KuCoin as an Investment
When investing in coins I'm often asking myself what value does this token hold and is there an actual use for it.
Asking yourself these questions when investing is very important because things that don't solve a problem or offer anything to people are usually not substantial in the long run.
A coin that has something interesting to offer is KuCoin.
I'm sure most of you have heard of KuCoin, wheater as the exchange or as the token itself.
For those who haven't heard of KuCoin,
KuCoin is a "new" exchange which offers a lot of tradable token on its platform.
The layout reminds a little bit of Binance and there are actually a lot of similarities like the design, the promotions and the use of Google Auth.
The most interesting similarity is that both offer coins that can be used for the exchange.
Without any doubt both exchanges use their tokens to get people to sign up for their platform, hoping that people will like it and start trading other tokens and coins on there as well.
There are KuCoin Shares
And the BNB Token
While the BNB token is used to pay the transaction fees, KuCoin uses a different approach.
The name KuCoin SHARES gives kinda gives away what their model is like.
Similar to a stock you will get "dividends" by holding KuCoin Shares, the nice thing is you get your dividends daily.
The amount depends on how many shares you own, and how big the trading volume was that day
Since I don't have a whole lot of shares, this is what it looks like in my account.
As you can see I have small amounts in every currency listed on the platform.
I think this is a great system and a great way to reward users and attract more traders to their platform.
That's it for today, like my post, write a comment and have a great day
I use kucoin and I didn't know holding their coin did that kinda cool.
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yes kucoin is a great coin to hold for a long term
KuCoinShares is simply TOO GOOD TO MISS!! Im riding it since 3$, and not planning to sell it like EVER. Good post!
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STOPI discovered this feature a few weeks ago. I even found a calculator. https://kucoinshares.com/
I was interested until I put some numbers in and realised for the amount of money I'd put in, I wouldn't really get that much (maybe compared to some profits in some different coin). Any ways, Great thread!