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      "parent_permlink": "kucoin-shares-from-an-investment-perspective",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-ianduvall-20191226t175127000z",
      "title": "",
      "body": "Congratulations @ianduvall! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ianduvall/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ianduvall) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ianduvall)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "amount": "0.002 STEEM",
      "memo": "Hi, BNB isn't the only coin who's on fire lately. TOMO (Kucoin) gained 200% against BTC since Dec 2018. We believe that this is just the start! check out this Kucoin chart: https://twitter.com/AskLunarExpress/status/1101663432066195464"
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      "permlink": "re-ianduvall-kucoin-shares-from-an-investment-perspective-20190215t085336364z",
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      "body": "thank you for sharing this. it was quite interesting. i found this article for Kucoin Shares and it's pretty interesting as well.  check it out. https://thecashdiaries.com/2019/02/15/making-money-with-kucoin-shares/",
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      "body": "Congratulations @ianduvall! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ianduvall/birthday1.png</td><td>1 Year on Steemit</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@ianduvall)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png\"></a></td><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends-the-party-continues\">Christmas Challenge - The party continues</a></td></tr><tr><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/kf4SJb.png\"></a></td><td><a href=\"https://steemit.com/christmas/@steemitboard/christmas-challenge-send-a-gift-to-to-your-friends\">Christmas Challenge - Send a gift to to your friends</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "I saw this post. Maybe you will like it as well. Its an answer on quora platform. try and give it a good read :D  http://qr.ae/TUI2Ge",
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      "author": "steem-network",
      "permlink": "re-kucoin-shares-from-an-investment-perspective-20180102t010643",
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      "body": "<html>\n<p>Congratulations <a href=\"/@ianduvall\" target=\"_blank\">@ianduvall</a>, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.</p>\n<hr>\n<div class=\"pull-left\"><img src=\"https://steemitimages.com/DQmaAdLUJ3yaSkmcmWECWyPGPWcjfbCoZ8Tu4RM6H4DbjCi/steem-network-thumbs-up.gif\" alt=\"Thumbs up for Steem Network´s strategy\" title=\"I suggest Steem Network´s strategy\" width=\"320\" height=\"222\"></div>\n<h1>The proven road to boost your personal success in this amazing Steem Network</h1>\n<p>Do you already know that awesome content will get great profits by following these <a href=\"/steem-network/@steem-network/spread-your-posts-through-this-proven-strategy-and-get-great-profits-in-return--for-posts-created-at-2018-01-02\" target=\"_blank\" alt=\"Steem Network\" title=\"Follow Steem Network´s suggestions to boost your success\">simple steps</a>, that have been worked out by experts?</p>\n</html>",
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      "title": "KuCoin Shares from an Investment Perspective",
      "body": "Many of the articles I have read about KuCoin Shares are the classic FOMO-inducing, the grass is always greener over here, here's my referral link kind of articles. Instead I'd like to share my approach to KuCoin Shares from an investment perspective, both the positives and negatives. **Warning: this article contains basic math that may exercise your brain.**\n\n**Discloser**: I do not own KuCoin Shares and I am not recommending you buy, sell, or do anything related to them. This is not investment advice. Do your own research. Make your own decisions. This is strictly for educational purposes.\n\nFor those who don't know, KuCoin is a Hong Kong based exchange started in September of 2017. KuCoin Shares (KCS) are tokens issued by KuCoin much like [Binance's BNB](https://www.binance.com/?ref=15953326). These exchange-issued tokens provide some utility on the exchange. In the case of KCS, they provide a share of the fees taken by the exchange much like a stock would pay dividends to its shareholders. Essentially, KCS are a stock in the KuCoin exchange and the dividends are a portion of the fees the exchange takes.\n\nFor more detailed information, here is the full KuCoin [whitepaper](https://assets.kucoin.com/kucoin_whitepaper_en.pdf). For more discussion on the exchange, here is the [KuCoin exchange subreddit](https://www.reddit.com/r/kucoin/).\n\nIn my opinion, crypto exchanges are competing in a massive land grab for volume. And how do you get volume? **Users!** Growth is the name of the game! To attract and keep new users on the exchange, KuCoin came up with KCS. Here is the infographic to explain KCS:\n![KuCoin Invitation Bonus Infographic](https://steemitimages.com/DQmSvqsfbXvScQdSRq59zC1cZyV977UEE7YJ6Sr2S2WjxcX/invitation_bonus_en.jpg)\n\nEssentially, 50% of fees go to KCS owners and 40% of fees go to users who successfully refer new users to the platform. The remaining 10% KuCoin keeps. Make sense?\n\nAs of 29/12/2017, the current 24hr trading volume of KuCoin is approximately $67,000,000 (source: [coinmarketcap.com](https://coinmarketcap.com/exchanges/kucoin/)). KuCoin charges a 0.1% fee from each cryptocurrency being exchanged during a transaction. There are 100,000,000 KCS in circulation.\n\nSo what's the payout per KCS? Let's do the math!\n\nTotal fees collected = $67,000,000 * 0.2% = $134,000\nTotal shares payout = $134,000 * 50% = $67,000\nPayout / # KCS = $67,000 / 100,000,000 = $0.00067\n\nYou're probably thinking - *Wow that's terrible! Why am I wasting my time reading this?*\n\nWhere KCS gets interesting is that this payout happens daily at 7:00pm EST. To get a real sense of the value of KCS, let's calculate the annual yield at today's current price of $3.14 per share (source 29/12/2017: [KCS/BTC](https://www.kucoin.com/#/trade.pro/KCS-BTC)).\n\nAnnual payout / # KCS = $0.00067 * 365 = $0.24455\nAnnual yield = $0.24455 / $2.99 = 0.081789 = 8.18%\n\n### Hey that's not half bad! Something about supporting me. Use my referral link blah blah blah...\n\n## And this is where most articles about KuCoin and KCS end.\n\n### Instead, let's keep digging and find out why  KCS might not be a great investment.\n\nIn no particular order, here are some concerns.\n\n* **Volatile Volume**: one assumption we made in calculating the annual return rate of KCS is that the 24hr volume is representative of the annual daily volume average. As an example of why this is a concern, the 24hr daily volume of KuCoin dipped to approximately $35 million the day after writing the above (source: [coinmarketcap.com](https://coinmarketcap.com/exchanges/kucoin/)). That's a 48% dip in volume and thus and 48% dip in payout. Essentially investing in KCS is a bet that KuCoin will maintain or grow in volume from the level bought in at. *If anyone can find historical volume data on KuCoin please comment a link below.*\n* **Exchange Minimums**: the KCS bonus is paid in the actual coins the fees are collected from. This leads to the payout coming in tiny amounts in a bunch of different coins. Unfortunately these amounts are so small that they can't be liquidated until a minimum amount is accrued. For example, let's say an investor buys 100 KCS today at $3.65 per share. DeepBrain Chain (DBC) is the most popular coin trading by volume today at $13.3 million which accounts for 22% of 24hr volume. Such an investor should expect 0.048778 DBC in payout for the day. Unfortunately this amount is below the 1.0 DBC trading minimum so this investor would have to wait at least 21 days before accruing enough DBC to liquidate and realize this return. 21 days isn't too long but this is for DBC which accounts for 22% of volume. The time to accrue the minimum for less popular coins only grows from there.\n* **Changing KCS Bonus**: The KCS bonus remains fixed at 50% for 6 months. This period will end in the beginning of March 2018 (see [reddit comment from team](https://www.reddit.com/r/kucoin/comments/7dm6s5/new_to_kucoin_check_this_out_faq/dpzoypj/)). What will happen after this period? No one knows but this makes calculating an expected return after the locked period impossible. And such a critical unknown doesn't make an investor sleep easy at night.\n\n### This is not an exhaustive list but a good starting point. Do you have any pros or cons for KuCoin or KuCoin Shares that I missed? Got other thoughts? Leave a comment below and let me know what you think.\n\n#### And if you do want to support me as a broke college student, here's my KuCoin referral link :) https://www.kucoin.com/#/?r=1cxK8",
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