Learn more about KuCoin Shares.
KuCoin is a cryptocurrency exchange based in Asia that emerged during 2017 and quickly gained traction. KuCoin charges 0.1% on trades, and half of the fee revenue gets split among all holders of the KuCoin Shares.
The KuCoin exchange is similar to the exchange Binance in launching its own token. The main purpose of the KuCoin token is 2-fold:
1. KuCoin token holders receive extra discounts when paying fees using KuCoin Shares.
2. KuCoin token holders earn a profit share from the platform trading fees. Profits are distributed proportionally to how many tokens each user holds.
KuCoin Shares Buyback
There is a max supply of 200MM KCS, of which 100MM will be burned through a buyback system. Each quarter, the company will take at least 10% of KuCoin’s profits to use for the buyback event.