I'm just confuse the ratio on how much it would unlock everytime we trade? For example you trade 400usd worth how much is gonna unlock on the kick token side. Like 1/4 or half of the supply already? Worse lower?
This is from their website in regard to the unlocking of those "freezed" tokens
Are there any fees for the unfreezing procedure?
Yes, since the token has a smart contract on a blockchain, a certain fee is charged for each defrosting transaction. That is a dynamic fee charged in KUSD equivalent. For example, you want to unfreeze 888,888 frozen KickTokens at $0.000019 per KICK, which is $16.89, then you need to have $17 in KUSD on your account + fee = approximately $17.9 in KUSD.
What is a KUSD token?
To unfreeze the KICK tokens, you need to have KUSD tokens. KUSD is a semi-stable token on the KickEX exchange that is backed by proof-of trading and a fixed price within the Kick Ecosystem. The KUSD token is rewarded to traders for their trading volumes on the KickEX exchange. A trader receives 1 KUSD for every 4 USDT of the trading fee they paid. So the more you trade on KickEX, the more KUSD you have, and the more frozen KickTokens you can unfreeze.
So, in order to unlock those freezed 888,888 KICK you have to pay 72 USDT of trading fees. At first this seems very simple. But let's say that as a fee they take 0.5% (which is as far as I know pretty much standard percentage ) so in order to pay those 72 USDT of fees, you have to make trades worth of approximately 15,000 USD. Unless you are an experienced trader, chances are that you will loose some money while doing so. Then add on that that you will have to do KYC on that dodgy exchange, send your own money there etc, I doubt that many will bother with this.
But that is just the begininng. Bare in mind that math has been done when 888,888 was worth only ~17 USD, and now the price is ~20x more, or more precisely 335 USD, meaning that you need 335 of their KSD in order to unlock them. So now you have to pay 4x335 (1340 USD) in trading fees to unlock the tokens, meaning hundreds of thousands of dollars worth of trading.
Unless I messed up the math (which was never my strong point) seems to me that you have to be completely insane to go through all that in order to unlock those shitcoins.