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.