I see in the https://kimchiswap.io/buy-token/ the softcap looks like already achieved, glad to see that, so then it can be a proof at least this project will running after IEO ends.
I can't found that they have plan to burn some token, but KSWAP has ability to do it. I saw in the whitepaper, the short story is that the KSWAP token can be used as a substitute for payment of fees on the kimchiswap, so that way we don't need eth to pay fees.