Entrepreneurs, are you gonna start a KuCoin Clone Script? Then you should reside here for a while.
No matter what business you start. Your ultimate motive is to make a profit from it. That too, a consistent profit. In Blockchain, the chances of generating revenue are so high.
Why?
It’s because of its ever-growing nature and serendipitous exposure in the last decade.
Fine, what does it do with KuCoin like crypto exchange platform?
Because, KuCoin has achieved several milestones in recent times.
In this blog, let’s explore the features of KuCoin Clone and how those features generate steady revenue for your business.
Buckle up, we’re going in!
Why do you need to clone KuCoin like Crypto Exchange Platform?
We all know that it takes a huge time and effort to enter into top crypto exchange platform. In this competitive landscape, KuCoin has entered the Top 5 cryptocurrency exchanges globally. It is one of the crypto exchanges with a plethora of trading features. When you bring all types of traders to your platform, you’ll gain recognition.
And such a thing happened with KuCoin like crypto exchange platform. Recently, KuCoin has surpassed 40 Million registered users.
Features of Crypto Exchange like KuCoin
- Spot Trade
- Margin Trade
- Trading Bot
- Convert
- API Services
- Staking
- Derivatives
- VIP Benefits
- Market Making Bot
- Referral and Affiliate Program
- DeFi and NFT Integration
Mind-blowing, isn’t it?
When you incorporate your KuCoin clone script with such features, it brings all types of traders to your platform. If you’re intrigued about building your feature-packed crypto exchange like KuCoin, explore my previous blog.
It’s time to enter the main part of our article.
Revenue Streams of Kucoin Clone Script
Your platform’s features define your revenue. Integrating all the above-mentioned features will help you take sustainable profits. Here, I’ve listed the 8 revenue streams of KuCoin Clone Script.
#1 Trading Fee
A percentage-based fee is charged on every trade (buy/sell) executed on the platform. It comes with a maker-taker fee model. It generates steady revenue for your KuCoin like crypto exchange.
Role of Admin: Set maker-taker fees and adjust rates based on market fluctuations.
#2 Withdrawal Fee
Users are charged a fixed or percentage-based fee when withdrawing funds from the exchange. They are required to select the coin and the network on which they wish to withdraw funds. The charge also depends on the blockchain network, they’re about the withdrawal. They can withdraw the funds from your KuCoin exchange clone only upon admin approval.
Role of Admin: Admin adjusts the fee based on network congestion. You can also fix it based on the VIP level of your users.
#3 Listing Fee
Listing Fee occurs when projects list their tokens on your crypto exchange platform like KuCoin. With IEO, start-ups list their tokens to raise funds for their business. They submit their project details, like a white-paper, etc, to the admin.
Role of Admin: After the admin’s verification, their token gets listed on your KuCoin clone script. Listing fee depends on token popularity, project reputation, and market demand.
#4 Margin Fee
A fee imposed on leveraged trading, where traders borrow funds to increase their trading capital beyond their own holdings. Margin fees are charged as interest on the borrowed amount. It can be calculated on an hourly basis. However, it depends on your KuCoin clone script.
Role of Admin: You can define the margin fee rates based on the leverage position and the market conditions.
#5 Liquidation Charges
Liquidation occurs when your user’s position gets closed due to insufficient collateral. When the user’s assets reach below the maintenance margin, users get a margin call. If they fail to increase their collateral, their collateral will be liquidated. It means that your KuCoin exchange clone script takes it as compensation for the loss.
Role of Admin: Admin adjusts the liquidation threshold and maintains your platform’s stability.
#6 Referral Charges
A portion of trading fees is distributed to users who refer new traders to your KuCoin Clone. This promotes organic user growth. It encourages user-driven promotion and attracts new traders without relying on paid advertisements.
Role of Admin: Admin sets the commission rates for the referrals and defines the referral structure.
#7 Staking Charges
Staking is when your users lock their funds for a flexible or fixed time to receive rewards. In flexible staking, users can stake for short durations, like days and weeks. In fixed staking, users can stake their assets for a long period, like months or years. You deduct a percentage of the reward before getting it deposited into the user’s wallet.
Role of Admin: can adjust the minimum and maximum staking quota on your KuCoin Clone Script.
Interestingly, it’s one of the advanced features of crypto exchange platforms. You need to know everything about KuCoin Clone Script to generate better results.
#8 Token Sale Commission
Your crypto exchange receives a commission when users take part in an IEO. You deduct a percentage of the funds raised as a service fee. This attracts more blockchain projects and start-ups to your platform.
Role of Admin: You set the commission fee based on the funds raised.
You can also charge a certain amount of fee for every conversion that occurs on your platform. With crypto-to-crypto, fiat-to-crypto, and crypto-to-fiat currency conversions, you can generate consistent revenue. Introducing tiered VIP levels based on your users’ trading volume boosts trading activity. This creates additional revenue on your KuCoin clone script.
Get to know the business benefits of KuCoin clone software in short.
Business Benefits of KuCoin Clone Script
- Freedom to customize according to your business goals
- Deploy it faster rather than developing from scratch
- Start your business with minimal investment
- Add, remove, or integrate features as per your target audience and requirements
- Easily adaptable to upcoming market trends
Let’s wrap this up with the final insights to guide your next step.
In Closing, yet Significant
Launching a crypto exchange platform like KuCoin in this era is the best business choice. But you need to understand everything about the KuCoin clone script. And also be careful about the integration of features.
The proper execution of your business framework will help you to attain revenue through the above-discussed streams. You’ll significantly save your time and cost on adopting a KuCoin clone software. No doubt, adopting a KuCoin Clone Software will attain success for your business.
Enough getting confused with the question of what if I fail. Just acquire your dream crypto exchange platform and customize it to your needs.
Integrate KuCoin Clone Script and make your platform among the top 5 crypto exchanges in the market.