In this article we are going to talk about the KuCoin Trading Platform and their yield-generating cryptocurrency called KuCoin Shares – KCS. The KCS Token is a great way to participate in the growth of the platform and earn a nice passive income alongside.
What are KuCoin Shares – KCS coins?
KuCoin Shares, KCS, is the native cryptoccurency of the widely-known Crypto Exchange Platform called KuCoin. The cryptocurrency exchange is based in Hong Kong. Since its inception in 2017, the exchange has gained lots of traction and support due to its ease of use and wide-range of altcoins listed on the platform. The KuCoin Platform currently provides Crypto Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its millions of users around the world. The exchange is increasingly becoming popular and growing fast. As the core of the KuCoin ecosystem, the KCS Token, will be the underlying fuel and native token of the KuCoin decentralized products, which will benefit the KCS holders and ecosystem builders.
Holders of the KuCoin Shares Token can stake their KCS coins and receive dividends on a daily basis. These KCS Rewards are distributed based on the amount of kcs tokens you hold and the trades which are completed on the platform. Holders also receive exclusive promotions, rewards and offers from the exchange.
By holding the KCS Coin, you do not only receive a nice passive income from crypto but you can also benefit from the growth of the platform. The bigger the kucoin exchange becomes, the more valuable KCS will become and the more revenue will get distributed to its holders.
How to earn KCS Bonus Rewards?
KCS Bonus is a unique incentive mechanism for KCS Token holders. It is a great way to earn some passive income in crypto, just by holding/staking the coin.
All users that hold at least 6 KCS coins on the KuCoin platform can get a daily KCS Bonus, which comes from 50% of KuCoin’s daily trading fee revenue. So for example, if the total amount of fees collected for the day was $100,000, then $50,000 would be shared between all the stakers of KuCoin Shares, daily! The trading fees will be paid to you in KuCoin tokens, which you can either sell or simply keep to compound and receive even more rewards in the future.
The amount of rewards that users can get, depends on the total number of KCS held and the trading volume on the KuCoin Crypto Exchange. Based on historical data, the estimated annual KCS APR ranges from 2–15%.
KCS Bonus Calculator – KuCoinShares.com
The KuCoinShares.com website is a community-developed tool which gives you a simple KCS Bonus Calculator to calculate how much KCS Rewards you will be able to earn with any amount of KCS Tokens held. Simply input the amount of KCS you hold and check how much rewards you would earn from it.
The KCS Staking Rewards Calculator on KuCoinShares.com is based on the current realtime data from the crypto exchange. The more success and higher trading volume the KuCoin trading platform has, the more KuCoin bonus you can earn by staking KCS.