How investing in shares/custom tokens of popular exchanges could result in growth of asset value as the exchanges mature and increase their user base & volume When everyone is trying to understand what’s a Blockchain, what’s a Bitcoin, Ethereum, Ripple and suddenly the new ones like IOTA, Cardano — there’s a hidden gem that’s sitting there which could be a better investment. Exchange Specific Tokens — Coins or Custom tokens by Exchanges which serve the purpose of saving transaction fees. We’ll call them as ESTs :) This is an observation & knowledge gathered from few other educational sources and not an investment advice. Growth of Binance Very young cryptocurrency trading platform called , which started just few months ago has now claimed it’s top slot as the world’s largest crypto exchange by 24hr volume. It’s all because of astounding marketing, new kind of business model and aggressive coin listings. now features a lot of coins which has greater potential in terms of project capability and not listed anywhere on Bittrex, Poloniex. This gives a great advantage. Binance Binance Binance The content of this blog is not intended as investment advice. it’s just a _how to tutorial. S_howing my portfolio and using examples, purely as a record of what I have done and does not constitute advice on whether a currency should be bought or sold. Along with this, another crucial advantage of is having it’s own coin called BNB — which is solely used to pay transaction fees on each trade. Binance Trading fees & BNB Trading fees is painful but cannot be avoided! But what if trading platform incentivizes people to use a instead of your alt-coin & give a 50% discount on fees when you use this That’s for you. custom token custom token. BNB Given this advantage, people have been buying BNB tokens to avoid half of their transaction fee — which according to supply demand economics has taken BNB’s price 50x since it’s release. So if you are a smart investor — buying just this BNB and just holding it would also appreciate your assets as the volume of trading grows on the platform. Since has already proven with it’s marketing strategies and growth vector from it’s inception — I think it would work out well. Binance Steps up the game Kucoin Now another exchange which came up with very cool interface and very usable experience, takes this a step further with their own token, . charges a 0.1% fee from every trade, both from the maker and taker, which comes up to 0.2% fee’s per trade(someone sells and someone buys). Kucoin , KCS — Kucoin Shares Kucoin Big bang offer from KuCoin is that they pay 50% of this fee (0.1% per trade) to KCS holders! This shows a back of the envelope calculations for investing $10,000. BNB token from Binance shows the supply demand characteristics of such custom tokens and also the volumetric increase on exchange will also lead to increase in your dividends and thus the holding assets’ value. article Kucoin How to Buy KCS — Shares Kucoin Register on Coinbase, buy Ethereum (or bitcoin — but transaction fees would be high and transfer time is much more compared to Ethereum). Transfer your Ethereum to your ETH deposit address on Exchange. KuCoin click on deposit to see your ethereum address and send from coinbase to that address 3. Select KCS/ETH pair to view the KCS/ETH trading view 4. On the trading view of KCS/ETH pair, at bottom right hand corner, you will see the buy and sell boxes, where you can select the price at which you want to buy, enter the amount of KCS you want to buy and click on Buy Once you click on Buy, your order will be placed. This is a limit order, so whenever your specified price is hit, it will buy KCS and you can see them in your balances. Numbers and Amounts used in this article are for educational purposes, I do not specify the amount you should be investing. It’s your own decision. Given the volatile nature of cryptocurrency space, you can only be investing what you can lose. The content of this blog is not intended as . it’s just a _how to tutorial. S_howing my portfolio and using examples, purely as a record of what I have done and does not constitute advice on whether a currency should be bought or sold. You should always do your own research , make your own decisions and be comfortable with the risks before making an investment. Investing in volatile cryptocurrencies involves an element of risk: prices of these currencies go up and down, (often in a manner that seems irrational). investment advice (DYOR) (MYOD)

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Forget referrals on Binance & Kucoin, Check out these paycheck coins: BNB, KCS

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Vamshi Vangapally

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Forget referrals on Binance & Kucoin, Check out these paycheck coins: BNB, KCS

Too Long; Didn't Read

Vamshi Vangapally

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

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