As projects go, I like how the devs are at least acknowledging the price drop and what they are trying to do to reverse that. At least someone is trying to do damage control (if you follow their various communication channels). I've seen projects where when the ICO ends, the devs completely ignore the price, remove all criticism, and work on their project as if nothing is happening. It's a real slap in the face to investors and I bail on those project immediately. So I will give credit where credit is do. The kickico people seem to be doing the right things.
So why is the price continuing to fall? I got a couple of theories on that. The first and most obvious reason is that the bitcoin bullrun continues to get the most attention in the crypto world. It's why I roll my eyes when people say you need to have patience and hodl. If I'm going to hold a coin, it would be far better to just sit in bitcoin versus any other alt right now, especially a token on a downward spiral such as kick. Crytpo isn't like "normal" investments where people buy and hold for years. It's about fast profits or huge loses. The opportunity costs lost when holding are higher in crypto than any other investment imaginable. I think people are just losing patience with kick and are moving on.
Another obvious theory is that dreaded Nov 26th deadline coming up. No one wants to buy with the threat of bounty hunters dumping on them is around the corner. Personally I think the whole bounty hunter dump is overblown. From my understanding the amount of tokens the bounty hunters have is 4%. Assuming they all dump (which they won't) how much of an impact is 4% of the total supply really going to have on the already poor price? I do wish the bounty hunters were paid out at the start though. This is a deadline we shouldn't have to be waiting upon.
My last theory is on the confusingly head-scratching monthly payout schedule. For some reason the monthly payouts are moving down to 1% and 0.5% for the next couple of months, with it sharply increasing in the spring. This payout system offers no incentive to hold kick as a global increase for everybody simply means inflation. If you think about it, it's actually worse than no payout at all because the exchanges that hold large amounts of kick for their clients will probably sell any payout they receive right away (I highly doubt exchanges will credit their clients). The payouts should be weekly, or even daily if possible. That might be enough to get people to pull their sell walls off of the exchanges. As it stands, the best case we can hope for is a pump and dump scenario occurring every month during the payout period.
I don't know what to recommend, or what to do myself. I like the project concept and the progress so far. Kickico is responsive as a company, which I like as well. I think things will turn, but holding is such a bitter pill while I watch other crypto make record gains. I hope the people at Kickico realize that the falling price adversely effects the kickico platform as well, moreso than it would with other crypto projects. Who is going to buy kick to spend on their platform if kick cannot hold it's value compared to the ether price. If I was in their shoes, I would consider taking some of that ether they raised during the ICO and do a buyback/burn.
Thanks for your detailed and well judged feedback, few things I would like to highlight here are
1. There is a token burn for all the unused pools which will take place in december, the date is still yet to be announced
http://www.newsbtc.com/2017/11/03/kickico-burning-40-million-tokens/ 2. We plan to do regular burns to counteract the bonus emissions, it was already in the whitepaper but not people seem to have understood the concept of reserve fund (which can be a bit confusing at first). Here is a very recent article that explains it well.
https://medium.com/@kickico/kickcoin-burning-remastered-5c303aace7a6
