KuCoin cryptocurrency exchange has updated rewards and benefits for the holders. The new updated bonus program for KDS holders is better than ever. In this, KuCoin will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute the KCS back to users as the new KuCoin Bonus Program, replacing the old one.
Notonly that, all KuCoin Bonus moving forward will be given to users in KCS, not dust of other cryptocurrencies traded on the exchange, as voted on by users who completed their survey.
The new KuCoin bonus structure will start on July 10th 2018. To be eligible for this, KCS holders must have atleast 6 KCS tokens to obtain trading fee bonus. Also, these tokens must be kept in the exchange, so if you withdraw them to your Ethereum wallet, you won’t get the bonus. The bonus is released at 00:00 (UTC+8) each day. If the calculated KCS daily amount is less than 0.00000001 KCS, it will not be released that day.
KuCoin says that they upgraded the bonus program for the KCS holders to show their appreciation.
You can buy KCS at KuCon here. Make sure to buy atleast 200-300 KCS to receive any meaningful bonus.