That depends on the daily volume of the exchange and the current KuCoins Shares price. So your daily bonus might vary quite a bit. I don’t think there is a definitve answer to your question.
But if I would have to guesstimate, I would say you currently need around 50 k KCS to receive 1 KCS daily.
stockstar1138on 14. July 2018 at 15:38
It obviously will flucuate with the volume and price of KCS, but if you want an estimate at this point in time:
48,000,000 (exchange vol) x .001 (fee/trade) x 2 (two sides to every trade) x .5 (half of fees spent on KCS distribution) = 48,000 spent daily on KCS buybacks.
$48,000/90,730,576 (KCS Outstanding) = $.000529 (amount each coin is entitled to daily).
The daily dividend received by the users is not a fixed number, the more kcs you hold the more profit you will receive.
To know more about, Please see this link as your reference: https://support.kucoin.com/hc/en-us/articles/360000472114-About-KuCoin-bonus
That depends on the daily volume of the exchange and the current KuCoins Shares price. So your daily bonus might vary quite a bit. I don’t think there is a definitve answer to your question.
But if I would have to guesstimate, I would say you currently need around 50 k KCS to receive 1 KCS daily.
It obviously will flucuate with the volume and price of KCS, but if you want an estimate at this point in time:
48,000,000 (exchange vol) x .001 (fee/trade) x 2 (two sides to every trade) x .5 (half of fees spent on KCS distribution) = 48,000 spent daily on KCS buybacks.
$48,000/90,730,576 (KCS Outstanding) = $.000529 (amount each coin is entitled to daily).
$3.22 (current KCS price)/.000529 = 6086.51 shares.
Thanks everyone for your help!
I would think you have to know how much profit kucoin makes. I do like the response that said 7500:1. 50,000:1 was way too high.