Kucoin is a Chinese cryptocurrency exchange similar to Binance that pays out 90% of daily exchange fees to their token-holders, and by holding Kucoin (KCS) tokens you will be paid daily in Bitcoin, Ethereum, Neo, Litecoin, as well as any other token they list on their exchange.
Kucoin token known as KCS issued by the Kucoin Exchange. The KCS is an ERC 20 token which is based on the blockchain of Ethereum, and can be stored safely on ERC-20 supported wallets such as MyEtherWallet.
One interesting aspect of this new platform is how it will issue its own KCS token bonus plan. It is very similar to Binance in this regard, as these “shares” will be used to redistribute 50% of all platform trading fees to the users. It is an interesting way to generate passive income, especially when considering there are “only” 100 million KCS in existence at any given time.