Where Should KCS be Listed Next?
The information contained herein, mainly regarding cryptocurrencies and the state of digital networks does not intend to be a source of advice or credit analysis with respect to the material presented. Ergo, the information and/or documents contained in this website do not constitute investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting the company with an expertise in crypto. The author suggests to consider and evaluate each of the risk factors and all other information contained herein. It is worth noting, however, that trading and investing in cryptocurrencies solely rely on how well a customer perceives the digital asset based on its market industry.
In addition to the introductory message above, I would like to give another disclaimer that the following parts are merely analyzed based upon the experiences I’ve been through in my crypto journey since 2014. Not unlike my previous blogs, this one is something more personal to me.
Today, I am going to share my personal insights on one of the most undervalued tokens in the trading world now. As I was gathering my resources for this blog, I have found out the recent call-outs specifically for Binance to list KCS under their platform. So I wondered how far users can go just to pump their favorite tokens.
I can’t consider myself as someone who’s devoted to KuCoin, although I must admit that I have several investments under its token, KCS. For some of you who are new to the world of cryptography, allow me to briefly discuss what KCS is and its features.
What is KCS?
KuCoin is a popular cryptocurrency exchange that was launched in August of 2017. It features a native token called KCS . It is a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets.KCS is the underlying fuel and general token for future KuCoin decentralized products.
In fact, this token is one of my favorites. Not just because I have been using their exchange platform ever since, but also because of its unique features. I’ll be discussing more of its characteristics in the next parts.
What are the edges of KCS compared to other tokens?
In my experience with KCS, I enjoy their daily dividend which comes from 50% of KuCoin’s daily trading revenue. If others focus on the security, the quality and tech capabilities, this token is definitely molded for the public. It is for the people who don’t have much yet in the crypto world. Users who hold 6 KCS and above can have the chance to participate in this activity. KCS Bonus is regarded as one of the best ways to get passive income. In fact, the amount of rewards that users can get depends on the number of KCS held and the trading volume of the KuCoin Exchange.
It is a win-win for the investors and the network. I can use this token to pay trading fees under KuCoin and enjoy discounts up to 80%. Since I trade almost thrice per week, this is a plus for me. Also, KCS is a slash card to participate in the token sale on KuCoin, Spotlight and LockDrop/BurningDrop on the Pool-X platform. Of course, allow me to mention the basic uses of KCS, which includes, paying for goods, hotel reservations, buying gaming equipment, and the list goes on.
However, the price of KCS still remains within $5 to $6-ish. Ergo, every user thought it’s getting left behind from the other tokens. Numerous questions arrived and KCS was compared to BNB, the Official Token of Binance. People would say, KuCoin and Binance are great competitors. And despite the fact that BNB is currently listed on KuCoin, why is KCS not listed under Binance?
I’m also figuring out what could be the reason behind this.
Not until the CEO of KuCoin Global gave us some “signs’ on their latest Ask-Me-Anything (AMA) event in February. According to Mr. Johnny Lyu, they will focus more on empowering KCS and he is confident that it can reach the top 30 or even the top 15 of total market cap just within 2–3 years.
There was one person from Telegram (cloud-based mobile and desktop messaging app), who asked Mr. Lyu if there is a chance to list KCS on big exchanges like CashApp, BitMax, Binance and etc.
“ Yes for sure, adding more liquidity to KCS is one tangible way to increase the amount of token holders and intrinsic value,” he answered.
I can still remember how KCS performed last January 2021, reaching 80% growth in just a short period of time. Consequently, it is not impossible for KCS to be listed on big exchanges. Here are the exchanges in the line up and fleets about them:
First is Cash App, it is a peer-to-peer money transfer system that essentially acts as a bank account. Cash App is good to invest in stocks, ETFs, and cryptocurrency. It is an easy app for first-time users to figure out and makes it easy to invest in your chosen cryptocurrency.
Here is another big exchange best for KCS — Coinbase. It is a world-class trading platform that offers an intuitive interface with the best tools for traders so they can trade easily. Here in the United States, Coinbase is widely known and used as a cryptocurrency exchange. This one is my next favorite after KuCoin.
We also have CEX.IO, which offers the best support for high and low volume Ripple trading, and is the fastest place for all your Ripple trades. I can use my VISA, Mastercard for any transaction under this network. This is a good choice for the intermediate cryptocurrency trader, with the focus being on the top names in Bitcoin and Altcoin.
For the last, but certainly not the least, we have Binance. It is a well-known exchange for cryptocurrency worldwide with over a hundred coins supported for trade, deposit, and withdrawal. It will be an advantage for KCS to be listed on Binance. Since, the exchange has made numerous reassessments on how they can grow further, and one thing that keeps coming up is the team’s commitment to making the users experience better.
As of March, no announcement has been made as to where KCS will appear in the following weeks. Whether it is on Binance, CEX.io, Cash App or anything else, investors like me should just hold KCS tight. I honestly don’t know what the future holds for this token. All I know is that investment means taking the risk. I will hold this token until it gets listed on the best exchange.
Be that as it may, what could be the “best exchange” for KCS?
