Kucoin 2020 exchange review

2017 was the year that launched many ETH based exchange tokens. A few of those offered a share of the exchange fees through a Fee Split Allocation (FSA) model. Some have shut down or become zombie exchanges like COS, formerly COSS. Kucoin has thrived since launching, becoming a leader in the cryptocurrency community. Who doesn’t love a product that gives back a share of revenue?

Exchange coins have consistently ranked at the top of this young asset class. It makes sense on too many levels, easy accessibility and design being main reasons. They’re generally designed around deflation, scarcity, buybacks, dividend type distribution, discounts, rewards, or market dynamics engineered for profits.

Native exchange tokens are an asset that future buyers, don’t mind paying a premium on. They’re largely immune to the market driving up the barrier to entry, users being crypto speculators themselves. Increased asset cost is mostly desirable as it shows a history of positive performance, you can’t say the same for every utility token.

KCS is the golden #1 fortune luck garden star of Kucoin

Kucoin Shares is the native erc20 for the asian based multinational exchange. The token was sold at ICO in 2017 at $0.20 and topped out in Jan 2018 at $22. Lately KCS has range traded between $0.80-$1.70 Supply would have maxed out at 200 million KCS but over 19 million KCS have already been destroyed. KCS does quarterly token burns as well as periodic promotional events to constrict supply.

Being a fee split allocation token, KCS guarantees 50% of daily trading fees. Fees are shared with anyone holding over 6 KCS on the exchange. Now paid out to holders in the form of KCS but the first 6 months saw Kucoin pay out in all the different cryptos collected. This didn’t give many users more than fractions of coins and saw KCS price stagnate.

Kucoin has responded to the 2018 bear market with market experiments. They’ve tried giveaways, KCS lock-ups for higher % rewards and raffles, burn contests. Hard to say how much it’s helped price but it keeps things interesting for users.

Kucoin es tu coin

The exchange is a leader in staking, affiliate, airdrops, bounties, margin and more. Their referral program gives affiliates 20% on traffic generated, for 1 year from sign up.

Kucoin has the largest selection of soft staking that I’m aware of with Cosmos, EOS, Tron, Internet of Services, Neblio, DeepOnion, Energi, NULS, TomoChain, EOSForce, Loom Network, Loki, V Systems, Wanchain, IoTeX, Tezos, Elastos, PIVX, Ontology, and Decred currently available for staking.

They released a great site for bounties and giveaways, originally KucoinPlay now Winplay.app. Margin trading and user lending is available too.

The KYC is legitimate but not excessive, and I personally couldn’t be happier with the exchange since 2017. I hope they continue to innovate and lead the way forward. Kucoin is an example of how to do things right in crypto.

Kucoin Reddit: http://reddit.com/r/kucoin

Kucoin Telegram: https://t.me/Kucoin_Exchange

Kucoin Twitter: https://twitter.com/KuCoinCom

Kucoin Blog: https://www.medium.com/kucoinexchange