We all have coins which we do love. Coins in which we believe. Coins that if they accomplish what they promise will mean a big jackpot for us!
For me, one of those coins is KCS! KCS is the native coin of the Kucoin Exchane. I always did see Kucoin as the small brother (from another father) of Binance! They do look similar. The only thing Binance has at the moment which Kucoin doesn't have (yet), is an own chain!
For the record: This is not financial advice!
Staking!
KCS was one of the first cryptos I did purchase and I did keep on accumulating since then! In the beginning of the year I did pass the 300 milestone already, but when the price spiked, I did sell 80 of those. This was enough to have my complete investment back. A month later I did start accumulating KCS one again. And today is the day I was waiting on, I do have to admit that I did move some tokens around to reach my 300 mark!
The great thing about KCS is that is does share the fees they do earn on the exchange with the KCS holders. You only do need 6 KCS to have a share of the pie. They do pay out the divs, exactly in KCS. The more trading is done on Kucoin, the bigger the pie is. At the moment I do earn around 0.07 KCS per day, which is around $0.8. With 135 days left in the years, I will earn another 9.45 KCS for free! It all compounds! That's an extra $142!
But that for sure will not be the end station!
Value
The all time high of KCS is $21.14. At the moment it is trading at $11.58. That is around 55% of it's all time high! If it will ever reach it's all time high again, than my KCS will be worth a whopping $6300.
But there is more. I still do believe that even the all time high can be broken. Like I did write above, it is more or less the small brother of Binance. And the value of BNB did sky rocket when they had their own chain. The Binance Smart Chain. Suppose, let's just suppose that Kucoin will launch an own native chain and that due to this the value will spike. Not up to the level of Binance, but let's say 1/6. Binance today is trading at $430. 1/6 of that is $71. So suddenly my holdings would represent than $21000. What about that!
I know there are or lots of ifs in the scenario, but in crypto everything is possible!
Roadmap!
Since a few weeks KCS is back in the top 100 of the coinmarketcap. Currently sitting at the 96th place.
According to their roadmap they want to be in the top 50 before the year is over and in the top 30 at the end of next year! If they want to be in the top 50, they will have to triple their value before the year is over. And probably more because the other coins are sitting and waiting to grant them the 50th spot!
Even funnier is that they mention that they do want to be in the top 15 within 3 years! That would mean the current price times 12! So it would be trading around $120.
Even if they only would reach spot 75 on the CMC, it would mean that their value would have to increase with 50%! Another thing which is in their favor is the new Binance KYC policy! Lot's of people will start searching for a new exchange. And due to the similarities between the two. KCS would be a great fit!
So, let's say that KCS is one of my dark horses in my crypto portfolio! It has a share of around 20%. But that should normally decrease because I will stop accumulating it and give other projects some yield.
So, if you are looking for a new Exchange, which also does gives something back or looking for a new coin to invest in. Why not do some research about the Kucoin Exchange and the KCS token.
And yes Kucoin does support BCH :)
You can find more information about it here:
https://www.kucoin.com/ucenter/signup?rcode=7J4wKv&lang=en_US&utm_source=friendInvite
Cheers,
Peter
A few months ago, I received 50 KCS for staking from the Kucoin exchange. It was around 8 dollars, 1 week after I bought it, it saw an increase of 80%. I keep it staked and make do with the daily amount, but I expect similar scenarios.