KuCoin Shares KCS to Mithril MITH Exchange

Crypto Pair Details: KCS to MITH

KuCoin Shares KCS

KuCoin is an international cryptocurrency exchange based out of Hong Kong that currently supports the trading of 210 digital assets. What’s unique about KuCoin is that they share 50% of their overall trading fee revenue with users holding their exchange-based token. In a similar fashion to Binance, KuCoin offers relatively low tradings fees and incentives for holding (or trading) its native cryptocurrency. Back in 2011, the founders started researching blockchain tech and went further to build the technical architecture for KuCoin in 2013. 4 years later, the exchange launched with the ultimate goal of “becoming one of the top 10 worldwide hottest exchange platform[s]” by 2019. As stated on their official website which lists 12 core members, “Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform”. CEO and founder, Michael Gam, is a former technical expert at Ant Financial, an affiliate company of the Chinese Alibaba Group. He was also a senior partner at Internet giants like MikeCRM and KF5.COM. OO, Eric Don, is referred to as a “senior Internet researcher, systems architect, and Internet industry star”. He is also stated to be the CTO and senior partner of IT companies including YOULIN.COM, KITEME, and REINOT. However, it’s unclear if these websites actually exist as they did not show in a Google search or when entering the website domains. According to his LinkedIn, he is currently CTO at Youlin Network Technologies, yet there is no mention of KITEME or REINOT. With its growing user base and increasing number of cryptocurrencies being offered, KuCoin may be set up for a strong run in the markets. KuCoin Shares volume is expected to grow as the daily trading volume on KuCoin, hence, trading fees collection grows & thus, the size of dividend payout grows. This can lure investors to hold KCS token which may even increase its value. KuCoin faces stiff competition from OKEx, but it expects to continue to grow its community exponentially as it is being projected to be one among the top 5 exchanges in the world.

Mithril MITH

Mithril is a decentralized ecosystem on the ethereum blockchain. It is a system that rewards users who engage in “social mining”. Mithril rewards users for the impact their content may have in viewers and the popularity it attracts, such as number of likes and views. In the blockchain network and cryptocurrency, Mithril is a very innovative idea that aims to change the way we think about social media entirely. This particular innovation will decentralize and reward social media content creators in a fair and open way.The process of building a social media platform from the scratch is a long, rigorous and exhausting one. Even though blockchain based social media platforms are not new innovations, they usually cannot interact with existing platforms. The Mithril integration protocol permits MITH mining on all social media networks. Therefore, Mithril can also leverage existing sites for their own purposes. In addition, it permits content influencers to make use of their pre-existing followers network to mine Mithril. This acts as a big plus to the Mithril ecosystem. It requires less stress and work than establishing followers on an entirely new platform. It also helps Mithril to have an edge and a bigger pool of users. This means that, content providers only need to start making use of the Mithril integration protocol in order to make more money. Instead of an ICO, Mithril held a private crowdsale where 400,000,000 MITH was distributed and 50,000,000 was retained by the Mithril team for development and marketing. Mithril MITH tokens are mined by participating on partner applications and this social mining is a gamechanger. Creating and sharing content earns Mithril MITH, which can then be spent with partner applications. Because mythril is a crafting ingredient in the Final Fantasy video game series, online searches for how to spend MITH have these pages mixed in, which will likely continue for several years until the platform gains enough big-name retail spending partners to rise up SEO rankings. MITH is currently available on Bithumb and OKEx, but more exchanges will likely list the token soon. Although exchanges are never the best place to store your cryptocurrencies due to security concerns, this is one possibility. Better would be to store them using an ERC-20 wallet that allows you to add custom tokens, such as MyEtherWallet, MyCrypto, or Coinfy. Although the Mithril platform and its flagship social network Lit are still in fairly early development, as an early mover, they are poised to be a leader in the decentralized social networking space. If Mithril gets its way, centralized social networking companies may soon have worthy competitors that offer users more control of their data while rewarding people for creating the content that is ultimately the life-blood of all social networks.

SOURCE: COINGECKO

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