Niloofar S.
Niloofar S.
Oct 12, 2021

Is KuCoin Shares a good investment?

  • KuCoin Shares is built on the Ethereum Blockchain which makes it an ERC20 token. This thus simply means that one can store his or her KCS in any wallet that supports Ethereum Blockchain. The most used Ethereum Blockchain wallet is MyEtherWallet (MEW) but one can opt to store the coins in a hardware wallet such as the Trezor or Ledger Nano S. This is meant to guarantee investors that not only will their passive income from dividends continue to grow, but that the value of the KCS they hold will also increase over time. The distribution of dividends and discounts earned by KCS holders is all dependent on how many of the coins are held.
  • Another benefit to holding KCS comes from the KuCoin Shares buyback and burn program. KuCoin 's price today (October 12, 2021) is $0.562375 with a 24-hour trading volume of $17,459,823. KuCoin's price is down -3.8% in the last 24 hours. It has a circulating supply of 1 Billion KuCoin coins and a total supply of 1 Billion. It has a circulating supply of 91 Million KuCoin coins and a total supply of 146 Million. KuCoin 's ROI with 1,261% in a year exceeded in 'Centralized Exchange Token (CEX), Exchange-based Tokens' categories.
Is KuCoin Shares a good investment?
Is KuCoin Shares a good investment?
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Introduction

KuCoin Shares is built on the Ethereum Blockchain which makes it an ERC20 token. This thus simply means that one can store his or her KCS in any wallet that supports Ethereum Blockchain. The most used Ethereum Blockchain wallet is MyEtherWallet (MEW) but one can opt to store the coins in a hardware wallet such as the Trezor or Ledger Nano S. This is meant to guarantee investors that not only will their passive income from dividends continue to grow, but that the value of the KCS they hold will also increase over time.

The dividend on KCS is paid every day and the proceeds are deposited directly to your KuCoin wallet address. KCS holders also get additional benefits at higher holding such as a fast-track customer service lane and a personal investment consultation.

How do Kucoin Shares Work?

The distribution of dividends and discounts earned by KCS holders is all dependent on how many of the coins are held. For example, the tiered maker/taker fees are discounted as the number of KCS held increases up to a maximum of 135,000 or more KCS which has a minimum fee of 0.0125% for makers and 0.03% for takers. This tiered discount recently replaced the initial discount program that gave a 1% discount for every 1,000 KCS held.

Another benefit to holding KCS comes from the KuCoin Shares buyback and burn program. In this program KuCoin uses up to 10% of their quarterly profits to buy back KCS tokens on the open market and then burn them, thus reducing the supply and theoretically making the remaining KCS more valuable.

his is meant to guarantee investors that not only will their passive income from dividends continue to grow, but that the value of the KCS they hold will also increase over time.

The dividend on KCS is paid every day and the proceeds are deposited directly to your KuCoin wallet address. KCS holders also get additional benefits at higher holding such as a fast-track customer service lane and a personal investment consultation.

Financial Analysis

KuCoin 's price today (October 12, 2021) is $0.562375 with a 24-hour trading volume of $17,459,823. KuCoin's price is down -3.8% in the last 24 hours. It has a circulating supply of 1 Billion KuCoin coins and a total supply of 1 Billion. It has a circulating supply of 91 Million KuCoin coins and a total supply of 146 Million.

KuCoin 's ROI with 1,261% in a year exceeded in 'Centralized Exchange Token (CEX), Exchange-based Tokens' categories which had 341% growth over the past year. It's underperformed in the crypto market which had 13938% growth over the past year. You can track KuCoin Return On Investment (ROI) on our website for Free.

A capable marketing team and brand awareness have a direct impact on the success of any project. According to our data, KuCoin 's Twitter account saw an increase of 39% in the number of followers over the months from May 16 until October 12 of 2021. Moreover, its Reddit channel users went up by 40% over the same period. You can follow KuCoin 's popularity using our report, which is accessible in our website's popularity.

Our data indicate that KuCoin 's ranking among the markets' cryptocurrencies in terms of market capitalization decreased over the last months, from 113 to 115. Also, its price saw a similar trend, rising from $11.40 to $11.64 today at the time of writing. However, its liquidity score is 44% under the market's average score, which means that it would be difficult to sell the KuCoin if the market is falling. You can find our report about KuCoin's market capitalization, price, and liquidity score on our webpage.

You are saying that KuCoin Shares is the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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