Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
by
kaspatalks
on 10/08/2023, 08:34:42 UTC
IMO this will die quite fast and let me tell you why:

1. Unsustainable economics:
    - 60% for node operators - good deal for the short term, people will jump into kiiro just to run a node. Once the ROI is higher then the nodes will stop and start dumping the coin. To whom? What's the utility of the coin?
    - team has a "community" funds, they keep selling coins everyday to collect $ for development. Sure, that's legit but they collected ~20k and nothing has been done. They are keep saying that Shared nodes are under development.
 
2. No usability:
   - The sole purpose of the coin is (imo) to be a ponzi for those that want to run a node.
   - 51% attack resistant & privacy - nothing new here, just a fork with some different configurations
 
3. Shady approach:
   - Their core members and owners are writing like 14 y/o.
   - They lack professionalism. They are giving unbacked replies, empty words.
   - their whitepaper is copy pasta from 3 other coins (all dead) Avian Network and Arsa - I wouldn't be surprised that the "team" is the same

4. Low social presence:
   - Barely a few tweets, no announcements (beside them selling the coins for "development")
   - They said they applied for CMC but not Coingecko - we shall see if they are getting listed
   - No updates on discord. A few messages here and there but that's all. When people are asking legit questions their answers are :"it is normal to have copy paste whitepaper", "you are fudding", "this is not your concern" etc

Maybe I'am wrong but these are quite consistent red flags.
Wish you all good luck