How to easly profit form the whole cypto space
Like we all know investing in the crypto markets can be quite hectic. That's why today i have (in my opinion) on of the best coins that i think will give you a nice and stable way to make some money in the crypto space.
KUCOIN - yes, or better said kucoin shares (KCS). you may have noticed that at the moment exchange coins are quite popular, like we have seen recently with the moon shot of Binance coin (BNB). This all happened because of the recent IEO hype that gives a lot of extra value to a exchange coin.
But if you were to compare a exchange coin like binance to Kucoin shares you will see that Kucoin has not yet experienced the same growth as the likes of Binance. While they are doing the exact same thing with IEO’s, a DEX and even more than that.
Also what you will see in the upcoming years is that one of the biggest uses of BNB will disappear. Because right now you can pay your fees on Binance in BNB and this will give you a discount, but in binance’s plan this will slowly disappear in 5 years.
Discount Rate
1st Year = 50%
2nd Year = 25%
3rd Year = 12.5%
4th Year = 6.75%
5th Year = no discount
(Don't take this the wrong way i still think BNB has a lot of potential and value!)
Because of the following 4 reasons i think that there is more value in KCS at the moment.
1 - Kucoin shares the profit from fees on the platform with the holders of KCS. So it doesn't really matter what coin does best, or if you support BTC or BCH as long as people trade in it you will get your diffident while holding KCS.
(calculate how much you will get paid here → https://www.kcscalc.com/ )
At the time of writing the yield is around 15% which i think is quite reasonable compared to most stocks/tokens.
2 - There is about to come a massive volume wave to the crypto markets. Not because i think that BTC or any other coin will go to a 1000000 dollars but because a lot of big companies are launching their own coins this year (and in the upcoming years). For the likes of Facebook, Samsung and all the thousands of game tokens that will be created. All of these tokens/coins will have to go through a exchange so that people can exchange them to BTC/USD/EUR. When that happens the volume on all the exchanges will explode. But Kucoin is one of the only strong exchanges that will reward you with a share of this new volume coming into the markets.
3 - Kucoin is a great exchange with a good interface and has a lot of great features on their exchange that you won't see anywhere else like the main, trading and sub-account funcion and many more. Also KuCoin was awarded as The Best Cryptocurrency Exchange at Blockchain Life 2019.
4 - Kucoin shares have not yet experienced the same growth as other major exchanges like Binance. So in my opinion Kucoin shares are still undervalued!
Thanks you for reading i hope you learned something!
Want to start trading on Kucoin ?! ----> https://www.kucoin.com/?rcode=Jecyde
If you liked my article please consider using my affiliate link. Thank you in advance and happy trading!
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