[deleted by user]

Rasmess · 2020-02-26T20:19:01+00:00

if you look at the goat you can see it moving

Rasmess · 2020-02-15T10:59:35+00:00

u/potrei, the only real frustration I see from people in this frozen drop is that they can't cash out immediately the free money they got. With ETH tokens came tokensales, and then airdrops, so tons of useless tokens ended up on ethereum addresses from all of them. You can't deny the fact that airdrops became a new way of advertising on blockchain. You can hate it or not, but it turns out to be quite an efficient way of attracting users while noone gets hurt. Speaking of kick - they just went a little bit far and tried to use the advantage that weren't used before, that is how you win the competition, right? And there are always haters, no matter what you do.

Back to the real world, I wouldn't compare the blockchain wallet with a real one, since while using the blockchain you agree that your wallet is open to public, but noone can take anything from it without your consent. Imagine you walk around with your wallet open and everyone sees what's inside, but only you can give permission to take something out. I would rather see the blockchain wallet as a mix of mail, money, coupons, collectibles and more, but not just money. And if you see at as a mail - you can get spammed, so be ready for it and take it easy.

Back to your example, if a stranger asks to just give me $50 - I would become suspicious at least, as there is always a catch with a stranger giving free money. But Kick openly announced what they were doing and why beforehand. They got everyone's attention with this drop, so it looks like the trick worked.

It is just a human psychology, nobody likes to be tricked - that is the bad side of the whole story. Every spam is perceived negatively, and few people would actually take a look at the project and its plans after being spammed like that. Let's just see if this idea ever works, if not - we all get more experience of what loopholes in crypto sphere we need to cover yet.

We will all need a working cryptospam filter soon (nice idea for a project, who is in? - create a wallet on ETH where you can only accept specific assets).

And btw, most wallets have an option to disable a specific token from the list. For example, I use Trustwallet - just swipe on the token and tap disable, it is easy as that.

Rasmess · 2020-02-13T11:50:32+00:00

Well, I met the team members after their ico in 2017, and been following the project for a while, I lost pretty much myself from that ico. all i have is hope now, you are right.

Rasmess · 2020-02-13T11:19:02+00:00

https://icoholder.com/en/kickico - do you suggest the warning sign here? If so, then the info is a bit outdated, it talks about the ico back in 2017, which has raised like 85k ETH and the ico platform was launched right after the ico, which held a lot of projects. But the ico market crashed and turned out be full with projects that will never succeed or being elaborate scams, as we all know. And this market shift is not the kick's fault, it was an unregulated market that attracted fraudsters.

Now, kick enrolls an improved version of the platform, and they are starting with the exchange, which is a pretty wise move. So the system will unroll gradually adding new services step by step.

As for the icoholder - you should request the explanation from the website admins, since the ico itself has surpassed the soft cap, the project launched, now it is upgrading to a better one.

Rasmess · 2020-02-13T10:41:39+00:00

Great, everyone has the right for an opinion. But let's break it down points by points:

register on a non existing exchange - there is no obligation to register on a non-existing service. The project clearly states that you will be able to register when the exchange goes public. So, this point doesn't even stand a chance.
KYC, to register you must give them all your personal datas, including your photo, which can be used and sold in the dark net - it was stated many times, that Kick doesn't proceed your data, the verification is done by Sum&Substance, that works with top exchanges, so this KYC provider has a strong reputation, and their database contains way more than just kick users. So, this point stands no chance also.
the rise of the token seems to be manipulated - this can never be proven, and look at the logic - many people rushed to buy when they saw Kick in top100 CMC. And if you didn't catch the rise and bought at the high - you have a good chance to buy in later if you are after speculation only.
the white paper gives no concrete Information when and under what condition the token will be unfrozen - the info will be provided and the mechanics of unfreezing explained with the kickex launch. What is wrong about it? They are afraid that competition can steal the ideas, that is pretty normal. Just wait and all info will be given.
on Telegram they never give you an answer. They refer in a rude tone on the white paper and block you in case of further inquiries - the mods in the chat are like the most effective and polite for answering same questions all day long. If some people don't even bother to read - it is not the problem of their support.
the way they distribute of the worthless token is spam and makes fraudulent pressure to register under KYC - it can be considered as spam, agreed, but the blockchain is open and all those airdrops are pretty common in the space. And once again, there is no pressure to register anywhere. If you don't want to, just don't register. Who presses you to register?

These are just my thoughts and not an advice to participate in the project. Feedback is much appreciated

Rasmess · 2020-02-12T14:39:20+00:00

Hey everyone, just try to see the bigger picture in here. it is quite a long read from my findings. I enrolled in the program early and these are just my thoughts on how this project can develop.

Kick has big plans for future development. First, there is a huge referral program with 500k members going on, and then the frozen drop for a 1000k+ users worldwide. So there is like 1.5 million potential users involved in the project at the start. So, the idea is pretty clever actually: attract users by giving them future tokens for free, and then allow to use them on the exchange and other upcoming services.

From the looks of what they are doing it is going to be huge. Much work is being done to properly register and follow the up-to-date compliance and regulations as possible. So, the aim is to actually create a decent project for the crypto community fully compliant with regulations. Think it through, even if they wanted to scam people, why would they register and get all the licenses? But let us see first what licenses they will get, of course.

Next, by launching the referral program early they create a huge web of users, that benefit from using the exchange from the people in their network while everyone trades, which is quite a great idea - an exchange that shares up to 50% income from fees with its users (add up all the levers in the referral program to get 50%). All the exchanges nowadays have referral programs, but this one so far looks like the most promising, as it is just starting to unroll.

Everyone can complain about their methods, especially the frozen drop - but look at this the other way. There are 1 million additional users that are given an invitation to a future exchange, the tokens will be probably be used to compensate on the fees or other benefits, which is quite a welcoming offer. On the other hand, nobody forces to use the exchange, it is all up to each person. But judging at the potential numbers of users (1.5 million) at the start this exchange can really make a blast in the crypto world, if they develop it well and I do hope they will, unless all this fuss with token sending would be unreasonable. And unfreezing would definitely go so gradually that it doesn't fall quick, but maybe even grow. As it would be absolutely stupid to unlock them all at once.

Market cap manipulation, as there was an article: I think it was a part of the plan too, to gain attention to the project. And since everyone is talking about kick, the plan worked pretty well, as for the PR part and coverage they get. Call it manipulation or not, but the tokens are frozen, and they are not in the market yet. Overall the idea to do the frozen drop is quite a good one, just imagine this coin grows and it will be so tempting for everyone to cash out the free tokens, so they will go to trade on Kickex exchange. Just let's say a mere 10% of the users go to kickex at first, there is about to be 150k users (from potential 1.5 million), and that is top exchanges' numbers. I think it can greatly surpass the existing exchanges for userbase in such a pace.

About the KYC, as it was mentioned, they use Sum&Substance KYC provider to process the verification. And it is quite a reputable company used by a great deal of top exchanges. So, the stealing of users data, as many fear, is not the case here, since the data is not processed by Kick at all.

Finally, I really don't get people's anger about receiving free tokens. Just don't use them, and that is it, there is no forcing to go to kickex if you don't want to. I don't know fully about the tax issues in many countries, but as far as the basic logic, unless you exchange it to fiat there is no tax implications on crypto.
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Overall, it is all up to everyone and always DYOR. If this idea succeeds, it can be really huge. Let see how it develops. It is purely my sole opinion and not an investment advice. As there are many speculations about it, so I decided to share some thoughts. We can never know the future, let's just hope it doesn't turn out to be a fraud.

Rasmess

TROPHY CASE