Kok Play Review: Kok Coin is Legit or Scam?

If their claims are genuine and Medium really wants to revolutionize the industry, then wait for 1 more year then think of investment. Secondly, the recruitment-based commission is given to attract more investors. 100% sponsorship rewards are given on direct recruitment in Kok Tokens and it is compulsory to invest at least $100. Except for Young Choe , no active presence of other executives is found on different social media platforms.

Indeed, the ingenuity of this method became most apparent when the platform began facing its first legal troubles. As one of the 20 biggest cryptocurrencies by marketshare, by that time the bullish investment service had already expanded enough to attract the attention of the authorities. Followed by an investigation from the British Registrar of Companies served BitConnect with a strike-off notice, threatening What is KOK Coin to shut it down and dissolve its operation unless further action was taken. KOK PLAY is a decentralized digital content platform that was created through the combination of our AI, big data, and the blockchain technology, which is currently in the spotlight. After the legal issues from governments trying to shut them down BitConnect sent out a message to all members telling them not to worry and pull out.

KOK Coin Price Chart US Dollar (KOK/USD)

Egabelica_9848 — Like someone mentioned below regarding AR how it’s nonsense your predictions on AR I agree the same you have with link whic will be a… KOK PLAY, -play.io, is a sub-entity of SuperAcid Nexon is the parent Company of SuperAcid. The Company has burned the Coins “TWICE” already since January 2020. As the Coins run low and the value of KOK Coin increases in value, the interest members receive may and will drop.

• Cryptocurrencies work differently than liquid cash currency.
• This is considerably less than the 30% that centralized platforms charge, and improves the profitability of content providers.
• Keep in mind you must work on getting a promotion by star level.
• KOK release new tokens once a day to supply liquidity and provides new tokens to service providers and service facilitators at the rate they are holding in the entire staking pool.

A cryptocurrency or ICO whitepaper is the foundational document for that project. Companies that don’t offer whitepapers should be avoided at all costs. Make sure you read and analyze the whitepaper carefully. The reason given by them is, Kok Play is approved by the Chinese government and China only allows 1-level MLM Companies.

They want these Coins to compete against Bitcoin / Ethereum in the upcoming years. This is actually the most genius idea I ever heard of. Cryptocurrency works just like “COMPANY GIFT CARDS.” It’s free money and if the person forgets to redeem the gift card it’s even better for the Company since they get to keep the unused gift card balance. By KOK paying members out in KOK Coins means they haven’t touched and used their actual liquid cash assets in the Company to pay members out. This BCC coin worked very similar as a loan to the Company. When you purchase and hold BitConnect Coins in your BitConnect wallet, that amount is then treated by BitConnect as a loan, which in turn is used for investing in bitcoin.

“Kok” a

The Amount being staked “Principal Amount” will be paid out in KOK “Corresponding to USD Value” when terminating account. Only News Article I was able to find and read was about KClavis and Nexon investing into SuperAcid. Investment Companies “NEVER” invest in multi-level marketing companies. KClavis and other investment hedge fund companies usually “ONLY” invest in a “START UP” entity if they know the Return on Investment is “low-risk” and “high-return” with a minimum of a 10 year game plan. Otherwise, it’s too much of a risk for any large Investment Company to invest.

Abraham-wallace — The cyrpto market has being profitable for the pro who understand the crypto market structure. According to our predictions, this won’t happen in near future. Early investors are getting paid by the money of the new investors, Kok Play is a Ponzi scheme scam. There is no worthy retailable product available and people are paying for shit tokens that don’t have actual value. Unlike others, Nexon is a registered enterprise and has a real physical address.

Tokenomics data for this coin is currently unavailable.

Convert KOK to USD

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First, ‘content providers’ that supply content to the platform. Second, ‘service providers’ that provide computing powers to the platform. Third, ‘service facilitators’ that indirectly participate in platform services by staking on the network.

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It has a circulating supply of 0 KOK coins and a total supply of 5 Billion. If you are looking to buy or sell KOK, Huobi Global is currently the most active exchange. The Company pays members out in KOK Coins “VIRTUAL CURRENCY” that they created. Cryptocurrencies work differently than liquid cash currency. The Company “MUST” get rid of the KOK coins as fast, smart and efficiently as possible in order to make the value of the KOK Coins higher.

A few days later BitConnect deleted their website and application platform and everyone lost their money. Every Cryptocurrency Exchange Brokerage Companies removed BCC off their trading platforms immediately which created the BCC to crash. Divyesh Darji got caught and prosecuted while trying to run away to Dubai at the airport, along with his helpers. KOK PLAY is a decentralized digital content platform that was created through the combination of the AI, big data, and the blockchain technology.

Coinpaprika.com needs to review the security of your connection before proceeding. The lowest price for one KOK recorded in our base is $0.154 in Oct 2022, 1 month ago. Showing how wealth is distributed between all holders, for example, the top 10 richest addresses hold 99.56% of all available supply. The earliest trading data for KOK is on January of 2020 . Visit our currency converter page to convert KOK prices to currencies other than USD.

Please read through this carefully so you can understand the difference between Crypto Fraud / Ponzi Companies and KOK Play and I hope this helps you understand what to look for when researching corporations. The payout rate is automatically calculated based on the total staking pie, transaction demand, and market distribution. It is adjusted so that the total distribution volume can always converge in a certain number to stabilize the value of the token.

I used to be a Relationship Banker for a Top 10 Fortune 500 Bank and was the top banker receiving the MVP trophy award twice in a row for the entire South East Region back in 2013–2015. I had to understand and look at how the business operated and generated revenue and made sure they were profiting. Also, if you continued to mess up and cause a loss for the Company, you would get written up then terminated. That being said in the beginning I thought KOK Play was a scam since banks don’t pay that kind of interest on a CD account.

KOK Depth Chart

If bitcoin gains value, BitConnect makes a profit, a percentage of which is returned to you based on the size of your investment. (Sounds beautiful but WHAT HAPPENS IF BITCOIN GOES DOWN?) Yeah, It’s really not funny because too many people fell for this scam. They are claiming to launch digital content platforms using cryptocurrency and AI technology for the betterment of advertisers and creators.

Keep in mind you must work on getting a promotion by star level. If the person below you becomes a higher star level than you, you end up losing that line and only receive up to 10 generations from him. The Company is very smart and made it so that you can’t just sit and expect to get paid from the people below you. They used the 2 lined multi-level marketing ponzi / pyramid referral pay out compensation structure.

I found a suspicious medium post that first showed examples of crypto & MLM scams and later tried to prove Kok Play as not a Ponzi Scheme. KOK Token is based on ERC-20, they are claiming to launch their own coin and swap the current token with a new coin. There are mainly three types of rewards paid to the investors from the Kok Play Compensation Plan. This post will help you https://cryptolisting.org/ to understand, whether Kok Play is a genuine investment opportunity or an MLM Cryptocurrency scam. KOK Token is the key currency of the KOK ecosystem that can be used for payment, ownership, distribution, and compensation of content. MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.