to their community. KuCoin holders were upset becuase of the 0% trading fee promotion each new coin gets when it's listed. Now they adjusted the promotion to 50% of normal trading fees. They can still attrackt new traders and KuCoin holders are also happy. I like that.

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November 03, 2017, 03:18:53 PM
 #44

I like www.coss.io exchange than KuCoin better price for Coss tokens and better concept of dividends.
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November 03, 2017, 04:33:39 PM
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I like www.coss.io exchange than KuCoin better price for Coss tokens and better concept of dividends.


Before investing I looked into both coins since they offer pretty similar concepts.
But looking at COSS the concept kinda failed. How would you earn trading fees on a exchange that is literally dead except from their COSS token the volume on the exchange is 8 BTC. Thats nothing even throught they exist longer than KuCoin.
On the other hand KuCoin already has a solid user base only after 2 months and due to their agressive marketing it's growing bigger each day. Not even speaking about that KuCoin Exchange UI is much better than COSS and also that KuCoin team is doing clever deals like listing Red Pulse as first exchange.

I'm sorry for you if you have a stack of COSS but I would advice you to get rid of it. That's of course just my view based on my personal research but at the end numbers dont lie.

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November 04, 2017, 02:04:04 PM
 #46

price of this coin is going nowhere but up in the coming months... IMO
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November 04, 2017, 03:01:02 PM
 #47

Does anyone know what the kucoin ICO price was in fiat?

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November 04, 2017, 04:47:06 PM
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Does anyone know what the kucoin ICO price was in fiat?

From the whitepaper:
The cryptocurrency used to participate in KCS ICO is Bitcoin (BTC). Please note that pre-pay in the Kucoin platform with BTC is the prerequisite of KCS ICO. The ICO  starts from 8:00 pm of Aug 13th, 2017 and ends at 8:00 pm of Sep 1st, 2017. Once KCS storage runs out, this event will be terminated instantly. The exchange rate is 0.00005500 BTC/1 KCS, which means 1 BTC exchanges approximately 20,000 KCS.


That means ICO price was between 0,23$ and 0,26$.

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November 04, 2017, 05:35:41 PM
 #49

I added KuCoin Exchange and KuCoin Shares to the Cheddur app (https://www.cheddur.com/). This will allow new users to learn about KuCoin (both the exchange and the token) and join the community. Cheddur allows you to link addresses, wallets, exchanges, and other services that support KuCoin Shares so that new users can easily get started. Can others from the community please review these profiles for quality?

Screenshot of coin overview screen: https://i.imgur.com/5gkFl6o.png

Screenshot of coin details screen: https://i.imgur.com/9Mu1i5H.png

Screenshots of KuCoin exchange:

https://i.imgur.com/j8bHDqs.png

https://i.imgur.com/nd7Puwg.png

Right now it only shows 14 supported coins on KuCoin Exchange, but that's because I am still in the process of adding the rest! Smiley
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November 04, 2017, 06:50:35 PM
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short questions.

signed up on ku coin becaus i thougt you get some free coins or is it not true??

i also invite a friend with the inviting link but i can se any benefits about it??

thanks in advance


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November 04, 2017, 08:25:04 PM
 #51

short questions.
signed up on ku coin becaus i thougt you get some free coins or is it not true??
i also invite a friend with the inviting link but i can se any benefits about it??
thanks in advance


Yes you will get some 'free' coins. But you will have to hold the exchange's own coin Kucoin (KCS) to benifit form this 'free' coins.
You also get a trading discount if you hold 1000 or more KCS coins, the more you hold the more of a discount you get.

https://www.youtube.com/watch?v=5NolXWUOalQ&feature=youtu.be
https://news.kucoin.com/en/trading-fee-discount-function-will-be-activated-at-0000-27th-october-utc8/

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November 04, 2017, 09:01:16 PM
 #52

Very nice your analysis ale22, you have thoroughly deepened all the benefits and benefits of KuCoin exchange and why have your coin.

I can add that this is only the beginning of this exchange and of this currency; it will go to Binance exchange and by the end of 2017 will be among the first 20 positions in world trade.

KuCoin Shares must surely go up and reach higher price .... it's inevitable!

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PitL0rd2002
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Any store can buy, sell, and accept Crypto


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November 04, 2017, 10:02:28 PM
 #53

This KCS very expencive from start. Look at their marketcap. BNB was more cheaper in many times. And also, you compare Binance (100 mln turnover) and Kuckoin with 10 mln daily turnover. How exchanges with 10 mln turnover can make token with 65 mln marketcap?  Huh Grin
Real price for this token - 2-3 cent, not more.

________Any Store Can Buy, Sell and Accept Cryptocurrency________
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nipplechild
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Not a tool. Always tilted.


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November 04, 2017, 11:08:45 PM
 #54

Is the  coin supply 91 Million or 180Million like Coinmarketcap states? when will those coins go into circulation. That significantly dilutes future dividends and will suppress the coin. Let me know what im missing. very interested in the project.
vuvanle120
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"Highest ROI crypto infrastructure"


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November 04, 2017, 11:41:52 PM
 #55

I think Kucoin is a good token to hold. My only concern is the dividend will not last forever. Kucoin do have a very good referral bonus in place. They distribute 40% of the fee in the form of referral.

Savik
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November 04, 2017, 11:59:44 PM
 #56

Is the  coin supply 91 Million or 180Million like Coinmarketcap states? when will those coins go into circulation. That significantly dilutes future dividends and will suppress the coin. Let me know what im missing. very interested in the project.

200mil total coins:

https://assets.kucoin.com/kucoin_whitepaper_en.pdf
page 7

Of those 200mil... 70mil are locked up for 4 yrs and 30mil are locked up for 2years

Quote
The 70 million KCS issued by the founders in the first phase should be subject to a four-year lock-up period from Sep 2nd, 2017 to September 2nd, 2021. Founders are prohibited to assign or sell their KCS holdings in any way before September 2nd, 2018. Team members can only assign or sell 25% of their largest historical exchange volume in 365 natural days from Sep 3rd, 2018 to the end of lock-up period.
The 30 million KCS exchanged by the consultants and angel investors in the second phase should be subject to a two-year lock-up period from Sep 2nd, 2017 to Sep 2nd, 2019. Holders are not allowed to assign or sell their KCS holdings in any way before September 2nd, 2018. They can only assign or sell 50% of their largest historical exchange volume in 365 natural days from September 3rd, 2018 to the end of lock-up period.
The 100 million KCS issued by public users suffers no lock-up period and opens for exchange from Sep 2nd, 2017.
Savik
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November 05, 2017, 12:00:48 AM
 #57

I think Kucoin is a good token to hold. My only concern is the dividend will not last forever. Kucoin do have a very good referral bonus in place. They distribute 40% of the fee in the form of referral.

My only concern is their trading volume seems to be dragging. Their white paper predicts 5000BTC daily volume by the end of the year, which is a long ways off from the ~500BTC they trade daily now. I think this coin has to come down much lower than it is currently priced in order for the dividend to be really attractive As it stands now it is roughly 2-3% per year, which is pretty low in my opinion.
askmecrypto
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THEKEY - Unlock the future


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November 05, 2017, 02:32:00 AM
 #58

The good thing about KUCOIN I find at the moment is that they are the first to list the most hyped ICO tokens, let it be $RPX or UTRUST in coming days.
They are building a good user database by listing ICO Tokens, it gives the users the opportunity to do first trades over their ICO investment, plus it gives other users the opportunity who were not able to invest during the ICO opportunity.
Eventually, people are comparing it with Binance plus I think UPBIT will be the one it must be compared.

Steffosn
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November 09, 2017, 10:24:34 PM
 #59

Considering buying a few KCS. Will dividends be paid in only KCS, or will they be paid in the coins the actual fees came from? And will I need to hold anything else than KCS in my account to earn dividends?
nuskill
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BELUGA PAY. Complete Mobile Point of Sale System


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November 09, 2017, 10:27:14 PM
 #60

Considering buying a few KCS. Will dividends be paid in only KCS, or will they be paid in the coins the actual fees came from? And will I need to hold anything else than KCS in my account to earn dividends?

you will earn any coin that is traded including Kucoin (which has the highest limit right now).
So you need a BIG amount or a lot of patience before you collect enough of each coin to make it traceable.

Imo below 1k Kucoin there is nothing from the dividends to get and you can only use it for a speculative price increase and the other bonuses that Kucoin will add.

But i really love the exchange! extremely smooth!

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