I did not understand - do they launch their blockchain with native coins? Or why change the token to a token with a different name? What is the point of this?
In the article said that you just need to move your kickcoin to your personal wallet and that means kicktoken will be using the same blockchain and that's ethereum blockchain and it will not build on its blockchain.
Kick has moved its business plan due to the IEO trend and that's why kick platform has created its own exchange site called kickex.
As far as i know, kicktoken will act like exchange site's token that gives utility usage on its exchange sites like what already did by binance coin, kucoin shares and many more.
Kickcoin alreayd used on its crowdfunding platform for ICO but due to the downtrend of ico and this forced kickplatform to develop its own exchange platform and this is just like a migration.
Thanks for your clarification, WalkerIVIV. That is all true: KickCoin smart-contract is being upgraded and in order to add new functionality and utility to the token contract we are upgrading to a new token, which will inherit the previous token utility and the price. Most of the exchanges with a decent trade volume already admitted the support for the swap on August 29: Kucoin, Bilaxy, TOKOK, Livecoin, Exmo.
We are waiting for more confirmations from the exchanges. IDEX has confirmed delisting the token, but we don't mind. It shows how decentralised this exchanges actually is. They probably will start the trading of KickToken afterwards, so there is nothing to be worried about.
And last but not least: the swap comes with a bonus up to 150%. But the catch is that in order to receive the bonus - KickCoins have to be on your personal wallet, not on the exchange during the swap. Pretty easy and simple procedure: move KickCoins to the address you control, wait for the snapshot, get new and fresh KickTokens and enjoy the bonus!
