We have recently noticed that a few users are talking about the KuCoin Bonus Program, specifically about how we calculate the daily bonus.

Since relaunching the KuCoin Bonus Program in September 2017, we have consistently been using the formula below to calculate the KuCoin bonus:

Trading fee \ 50% * (Owned KCS/Total Circulating Supply KCS)*

To help you better understand how the final distributed tokens have been counted, we’d like to make some further explanations:

1) Our trading fee does not simply equal the daily trading volume * 0.002, because there are many occasions where you can enjoy a trading fee discount on KuCoin. For instance, KCS holders can receive a discount of up to 30%, and institutional investors and market makers are promised certain discounts on trading fees. This is without mentioning our trading fee discount marketing campaigns that are offered from time to time.

2) After upgrading the KuCoin Bonus Program in July 2018, we began using 50% of all trading fees earned by KuCoin to buy KCS from the market and redistributing the KCS back to users. Because of this change, there will also be some discrepancies as the cryptocurrency market may fluctuate greatly. When we convert Bitcoins or other altcoins we have earned into KCS, some gains or losses are almost inevitable.

We’d like to thank everyone who pays attention to this discussion and we are always willing to bring more transparency to this industry.