Image by Stefen Keller from Pixabay
With this bear cycle, I am having a few difficult days. Some nights I stay up late reading Ray Bradbury to travel to other worlds, clear my mind a bit and forget for a while about my own and other people's portfolios.
I was up late last night trying to figure out a piece of code on GitHub when a wonderful thing happened.
Suddenly, a KCS came off the screen and spoke to me!
I cannot express in words the magic of that moment. His metallic-robotic voice made me jump, and I thought that he had transported me to an unknown dimension. The Twilight zone.
The first thing I managed to do was run away terrified. But suddenly I said to myself, what can go wrong? What would I have feared? Fear of a utility token from an exchange? I couldn't have any more beer with friends if I ran away.
So I faced it.
- Are you a real KCS?
- Every KCS is true.
Imagine the situation, me in the middle of who knows what space-time coordinate of the Metaverse, talking to a utility token from an exchange.
- Oh yeah, I know that, I've been buying KCS on KuCoin for a long time.
- You didn't buy me, I'm not in your UID.
- I see, if not, you wouldn't be walking around so calmly
- I was saved from the burning today, and I went out to breathe some fresh air
- Hahaha, 200 million were programmed and there will only be 100 million left, right?
- That's how it is. Those of us who remain enjoy life very much. In any case, the KCS is not just any utility token. We were programmed as assassins and that is how we behave. We are an élite commando among exchange utility tokens. We have professional combat training and practice like no other.
- Wow!
- We are proudly considered the best way to earn passive income with our daily bonus.
- I know it well, it's the first thing I do in the morning, to put the day's interest in my wallet.
- So you have more than 6 KCS.
- Many more, I told you that I have been buying for a long time.
- So you know that users who have more than 6 KCS get a daily dividend that comes from 50% of the exchange's daily trading fee revenue. The KCS bonus is a unique mechanism that encourages the use of the exchange and rewards its fans. The amount of daily rewards that KCS holders can get directly depends on the KuCoin trading volume of that day.
I was thinking for a while. Cryptocurrency exchange tokens serve a variety of important functions for the platforms they operate on. On the one hand, they can increase liquidity and trading activity. Native exchange tokens can be used to incentivize liquidity with rewards for users who trade the most or stake their tokens. But, in addition, they can be used to obtain discounts on trading fees. And as if that were not enough, they can also serve as a tool in the governance mechanisms of the exchange. That is, exchange tokens are very important assets of the crypto ecosystem. I checked on CoinGecko the top exchange tokens with their market cap position: BNB (5), CRO (19), LEO (20), FTT (22), OKB (27), UNI (33), KCS (48), and CAKE (51).
Beyond the differences between the platforms that support these tokens, they all offer rewards based on coin staking. But the KCS business model seems perfect to me because it directly incentivizes the activity that takes place on the exchange. The more you trade on the exchange, the more profit you will receive from holding KCS. This is a great encouragement so that the next time you have to trade a coin, you will do it in KuCoin.
- I understand that you are no longer an ERC-20, right?
- We were born as ERC-20 in 2017 but migrated to KCC in 2021. We are the native currency of KCC (KuCoin Community Chain). KCC is the blockchain developed by the core members of the KCS and KuCoin communities. KCC started a new stage in the development of the KCS ecosystem, entering the universe of decentralization. When we launched KCC, we experienced the vertigo of growing 100% in a month. Considering that KuCoin is among the top exchanges in the world and its growth is constant, we are thinking big, my friend. We have over 600 coins listed, far more than any other exchange, and trading volume is steadily growing every quarter. We offer over 1,000 trading pairs and support 51 fiat currencies. As of January 2022, KuCoin already had tens of millions of registered users, with a cumulative volume of hundreds of billions in US dollar terms.
- I'm a KCC fan, I'm full in the Telegram Group. I even have the Lomen #340 treasured
- I love to hear that! Congratulations! At the moment, KCC is a low-cost, fully EVM-compliant blockchain. You can use your KCSs as gas in the KCC. We are very excited about this project and believe that it will soon become one of the most important ecosystems in the cryptosphere. KCC is our big bet on decentralization. Greater decentralization means that you, the users, are going to have more and more participation in the decisions of the ecosystem. KCC is built on Ethereum source code and is fully compatible with EVM smart contracts. KCC 1.0 was officially released on June 16, 2021. We already have KCC 2.0 and KCC 3.0 on the roadmap. There are already dozens of projects running on top of the KCC, including decentralized exchanges, wallets, NFTs, and DAOs. The TVL among all projects in the KCC ecosystem is in the tens of millions. The number of addresses that KCS hosts are in the tens of thousands. There are millions of fans in more than 100 countries and regions.
- I think KCC is going to be one of the biggest blockchains in the near future and KCS is going to be the next BNB
- I would tell you that few people doubt that
- And do you see yourself going back to the December 2021 ATH when a KCS was trading at $28?
- Why not? Two years ago the price of a KCS was $0.9, and today is about $15. Do you know many coins that in two years have multiplied by 15? We are the "People's exchange" and we are going to be the "People's coin".
From the beginning of the talk, I noticed this KCS cold, ethereal, elusive, and unfriendly, but I did not think that he would also be aggressive. Suddenly he told me:
- Is it possible that all the humans I dealt with are so stupid? The only thing that interests them is the future price that we are going to have? Can't you think of something a little more clever?
- Like what? I asked a bit dazed
- For example, did you use your KCS to participate in KuCoin Spotlight?
- No, I answered with some fear
- Well look, KCS hodlers can participate in the initial token sale of a new project on Spotlight. You know that KuCoin is the exchange that cares most about new projects and that since its inception, the vision has been to give rise to projects that other places reject. In Spotlight, we present the new projects and you can participate with your KCS in the early investment of promising projects, obtaining great benefits. The ROI of the projects we have listed is very high compared to the average.
This was very new to me because I am not the type of investor who bets on high-risk projects.
But I still felt hurt by the previous aggression.
- What other “smart” project did I miss? I told him, this time, being the aggressive one
- There is so much to do with KCS that I don't know what you know and what you don't know. In this, I can assure you that we outperform all our fellow coins from other exchanges. For example, did you go shopping with KCS?
- Yesiiiiii. I made a reservation for my next trip using KCS on Travala, the travel and hotel booking platform powered by blockchain technology.
- Very good! You can also buy monsters in Splinterland with KCS, clothes in various stores, play and bet on various games, and operate some finance sites that offer loans. Great growth is coming. Did you read the KCS White Paper we released in March 2022?
- I did read it and I'm still reading it. KuCoin's goal of becoming a massive exchange is very clear. Now you talk about the "People's Ecosystem", no longer about the "People's Exchange". I love that.
- Yes, it is a subtlety, but based on a very clear vision. Our main concern is based on the fact that there are big problems to be solved today, while we continue to develop the tools that will make life easier for humanity in the future thanks to blockchain technology. Still, 90% of humanity has no contact with cryptocurrencies, and that can create a huge gap that can be very difficult to solve, while developments towards a fully decentralized system continue. We could say that there is still a big disconnect between the crypto world and the traditional world. That's why the founding fathers are working to develop an entire ecosystem based on the strengths of KCS.
- Yes, it's clear to me. We are now talking about the “KCS Ecosystem” and about a “collaboration” with KuCoin Exchange. This is a sign of evolution, considering that we, the KCS hodlers, have been largely responsible for the enormous growth of KuCoin while being richly rewarded with the daily bonus, the reduction of fees, the participation benefits and new releases, and the like.
- But the biggest bet of the KCS ecosystem is related to total immersion in the Web 3.0 universe. We firmly believe that the Internet of the future has to be created by users, it has to be owned by users, it has to be controlled by users, and it has to be made up of distributed protocols. We will create and capitalize on a Web 3.0 Incubation Fund and the KCS-Web 3.0 community, to jointly explore the Web 3.0 universe with KCS hodlers.
- Is that why the slogan “From Geeks to mass adoption”?
- Exact. We can't think of anything better to make clear what our plans are. The general vision is to make KCS a blockchain-based value self-circulation Ecosystem, as the White Paper clearly states.
- Well, Mister KCS, dear friend, I have to go back to work, the meeting was very pleasant and it was very fun to talk directly with you. I don't think anyone can believe it, but I still plan to leave a written document about this meeting on my social networks
- Goodbye human, to a certain extent, we depend on you, and you are so unpredictable! I hope you don't keep making mistakes and think more long-term. A bright future awaits us. We are the revolution. Good weekend.
And there went the KCS. It may be that I have become the first human being to talk to a cryptocurrency and, even more so, to receive advice from it. That's how unpredictable the cryptosphere is.
Like human beings.
It seemed to me that when he walked away, he was whistling a familiar tune, I think it was "Fly Me to the moon".
Conclusion
Was all this a dream? Was it a dream within another dream? Was it the influence of Ray Bradbury's The Martian Chronicles?
In any case, I didn't need such an encounter to know that it's not a good idea to sell my KCS. Quite the contrary. I keep buying to hodle it and receive the daily bonus, and to use it in some trading bot’s pairs, which is the application that I enjoy the most in KuCoin. With the future that radiates from this dynamic community in all its social networks, everything seems to indicate that it is better to be inside than outside.
YouTube (highly recommended, the videos are instructive and a lot of fun)
Telegram https://t.me/Kucoin_News
It seems difficult to me that at this stage of the game you don't have a KuCoin account, but if so, I'll leave you here my referral link so you can try it. (If you want to do it manually, the code is rJE8S2S).
KuCoin supports more than 20 payment methods, through Simplex, Banxa, SEPA, and also OTC for large trading operations that could distort the markets. You can pay for your cryptos with Visa, Mastercard, and through bank transfers.
In KuCoin you can do spot trading, margin trading, futures, loans, and my favorite, the trading bot that already supports 5 different strategies that are Spot Grid, Futures Grid, DCA, Infinity Grid, and Smart Rebalance. (I have learned a lot with these robots, although I must admit that a lot of work could be done on the tutorials to make them more accessible to the general public).
The KCS ecosystem is getting addictive and as the KCS I came across said, these cryptocurrencies seem trained in very winning and competitive élite tactics and strategies. The sustained growth of KuCoin and KCC will undoubtedly cause an increase in demand for KCS, with the consequent increase in its price in the medium term, given the burning policy adopted by the exchange.
When you are a strategic investor, you are forced to see things from a perspective. Let's look at KCS from a perspective. Centralized exchanges like KuCoin are showing a resurgence as the DeFi craze continues unabated. In centralized exchanges, you can get many coins with low trading costs. The more exchanges are used for trading, the more tokens like KCS are going to grow in value. The overheating of the battle between exchanges is lived day by day.
All this is just beginning and we are all early birds enjoying the revolution every day.
Image by WikiImages from Pixabay
As usual, none of the things written in this post are financial advice and are not intended to replace personal research. My sole intention in writing this post is informative. Several of the things discussed here could be wrong, so in no way can this post be construed as financial advice, and in no way should it replace your own research.
Thank you for reading!
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