Can kucoin explain this math?
I’ve asked this on this forum a number of times before. I’m asking again.
1/ Is the KCS bonus paid at 50% of trading fees?
If not, can Kucoin please explain the % payable based on volume?
If Kucoin ARE (allegedly) paying 50% can they please explain this logical fallacy? (see below)
Given that Kucoin are currently burning KCS weekly at the same rate as they are distributing in bonus, can they please answer question 1? (50%+50%=100% and this doesn’t even account for affiliate/referal income LET ALONE profit)
Yes, KuCoin use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute to the users for the KuCoin Bonus Program.
For clarifications, you may refer to this post [“KuCoin’s Response to Trading Volume/KuCoin Bonus Feedback”](https://www.reddit.com/r/kucoin/comments/c7b4qt/kucoins_response_to_trading_volumekucoin_bonus/) and to this [response](https://www.reddit.com/r/kucoin/comments/ch36hi/looking_for_an_answer/) from Kent Li, co-founder and VP at KuCoin.
A huge chunk of Kucoin’s volume is coming from the Market Maker incentive. Fees generated by Market Makers do not contribute to the KCS bonus (actually it takes from it, as the fee **rebate** for these individuals can be up to 0.018%).
The volume Kucoin uses to pay the Bonus is actually quite low, which is why we’re not seeing big pay outs. This paints the picture that there really aren’t many average retail investors trading on Kucoin (this might be the case across every exchange right now. Alt season certainly *is not here yet*.)
Stay tuned for their updated KCS Bonus program announced by end of Q3. Whatever they decide to do will make or break KCS for me. If we KCS holders don’t get a cut of the extra volume from the Market Makers, I’m selling my stash. The payout is pretty pathetic if left as is, and I think there are better opportunities elsewhere in crypto.
That being said, investing in exchanges is probably one of the best strategies you can follow. Ignore finding the best project — make money off people buying/selling any shitcoin out there. It’s why I like Kucoin, but not if their Bonus plan is rubbish.
Agreed , kcs will be a big buy for me if they continue to payout based on actual trade volume.
If they reduce or get rid of the kcs bonus , kcs will be an automatic sell.
Hi, there’s a similar question before, please take a look: [https://www.reddit.com/r/kucoin/comments/ch36hi/looking_for_an_answer/](https://www.reddit.com/r/kucoin/comments/ch36hi/looking_for_an_answer/)