Kucoin is an up and coming exchange based in Hong Kong. Kucoin are ambitious outfit and in addition to incorporating an aggressive promotions campaign, the exchange also plans to provide early access to some of the most promising coins in Asia as well as allowing for the trade of more established coins.
The exchange also operates its own currency known as Kucoin Shares (KCS) and the KCS token operates as a standard ERC 20 token based on Ethereum blockchain. The value of the KCS token will increase in line with an increase in its number of holders and traders. This provides extra value as holding KCS allows the platform’s users to access benefits including a 30% trading fee discount as well as an award incentive bonus, which equals to 50% of the total trading fees charged by the platform, which is distributed back to users who hold KCS in their accounts.
The exchange has experienced around $4M of total trading activity with its KCS token attracting the majority of traders. The recent listing of coins such as the Red Pulse RPX token has helped increase the exchange’s user base. With further keenly anticipated tokens set to be listed, Kucoin is an exchange that will only grow in importance and we can expect the price of KCS tokens to match the rise of the exchange.