1. When will the KuCoin bonus be distributed?
The KuCoin bonus amount is calculated based on the amount of asset held at 00:00 on a daily basis and the trading fee of KuCoin Shares (KCS) at the current hour, which is normally distributed at 02:00 (UTC + 8) every day. Usually, all users get their bonus within 24 hours.
The bonus will be distributed every day and arrived to the user's main account after you click saving from the relative interface.
2．Why didn't I get the KuCoin bonus?
a. We have upgraded the KCS bonus system and so users will be unable to get their payout daily if they haven't bound Google 2FA. If you have this issue, please go ahead and bind your Google 2FA first.
b. You need to hold at least 6 KCS to obtain the bonus and keep them for more than 24 hours.
c. We will make a unified payment to users for KCS bonus, so please rest assured and wait for the bonus to arrive in your KuCoin account.
3. How is the KuCoin bonus calculated?
a. The daily dividend received by the users is not a fixed number, as the more KCS you hold, the more profits you will receive.
b. KuCoin is starting to upgrade the KuCoin Bonus scheduled for July 10th, 2018. To accomplish this, we will use 50% of all trading fees earned by KuCoin to buy KCS from the market and then redistribute to the userbase on the new KuCoin Bonus Program by replacing the old one. Furthermore, all KuCoin Bonuses moving forward will be given to users in KCS instead of other cryptocurrencies traded on the exchange, which was the result voted for by users who completed the survey before the official release. We believe this will simplify our KuCoin Bonus system and fit better with our user's expectations.
c. Let's make a simple example to further elaborate the update.
KuCoin user Bob holds 10000 KCS in his KuCoin account. Let’s say that in October, the average volume of our entire exchange per day is 10000 BTC, and according to our current fee rate, the trading fee we collected per day is 20 BTC. Bob will get a bonus of 20 * 50% * (10000/100000000) = 0.001 BTC per day, 0.001 BTC will be converted to KCS and released to his account.
d. The KuCoin bonus amount is calculated based on the amount of asset held at 0:00 on a daily basis and the trading fee of KuCoin Shares(KCS) at the current hour. If the calculated amount is less than 0.00000001, the KuCoin bonus amount will be neglected.