BIG change for Kucoin Shares, very possible uptrend!

For those of you that dont know Kucoin is a reasonably big exchange that pays 50% of its trading commissions to whoever holds kucoin shares (KCS) in their exchange, what they would do is pay you the trading fees in lots of different cryptos which is a great passive income.

But yesterday (10 July 2018) they decided to change the way they payout trading dividends instead of paying in small bit of lots of cryptocurrencies they will use them to buy on their exchange kucoin shares (KCS) and then give you that.

why does this matter?

this means every day there will be forced buying of KCS shares by the system pushing the price up every day!

currently, the trading volume on the exchange is 50 million $ multiplied by a trading commission of 0.2% = that's 100,000$ now only 50% of that will be used to buy KCS and give it back to KCS holders, so that's 50,000$ daily forced buying! usually, KCS shares have a daily volume between 1-2 million $ a day so having an extra 50,000$ buying up all the asks is HUGE!

what I think (speculate) will happen is the price of KCS is going to fly! because every day there will be less and less KCS available but a constant and growing demand if trading volumes on the exchange also increase then the forced buying also increases!

I'm not a financial advisor but I think this is a great opportunity to get and hodl some KCS shares, you can get them on their exchange here: Kucoin

by the way, they are also a very good exchange so worth signing up for an account anyway.

please do your own research when buying cryptos.