Kucoin - The next step, From Profit-Driven to Profit-Sharing Crypto Exchanges
Kucoin has been out since October 23 and is a revolutionary approach to buying crypto's; giving a piece of the pie to its investors. A whopping 50% of that pie! 50% of the total transaction fee's from the exchange are given to those that own and keep KuCoins on the exchange. The more you have of Kucoin, the bigger the return. This is subject to change as time goes on. On top of that, they have a referral program where those that sign-up for Kucoin because of you, you get 40% of their fee's from transactions, paid in the coin they are buying. Not so bad, for using something we all use anyway, Crypto exchanges.
And not only do share holders gain interest on their shares through the exchanges fee's, share holders also receive a discounted transaction fee, topping out at 30% with 1000 shares. ($680 ATM)
The list of offered tokens on the exchange is slowly growing, but a fair amount of the main one's are their, including EOS, OmiseGO, Civic, Qtum, TenX and of course Bitcoin, Ethereum and Litecoin.
You can also buy and/or stake NEO in the wallet and gain NeoGas. And, with NEO platform here, Kucoin, as of now, for some reason, is the only exchange trading RedPulse on October 28th.
As of now, it has been the easiest exchange for me to use. Automatically showing the price you would pay with ETH in USD and automatically calculates how much of a certain token you can buy/sell and the best offered price for each.
Fiat is not accepted on this exchange, so bring assets from other wallets onto the exchange wallet to do trading. For Fiat to Crypto, use sites like CoinMama (High Fee's) or Cointal (Trickier)
As of this writing, the price per share is $0.68.
Check them out here! Do some investigating and it never hurts to give it a try with little. But blockchain tech being the revolution towards decentralization and being rid of greed and corruption (maybe I am naive), decentralized exchanges should replace the profit driven exchanges for profit sharing. Because sharing is caring!!