How can the flaws in KuCoin Shares be addressed to improve the overall performance of the cryptocurrency?

3 answers

• Dec 30, 2021 · 3 years ago
  One potential flaw in KuCoin Shares is the lack of transparency in the token distribution process. To address this, the team behind KuCoin Shares could provide more detailed information about the token allocation and distribution, ensuring that it is fair and equitable. Additionally, implementing regular audits and publishing the results publicly can help build trust among investors and the crypto community. By addressing this flaw, KuCoin Shares can improve its overall performance by attracting more investors and increasing confidence in the project.
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• Dec 30, 2021 · 3 years ago
  Another flaw in KuCoin Shares is the limited utility of the token. Currently, it mainly serves as a means to receive dividends from the exchange's profits. To improve the overall performance of the cryptocurrency, KuCoin Shares could explore additional use cases for the token. For example, they could introduce a staking mechanism where token holders can participate in the platform's governance or earn additional rewards. By increasing the utility of KuCoin Shares, the demand for the token may increase, leading to improved performance.
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• Dec 30, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that one of the flaws in KuCoin Shares is the lack of a clear roadmap and communication strategy. To address this, KuCoin Shares should provide regular updates on their progress, future plans, and any potential challenges they are facing. This will help investors and the community understand the direction of the project and make informed decisions. Additionally, improving communication channels, such as a dedicated community forum or regular AMA sessions, can foster a sense of community and engagement, ultimately improving the overall performance of the cryptocurrency.
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