Many people are discussing Kick tokens on forums and blogs now. What is it? How to use these tokens? Are they worth investments? Many questions arise, and that’s quite understandable. Let’s start with the fact that a new cryptocurrency has already shown significant growth of +23.22% at the time of writing this post. Kick token’s market capitalization is $2,31B, and there is 125,68B KICK in circulation for now. Although the KickToken exchange rate is low now, it doesn’t mean its failure. It just reflects the general market situation.
While carrying out KickCoin’s ICO, over 10,000 participants were revealed. Those who have purchased KICK at that moment can make real money on them. Other interested users can buy new crypto when these tokens officially appear on the HitBTC platform.
What are Kick tokens used for? Within the parent KickICO platform, these tokens help crowdfunding projects and startups that lack their own budgets. In this way, valuable ideas get the chance for realization. Now, it’s crucial to figure out whether Kick tokens are really prospective.
Why Are Kick Tokens Still Alive and Promising?
Generally, this project supports the privacy and security of all transactions and provides low commissions. So, this is score one for KICK and all project components. Besides, by today’s standards, this token has lived a long life of three years. What are the reasons?
- It’s user-friendly and is easy to use.
- KickICO has a straightforward interface.
- No banks and other financial establishments are involved.
- Tokens are valid for all 12 services of KickICO that work both in synergy and separately.
- A full-fledged multi-functional KICKWALLET is used in the KICK network.
- KickWallet allows online stores to accept payments in cryptocurrency.
- One can carry out all operations through mobile devices (KickMobile).
So, Kick tokens and its native ICO is a quality model for settlements of the investment transaction.
Is It Possible to Benefit from Kick Tokens? Potential Profit and Value
Many people doubt investing in Kick tokens mainly because of decreases in cryptocurrency marketplaces. Of course, just a few projects will survive in such circumstances. In addition, KICK is not very popular among miners since it doesn’t generate significant income to date. Other competitive cryptocurrencies also affect the situation. In addition, Kick tokens focus on small projects only. Now, let’s overview positive moments to see whether they overweigh issues.
Recently, the KickEX cryptocurrency exchange has made some improvements profitable for KICK owners. First, no new tokens will be issued. Then, the token will automatically burn during every transaction. Finally, the part of forwarded Kick tokens is distributed between all KICK holders. It means that they will receive interest from each transaction made within KickICO. Voilà, long-awaited staking is onboard!
All these changes are implemented as components of a deflationary model. It is assumed that it will be even more efficient because of the burning and elimination of 95% of all Kick tokens. In this way, it’s not getting very profitable to sell crypto. It will be more reasonable to save coins from a longer-term perspective.
So, both cons and pros are meaningful. However, since much depends on the market and KickICO’s successful development, it’s better to analyze trends independently. For example, the cryptocurrency list price LetsExchange will be helpful to track valid rates.
