Topic: KICKICO-KickEx:Legit business or scam in making? - page 2. (Read 870 times)

You don't remember doing anything to get KICK tokens because you didn't have to do absolutely anything to get them, except to have relatively active ETH wallet at the time they were sharing those shitcoins. Tens of thousands of people have those useless shitcoins that they never wanted, or did anything to get them.

If I remember correctly their plan was to distribute 888,888 KICK to 1 million addresses, with the hope that some will swallow the bait and either buy more KICK  or register on their exchange in order to unlock them.

Was the token airdropped part of the supply? Then why do you think it will not have any value the moment its unlock?
Maybe you meant people will dump and the value will go down, am I right?

I'm following this thread as I was also surprise I have some KICK in my wallet, I cannot remember I participated in a bounty campaign before.. maybe I did but it was a long time ago and this token has no value before so maybe it slipped in my mind.

This current value of ~$440 is temporary as few weeks ago KICK token was 1/10 of the current price. This is just another pump and dump round of KICK tokens, something that they do in regular intervals in order to attract new people to try unfreeze those locked tokens.


But imagine how much trading you have to do in order to unlock those tokens, especially if you are small time trader, and only those will go through something like this to get few dozens of dollars worth of tokens. Since they are probably not an experienced traders, they will probably end up loosing more through trading than those tokens are worth.

Yobit and HitBTC are Coinbase for these guys..

But who would have thought, currently this frozen token is now showing a value of around $ 440. Even so, until now I have not been interested in withdrawing it. My reason is that apart from having to complete KYC, as a trader with small capital, it could take me one year or more, to be able to release all the tokens from frozen wallet. It could be that this is also a hidden pump plan for the KICK token. Thus there will be many members who eventually become interested in registering and following the process for claims their frozen airdrop otokens.

I have no doubts about that, nor I ever thought that.


I didn't say its illegal, I just said that is pyramid scheme type of referral  as I don't any other  legit exchange that has similar referral system. For me that's a big red flag, to see 10 level referral system as I found them only in scams.


You are forgetting one important thing here; KICKICO sent their worthless useless locked tokens to huge amount of people who never wanted it, nor they ever asked for it. But before they did that, they pumped the token so people think they got something that will have some worth. But in order to get those shitcoin, you have to trade on their exchange. This is pure spam technique, and if you try something like that on bitcointalk forum, you would get banned.

Their marketing technique may be legit/legal, but no decent exchange would so something like that, to attract users by baiting them, sending unsolicited tokens. Well, I personally would never use exchange or any other business that uses that. Its just when I see someone marketing something so aggressively, that's a huge red flag for me.

First, to be clear, I have nothing to do with the Kickico project. As many others just receive an airdrop from there and because of that I heard about them. I’m not interested in him, nor have I researched much of it, I'm just pointing out that their promotion (not the whole project because I don't know anything more about them ) is completely legitimate for now.


they plan to make a profit from traders fee, which is completely legitimate and all exchanges do that. How much referral level they plan to have doesn't really matter. Of course, they will say "get free $5" not "spend $10 on tx's fee to get free $5" or "you will be paid up to xx level of referral, although it will only be dust".
Usually, all promotions and free money are looking for something in return but this is only mentioned at the end. As long as they really pay off with money that came from real income, not taken from investors, this promotion is legal.

Something completely different is the question of whether it is really worth it. I see on freebitco.in the faucet, usually claim is 1 satoshi. Whether they are fraudsters if advertised "get free Bitcoin..." although we know that it is almost an impossible mission to raise the required amount for withdrawing.


as I stated in a previous post, unlocking airdropped tokens will be possible only when using his exchange to cover 50% of the trading fee. There I can't see any problem, for example, Binance offering -50% of the fee if you pay it with a BNB token. this is a very similar thing.

It is a very dodgy way to promote the exchange! First they pumped that KICKICO shitcoin, they they sent their useless and worthless locked tokens to hundreds of thousands of ETH wallets without people actually asking for them or doing anything, just basically "showing them down their throat". Those tokens were in wallet, showing that they are worth something, while in reality you couldn't do anything with them.

Maybe they are not pyramid scheme in strict sense, but they certainly used pyramid scheme marketing techniques. I mean, I don't know about any legit exchange that has referral system with 10 levels of depth. Whats even more dodgy is how they presented the possibilities of passive income via referral system.




No wonder that current price is around ~1 satoshi and even that is too much for this shitcoin. I wonder if anyone managed to successfully unlock those 888,888 airdropped tokens.

Nope, this is not pyramidal schemes. Just a way of promoting his exchange. They will give you some rewards in exchange for using their platform and if they actually pay the promised reward there is nothing shady. the other thing is that it is a very small amount and the high fee will probably eat all of the earnings.
it certainly doesn't pay to do the whole procedure because of the potential $5 profit.

Here is a statement about claiming 888,888 Kickico airdrop https://support.kickex.com/hc/en-us/articles/360012199739-Unlock-conditions-and-FrozenDrop-details


you can basically use those tokens to cover the fee when trade on his platform. that's all. He just trying to attract traders to use their exchange.

all this does not seem at all interesting or tempting to me at all but I can't see any fraud there for now. Of course, we need to wait to see how everything will work and whether it is really as they promise.

I have never participated in an airdrop or bounty with such a large amount of tokens. I think it's a scam, because I also got 888k tokens but it's unusable. Candlestick charts on exchanges are also not connected to Tradingview.

You can't do anything with them at the moment, only wait. And yeah, in order to unlock them you will have to trade on their exchange, and that means going through KYC and sending your own ETH/BTC on that  exchange.

I suggest you that you forget about KICK tokens, as by the time they are released, those 888,888 KICK you got will be worthless. Not worth it to give them your info for bunch of worthless shitcoins, as that's what KICK tokens are, don't fall for their marketing campaign.

One good thing about all this is the fact that their campaign is not working as good as they expected, KICK token price went down 90% in a couple of weeks. With tendency to go down even more. As I said, nothing but a pump&dump shitcoin.


That's the worst part, people will deposit their hard earn money on that untrustworthy exchange in order to get those airdropped tokens.
KICK smart contract was exploited back in 2018, when 40 people lost 70 million KICK worth at the time 7.7 million USD. People affected got their tokens back after few months, but by that time price plummeted by 70%, creating huge losses. Here is an article about the whole incident
https://www.ccn.com/another-ico-hacked-kickico-loses-8-million-after-smart-contract-breach/

It's so confusing but if I understood it well, you will have to wait for the official release of their exchange KickEx which will happen on Q2 of this year according to their road map.
Then, you will have to create an account and verify your identity (KYC). I doubt it will have any value by then.

I have received the frozen airdrop. How can I sell these coins now? Do I need to sign up on their beta exchange platform and do what?
There's no specified instructions...

It's a pyramid scheme. They are forcing users to trade in their exchange to get their referral reward and that's how they earn money.



Therefore, users will have to make trades even if they don't need.
For example I will have to deposit BTC, convert it to ETH then convert ETH to BTC and withdraw BTC to become eligible for the reward.
In this case, I will waste 5$ + withdrawal fee. In addition to that I will increase their volume.
This is how they try to earn money. Getting others money and giving a part of it to those that are on top of the pyramid.

Obviously, it is not necessary for me to explain how or why the airdrop token came. However, they need to explain how we can use it. Many people are uncomfortable with this situation. They have a token in their wallets and they can't use it. Yes, the vast majority of those who think about it think of it only to make money. But still not annoying? I don't want KICK tokens to mess up my calculation every time I check the balance of my wallet.

People lose their commitment to the project as these KICK tokens stay in their wallets. And unfortunately the team cannot see it.

I am not sure Kick is a scam yet, but we should all pay attention and watch out for them.
It is easy to make a wrong step in this shitokens game.
Anyway, good analysis OP

Only Frozen Drop tokens are locked, but there is still 2.98 billion KICK in circulation, so those tokens are being traded, and price probably manipulated by the team.


They are definitely not airdropping those tokens randomly. It has been confirmed by them that they used certain parameters like activity of wallet, amount of tokens/ETH in there etc in the period of approximately 1 month,  but they don't want to reveal exact details. It makes sense though to aim active wallets and not just randomly send ETH, as this way they increase chance someone buys more KICK from exchange, and join theirs, KickEx.

There is no any participation for this. There were no airdrop apply.
They are distributing tokens randomly. (at least they are saying that.) But I think they send KICK tokens based on wallet activity or wallet value.
I didn't have any Ethereum in my own wallet. Then I bought 2 ETH and send my wallet a month ago. Then suddenly 888K KICK token has arrived my wallet. There were no other transaction in that wallet.

So I think if you are holding ETH in your wallet or you have some latest transaction history, then you recevied your airdrop because of that.

Most provably still they are paying in random address those are collected from anywhere such frozen airdrop coin. 140k+ addresses holding this shitty coin. No more traders in this project, most old investors stil didn’t hold, they sold out before swap in the last year. I don’t think 888k frozen coin we will able to sell.  
I thinking also that i didn’t participated in their airdrop giveaway but how i received token.      

I received Kick tokens too. I don't know from where they got my address though as I don't remember joining any airdrop lately!

If those tokens are locked, who is making all those trades on exchanges then? If it's them (team) then this is a bad sign and don't expect the project will go too far. It will die the moment they unlock the tokens. We will see a huge dump.

https://etherscan.io/address/0xc12d1c73ee7dc3615ba4e37e4abfdbddfa38907e#tokentxns

I think 888K KickToken/address will hurts their supply on the market. It very possible this token just become another shit-token. Where this will give more chance to get lot of Crypto Trader lost his asset. This is happen now, when few days ago with 888k worth 600+ USD, in today market just $220. How many trader lost their asset because this token. Of course they not scamming for now, but it very possible.