Topic: [ANN][Pre-sale now]KIZUNACOIN:🔴Japanese coin : DAG-based [Listing soon] (Read 2006 times)

BiteBTC announced that they would list KIZUNACOIN.

https://twitter.com/bitebtccom/status/1078301801844219904

Hello. As a native Japanese language speaker with knowledge on this coin, I need to tell you a fact.
This coin's original name was Kojiki (乞食) coin. Kojiki is a Japanese word to explain beggar men in a blaming way.
At the time they rename it they choose a positive word starting by the same character.
Ref: https://alis.to/cryptojinsei/articles/K0ZLQwnYP0bw

Japanese part corresponds to the old naming :
そして通貨が認知されていく中で「そもそも乞食コインって名前、どうよ？」という当然の疑問が生じ、コミュニティ内でのワイワイを経て、乞食コインは絆コインへとリブランドを決行します。


Not only their bad naming in the early phase, this coin has too many negative fundamentals.
By the way, I am a newbie in Bitcointalk and this is my first post. So you may feel hard to trust me.

So, just please use Google Translate for the URL above.
If only one web site is not enough, please search by a query (絆コイン　乞食コイン) with "search in Japanese" setting. And go through the results by Google Translate.

My conclusion is , this coin is scam. In case I have more time to tell, I will let you know

"The more we access to the article, the more the writer earns money."
Can you tell me what the words above mean?
Because all of us if the FUD is sold, there are those who are from Japan who don't understand that.

It is a pity that I found this project too late. Let me ask where is coin sold now? I do not find KIZ on the coincapmarket, its price is how much?

The writer of the article introduced at #50 is known as a FUD writer in Japan.
The more we access to the article, the more the writer earns money.
The best solution to cope with the FUD is ignoring it or reporting to the moderator.
Anyway, thank you for telling the fact.

    The same pronouncenation can have several different meanings in Japanese.
KOJIKI generally refer to two meanings, one is 乞食 (beggar), the other is 古事記 ("Records of Ancient Matters").
    古事記 is the oldest extant chronicle in Japan. it's known as an important historical document.
It's described here https://en.wikipedia.org/wiki/Kojiki
Thanks.

For 2018 backwards, the most trend is ICO or intial coin offering.
But if for 2019 it is STO and can you explain what it means from STO?

Yes, they are going to establish their own Exchange called KEEP Exchange.
STO means "security token offering".
I think STO will become a popular funding method in 2019.
they are gonna provide a market for security tokens in Q1 2019.

Oh, the head office is in the USA.
I didn't know that because it was in Tokyo before.

It was very interesting to follow and began to see the clear vision that KIZUNA Coin gave.
STO Exchange, okay I don't understand this yet and does the STO Exchange mean that KIZUNA Coin will establish KIZUNA EXchange?

if the price goes down to less than ICO price 1sat, most of the holders might sell their holdings and dumping starts, like the most of other ICOs in 2018.
To avoid it, the team has many plans such as building a STO Exchange, 1jpy stablecoin, incentives for holders and etc to increase the price.

"Fortunately, the first price of KIZ on the market is around 2sat and circulating supply will be reduced by buying-back by the management team, so I think the price does not go down below 1sat."

Okay we play in profit. Can be accepted if the reason is like that: bought again by the development team from KIZUNA.
But is there the best solution if KIZUNA goes down to 1 Satoshi?
Apart from the "BuyBack Management" plan.

Well, in the case a cryptocurrency which cannot keep the price at 1sat due to high circulating supply or something, it's better to be sold on Gwei.
Some cryptocurrencies couldn't keep at 1sat on BTC market and their liquidity is dead now.
That's why Exchanges added the decimals.
Fortunately, the first price of KIZ on the market is around 2sat and circulating supply will be reduced by buying-back by the management team, so I think the price does not go down below 1sat.

It's true that 1 Satoshi is quite expensive for now.
Just imagine I am following an ICO whose ICO price is around 7 Gwei (decimal fraction of Ethereum)

For Gwei to be paired to 1 satoshi it takes around 30 Gwei and the ICO price that I follow is 7 Gwei. 4 times cheaper than 1 Satoshi.

That's true. They added extra decimals although original decimals of BTC are 8.
Some Exchanges did this, maybe because they think 1sat is too high as the minimum price of the BTC market.

Well, this is what is called an Exchange that is difficult for beginners to understand.
I also started to trade cryptocurrency from 2015, still confused with Exchange like this.

hmmmmmmmm  !

it's not 1000sat to 200sat, it's 10sat to 2sat.
Be careful there are 10 decimals on bit-z, 1000 is 10.00sat.
then 10sat was the first price on the market, the first price often moves a lot because few people are in the market at first minutes.
It has been more stable after many people started trading there.

The exact link is this: https://www.bit-z.com/exchange/kiz_btc

KIZUNA pair with Bitcoin and not a pair with Ethereum or USDT.
I see when the KIZUNA price list is 1000 satoshi but why does the price drop to 200 satoshi, why?

Like we don't mention things like that because we can see that the head office of KIZUNA Coin is in:
Address - 257 Churchmans Road
New Castle, DE 19720, U.S.A

But I see for the development team indeed from Japan:
CEO - Shouichi Hatsuse (初 瀬 正 一) [Discord name - mori].

This is developed by the Japanese team.
Also, the devs love Japanese animations.

yes, like the name of a character in a Japanese animated film. but I'm curious, is the team from this project pure Japanese? or only use names from Japan to get interest from the Japanese community?

The name is no stranger because KIZUNA is the name of an anime character in NARUTO. LOL
It is very good for this coin to appear because after checking in explorer it is quite understandable by the way of sending the KIZUNA coin.

ref : https://explorer.kizunacoin.jp/

KIZUNACOIN


PRE-SALE June 16 3:00pm Japan time (GMT+9)


http://kizunacoin-ico.com/kiz_talk.jpg


KIZUNACOIN was born from 5ch which is the largest Internet bulletin board in Japan.
It is purely a community-based coin.

Since the birth of Bitcoin, Various alt coins have been borne, but there is nothing popular at the general level yet.
This is because, the biggest advantage of the cryptocurrency has not been taken advantage of.
It is just to send free to cryprocurrency to someone.

It is obvious that the number of people with a currency, i.e holders, determines the value of the currency,
this is because, the use/value of the currency is decided by the interaction among people.

The biggest concept of KIZUNACOIN is to create an environment where you can easily send coins to people.
On an occasion, if one receives KIZUNACOIN from someone, one will have an interest in it,
those who are interested will then purchase KIZUNACOIN with courage, and as someone has done to you, you will also give to other people.
This idea is the same as the concept of FREEMIUM found in Web services and social games, by sharing fun and joy with other people.
KIZUNACOIN can be said to be the coin with the world's first freemium as the main axis.
The community of KIZUNACOIN has thoroughly been conducting this sharing immediately after it was born.


Links

KIZUNACOIN - OFFICIAL HP
KIZUNACOIN - OFFICIAL twitter
KIZUNACOIN - Discord community
KIZUNACOIN - Telegram English community


Specification

Coin abbreviation : KIZ
Algorithm: Scrypt
Mining: Proof of Work
Address letter: K
Block reward: 10,000
Block halving: 8,400,000,000
Maximum coin supply: 33,600,000,000

Total - 33,600,000,000 kiz
Premine: 16,800,000,000
---Pre-sale amount: 10,000,000,000
---Swap of airdrop quantity: 600,000,000
---Team holdings: 400,000,000
​---2 years lockup: 2,000,000,000
Burn (disposal): 3,200,000,000
Not mining: 16,800,000,000

Exchanges

Coming Soon
June - July

http://kizunacoin-ico.com/roadmap.jpg