/biz/ - Business & Finance

TL/DR: Here's the spreadsheet
https://docs.google.com/spreadsheets/d/1YKXPjczfjPOfgJ4DZv49YKiVlgZVpLhBShYKyQPQHGA/edit?usp=sharing

Just 5 months ago, a brand new crypto currency exchange called Binance was released. It started of small, but in just 5 months, it has managed to surpass Bittrex, the world’s biggest crypto currency exchange in terms of volume/24hr.

This was thanks to Binance’s brand new business model, aggressive 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, totaling 0.2% fee’s per trade. 50% of this fee (0.1% per trade) goes directly to the holders of KCS!

As I am writing this, the volume on the Kucoin exchange is $23 million (3–4x from two weeks ago), and it is rising every day. Now what does this mean for you, if you decide to buy $10k worth of KCS?

Check out this spread sheet

https://docs.google.com/spreadsheets/d/1YKXPjczfjPOfgJ4DZv49YKiVlgZVpLhBShYKyQPQHGA/edit?usp=sharing

So with Kucoin’s current 24hr volume, you’ll get a dividend of $2.53 every day. Now that doesn’t sound as much, but hear me out here. Kucoin expects to be a top 10 exchange by summer 2019. At that point, they would have to have a 24hr volume of way over $1bn, meaning at least a 40-fold increase in volume, and that’s right, dividends!

Your dividends by that time would actually be $100+ a day!

The dividents you get are not in dollars, but in the various coins that are traded in Kucoin. It is very likely that if you hold all your dividents, and do not sell them, that there are some gems in between. Consider if you get $10 worth of some new coin as dividends very early on. If that coin goes 1000x, like some coins will those $10 dividends will become $10k