This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Just 5 months ago, a brand new cryptocurrency exchange called Binance was released. It started of small, but in just 5 months, | |
it has managed to surpass Bittrex, the world’s biggest cryptocurrency exchange in terms of volume/24hr. | |
(source: https://coinmarketcap.com/exchanges/binance/ ) | |
This was thanks to Binance’s brand new business model, agressive coin listings, marketing and trade competitions. Another interesting | |
thing about binance is its token, BNB. BNB has grown 50x since its release. Its only utility is to save 50% fee’s, if you pay them | |
with BNB. | |
Now Kucoin takes this a step further with their own token, KCS. Kucoin charges a 0.1% fee from every trade, both from the taker and | |
the maker, totalling 0.2% fee’s per trade. 50% of this fee (0.1% per trade) goes directly to the holder of KCS! |