I just got an email from HitBTC today saying that the KickToken swap is happening soon and that they will not be supporting it.  Since it's been half a year since I last looked at KickToken, I thought I'd check up on how our Kickico scammers are doing and surprise, they have yet another token swap.  This new token has all the latest buzzwords as to be expected.

Although I cashed out what I could ages ago, I still have my "reward" from the last token swap sitting in my ether wallet.  Something like a 1.5 mil bonus for holding Kickcoins during the last swap.  Surprise, those bonus coins were locked like the 888,888 token drop everybody on the planet received, so my bonus was just as useless.  But there was always this tiny sliver of hope that I might be able to do something with them one day, but nope, looks like they are going to be lost for good when the old tokens are abandoned again.  These Kickico guys really seem to like to punish their old investors.

Judging by how they can't get listed on any exchange of note, and even HitBTC is abandoning them, I really wish they just took the standard method that all crypto scammers use and took the money and disappeared.  Anybody that invests in anything to do with Kick is asking to be burned.

To add further to my statement, I want to say if Kickico decided to just weather the storm and not devalue their Kicktokens they probably would be doing pretty good right now.  I've seen some really junky coins do well in this current crypto surge.  If Kickico just held on to their Kickcoin plan and the ICO website, while spamming 888,888 Kicktokens to everybody's wallet for promotion, they could have had both.  They could have even used Kickcoins as well as Kicktokens on their new exchange.  Instead, they converted all Kickcoins to Kicktokens, just so they could get their new token on all the exchanges.  On top of that, they locked Kicktoken transfers (via smart contracts) to only transfer into their exchange, which probably hastened the rate at which exchanges booted the kicktoken from their listings (restrictions on transfers are a big no-no).  It really felt like Kickico was purposely trying to screw over their original investors just for some longshot at launching an exchange.

These are very shady devs.  You have been warned.

I'll jump in with my take/history of this token.  I bought some Kickcoin during the ICO many years ago.  Not much, so I'm not bitter getting burnt by this project.

The coin had its ups and downs, but eventually the ICO scene started getting government scrutiny and the Kickico ICO website never really took off because the ICO fad died off.  The kick team tried to reinvent themselves with a new coin, but that never reached funding because people weren't throwing money at new coins like they used to.  That's when they changed Kickcoin to Kicktoken and basically screwed every single initial investor with the 888,888 token airdrop they did to random wallets.  They diluted the value of the token to nothing, all in hopes of bringing in enough users to their new exchange.  If you look at coinmarketcap ROI section of the Kicktoken page it shows -99.99% ROI; that's why.

Kickcoin/token used to be listed on quite a few exchanges, but most exchanges have pulled it.  I still have some Kicktokens in my Kucoin account that I can't do anything with because Kucoin shut down that market.  If you look at the few markets that still trade in Kicktoken, the top 3 listed are KickEX.  That's Kickico's exchange.  I would never trust the price listed on an exchange owned by the people who own the token.  I also heard (in this thread if you go back far enough), that the KickEX exchange is not to be trusted.  So ignoring KickEX, there are only 3 exchanges still listing KickToken.  2 of which I never heard of and HitBTC.  I used HitBTC a few years ago.  I remember them to be a smaller exchange, but I can't vouch for them anymore since it's been so long.

My opinion is if you want to try and make a quick buck off this token, use HitBTC to do it.  All crypto is hot right now, so you could probably make a profit if you go in and out quickly.  Just be aware of the devs' track record.  They are not to be trusted.  I would never hold this token long term.

Things aren't looking too good are they.  I know all alts are suffering right now, but kickcoin is deader than most.  I'd consider selling, but kickcoin is worth so little that there is no point in even doing that.  The only time it was possible to get out at ICO price was that brief period last summer when there was a pump and dump happening, but most exchanges halted kick trading during that time so selling wasn't really possible even then.  Let's hope the devs have some plans to inject life into this coin in the upcoming year.

All of crypto is suffering in this prolonged bear market.  It's not surprising KICK isn't doing well because let's face it, who wants to invest in icos in a market like this.

This news of the kick team moving to whirl is worrisome, not just because it's a giant middle finger to the kick investors, but because spreading their resources between two tokens is going to be suicide for both.  There is no way they are going to have another successful ico like they had with kick in these market conditions.

I wish they could see the longterm value of kick.  It's listed on multiple exchanges.  That's a major feat in and of itself.  If they continued to grow and expand kick's uses beyond the website they might be able to survive this bear market long enough to make it to the next bullrun.  As it stands, the kickico website won't be enough to keep it afloat.  If the volume of kick's trades continues to fall the token will start getting delisted at the exchanges.  If that happens this coin and kickico is done.

Crypto is in for a long bear market.  Every coin team should be looking at how to survive and stay relevant.  The whole whirl thing just feels so scammy and out of touch with current market conditions.

Is that true?  I remember reading somewhere a long time ago that KICK payouts were to go on for a couple of years.  I assumed the plan was that once payouts were done the kick platform would be strong enough to no longer need the monthly bonuses, hence a couple of years of payouts while building the platform.  As it stands now with the market for KICK crashing to seemingly no end there definitely needs to be some kind of incentive to hold.

Speaking of the market, does anybody have any insight into why the price continues to plummet?  I knew there was going to be a correction after the hack and pump, but nowhere to this degree.  There is major dumping going on; over a million dollars worth of kick has changed hands in the last 24 hours.  Maybe people just want out?

I guess it was a pump and dump after all.  I was a little surprised as I'm used to P&Ds happening over a shorter period of time, but this stretched out over a month.  I did know something weird was going on as all the trading activity was happening at Kucoin only.  It sure seemed suspicious that it also happened during the fallout from the hack as well.  Prices going up during a security breech was suspicious as hell.  If I wanted to play conspiracy theorist, I would say that whoever was behind the hack was also behind the pump.  Ah well, welcome to the crypto world.

With that said, I don't think the prices will dip much further.  The prices are nearing pre-pump levels, so it's unlikely to go much further down unless some bagholders just want out.  A rebound will happen sooner or later, but the exchanges will first need to re-enable deposit/withdrawals for this to happen (HitBTC is still offline for example).  Hopefully the fallout from the hack gets resolved soon.

For anyone holding, it might be a good idea to sign up for the child chain that's coming and be prepared to sit on KICK until everything blows over.

I wouldn't get too excited over the price increase right now.  HitBTC has had KICK deposit/withdrawals disabled for the last week.  I just signed up at Exmo and they have KICK disabled as well.  I don't know what's happening over at KuCoin as I'm not a member, but most of the activity seems to be happening there.  I've seen it before that when coins can't move into or out of exchanges the price is going to do strange things.  Wait until all the exchanges open up again to get a better idea of the true current price.  I'm not saying it's going to be bad, just that we don't know.

With that said I still think KICK is going to start getting listed at more exchanges "soon".  It's become too big in daily trading not to be.  The hack will have undoubtedly thrown a wrench into the speed of which that will happen though.

That was an interesting read.  I don't normally follow links on bitcointalk, but I'm glad I did as it kind of explains what's happening with the price.  Personally I don't have a problem with the workers at Kickico buying their own coins.  If they work on a project and believe in a project, they should be able to invest in that project (and tell their friends).  If you think about it, it should instill more confidence in a project if the people involved are willing to risk their own money.

As for me on the other side of the world without this "inside" knowledge, it is blatantly obvious that someone in the know is accumulating.  I was actually going to sell some of my kick a week or two ago to invest in another project I'm interested in, but once I saw the activity in the Kick market I decided to hang onto it.  It doesn't require inside knowledge to spot that people/groups over at Kucoin are accumulating.  We also know that Kickcoin was undervalued for the last 6 months and was bound to recover.  Just wait until it hits a bigger exchange; 1500 will seem like a dream price.

This isn't a PnD either.  A PnD would be over in a couple of hours/days, and would result in the price jumping from 1000~ to 5000~, only to fall back to 1200.  What is happening now is accumulation, pure and simple.

Logically, you would think KICK would go up after each successful ICO because that should be pulling KICK out of the trading world, decreasing supply.  But you need to realize that most people who bought KICK were there to flip it for profit, not to use it for the fundraisers.  KICK's price has been stagnant for quite some time, and the flippers are probably losing patience and dumping at a loss.  Eventually though, the people that are willing to hold indefinitely and those that use KICK for ICO fundraisers are going to outnumber the flippers/dumpers, and at that point KICK will start to grow.  When that will happen, who knows.

I'm going to take a guess as to why Kickcoin hasn't been listed on the big exchanges yet (eg. binance, bittrex).  I've read that it can be quite expensive for a coin to be listed on a high volume exchange.  I've seen people say it can cost into the six figures to have their project's coin listed.  I have the feeling Kickico doesn't want to pay the entrance fee at those exchanges and I don't blame them.  Kickcoin is already listed on enough exchanges that if anybody wants it they can get it.  I'd rather see Kickico spend their money on enticing ICOs to list on their platform rather than paying more exchanges to list Kick.

There are other ways to get listed on high traffic exchanges, such as community vote systems.  Let's face it, if Kick can keep increasing its trading volume, all of the exchanges will list it eventually.  The trading fees will be too lucrative for any exchange to pass up.

Do any exchanges give their users airdrops or other payouts from holding within an exchange?  Serious question.  If an exchange does I'd seriously consider using them if the daily volume is right.

Generally though, I assume an exchange will keep any payout so I move coins to a personal wallet when a payout is coming.  I do not know about Exmo in particular as I've never used them.

Kick has had me scratching my head for months.  It's one of the few coins/tokens that has an actual working as of now use (albeit limited to the Kickico platform), but yet it has underperformed.  The only rationale I can think of is it's not Kick underperforming, but rather other coins are overpriced.  Think about it.  Most crypto today is nothing but hype and promises, and people seem to be buying that over actual utility tokens like Kick.

That or a whale group has been keeping the price down for months.

How do you get in on this airdrop?  The instructions on the site don't seem to be very clear.  Do we need to verify with Nitro first?  I don't think I'm sending my passport information to any company I barely know, regardless if I get free tokens or not.

I think someone mentioned a few pages back how Kick tokens have decent volume on the exchanges that they are listed on.  Looking at coinmarketcap most of the volume comes from Exmo, but regardlesss it still shows Kick is far from a dead coin.  Volume is good enough that in time more exchanges should start picking it up.  Remember that exchanges make their money from daily trades; they only care about volume.  The problem is the exchanges are just overwhelmed with coin addition requests, so it's harder for any one project to get noticed.

If Kickico can just keep the stream of new ICOs launching on their platform that should create enough demand for Kick to keep the volume growing.  The exchange issue should then take care of itself in time.

Does Kickico have any incentives for ICOs to launch on their platform vs other methods?

If people want to invest their money in crappy ICOs it's their right to lose that money, no government regulations are going to prevent that.  The only reason there are so many new ICOs is that people are willing to invest in them, period.  No regulation would have prevented Kickcoin's fall either, as its fall is due entirely to the decisions and actions of Kickico.  Let's hope they have a good plan going forward.

I swear, when Bitcoin's bubble pops this time (and it will) there is going to be nonstop coverage on how the government needs to step in and control the cryptocurrency market.  So many normies are going to be burnt badly by this pop.

It is absurd to be so low, but the rising price of Bitcoin/Ether is partly to blame.  Kick was holding well against the USD at around 3-3.3 cents a kick until the bounty hunter coins were released.

I do believe the real reason for this fall is many people were expecting Kick to be listed on the larger exchanges within a month or two of the ICO.  When that didn't happen they started to dump to go chase the bullruns in the other crypto markets.  Sucks for us holders, but it's a really good opportunity for anybody wanting to buy in now.

I agree that Kick should be near the bottom soon and I certainly don't think selling right after the bounty hunters got their coins released is a good idea.

Watching the charts over the last few weeks shows increasing volume, which imho is a very good thing.  It means that someone is buying.  The thing with trends though is they can be hard to shake.  Once Kick reverses the downward trend, it should be a slow and steady rise up (faster once it hits the big exchanges).  However, until that downward trend is broken it is going to be a very painful time for holders.

I do think Kickico should be doing burns on a weekly basis to try and get some confidence in their coin back.  Confidence in their coin directly relates to confidence in their platform.  Even if they didn't do a buyback, they should be burning more from what they receive through the platform, at least for the shortterm until the downward trend is reversed.

As projects go, I like how the devs are at least acknowledging the price drop and what they are trying to do to reverse that.  At least someone is trying to do damage control (if you follow their various communication channels).  I've seen projects where when the ICO ends, the devs completely ignore the price, remove all criticism, and work on their project as if nothing is happening.  It's a real slap in the face to investors and I bail on those project immediately.  So I will give credit where credit is do.  The kickico people seem to be doing the right things.

So why is the price continuing to fall?  I got a couple of theories on that.  The first and most obvious reason is that the bitcoin bullrun continues to get the most attention in the crypto world.  It's why I roll my eyes when people say you need to have patience and hodl.  If I'm going to hold a coin, it would be far better to just sit in bitcoin versus any other alt right now, especially a token on a downward spiral such as kick.  Crytpo isn't like "normal" investments where people buy and hold for years.  It's about fast profits or huge loses.  The opportunity costs lost when holding are higher in crypto than any other investment imaginable.  I think people are just losing patience with kick and are moving on.

Another obvious theory is that dreaded Nov 26th deadline coming up.  No one wants to buy with the threat of bounty hunters dumping on them is around the corner.  Personally I think the whole bounty hunter dump is overblown.  From my understanding the amount of tokens the bounty hunters have is 4%.  Assuming they all dump (which they won't) how much of an impact is 4% of the total supply really going to have on the already poor price?  I do wish the bounty hunters were paid out at the start though.  This is a deadline we shouldn't have to be waiting upon.

My last theory is on the confusingly head-scratching monthly payout schedule. For some reason the monthly payouts are moving down to 1% and 0.5% for the next couple of months, with it sharply increasing in the spring. This payout system offers no incentive to hold kick as a global increase for everybody simply means inflation.  If you think about it, it's actually worse than no payout at all because the exchanges that hold large amounts of kick for their clients will probably sell any payout they receive right away (I highly doubt exchanges will credit their clients).  The payouts should be weekly, or even daily if possible.  That might be enough to get people to pull their sell walls off of the exchanges.  As it stands, the best case we can hope for is a pump and dump scenario occurring every month during the payout period.

I don't know what to recommend, or what to do myself.  I like the project concept and the progress so far.  Kickico is responsive as a company, which I like as well.  I think things will turn, but holding is such a bitter pill while I watch other crypto make record gains.  I hope the people at Kickico realize that the falling price adversely effects the kickico platform as well, moreso than it would with other crypto projects.  Who is going to buy kick to spend on their platform if kick cannot hold it's value compared to the ether price.  If I was in their shoes, I would consider taking some of that ether they raised during the ICO and do a buyback/burn.

Bitcoin's bullrun might end even before the fork, if the "free money" isn't enough to justify not selling on the premium caused by the fork hype.  The smart traders always seem to sell on the hype before an event, not wait for the actual event itself.

This is the time to be buying the good alts, not selling.  It's too late to get in on this bitcoin push if you haven't already.  As bitcoin's price continues to increase, so does its risk, and the profit to be made diminishes.  Traders are already looking for the next big flip, and that will come from an altcoin.  Which one is the question.