Kucoin Shares — Is it a good investment

Kucoin Shares(KCS) is a token that is directly linked to Kucoin, a large cryptocurrency exchange and its price is based on the volume of the Kucoin exchange. It is sort of like Binance Coin(BNB) but it has one advantage over the BNB coin. It yields what looks like to be around a 20% dividend based on the number of shares you have. Kucoin shares 50% of its trading fees with KCS holders so the larger the volume or trades on Kucoin is, the larger your dividend is going to be. I expect as the crypto market rebounds, volumes on Kucoin are going way up so the actual price of these shares will increase dramatically but so will the dividends gained from shareholders which will make these coins very very lucrative. Also, with Kucoin’s aggressive marketing plan, I do feel like they have a good chance to be a top 20-25 exchange in the future, which makes this even more lucrative of a coin. While I would not put all my eggs in one basket, based on the fact that I think Kucoin has a bright future and that the dividends are going to draw a lot of people towards this coin, it looks to be a solid buy.

Advertisement