Topic: KICKICO-KickEx:Legit business or scam in making? - page 3. (Read 924 times)

I asked them that, how do they plan to unlock those KICK, if amount unlocked will depend on the trading you do on KickEx, and they said that they will release details about that after exchange goes live. So i guess all you can do is wait.


Yeah, that's the number they claim already joined exchange, and I'm not surprised, people will jump on just about anything, and won't do due dilligence.
Regarding the value of those tokens, bare in mind that current value of those airdropped tokens are like that  because only 2.98 billion KICK tokens are in circulation, while total supply is much higher, 781 billion. That means only 0.38% of the tokens are unlocked, and imagine what will happen when/if people starting unlocking the rest of 99.62% supply.
Total supply will be much higher though, as they are not over with Frozen Drop. There will be 2nd wave, and they  aim to send KICK to overall 1 million addresses. Here is the article  about it.

I had sold my KICK tokens when the market was good but after that they sent dividends to all addresses that held tokens and even to my address even though I had sold my tokens but the dividend was 0 (an error in their contract). When they stopped, this was their airdrop but it's only to promote their exchange. If KYC was not involved, things would be different.

Can still see 562,560 users who joined the exchange so till now it seems to work. Since the market value of those tokens are $200-$500, I guess many would be excited to follow their steps to unlock them.

I did received tokens from KickICO and this strategy is quite forceful as they send the tokens to your ether wallet. But still these tokens cant be move out from that wallet.

How is that using the exchange can be unlocked the tokens which cant even be moved? Let say Ived use the exchange and traded there how in the hell they can unlocked the one they sent to my eth wallet address? I think smart contract ia hard to be modify depends on trading on a centralized platform.


Thats a nice piece of display in our wallets. But that harsh fact is the most annoying one I hate, my wallet Im secured is easily can breached by an airdrop program through this 888k scheme. Claiming aside, this bit compulsory to those who have interest in claiming these valuable tokens. Id love to but the proces is so forceful.

If they do not lock the tokens, it will obviously be shitcoin in the future because so many people can get it from the airdrop, but the developers have their own strategies on how to do good marketing and not a big dump or become shitcoin.

With yesterday's pump it was still unclear whether it was from investors or the developers themselves who did it, really many questioned this project with its tokens.

It annoys me to have 888k shitcoins in my wallet without the possibility of moving them out. Being a completely random airdrop, it did stir my curiosity and I gave it a quick lookup on Google. I actually thought I had randomly received $500 in my account.. until the "888 888" Google autocomplete result popped up, then I knew something was up

I don't think it's a good marketing campaign. I mean, if you airdrop coins, do it to either those who've done KYC and registered for your airdrop or give it to complete strangers without freezing it. But that would've turned into a massive dump, so of course we need to see "888,888 KICK - $1,000" in our wallets and THEN finally decide to give identity proof. In their dreams! I don't like being forced to do things. I'd rather lose than be forced to do stuff their way.

I occasionally get some worthless shitcoins of seemingly dead projects in mew, but this is the first time for me to experience something like this from project that is listed on the exchange with some trading volume. That's why i was so surprised, but seems like people massively fall for it, sharing referral link left and right.

Pump&dump scheme in this case is obvious, as chances of project like this to gain and loose so much in the matter of few weeks  and to be completely legit are none to zero.
I also doubt that this is the last pump&dump cycle with this shitcoin.

To trade on some exchange, you have to trust them to some degree, and i honestly think that their practices won't have the effect that their are aiming for, as all this can only make me distrust them and never touch their exchange.

It's not a scam but it's definitely spamming users with their tokens who don't have any interest dealing with those coins. Having being a part of their campaign earlier, this marketing scheme is not ethical. They should have had an airdrop campaign instead so tokens would be sent after users authorizing to receive them.

The token's price pumped few days ago and now there's almost a 50% dump in the price.

It is an aggressive marketing campaign. Apart from the KYC requirement on exchange, which they later removed, everything looks "legal" to me. Those who received airdrops aren't forced to use the exchange if they don't want to unlock the frozen tokens. Referrals aren't required to pay for any product or services. The method could be something new but the end purpose is similar to what other exchanges did which is to increase their user base, volume, and pump their token.

They select the way "Frozen drop" very critically to promote their project. They sent 888888 kick token to the large number of crypto users and pumped their coin own self so that people make attention to the project. I don't know how long it will go but I don't like their "making fool people by sending useless token, increasing trading volume and pump their coin own self" these activities what they are doing.    

Kick coin not scam but teams making some stupid things. Why they distributed massive number of useless tokens it’s almost 30 billion tokens accordingly in their kick exchange website. Firstly they need to list in big exchanges than most provably volume will be increased. For increased tokens supply this shit coin ranking now top 50. They will start monthly passive income who guys trade in kickex and referral system is just bullshit.                 

Personally, it is still not a scam  Basically, they use airdrop (here is Frozen Drop) as a measure to pump volume for their exchanges. Obviously, it is a calculated strategy, using airdrop, KYC, along with the trading to unlock the unlocked KICK coin.
The only problem in this strategy is the implementation process. They have a good strategy, I think, but they hurriedly implemented it while they had not completed the testing phase, which resulted in KYC being unable to complete and KICK coin becoming worthless. But in fact, with the terrible airdrop, it is easy to understand that KICK will have a very small value  (Or at least they want that)
Anyway, with such a strategy and direction, it's not a scam, it's the legitimate business of a shitcoin that will form in the future 

I don't know anything about this Kickex until I received that airdrop, it was so huge the first time I received it, over $500 but checking on the airdrop it is shitcoin that they freezes, I think they want attention, and they do get my attention, but until now we never read any posts coming from the devs, so we can say that it's a shitcoin, because if they are serious we will get continous update but there are none and it's only a matter of time before all exchange that listed them delist it.

Some of you may  heard about KICK token Frozen Drop, where 888,888 KICK was sent to 167,375 addresses (useless locked tokens).  I decided to check KICK Ecosystem and their KickEx exchange that is in development at the moment, and to be honest, all this looks a bit dodgy to me. Whenever something sounds too good to be true, it usually is.

Up until recently KICK tokens were basically worthless, reaching ATL of 0.000044 USD on January 24th this month( down 99.99%  since their ICO back in 2017 when they raised 25 million USD). Despite having their  Frozen Drop going on since November 26th, there was no change of price, and then suddenly , in the matter of 2 weeks, KICK reached 0.000818 USD , they are still pretty much worthless, but  gain is almost  2000%  (after reaching that price KICK went down a lot, current price being 0.000266 USD, that is almost 70% decrease in a few days). This is red flag number one for me, as it looks like pump&dump scheme.


Another interesting thing that they have going on is KickRef, referral system with 10 level depth. To me this looks like classic MLM scheme.


Source


To further hype this referral system and bring new investors, they gave few  example how much can people earn from it. Sure, they say that  earnings will  depend on the activity of your referrals, but this really reminds me of ponzi schemes, where they use similar language and graphics to attract new users.


Source



As i said in the beginning, they already airdropped KICK to 167,375 addresses, but now they have few other things going on and will continue with it. Since this Frozen Drop was random, now they introduced new mechanic where you can increase your chance of getting KICK tokens through their airdrop by holding 500k KICK. By the end of Frozen Drop, they plan to send  888,888 KICK tokens to 1 million Ethereum addresses.
This is huge amount of tokens , and i don't see how KICK will have any value after this is over.

All these airdropped  KICK tokens are  locked , and in order to unlock them, first you will have to register on KickEx exchange, go through KYC and then trade on the exchange in order to unlock those tokens. The more you trade, the more KICK tokens you unlock.
Goal of this tactic is to pump the volume of the exchange, and therefore attract new projects and traders.

Another issue with KYC part is that they required from people to go through KYC while their exchange is still in beta stage, and no real trades are possible. Since few days ago this requirement is removed, but still it didn't make much sense at all, and unfortunately, many people gave them their info already.

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I would like to hear opinion of others regarding this, and if someone has some additional info. Is this  just an aggressive marketing campaign that is trying to profit on people's greed but is completely legit,  or there are  more things  going on here, as for me this is just a way to advertise, pump, and then dump KICK tokens, as i don't remember any legit exchange having this kind of marketing strategy.

KICKICO announcement thread
Kick Ecosystem
KickEx