KickEX gives no data on its web site about who owns or runs the corporate.
KickEX’s web site area (“kickex.com”) was first registered in 2014. The personal area registration was final up to date on Might twenty fourth, 2019.
On their official Fb web page, KickEX describes itself as a “monetary service in Moscow, Russia”.
KickEX seems to be a part of the KICK ecosystem, headed up by founder and CEO Anti A. Danilevski (proper).
Why this data isn’t disclosed on KickEX’s web site is unclear.
Previous to getting concerned in cryptocurrency Danilevski labored within the online game trade.
In 2015 Danilevski turned an angel investor for Whirl. He transitioned right into a Whirl Board Director in June 2017.
As per Danilevski’s LinkedIn profile, Whirl is
a socially pushed, “pay it ahead” crowdfunding platform constructed on the blockchain, designed to assist particular person initiatives, by way of mutual scalable assist.
This sounds so much like KickICO, the primary launched part of the KICK ecosystem.
On the time of publication Alexa ranks Whirl’s web site at over 2.3 million, which for a web-based enterprise is fairly useless.
To one of the best of my information Danilevski has no prior MLM expertise.
Learn on for a full evaluate of KickEX’s MLM alternative.
KickEX’s Merchandise
KickEX has no retailable services or products, with associates solely in a position to market KickEX affiliate membership itself.
KickEX affiliate membership gives entry to an in-house cryptocurrency trade.
KickEX’s Compensation Plan
KickEX associates earn commissions when downline associates pay trade buying and selling charges.
These commissions are paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned straight below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
KickEX caps payable unilevel workforce ranges at ten.
Commissions are paid out as a share of buying and selling charges generated throughout these ten ranges as follows:
- stage 1 (personally recruited associates) – 15%
- stage 2 – 10%
- stage 3 – 8%
- stage 4 – 6%
- stage 5 – 4%
- stage 6 – 3%
- stage 7 – 2%
- stage 8 – 1%
- ranges 9 and 10 – 0.5%
Plenty of recruitment bonuses (paid in KICK) are additionally provided. These promotions are operating until KickEX launches.
I haven’t included them right here as a result of they aren’t MLM associated and there’s no supplied KickEX launch date.
Becoming a member of KickEX
KickEX affiliate membership is free.
Conclusion
The MLM facet of KickEX is surprisingly official.
Customers enroll, use the trade and commissions are paid on trade buying and selling charges.
What you do on the trade has nothing to do with generated commissions, it’s purely primarily based on collected buying and selling charges.
The issue is what KickEX’s compensation plan is hooked up to.
KickEX started as KickICO again in 2017.
KICKICO is an ecosystem-based platform that gives everybody with a possibility to purchase tokens of latest groundbreaking initiatives of their early phases.
KickICO launched with its personal KICK token… which flopped.
KICK adopted your typical crypto shitcoin pump and dump trajectory.
It launched at a hyped 24.9 cents worth in late 2017 (early traders cashed out right here). KICK then dumped all through 2018 and 2019 to its all time low of $0.000062 in December 2019.
Issues have picked up over the previous two weeks or so, comparatively talking, to the present $0.000082 worth.
And that brings us to KickEX, which is the possible driver.
Compensation explanations on KickEX’s web site recommend referral commissions are paid in KICK token, or at the very least depend on them.
KickTokens will function a gas that’s used to obtain the referral rewards, be it in BTC, ETH or different currencies.
For every $1, $0,1 value of KickTokens can be deducted from the expense account.
KickEX associates having to purchase into KICK to withdraw commissions in all probability accounts for the current spike in exercise.
Once more not an issue in and of itself; KickEX seems to be a official sufficient trade, however that’s not the entire story.
The one measure of KICK token bagholders I used to be in a position to confirm was this from a KickICO November 2019 press-release:
The Frozen Drop can be distributed amongst 167,375 customers of the crypto trade in keeping with our magic algorithm, so there’s a risk that you’ll be the fortunate recipient of a few of 888,888 KickTokens.
We can not disclose how the algorithm works, however we will say that it takes under consideration many components, such because the energetic use of your Ethereum pockets, whether or not you have got moved funds in or out within the final 30 days and the variety of common tokens in your stability.
Magic algorithms apart (epic facepalm), there seems to be at the very least 167,375 KICK token bagholders.
What you’re basically shopping for into, the “Kick Ecosystem” because it’s referred to, is a group of people who find themselves determined to money out.
KICK when it comes to token worth isn’t going anyplace. Via buying and selling referral commissions, KickEX associates are being coaxed into utilizing KICK tokens.
Why? As a result of possibly that’ll briefly enhance the worth.
For the document there’s no purpose KickEX must cost “gas” for fee withdrawals. The one purpose they’ve set it up this fashion is to generate synthetic demand.
In abstract, if you wish to purchase into the KICK ecosystem and relieve early traders of their KICK tokens, by all means join KickEX and begin selling.
Simply know what you’re getting your self into, and doubtlessly anybody else you enroll.
On the finish of the day KICK is simply one other nugatory ethereum ERC-20 shitcoin. Somebody’s going to be left holding the bag…
Footnote: Anti A. Danilevski’s KICK ecosystem is to not be confused with KiK Interactive, who the SEC sued final yr for securities fraud.