"KuCoin will buy back KCS each quarter. It will buy back tokens using the 10% of profits collected from transaction fees. Buybacks will continue until 100 million KCS have been destroyed."
when the buy back will be done?
when the buy back will be done?
I am really not sure they are making any profit at all.
Giving away too many things also paying %50 of the fees with kcs plus there is a %40 invite bonus too.
I think they are making a long term investment for themselves and not earning anything right now. Maybe they can buy back 1000 ok kcs or something
The invite bonus event got cancelled back in 12.01.2018, because of the massive influx of new registrations.
Also Kucoin stated that the 50% dividends fee will stay active until March. After that, they will slowly decrease it based on the exchange total volumes, but it will never drop below 15%.
Is still a very potential investment.