Most of us have received their first payout from Publish0x directly to KuCoin this week. From now on, you can withdraw your $ETH and $AMPL earnings from Publish0x directly to KuCoin every Monday.
The question is what are you going to do with your Ethereum and your AMPL on KuCoin? Well, I don´t know about you but let me tell you what I am going to do.
$AMPL to $KCS
The first thing I have done on KuCoin was trading my $AMPL for some $KCS which is KuCoin´s native token, originally called Kucoin Shares. Recently it was rebranded to KuCoin Token but the ticker remains the same.
At the beginning of 2021, the KuCoin Token rose from a low of $0.66 to a high of $6.95. In addition, KuCoin also announced that “Empowering $KCS” will be one of the key priorities in 2021 and beyond, which also boosted the price of $KCS.
I believe that $KCS, currently located on market cap rank #132, has the potential to be a low market cap gem itself. Exchange tokens like $KCS had been underestimated for a long time but if Binance Coin has thought us one lesson, then i´s the lesson that we shouldn´t underestimate exchange tokens with their huge variety of use-cases.
KuCoin offers relatively low tradings fees and incentives for holding or trading its native token. The unique feature of $KCS is that KuCoin shares 50% of the overall trading fee revenue with its users holding $KCS. In order to receive the daily bonus payment, you need to hold at least 6 $KCS on the exchange. The bonus will be distributed to your wallet after hitting the claim button.
Sooner or later, as the KuCoin decentralized trading solution goes live, $KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.
Ethereum to ETH 2.0
Another cool service that KuCoin offers is Ethereum 2.0 staking. KuCoin introduced Ethereum 2.0 staking in December 2020, providing users with a minimum-threshold opportunity to participate in the ETH2.0 upgrade and resolve the ETH2.0 liquidity dilemma. So I used my Ethereum for Ethereum 2.0 staking on KuCoin.
KuCoin users can deposit or transfer their Ethereum to their Pool-X account to exchange it into ETH-anchored ETH 2.0 tokens at a ratio of 1:1. After doing so, you will automatically receive ETH 2.0 staking rewards and POL mining rewards.
My Final Words
So the first thing I´ve done was acquiring some $KCS, then I´ve started staking ETH 2.0. These were my two top priorities. The good thing is that you can withdraw to KuCoin every Monday. I will use my future payouts from Publish0x also to hunt low market gems on KuCoin. KuCoin is actually a great place to hunt them. How this works, I described in one of my earlier posts that you can still check out here.
I hope that sharing my thoughts in this post will help you to make your decision if you want to withdraw your $AMPL and/or your $ETH from Publish0x to KuCoin, and what you are going to do with your funds.
If you haven´t signed up for a KuCoin account yet, you can support me by using my invitation link (invitation code: 21vPud5). Your support is very much appreciated!
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