AMA session with Anti Danilevski
Founder & CEO of Kick Ecosystem answered the questions from the Kick community
On April 15, 2021 Founder & CEO of Kick Ecosystem Anti Danilevski answered the questions about background, development team, Frozen Drop, roadmap, ICO, KickEX exchange, mobile app, KickToken, Binance, Kucoin and much more on Telegram. Over three years of organic development and planning with a roadmap near completion in 2021, Kick Ecosystem is recognized as a new worldwide platform for crypto from the European Arena, bridging future technologies with the evolution and revolution of today’s crypto currencies.
Thanks to the help of Erik R. Peterson, we have received questions from the following countries: Algeria, Argentina, Australia, Bangladesh, Brazil, Canada, Colombia, Dominican Republic, Egypt, Finland, France, Germany, Iceland, India, Indonesia, Iran, Israel, Japan, Kazakhstan, Korea, Morocco, Nigeria, Peru, Philippines, Poland, Russia, Saint Lucia, South Africa, Spain, Sweden, UK & Northern Ireland, USA, Vietnam.
With all that said, let’s get started!
01. Background
Can you tell us a little about yourself, where your from and what motivated you to start the Kick Ecosystem?
Erik — United States
I’ve started my career in 1994, while I’ve been 14 years old, as a game scripter, later — as a game designer.
I’ve started working with fundraising in 2009 year, when I’ve been trying to raise money at Kickstarter for my own mobile game. We have raised $30k and I realized how difficult it is for the indie developers to do so. So, I decided to make my own fundraising platform for small developers, with a different model than Kickstarter had.
In 2014 I’ve started developing platform that later were named as KickICO, and introduced cryptofundraising. It worked during the ICO hype, but it’s been obvious that ICOs are flawed, and this bubble will blow. To fight that we’ve need a new way of fundraising — fair way, and for that we’ve need an exchange. That’s how KickEX was born, it’s an important step for KickICO’s new tokensale model — AIO, which will protect backers from the massive price dumps as soon as tokens are being listed on the secondary markets (exchanges). Soon you’ll see how it works at the brad new KickICO — now everything is ready and first campaigns will be launched very very soon.
You have a cool name and logo. Why did you call it KICK and what is the meaning of the logo symbol?
Erik — United States
It was solely my concept and idea. ‘Kick’ is a part of ‘Kickstart’ concept, arrows in the logo symbolizes three directions of our ecosystem: fundraising, exchange and community. New KickICO is not just platform for fundraising, it’s a platform for community and their contributions, such as reviews, voting for projects, communications and etc. As well as whole Kick Ecosystem.
02. Development Team
Can you tell us about your development and engineering team? How big is the team and where are they based?
Erik — United States
We have about 40 people in the team, with 10+ outsourcers on different contracts. Most of them are developers, of course, and 15 people are marketing, lawyers, product directors and etc. We are pretty big team, though we do not talk about it too much. Most of them are in Russia, but some are from the other countries, too.
03. Whirl
Will the WHIRL project come back at some point?
Pablo — Argentina
Oh, WHIRL. A great concept, I still believe it will work, someday. But WHIRL didn’t raise enough money to be launched. It was a worst time for doing an ICO, and we’ve raised few millions, but it was not enough to promote it’s unique pay-it-forward model. Project was launched, but it is so far ahead of the current time that it wasn’t accepted by the people. So, crowdfunding was moved to KickICO — there will be a regular crowdfunding, but without pay-it-forward model. Maybe, eventually we’ll resurrect this project, but not anytime soon.
04. Frozen Drop
Obviously the Frozen Drop was your creation. What the purposes of doing this Frozen Drop and how many people around the world received it?
Erik — United States
Yes, it was my invention and it was a long-term plan. You see how it works now — everyday we have amazingly high number of people coming to our community, asking how to unfreeze. Some are mad that it’s not a free money, but most of them understands that it is a way to minimize their trading commissions. It was designed for those who will use KickEX as a kind of cashback. You trade, earn KUSD (former KEX) tokens, and unfreeze frozen KICK. As a result, it’s 25% cashback on trading commissions that you pay for trading on the exchange. Later, there will be more ways to unfreeze them. How many people received it? One million+ of wallets received it. It will keep working for many years, and the higher KICK price will be, the more people will be coming, seeking how to unfreeze those tokens.
How did u come about this ingenious idea of frozen drop?
Tochukwu Daniel Chinedu — Nigeria
When I develop something, I always think of how it will work long-term. Marketing is always expensive, so I am always thinking of growth hacking mechanics. FrozenDrop was one of them, and it was designed with keeping in mind that KICK price will eventually rise. And we see how effective it is now — it works exactly as it was planned to work.
Why do pick the number 888,888 for the quantity?
Erik — United States
It’s a lucky Chinese number, symbol of money and success. FrozenDrop is exactly that — money! And success. And it’s just looks so well and tasty.
It seems like most people didn’t know how to react at first, and you got some negative press for this massive air drop. The token price skyrocketed, but the reporting sites, like CMC and CoinGecko, made changes quickly to the stats because of the freeze, which still seems to be confusing and not reported corrected. Can you are your thoughts on this?
Erik — United States
Yes, it was a fun experiment. We’ve got to 24th place on Coinmarketcap as an unplanned side effect. It wasn’t our goal, of course. I think when other projects will see how it works, and how it brought so many people to our ecosystem, we’ll see more frozendrops. Of course, it can’t happen until Ethereum 2.0 is released and a gas price would be not so crazy high. About unhappy people — some were expecting that they would receive free money and dump them. When they have realized that they can’t sell those tokens instantly, that they need to do a contribution to our ecosystem, of course they were angered.
How to move kicktoken I received from airdrop (888888 KICK) to KickEx or other exchangers? I have tried but failed with the error message: Fail with error ‘SafeMath: subtraction overflow.
Deo Antonius — Indonesia
You can’t move them while they are frozen, that’s the plan. First, you need to unfreeze them. Trade at KickEX, earn KUSD, and use those KUSD tokens to unfreeze the frozen KICK. Help us to grow, and unfreeze tokens as a cashback. Fair game!
Are you considering opening up other options for unlocking frozen Kick? Currently it’s nearly impossible for normal folks who are not extremely rich…
Eric Melvin — UK and Northern Ireland
I have some plans to make it even more interesting and tasty. Yes, there will be other ways, but not soon, and they won’t be en masse. And, of course, only for those who contribute in our ecosystem, use our services.
Do the Frozen KICK Tokens affect the KICK Token price?
Erik — United States
Not at all. They can’t be sold, so they can’t affect the price.
Can you give us an idea on how many people have unlocked their frozen tokens?
Erik — United States
Several thouands, and they did it while it was easy to do, for about $16-$20 equivalent in KUSD. Some did it later, some did it partially. But the higher KICK price is, the more difficult it is to unfreeze them. So catch it while you can!
I understand you will be burning the locked Frozen Tokens. Will you allow restricted countries to keep their frozen tokens until the crypto laws change?
Erik — United States
We can’t discern countries, it’s all in the blockchain. So the only way to do so to delay burn of the frozen tokens. Perhaps we’ll do it, because frozen tokens do not affect the price. We’ll announce it if we’ll decide to extend this period.
05. SCAM
The people who have not dedicated themselves to enter KICK because of fear or that it is a scam, what can you tell them?
Andres Pinto — Columbia
I think they need to use a common sense and take a look at what we do, what we release and how long we are in the business, what we release, update, develop, how we evolve. If we would be a scam, we would disappear after the ICO, like 99,9% of ICO’s did.
06. Roadmap
What is the product development goal of 2021?
Arnthor Snaer Saevarsson — Iceland
We have many goals. Main goals are mobile app releases (both for iOS and android), launching campaigns at revamped KickICO, and developing KickEX further. We’ll plan to start working on margin trading soon, which is a next big milestone for KickEX.
We see Team delivering and improving product according to Roadmap in an impressive way. Roadmap ends Q4 2021. That’s quite soon. What’s next, when will this be published/ announced?
Kim Jonas Seufert — Germany
Of course we’ll release a new roadmap, with the next goals for next couple of years. Many wonderful things are ahead, including global world expansion and something huge there. I won’t say what it is, but it is something that would allow us to dominate the market and get into top exchanges worldwide. I know exactly how we’ll do it, and first steps were made by now.
Are you waiting to finish all the devs first [before launching]?
Anayha — France
If I get the question right… Our policy is to develop something first, then to release it, and then to announce, not before. So, if I understood the question, yes. We are not project that talks, we are project that delivers, and then speaks about it.
07. ICO
Please I like to know if kick token still remain the same from the previous smart address received during ICO.
Oluwole Olusola — Nigeria
We had seven versions of KickToken smart contract (current is seventh). So no, old KickCoin was converted to the KickToken. Each time we were improving KickToken smart contract. Probably it’s not the last upgrade. I’m considering one more swap, with removal emission method from it. So, everyone would be happy that no new KickTokens will be minted ever, only burned.
Are there currently more companies interested in launching through KickICO?
Unai — Spain
There are about 30 campaigns currently that have applied for listing at KickICO. Six were approved, they are preparing their campaigns now, or collecting documents for our compliance. Some were turned down due to the vague business model or suspicion in scam, some are not ready enough yet.
What can we expect from the new version of KickICO?
Unai — Spain
Currently, it’s a very limited platform, more like MVP/beta, with only new mechanics and AIO system. Later, we’ll add many social things, which would allow people to review campaigns, rate them and thus help everyone to understand if it is worth backing them, or there are risks, etc. For campaigns, there will be special mechanics, such as automated bounties, marketing and advertisement tools, and so on. Because the most difficult thing for fundraising campaigns is marketing, and reaching journalists. I have a vision of how to improve it effectively.
Kick users are automatically whitelisted for kick ICO, possible?
Unai — Spain
No, it’s not possible, because it is not needed with our know-how AIO fundraising model. It’s very different from ICO and ICOs flaws, massive discounts and presales, that crush the price later, when token/coin enters the secondary markets.
When will the Neuronix ICO launch?
Unai — Spain
No idea, ask them. We have provided everything for them to start, but seems they aren’t ready yet.
Is there any suprise for who holds since the ICO?
Batu — Turkey
We have a lot of surprises for everyone. But if I’ll tell you about them, they wouldn’t be surprises! So follow our lovely news channel.
We bought in at the ICO level and KICK is down considerably. It would be nice if those loyal to holding KICK since the ICO could be given a bonus for any new projects launching from KickICO.
Gerard Engen — Canada
It’s not possible with the AIO model. AIO will not give anyone any advantages, discounts, etc — this is why price will not dump after token would enter the secondary market. That’s the goal and point of AIO tokensale model. But using KICK as a payment during the AIO will, likely, give some bonuses, as it was at the previous version of KickICO. But I’ll think about it, maybe I’ll come with some idea that will work.
08. Token
Do you consider kick as a security token?
Aucet — Israel
It’s not. It’s an utility token that is being used in our ecosystem, always been and always will remain.
Do you approve the users who calls themselves as investors? If it’s not a security token then there won’t be any so called investors.
Aucet — Israel
I don’t approve that. We were selling KickTokens as an utility tokens, they were designed to be used in the ecosystem.
Exactly when we can expect the real use of KICK token?
Md Ayub — Bangladesh
It already have a real use — you may pay your trading commissions at KickEX, and get discounts for trading commissions via locking KickTokens at the ecosystem account. The more traders we’ll have, the more tokens will be locked, paid and burned. Later we’ll add more ways to use them, like paying for pro accounts, for social things such as gifts at KickICO, and etc. Perhaps we’ll start building a network of 3rd businesses that will use KickTokens as a payments, like Flogmall did.
Is it possible to move the network platform from eth to bsc? And why it works so slowly and with a delay, and why do not you update the products after the introduction, like Kick Academy?
Gholamreza — Iran
Everything is possible, but not everything is good for us. With our plans for our own blockchain, we don’t see any reason to go for bsc, especially since KICK is not listed at Binance. Why it works slowly? I don’t know what ‘works slowly’, I think it works fine for Ethereum blockchain, same as every other token based on it.
09. Binance
Binance has become the second most requested topic among the KICK Hodlrs. Based on past discussions and my own research, I get the impression China is a bit territorial and consider you a rival. Would you agree?
Erik — United States
Totally agree. If not, they would list us long long ago. It’s only a reason that I see of why they didn’t do it.
I find it interesting that not one question came from China for this AMA. Does KICK have any relationship with China development or investors?
Erik — United States
That’s a good question. During ICO, we have raised $3m in China, and at the same day China’s government have released ban on crypto. So, we had to return all raised money to Chinese backers. This is why we don’t have a strong Chinese community. We are all about legal operation, and though $3m is a huge money, we preferred to return money and remain white and legal.
Do you plan to enter kick into Binance? When you will list kick token on binance exchange? B. Pd — France
Andres Pinto — Columbia
After some fruitless attempts to list at binance, I personally told CZ that I will not ask them for that again, and I guess he got a bit offended. So, *I* will not do it, but if they would list KICK, I will not ban it. If community wants KICK to be listed at Binance, participate in their polls for token listings that they do from time to time, and maybe it will happen.
Many coins / tokens have migrated from ethereum to binance smart chain, given the huge transaction fees for ethereum at this time, are there any plans from KICK to expand into the binance smart chain?
Gede Jaya Kumbara — Indonesia
As I said earlier, we don’t plan that, because we have our own blockchain planned. When — not soon, because it is a huge development. But eventually we’ll do it. And we know what it must be.
10. Kucoin
Kucoin is another exchange you have to deal with in the past. I think you’re the only crypto that I know of that actually chose to leave a large exchange. Can you explain your relationship with KuCoin and why you chose to leave the exchange?
Erik — United States
I like them. They are nice, and I have a huge respect for them how did they handle a massive hack that happened on Kucoin. Perhaps they will list KICK someday, who knows. I wouldn’t object that, but we are also fine without it. After all, we have so many traders migrated to KickEX from Kucoin after that delist. So, thank you Kucoin, and we are waiting for KICK to be back there.
With regards to Kucoin delisting and the so much KICK on their [hodlr] positions, wont they dump it?
Chris Chuks — Nigeria
I think they have dumped it already, long long ago.
Any plans going back to KuCoin?
Erik — United States
It’s up for them.
Do you think these exchanges are working against you? If so, why?
Erik — United States
We all are competitors. But work against us? Don’t think so. We all have more important things to do.
11. Exchange
Sir, When KickToken -will list on any big exchange?
Hasib Shaer — Bangladesh
Malvin S — USA
KickToken is listed at KickEX, and we are growing daily. So, KICK is ALREADY listed on a big exchange, just wait and watch. And as I said, we are growing daily, growing significantly.
What is your plan for listing KICK Token in more exchanges?
Malvin — USA
If they would come and offer us a free listing — why not. For money? No, we are too good for that.
I learnt from one of the telegram admin that kick was delisted from coinsbit long ago but as I speak right now kick is still trading on coinsbit. Are the coin valid ?
Jacob Augustine Dubo — Nigeria
Don’t think so. But some exchanges, like Yobit, are simulating trading of KickToken, though we’ve requested many times not to do that. Just avoid those exchanges and use KickEX.
12. Performance
Sir, do you think that the Kickex platform can outperform the popular platforms like Binance and others
Hebalimohamed — Algeria
Yes, and I have an exact plan and strategy of how to do that. No any other exchange may do what we are going to do, because their architecture is old and outdated. We, instead, have planned it from the beginning, during the stage of technical architecture design. With some time you’ll see how it will work, and why we’ll dominate.
13. Insurance
Hello Mr CEO sir Pls clarify about [the]…. backup plan as like custody or insurance for [all your] projects.. Plz give us [details]
Md Asgar — India
Yes, we have it in our plans. Once we’ll grow more, we’ll definitely do it. Now, it’s a bit too early.
Tell us more about security & guarantees.
Anayha — France
I won’t tell you anything about that, because it is our inner and secret kitchen. The less we talk about it, the better. But believe me, we know what we are doing and it’s one of our main priorities.
14. Marketing
When will you start an agressive marketing campain ? Marketing and advertising kickEx exchange?
Anayha — France
Salisu Khaleed — Nigeria
Very very soon. We are finishing necessary technical integrations and preparations right now, it’s a matter of weeks, if not days.
15. Restricted Countries
The crypto laws in various countries has hurt all cryptos to be traded freely. I understand KICK is under the same laws and this has kept a lot of people from trading on your exchange. Here are a few questions from the public, and can you give us an overall update on the progress you see on crypto legislation and changes?
Erik — United States
With pleasure.
Explain what you have done to open Iran markets. Thankful.
Wolf — Iran
We don’t know any legal way to open KickEX for Iranian people at the moment, alas. We are trying to find a way, I know that Iranian people are loving KickEX, and eventually we’ll find a way, or perhaps political situation will change and sanctions will be lifted, who knows.
When will kick exchange be available for US ? When will kick exchange come to the US? Can you give us an estimated time?
Raed Nakhla — USA
Wolf — Iran Henry Pham — USA
We are working hard on making KickEX accessible for USA and Canada. We have a solution and it is in process, but I can’t give you any timeframe, because we are waiting for the regulator to approve our application. It takes up to three months, and two have passed, but because of covid-19, things are slowed a lot.
At which stade is it from being accepted here in Canada ? I heard that it is supposed to be a bit easier to allow Canada than USA to use KickEx, but when can we expect to use it ?
GF — Canada
Same as with US.
There’s a lot of new regulations and legal requirements coming up- the DNB in the Netherlands also a French law about crypto- afaik; how is KickEx dealing with this? Are we safe with our EU-license?
Kim Jonas Seufert — Germany
I suppose we are, but it is a question to our lawyers. For now, I haven’t heard anything from them that would put anyone at risk. But it’s better for those citizens to talk to their regional lawyers.
A group of crypto enthusiasts from Kazakhstan greet you. Please consider the question of being your representative in Kazakhstan and Central Asia. We are open to dialogue and mutually beneficial cooperation.
Otepbayev Yerbol — Kazakhstan
I’m always up for cooperation, and if you have a solid plan of how to develop KickEX there, feel free to contact me with your strategy.
16. API
Good afternoon, Anti! Are there any plans to add an exchange, and, accordingly, the possibility of trading through the API, for resources such as Tabtrader and Blockfolio? Do both have more than 2–3 million users? thanks
Vladimir — Russia
Actually, we did everything that was required for the integration with Tabtrader, but it’s not free, and price is very high for us. But, when we’ll finish our marketing preparations, it may happen. For now, you may use CoinRoad app, it’s also nice and KickEX is already integrated with them.
17. Blockchain
Hi, According to the white paper, you will create your own blockchain. When will it be ready? How will the token burning process work after your blockchain is announced?
Almutasem — Sweden
Can’t give you any timeframe. I know how it must work, but developing it will take a lot of time and resources. Our team is focused on KickEX and KickICO, and mobile apps. But, if we’ll keep growing as we are growing right now, we’ll extend our team and start this project by the end of 2021, hopefully.
Will your blockchain be set up after the completion of this roadmap or is it possible to set it up faster?
Amirreza — Iran
Hopefully faster, it will be a part of the new roadmap, most likely.
Is there an talks on moving to another blockchain line ADA or EOS?
Rory — Ireland
No, we’ll have our own, as I said earlier.
18. Crypto Listings
It has been a long time since new trading pairs were added to kickex and it appears the overall development of the kick ecosystem is lagging. Kindly give us specific updates of development status
Michael — Nigeria
Nothing is lagged. We’ve just added TRON, a whole blockchain, and a new tokens, pairs and blockchain coins will be added soon as well.
Traders are waiting for hundreds of cryptos in the exchange. KickEx would be finished for them, when kickex will have cryptos to trade. When will they get this 200 hundreds of cryptos ?
Anayha — France
The more pairs at the exchange — the better for everyone, and the higher are profits for us. So we are also interested in listing them, and soon we’ll start doing it regularly. We’ve decided which tokens will be listed soon, too.
The exchange is the earth of the ecosystem. I suggest to add a lot of crypto and talk about that.
Anayha — France
Good idea!
When to start using the trc20 network
Soadnageeb — Eygpt
It’s already there.
New listings weekly?
Rod — Korea
Weekly is too often, but once per 2–3 weeks — that’s the plan.
19. KEX
In future, is there other way than trading to get KEX?
Alaa Abdelkader — Eygpt
We’ll host a tokensale of KUSD (KEX is old name of this token). If you’ll get lucky, you’ll get some doring this campaign.
20. Banking
Hi, Is there a possibility of creating some type of international credit / debit card? kickexCard.
Vinícius — Brazil
Of course. We are in talks with several providers, and later we’ll go for our own solution. Maybe we’ll skip step of using 3rd party provider and go straight for our own solution.
ll withdrawal from KickEx back to your own bank be made possible?
Crypto Craig — UK and Northern Ireland
Yes, it’s also in process and one of our short-term goals. It will take a while, but it’s one of our priorities for KickEX, because we understand how it is important to send large volumes of fiat money in and out.
21. Fiat Currency
Please can you put clarity to the whole adoption of Fiat currencies by the Kick Ecosystem?
Crypto Craig — UK and Northern Ireland
As I said above, wire transfers are in our plans. We are considering adding fiat pairs as well, once we’ll release a wire transfers.
22. Staking
Staking of kicks [or any plans in 2022 or 2023]? When will a staking feature be introduced? And will the staking mean you earn kick coins?
Farai — South Africa Rod — Korea
Staking of KickToken, while it’s on Ethereum blockchain, is barely possible, or makes any sense. Staking KICK when it will move to our own blockchain — of course, but I can’t tell you when it will happen. Not soon.
There is an opportunity to send BNB token to staking on Binance. It helps to receive other coins. Will there be the same opportunity for KickToken on the KickEX, if so, when will it be realized?
Konstantin Smoliakov — Russia
Don’t think so.
23. Nasdaq
Hi Anti Danilevski.You mention several times about list $KICK on Nasdaq exchange. I know this is a difficult task, but let the community know your detailed plan.Good luck and success!
Nguyễn Địch Chính — Vietnam
Thank you! Perhaps, someday, it will happen. I’m looking into that direction for sure.
24. Mobile App
When is the mobile app coming out? Mobile version of the exchange? When will the Kickex Mobile App be launched? When will investors be able to buy and sell with the apps coming? In 2021 2022 or never? I believe in this project and want to be able to be part of the movement. What are the next releases?
Tony — Saint Lucia
Rod — Korea
Uzo Chimezie — Nigeria
Thomas Mihalyo — USA
Andres Parra — Peru
I know that everyone are waiting for the mobile apps. iOS version is being tested by the community right now, and you may participate, if there are places left (limited to 150 people, afaik). At the moment, we are working on adding a trading terminal to that app, and it looks really really nice already. So, the more actively you test it, the more bugs you’ll find and report, the faster it will be released!
Good morning. I would like to ask about application. When we gonna be able to download on Android? Thank You.
Karol Kozikowski — Poland
Android version is being fixed now. Some serious bugs are there still, but soon we’ll let community to test it as well.
I’m looking forward to the mobile app. Please tell me the best thing about this app. I also want to know the possibility of spreading from the app.
Kohji Matsumura — Japan
It’s amazingly cool and well designed, in my opinion. We spent almost six months on it’s design and usability. Some things are there yet to polish, but generally, it’s great. Furthermore, it’s not just a wallet and trading terminal, it will also have a KickICO campaigns and fundraising inside, news and a messenger. With time, we’ll turn it into a superapp, so you’ll be able to use it for NFC payments once we add Visa/MasterCard support into it, and develop it further into something really, really powerful and integrated with 3rd businesses. But I won’t tell you more at the moment, some things are our know-how.
Given that the Russians are weak in designing the soft appearance of the software, what is your plan to attract the audience?
ناصری رضا — Iran
I wouldn’t say that Russians are weak at design, no. And our app is a proof of it. You should really try testing an iOS version.
25. Price
Anti, obviously price is on everybody’s mind and careful watch. I understand you don’t have a crystal ball to predict the future price, but there are a lot of people that want to understand your view on the token price. What was the initial price the KICK Token launched?
Erik Peterson — United States
$0.08 during preICO, $0.1 during the ICO. We’ll get back to those numbers, eventually, and further.
What’s your strategy to help kick to go to its ATH and above, But also to avoid a big dump ?
Anyha — France
Our strategy is simple: developing our products that will form a huge demand for KICK, and burn KICK that we receive as commissions or payments within our ecosystem. The more traders and customers we’ll have, the faster it will be happening.
Will you eliminate the subsats when kick will go above 1 sat ?
Anayha — France
Of course. And I think it will happen soon, more or less.
Do you think Kick will go far if not listed in any of the major exchanges like Binance?
Uzo Chimezie — Nigeria
I think we’ll best Binance and KICK will go much further, and we are not dependent on anyone for doing so.
Please tell me if 0.01 is possible of this KICK Token with the current total supply being very big.
Mohd Sarvar — india
It’s a matter of time. Supply is not something constant, and it will decrease over a time.
What has caused the recent sharp rise in the price of kick token?
Chris Morton — UK and Northern Ireland
Hype and a just little recognition of KickEX and KICK globally by the people who understands what we do.
26. Burning
Good morning, My question is what is the kick token burning plan in future as per people always look low supply coin. And do u have any kick exchange apps launch plan also? Thanks. Hello Anti, due to the sudden surge in the circulation supply in 2018, it resulted into the huge price fall. Is KICK foundation planning for the coin burn? If yes, then when and how many coins? Thanks. Hi dev good work my question is… Do you think to burn some token kick? When will the token burn occur and how many tokens will be burnt?
Mukesh — Australia
Gaurav Kumar Singh — India
Jawad Gagarin — Morocco
Bailer — Australia
Yes, we have a plan to burn KickTokens. It is divided by four parts:
1. Burn of the tokens that were created for test purposes. It’s about 850 billions, or 85% of the current emission. It is planned (PLANNED, not guaranteed!) to do before end of 2021;
2. Burn of the frozen tokens. It will be possible only after Ethereum 2.0 is released, because with the current gas price cost to burn them is crazy high, thousands of USD. We’ll be slowly burning frozen tokens that weren’t unfrozen;
3. Burn of the KickTokens that we receive as a commissions in the ecosystem. At the moment, it’s not a big enough amount to do, but once it reach $100k-$1m, we’ll do a very nice burn. The more people are trading at KickEX and the more of them use KickTokens to pay commissions, the sooner it will happen;
4. A supersecret project that was developed not long ago, and we need to test it’s smart-contract. Hard to say how it will go, but it may explode (or not). We’ll release it soon, and it’s one of the surprises that nobody expect. So yes, we HAVE a burning strategy, and hopefully soon you’ll see it starting!
What is the burning address ? Where can we see kick token burned. 6 months ago , 11 address got 80 . 79.78… 70 bn kick Team never why those address added , and never say when they removed!
Farshid — Iran
Address is not released yet. I’m waiting for a larger amounts to be used as a commissions to make it public, that it would look good and powerful.
[Are] burning plans [already] in place? [If yes, why don’t we see the change in supply?]
Rod — Korea
It will start soon. We are collecting KickTokens for that, currently.
I understand that the bulk of listed Kick tokens were actually only created for internal and testing purposes and that the actual market supply is far lower. Will these ‘test tokens’ ever be burned?
Ian Curtis — UK and Northern Ireland
Yes, as I said above, we plan to burn them soon, and maybe sooner than you expect.
27. Buyback
Why haven’t already completed a buyback when the price was so low? Can you explain how the buyback works with the KICK Token, and when you plan on completing a buyback?
Erik Peterson — United States
We did one buyback, and it was not as interesting as I would like it to be. We have plans for the next, but as I have declared earlier, it will be done only when we’ll start earning serious money, and will have enough to waste on the burning. But I think we’ll see it soon enough, so you may expect that at any moment.
You attempted a small buyback in 2020 I believe, and the price dropped after that effort. Can you explain why?
Erik Peterson — United States
Buyback wasn’t aimed at the price growth, it was a way to attract new people at the recently launched KickEX, and it worked well and as planned. About the dump, I think sum of the buyback wasn’t big enough. To make it really effective, we would need either a bigger sum for buyback, or maybe a bigger number of traders, which we have now. We’ll be experimenting with buybacks further, and eventually we’ll find a best way to do it. Next one will be way more interesting and entertaining, too.
Are there advantages of a buyback over a burn for the KICK Token?
Erik Peterson — United States
I don’t think it’s a good idea to burn people’s tokens! So, to burn something, we need to buy it first, or to collect it first. Besides, buybacks are aimed on bringing people on the exchange, it’s a marketing mechanics from the beginning.
Any buyback plans for ICO investors?
Pablo C — Argentina
No, it would make an ICO tokens securities, so we can’t do that.
28. Supply & Circulation
Will you be reducing the total supply and circulation? This is another topic most talked about. Obviously the less tokens on the market, the greater the demand. Can you give us an understanding of your plan, and why it has taken this long to complete a burn?
Erik Peterson — USA
I think I’ve answered to this question right above. Yes, there is a strategy that will work, that already works, but on a small scale. The bigger KickEX is, the faster it will start to go.
What is Kick Total and circulation supply?
Malvin — USA
Real circulating supply is 126–127 billions. I hope that CMC will update their numbers eventually, because it shows just 58b, which is not correct number. We’ve sent them the form with a necessary data.
Anti, I always here people saying the “circulation supply” needs to be smaller, but I can never understand if it truly has an affect on the overall price of the Token today.
When I look at the top 100 coins reported today, first they too all had to start with a larger circulation supply number that eventually gradually was shaved off. They all started with huge supply numbers. I get it… This is a process of growth like all other tokens and coins, and KICK is no different, and I believe you’re already ahead of the game.
When I compare your Ecosystem and the exchange and other KICK products to DOGECOIN for example, I am shocked at the comparison, and how we really measure value in a cryptocurrency. It’s all perception on mainstream media, and so much of it is misguided in my opinion. When I look at Dogecoin at .12 cents with a circulation supply over 129 billion I really don’t see the concern nor any obstacle to any KICK price appreciation.
KICK is much more in value. Even the circulation supplies of VeChain, Tron, and many others are massive, and they too started off with bigger numbers, and yet these prices continue to rise. I really don’t see the concern nor any obstacle to any KICK price appreciation. The 85% burn is absolutley amazing. I think all this circulation supply talk is a misperception and a true misunderstanding.
What are your thoughts on this?
Erik Peterson — USA
I think it’s not a question, but a statement that I have only to agree with.
How much % of Kick is the Team owning right now ?
Malvin — USA
Yazzyl Vasquez — Dominican Republic
It’s a private information, but lesser than you think.
What is suspected supply after burning?
Ali — Algeria
Total liquid emission is 1 trillion, we’ll burn at the first stage 850 billions, so 25% will remain in circulation.
What is the total and max supply and exact circulation supply because one day all of sudden hidden supply should not come into live/exchanges? Thanks:)
Malvin S — USA
Total max supply is current, 1 trillion. There is no hidden supplies. And with the burn that is coming soon, it will be 150 billions, with 30 billions being reserved for different business purposes, marketing activities, etc. So, the real supply will remain the same as now — about 130b. If things will go as planned, this number will be decreasing — the more traders are using KickTokens as commissions, the sooner and faster it will happen.
Thank you for your questions. You’ve seen that we are stubborn, and that we do what we have promised. It will remain the same way. The most difficult part, development of our products, is behind now, and we are now growing. Keep supporting us, don’t FUD when there is a correction, believe and stay with us — and we all will be fine, happy and successful. Remember of our referral program, it was designed for YOU, so you’ll earn money with us by bringing more and more people to KickEX. And the more traders we have, the better for everyone, the faster things will develop, the sooner burns will happen, and the sooner you’ll buy your first (or not first) lambo! :)
Stay tuned for updates, exciting news ahead. Successful trades on KickEX exchange!
