On September 1, the KickEX exchange will buy back KICK at a price of $0.00015 per token

The crucial details and the mechanics of the very first KickToken buyback on the KickEX exchange

How does the buyback work?

The KickEX exchange buys back orders for sale with the KICK token at a price, not higher than $0.00015. The uniqueness of this redemption is in its fair mechanics — absolutely every participant who puts KICK tokens for sale in the KICK / USDT pair will be able to sell all or at least part of their tokens, provided their order is relatively small. Only limit orders will be redeemed.

How do I get involved?

  1. Register on the KickEX exchange and go through KYC verification (usually takes 2–3 minutes);
  2. Deposit KICK (KickToken) or another cryptocurrency if you wish to buy KickTokens;
  3. Place a limit order to sell the tokens in the KICK/USDT pair (market and stop orders, including trailing stop, will not be triggered). A sell order can be placed until 11:59 (UTC) September 1, 2020, that is, almost until the very last moment before the buyback order is triggered on the exchange.
  4. Part or all of your order will be automatically filled at a price equal to or less than $0.00015 at 12:00 UTC.
  • During the period of the buyback, the previously placed stop loss orders for the KICK/USDT pair will not be active for all users.
  • Starting from 11:59 (utc) and till the end of the buyback, users who have not passed KYC will not be able to place any type of orders, and stop orders will be inactive for all users.
  • For users without completed KYC, any orders during the buyback period will not be executed.
  • In case of unforeseen situations, the buyback procedure can be carried out with an increase in the time interval until the required result is achieved.

What will happen to the repurchased KickTokens?

The redeemed tokens will be removed from circulation and frozen forever — in practical terms, burned. Tokens are not intentionally burned so that there is no negative impact on the capitalization of the KICK token, and does not impact the token’s position in rankings. Perhaps later these tokens will be burned when their liquidation will not affect its ranking position. The results will be as transparent as possible and full details of the results will be published on our official website.

Participate in buyback!

Sincerely yours,

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