Overview

28/09/18 08:50 UTC-4

Potential and Outlook of KuCoin

KuCoin – a currency with potential
KuCoin – a currency with potential

Infrastructure called KuCoin is one of the world's largest exchange sites for cryptographic currency. At the beginning of the year, this platform supports more than two hundred digital assets, transactions with which occur through the internal KCS token.

 

Work principles

The KuCoin Internet project is based in Hong Kong, where in 2013 the development of the architecture and algorithm of the network began. Immediately after the start of the ICO, shares of KuCoin were issued, which allow the holders of the asset to receive dividends, depending on the price of the coins.

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KCS  cryptocurrency has an ERC-20 marker and performs the same functions as other digital assets. KuCoin has a high potential for scalability and network security, so many traders have moved to work on this site. The KuCoin Exchange supports eleven of the world's most popular languages.

 

Capitalization

KCS token holders have a so-called passive income, which is credited to their wallet daily after accounting calculations based on the results of platform profits from transactions. KuCoin has proven itself as a convenient format for decentralized exchange with a low transaction tax. As well as competitors, KuCoin provides round-the-clock support to users, which has a hot line and an e-mail address.

According to information from the analytical portal CoinMarketCap, there are over 180 million tokens in the KuCoin network turnover. To date, the owners of KuCoin intend to buy back part of the domestic cryptocurrency, until the total number of coins is reduced to 100 million units. According to internal documents, all coins are distributed among three groups of users: 35% get founders, 15% will leave shareholders, and the remaining 50% will go to users. Also, the document imposes restrictions on the sale of assets by the founders until September 2, 2013.

After the rapid growth in the value of coins at the end of 2017, there was a slight decline, which led to a fall in the price of KCS more than double. Buy shares of KuCoin can only be on the official website and exclusively for the cryptocurrency. Save your savings will help Ledger Nano S or Trezor software wallets.

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Given that recently there has been a revival in the cryptocurrency market, KuCoin shares should significantly rise in price, so it is now a very good time to invest in this platform. The founders of the exchange are confident in the success of their project, because in the last three months of work this shell has attracted about three hundred thousand new users. Such a breakthrough is attributed to the reliability and security of the exchange service, as well as relatively low fees for conducting transactions.

Editor: Alyona Nabok

#KuCoin #KCS #cryptocurrency

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