The development of the stock market began in 2011, most of which was completed in 2013, but the team wanted to take some time to remedy minor shortcomings. KuCoin was only launched in September 2017. The exchange is supported by companies such as GF Securities, Ant Financial, Jianbang Communication, Youling and iBOX Pay.
pros and cons
The crypto currency is not suitable as a digital means of payment. Its sole purpose is to be held for trading on the stock exchange of the same name. As useful as it may be for Exchange users, there are no real application areas for the coin outside the Exchange.
Ethereum Code is not suitable
KuCoin Shares could still pay off in the event that the stock market continues to gain momentum and attract more users. If you often want to use the stock exchange or simply want to earn a passive income by holding the token in your wallet, you might be interested in Ethereum Code buying it. So far it looks good for the stock market and since the team wants to deflate the coin until a fixed amount is reached, the forecast should look good and the token could possibly continue to gain in value.
KuCoin Shares Price – Development – Forecast
The price remained quiet at the start in November 2017 and fluctuated around 40 cents. Only in December the course went uphill. By the end of 2017, the token had reached a value of €3 per token.
In 2018 the KuCoin Shares course reached new heights. Within a week, the value of the token increases fivefold. On January 10, 2018, the token was quoted at 16 €. Then the hype about the crypto currencies subsided and for the rest of the month things continued to go downhill. On January 31, the token was worth only 6 euros. From then on, the price fell further and stabilised around €2.
What prognosis can be inferred from this? The token is still very young. A month after it could be traded, the stock markets were gripped by a general euphoria that also carried the KCS token with it. The price increase around December/January is therefore not due to the quality of the token. The same applies to the descent afterwards. However, it can be seen from the development that the KCS token is still better positioned than in the previous year despite the price losses.
KuCoin Shares Price
The token is an ERC20 token based on Ethereum. All wallets that can hold tokens based on Ethereum are thus suitable as KuCoin Shares Wallets. MyEtherWallet is one of these wallets and can be installed simply by selecting “Create New Wallet” on their website. Then it’s a matter of downloading a keystore file and keeping it safe, as well as the private key. Both should activate the MyEther Wallet.
Where can I buy the KuCoin Shares Token?
The only place to buy KuCoin shares so far is its crypto exchange. The token cannot be bought with dollars or euros, instead it must be exchanged for bitcoin, ether or tether.
The crypto currency offers a passive income and an incentive to make extensive use of the KuCoin shares exchange. Its developers have ambitious plans and firmly believe that the stock market will continue to grow.