Re: [ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
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
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
I respect your opinion at least you invested your valuable time to study. We are testing shared nodes platform and it will be out soon we are trying best to finish it and launch asap but things take time. We have also finished 90% development for android wallet too and now started working on IOS. Update regarding all these will be shared is discord so everybody can see it. The funds we collected so far will be all utilised for sure it’s not going to sit there in wallet forever. About economics it’s nothing new that we are trying to do it’s been successful for few projects I have seen I personally don’t see a problem there but everyone have different opinions of course.
I agree the social presence is bit low and we lack some good marketing also but don’t worry I can assure you that will be improved and we are in touch with some good crypto communities and YouTube channel if everything went well an interview will be soon out where we openly talk about our approach and future plans.
Have a good day
