Exchange KuCoin and KuCoin shares

[Call_Me_Bambi]

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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.

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

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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[Cicada1033]

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.

[mickp]

I like www.coss.io exchange than KuCoin better price for Coss tokens and better concept of dividends.

[Cicada1033]

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.

[ablo]

price of this coin is going nowhere but up in the coming months... IMO

[AshCoins]

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

[Cicada1033]

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$.

[jmxcursi]

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!

[dankenstein]

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

[Call_Me_Bambi]

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/

[kronos123]

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!

[PitL0rd2002]

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?  
Real price for this token - 2-3 cent, not more.

[nipplechild]

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]

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]

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

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]

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]

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]

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]

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!

[Steffosn]

Thank you. Only registered on Kucoin in order to buy CAG. Only found out about Kucoin shares after. I just bought 1k. I'll try to forget about them, and hold long-term, and hope the exchange does well.