KIN BY KIK a SCAM?

[Untente]

KIN by KIK a SCAM there are many reasons for this!!!
The big company KIK which has set up KIN for 3 months does not give answers to investors about the future of the project!

[arkatov]

they do not answer uncomfortable questions  

https://image.ibb.co/gpcxGR/Screen_Shot_2017_10_26_at_20_27_58.png

[imjustp]

I dont know id I would go as far as to say it is a 'scam' it is more than likely a big company doing what big companies do best, avoiding answering the problems and leaving everyone in the dark until they feel ready to release news.

People don't call Facebook a scam but good luck getting a reply from anyone on their team. Good luck even reporting an ID fraud if you dont have a Facebook account. I have been trying to get a fan page about me removed for ages but, nope, nothing. All I ever get is sent to a page which says make a facebook account.

It's the world we live in now, when a company is big enough they no longer feel the need to answer us as we are just mere peasants to them.

The ICO hadn't finished long ago so give them some time to get their shit in order.

I agree that they should be more active but, hey, what can we do?

As a community we need to stop being so childish and calling every company that takes a while to answer questions a scam.

[arkatov]

RED FLAGS

KIN ICO price: 0.000000416 ETH
KIN current price: ~0.000000176 ETH  -60%
https://etherdelta.com/#KIN-ETH

Market Cap: $41,543,705
Volume (24h): $60k - $100
Circulating Supply: 756,097,560,976 KIN (only 7%)
https://coinmarketcap.com/currencies/kin/

Total Supply: 10,000,000,000,000 KIN ⁉️(no plans to burn)

Kin Markets
#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   EtherDelta   KIN/ETH   $70,203   $0.000051   67.94%   Recently
2   Mercatox   KIN/ETH   $31,138   $0.000056   30.13%   Recently
3   Mercatox   KIN/BTC   $1,994   $0.000059   1.93%   Recently

[Poink]

Not a scam but a losing investment.  I warned about this before the ICO...

https://bitcointalk.org/index.php?topic=2146390.0

[bitorama]

with 10,000,000,000,000 KIN, it's normal that the price dump a lot

[topesis]

with 10,000,000,000,000 KIN, it's normal that the price dump a lot

I really don't understand why someone need 10 trillion tokens, it just doesn't make sense, what I realise in the space now is that most of these developers don't even realise that they are scaming people

[thr3]

KIN by KIK a SCAM there are many reasons for this!!!
The big company KIK which has set up KIN for 3 months does not give answers to investors about the future of the project!

It is BS that they don't have a team to handle queries 3 months after ICO - and they dont have budget constraints. Even a small company can handle something along these lines. Hire an investor relations officer?

 

[Filmmmakerr]

I don't think its a scam, I hope that they're spending their times working on the project. ITs hard for a coin to reach great highs with a 10 trillion market cap. Just so unrealistic, I hope the the burn 90% of it one day and next thing we know the price will go 50x what it is now.

[gjtnwls1]

I really don't think it's a scam, but it's a shame that they failed to list this token in a few decent exchanges after they collected 98 million usd.

[gjtnwls1]

it's also interesting that they decided to not to allow canadian citizens or residents to participate only a week before the ico.

maybe, they tried to protect their canadian friends and family by not allowing them to invest in this mess.

[KaranRaut]

Weather they are scam or not, it has certainly proved to be a bad investment until now (Contrary to Ted Livingstons advice).
Its been a while since I received any updates from them. Nothing has changed on their website either.
This is just basic etiquettes that they are overlooking to keep their investors engaged... Not a good sign for sure/

[DimiZb]

RED FLAGS

KIN ICO price: 0.000000416 ETH
KIN current price: ~0.000000176 ETH  -60%
https://etherdelta.com/#KIN-ETH

Market Cap: $41,543,705
Volume (24h): $60k - $100
Circulating Supply: 756,097,560,976 KIN (only 7%)
https://coinmarketcap.com/currencies/kin/

Total Supply: 10,000,000,000,000 KIN ⁉️(no plans to burn)

Kin Markets
#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   EtherDelta   KIN/ETH   $70,203   $0.000051   67.94%   Recently
2   Mercatox   KIN/ETH   $31,138   $0.000056   30.13%   Recently
3   Mercatox   KIN/BTC   $1,994   $0.000059   1.93%   Recently

This looks like a fiasco, KIN is the most reliable IM company in the world, they have plenty of users, but IM doesn't need blockchain, using blockchain is not instant. They just wanted to raise money.

[SHawk]

The devs are dumping they must know something we don't https://www.reddit.com/r/KinFoundation/comments/98zkk8/the_infamous_wallet_4_is_doing_what_it_does/

In my own opinion, I think if the devs are dumping the coin and you do not get answers to your question for a long time from the team or manager of the coin, then I think such coin is not legit. Though I do not have the coin but I will suggest you to be very careful and be sure of the potentials of a coin before you invest in it.