What is KuCoin Shares?
KuCoin is an exchange platform which provides its users with the unique opportunity to become shareholders by owning their native currency KuCoin Shares tokens (KCS). By its nature it is a token and as many you hold as much more bonuses and benefits you receive. For example, you can get trading discounts or even reduced withdraw fees, also KCS holders can get promotions, offers, and reward from the exchange. The total supply produced and in circulation is 180,730,576KS tokens of which 90,730,576 are sold already.
Advantages
Striving to be a safe and convenient place for anyone who’s looking for an exchange and provide him with additional features too.
- Low transaction fees
- Exclusive features for holders
- Multi-language support
Disadvantages
I can count as a disadvantage the fact that you can buy KCS only from their exchange.
- Cannot be exchanged for fiat money
- You may experience difficulties during high traffic periods
History and Evolution
Founded by Michael Gan (CEO) and Eric Don (COO), KuCoin is a Singapore based cryptocurrency exchange. It offers more than 350 trading pairs and it has over 5 million registered users to this date. It is famous for its loyalty-based token KuCoin Shares (KCS tokens) which deliver benefits and features making KuCoin exchange, one of a kind. The solid team behind the scene also reflects on the development and the pro-active customer approach. Eric Don was previously a senior partner in several IT companies like Youlin.com and Kiteme. Respectively, Michael Gan is a technical expect of Ant Finance of Alibaba Group and as well, a senior partner in MikeCRM and KF5.com. Maybe that is the reason why the ICO campaign released on August 13, 2017, with a starting price $0.22 per unit was such successfully, the total amount raised as an ICO comes to $22,402,000.
KuCoin Shares Future
The main aspect is the improvement of the customer experience and the exchange integrity. There will be an incentive bonus available only for KSC holders equal to 50% of the total trading fees charged by the platform, nice right? Just have in mind that could change or be adjusted based on the present or future events. Apart from the monetary reward, the holders will be able to take advantage of other benefits like reduced trading fees, customer fast-pass, one-on-one investment consultations etc. Of course, there’s more planned for the following years, in 2018 is expected to finally launch the Fiat to Crypto exchange and more additional functions for KCS holders.
KuCoin Shares Blockchain
KuCoin Shares are ERC20 tokens supported by the Ethereum blockchain but dedicated to the KuCoin cryptocurrency exchange. The main purpose of theirs is to draw more users to the network and offer them an exclusive model of shareholding. The token was designed with the idea to share and spread the success of the platform with its users. The first TestNet version is planned to be released in March 2018, the first MainNet – December 2018 and on January 2019 should be the official starting date of the project itself.
How to get KuCoin Shares at Exchanges
KCS tokens are tradable only on their exchange platform, perfect for those seeking for a modern and secure place to trade cryptocurrencies. The managing team is in the business from 2011 working and researching blockchain technology ever since. It is expected to be one of the top exchange platforms in the world for the year 2019. Their reputation is growing by any minute and increasing the number of users and holders. To become a holder, you need just to follow the instructions that the platform will provide for you regarding the KuCoin Shares token trades. In a manner of fact, only half of the supply limit of 181 million coins is in circulation, so there’s much more to see in the future.
| Exchange | Buy KuCoin Shares with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum + 3 more | – | Trade now |
Wallets for KuCoin Shares
Ever-since KCS is an ERC-20 token I can recommend you use the unofficial, free to use MyEtherWallet which does not require any installation because its accessible through their webpage. In case you want to have a client on your private pc or mobile phone, you can download it from the same page. After all, we speak about cryptocurrencies that’s why it will be best to back up your wallet,
Alternative Wallets
For those who seek alternative options with more features, multi-coin support, and different interface clients, there are many options online, diverted in several directions. Firstly, split by their access to the internet, they are cold and hot wallets. Based on the type of supported client, they could be a desktop, mobile or web platforms. Cold storage or otherwise called Hardware wallets are considered most secured and suitable for containing large amounts of digital assets.
Mobile Wallets:
Web Wallets:
News
There are many wells of information online, but it is best to stick the official channels. Latest news can be found on their Official Website.