WHY I am staying away from KIK-KIN ICO

[Poink]

I know this is very hot and famous ICO right now and I was once very excited but after learning more, I am staying away...actually running away.

WHY?

1.  I can't find anywhere how much KIN token I'll get for each ETH I turn in.   I can't understand how anyone would buy anything they don't know what qty they are getting.

2.  EXTREMELY high token count... 10 TRILLION ...yes 10 TRILLION tokens  
- Anyone who can calculate can tell you that if each token value becomes $0.00763 ...it will topple BITCOIN from #1 spot with market cap of $76.3 Billion. 

Now going back with question 1...they have to give me 45,000 KIN tokens for each ETH to break even IF it becomes worth $0.00763 each KIN and it becomes the new cryptocoin king.

What are the chances of that happening???

I know that only 1.5 TRILLION tokens (ONLY???  LOL) will be released during the presale/ICO and the 10 trillion token total will be reached in 3 years so some ICO participants may dupe a few unsuspecting victims in the first few months and get their money back (or even make some money) but from there forward...it is a losing coin IMHO.

With all the hype about this coin...I am afraid many will be disappointed.  As for me, I am parking my investment elsewhere...almost any of the top 100 will probably give me a better return...unless I am grossly mistaken.

Please let me know if ANY of my analysis is wrong.  Because I can be.  Thanks.

[db71]

Having 10 trillion tokens doesn't have to be a bad thing.

Suppose Bitcoin becomes the worlds main currency, with a maximum of 21 million tokens, then you have to pay somewhere in the future with 0.0000000000000001 Bitcoin to buy a pizza.

With 10 trillion tokens, your pizza will be 5 Kik.

[Poink]

It is not a bad thing but I am here for growth of investment and I can't see it growing compared to other coins due to that token volume.

[coup22]

Yes, the inflation schedule is concerning. Surely, the "value" of tokens given to ICO participants will diminish over time. As you said, at year 3, tokens created during the ICO will only make up 15% of the total number of coins.

Also, providing all that personal information to register for the ICO is a turn off.

[Champ1]

It is an obscene amount of tokens, not sure how much the price will rise despite the fact 90% being held by developers...

[Poink]

Yes, the inflation schedule is concerning. Surely, the "value" of tokens given to ICO participants will diminish over time. As you said, at year 3, tokens created during the ICO will only make up 15% of the total number of coins.

Also, providing all that personal information to register for the ICO is a turn off.

While other coins diminish qty in time, this will increase, devaluation usually follows.  As I said, if there is money to be made...it is mostly by the developers/owner  and maybe just shortly after the ICO.  A few weeks after that is likely a continuous downward trend.

[Antivoid]

i am stayed away from kik-ken ico, because it ban Chinese, i used to think its a promising project, but the market cap is too high and the distribution token is too little, so i didnt care

[NRF]

i am stayed away from kik-ken ico, because it ban Chinese, i used to think its a promising project, but the market cap is too high and the distribution token is too little, so i didnt care

me too. I dont like this ICO. and when China ban ICO. I known I am right!

[QueenOfCrypto]

No bitcointalk thread for Kik-Kin = Suspicious....

[KENZU7]

No bitcointalk thread for Kik-Kin = Suspicious....

And to think they are a social media platform company!

1) Mind-boggling number of tokens - Trillions!
2) Why are they milking crypto-fans if their existing company is valued so highly already?
3) With existing product and market, it does not make sense to create a secondary market by offering an ICO.
4) Greed?

Rest my case....refer to the title of this thread again.

[Poink]

from another thread...

It's the best and best ICO in recent times.

I am surprised people aren't talking about this. I guess everybody wants a 100x and very few care about 10-15x

This company has been around for ages, and has apps on all devices and millions of daily users.


Plus, they are frequent with their news, so it will keep bumping the market up.

THANK GOD, I had registered for their token sale.

1 ETH = 1,973,581 KIN

I got about a fifth ($50) of that so that's 394716 or so

Even if it reaches 1 CENT (which it will easily) - that's $3900 - I am golden already!

Are you golden yet?    Sorry

[100degrees]

Always due your due diligence, research and make sure it is right for you. Everything comes down to risk and your personal assessment of the project. If you don't like it stay away, there are lots of great projects out there.