Why KuCoin Shares (KCS) Has Value — The Opportunity Within Its Increasing Utility
KuCoin has brilliantly developed the KCS token to be an all-embracing component with the ever-growing KuCoin ecosystem throughout every facet.
KuCoin Shares (KCS) on its own crypto-currency platform provides exposure to various parts of KuCoin. Originally an ERC-20 token, the market cap currently stands at $63 million, with trade volume of over $6.8 million over the past 24 hours. The crypto asset is currently ranked 108th on the CoinMarketCap, a quite distant position from its past feat. Momentum for the token has been driven by hype which are likely from its surrounding fundamentals and several Initial Exchange Offering sale being hosted on Kucoin. Given the impressive short-term rise, KCS remains down 93 percent from its all-time high in January 2018.
The use cases for KCS ensure users remain in the closed garden ecosystem of KuCoin, including; KuCoin.com, the upcoming public chain KuChain, KuCoin Spotlight, and later this year decentralized exchange KuDEX. In order to access the IEO sale on KuCoin Spotlight, participants must first purchase or sometimes hold KCS tokens. Speaking of hodl, Kucoin has differentiated itself from other major altcoin focused exchanges because 50% of total trading fees derived from trading on the exchange are distributed to the holders of Kucoin-shares (KCS) daily based on the size of their holdings. Additionally, on KuCoin, there is a tiered trading fee VIP program for accounts holding a significant KCS balance.
Buying and holding the KCS token is effectively going long on the success of the KuCoin exchange itself, which has yielded immense profits for over the past 33 months of existence. Time and again, KCS may not seem to be a get-rich-quick token. If anyone wants to participate in the long-term success of KuCoin, then KCS is the way to jump in. If the last 33 months are any indicator, then anyone should know that the business around KCS will gradually become ecological, and the intrinsic value of KCS will be higher and higher. Technicals for both KCS pairs suggests an intact and strong bullish trend, however, a hint of cautiousness is prudent given the understandable short-term hype driven primarily by the upcoming IEO token sale.