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What is KickToken??? About a week ago, I checked the portfolio in my Coinbase wallet and saw that I had 888,888 KickToken (KICK). I had no idea what they were or where they came from.
How did they get there? Was it a mistake? Could I trade them? I asked Coinbase support but was told I have to contact the separate wallet support. I got no response from them.
Was the lack of support a fluke? It did manage to tick me off. Before I go switching wallets, I still need to know the who/what/where/why/when/how of KickToken. Time for research!
Finding The Source
It took me longer than it should have to find the website Kickico.com. I was using Duck Duck Go’s search engine and it took me to a number of articles that mentioned KickToken, but the actual site was down the list.
No wonder really, maybe the dears who are managing the beta version of their website didn’t bother with SEO. No need – usually, if you are important, you will be found.
The articles and the official website all referred to a drop of frozen KICK that was recent and a swap that was around mid-2019. All of that had eluded me.
It’s not like the token is new, it’s just been in the background.
What Is KickToken?
KickToken is a real cryptocurrency with a real, though negligible, value that currently sits at $0.000133. Multiply that by 888,888, and the result will be what sits in my portfolio.
At first, KICKICO was increasing KICK liquidity, adoption, and brand awareness by listing it on new exchanges. They added more uses for KickToken on the platform to create a natural demand.
Some projects on the platform accept KICK as a payment or loyalty method, which provides external markets and additional liquidity.
At the moment a KICK API is being developed, allowing partners to use KickToken as a payment method. As more businesses accept KICK, its value grows.
KICKICO is a website that hosts campaigns for groups needing backing (in the form of Etherium) to sustain their currencies. To help one of these needy groups, just click on the image, read the article, and decide what you want to invest.
Being a backer isn’t the same as a miner and is just one form of investment. Why do the developers want ETH instead of something else? Well, that’s another article.
KICKICO says, Since KICKICO takes half the commission of ICO campaigns in their tokens, the positive growth of these cryptocurrencies affects the entire portfolio of the platform and, thus, indirectly supports the value of KICK.
CoinMarketCap says, KICKICO is an online blockchain-based fundraising platform, which enables the purchase of tokens of projects. The platform has reportedly helped to raise 250,000 ETH for more than 20 projects…
What To Do With KickTokens
KickToken is an ERC20 Ethereum token and can be stored on any Ethereum address, able to hold ERC20 tokens.
It’s available for exchange on a healthy number of platforms, but Coinbase isn’t one of them. KICKICO will send you to KuCoin for buying and trading KICK.
When you have a sweet wallet full of KICK, you can do with it what you would with any other tradeable cryptocurrency, such as BTC or LTC. This includes just letting it sit there to see what happens.
On its FAQ page, you can see KICKICO’s response to “Why should I hold KICK?” Other than being held for later use on the platform, KICK can be used to get a monthly token emission, distributed to all the token holders in accordance with the token emission plan.
So, now I know what KickTokens are, who makes them, etc. But how did I, a person who had never even heard of KICKICO or KICK, end up at the receiving end of a drop?
Coinbase Wallet doesn’t even list KickToken as a supported cryptocurrency. Why did I get it? Did I do something special unawares?
I find my way to an article on medium.com that gives some answers.
167,375 lucky individuals were to receive 888,888 frozen KICK into their wallets. Once certain criteria were met, the coins would be unfrozen. This was to help the flow, and thus the value, of KICK.
The lucky individuals selected would all be active traders with an Etherium wallet. The article stated that other factors were also involved, and the readers should wait and see what happened.
That was the plan, anyway. Another article referred to how it went somewhat wrong. Not that it was drastic in any way. Some wallets/exchanges had mistaken the drop of frozen currency for a normal deposit of liquid currency, meaning it was not frozen and could be spent immediately.
KICKICO blames no one except themselves for the mix-up.
Okay. It’s time for me to be off and have fun with my KICK! Shall I keep it? Sell or trade it? I think I’ll keep it for the time being.
If anyone from KICKICO is reading this, THANK YOU for the currency! I’m going to watch it for a while and see what happens.
How About You?
Ready to invest in some KICK? Were you one of the lucky ones? What is your opinion of this rising cryptocurrency? Please leave all your thoughts and dreams in the comments below!