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Hot take: It's an unregulated share of the company. Kucoin collects fees. Holders of Kucoin "shares" get 15% of the fees paid back in crypto (monthly?). I bel
by atwebb 9y ago
Hot take: It's an unregulated share of the company.
Kucoin collects fees.
Holders of Kucoin "shares" get 15% of the fees paid back in crypto (monthly?). I believe Cryptopia and other exchanges did something similar.
- joekrill 9y agoWait, so it's just buying shares in the company Kucoin itself? Which itself is just a bitcoin exchange? By trading on Kucoin you are investing in Kucoin? I don't see how this is anything like buying stocks in real company. It almost sounds like a multi-level marketing scheme.