As long as you store your KCS on an exchange where it shares profits with users you can use them for other purposes too including holding bets on e-sports matches through the KuCoin Sports platform and enabling you to become eligible for invitation bonuses through the KuMEX exchange's investment pool.
To receive your share of trading fees you will need to move your KCS into KuCoin's platform-specific. The amount that is shared with you depends on how many KCS you hold and can range from around 0% right up to 50%. Here's an example cost breakdown for buying one NEO GAS token (GAS) using USDT (Tether Token): As seen in the table above, 10% of this transaction was taken by KuCoin as a fee, but thanks to holding KCS this was split between you and the other users on the exchange.
KuCoin offers a large portfolio of cryptocurrencies in high demand, with some excellent growth potential. So you can receive invitations to purchase KuCoins cryptocurrency assets that will then go up in value, which is great for trading opportunities and even better when it comes to getting your money back since such assets are often sold through the platform by KuCoin themselves meaning they want to move them on quickly themselves. The way you become eligible for such deals is when you hold enough KCS tokens in account so when an invitation event appears on their site you can be chosen as part of the lucky prize draw.
The longer you hold your KCS tokens in your account, the more points you will earn for taking part in promotions and other activities on KuCoin exchange, which can then eventually boost you up the list of users selected to participate in invitation events. The number of invitations earned are determined by how long you've held your coins for, with those having held them the longest getting the first dibs. Points are earned at a rate that increases as time goes on too, meaning holding becomes even more worthwhile.
You don't necessarily need to be online when an event happens either because all offered coin deals are done through direct notifications sent out directly to eligible customers rather than being dependent on whether or not they logged into the exchange at that time.
Aside from being eligible for invitations to purchase new coins on the KuCoin platform, holding your KCS in your account will also allow you more privileges when it comes to withdrawing funds from KuCoin too. In addition, you can get a 35% discount on trading fees if you choose to pay them using KCS tokens rather than USDT or BTC too. You can even use them as collateral for margin trades, which gives you an additional 20% fee discount off of standard rates! Finally, users who do not hold enough KCS are not able to receive rewards through inviting others into the project either.
