Is Kok Coin Reliable Or Ponzi Rip-off?
Table of Contents
Because the Virtual International is transferring on, the use of new Blockchain Generation founded Cryptocurrency is happening. Cryptocurrency is a reasonably new option to make investments and set up our wealth one day.
On this virtual bull run, Kok Play is one form of Virtual Carrier and likewise a cryptocurrency token, named Kok Play Coin.
Kok Play permits traders and dealer to get right of entry to their virtual content material Platform and made an funding alternative and transaction with Kok Play Crypto Token.
Most definitely, for this kind of Virtual Carrier and making an investment thru a Virtual Coin, some other folks believe the KOK Play Carrier recreation to be a rip-off or some suppose, it’s actual.
Right here, on this researched content material, I will be able to overview What the KOK Play Corporate is all about if it is an MLM Cryptocurrency Rip-off or Original Crypto Funding Token.
What’s Kok Play?
“KOK” stands for Keystone of Alternative and Wisdom. Kok Play supplies a virtual content material platform that permits other folks to get right of entry to their virtual content material. That is in keeping with the newest Blockchain era the place other folks can make investments and industry their cash thru Kok Play coin.
KOK Play claims to be a completely decentralized virtual content material platform via operating with the motto: ‘Truthful & Shared Virtual Contents Ecosystem Enabled via Blockchain and AI’.
Most commonly, the corporate specializes in virtual content material similar to reside streaming, video games, webtoon, tune, Ok-dramas, and flicks. Additionally, there could also be the choice for on-line and offline buying groceries. There are 4 languages to be had at the web site, English, Korean, Jap, and Chinese language.
The Kok token base DApp is controlled at the blockchain. Some declare that it’s NFT (Non-Fungible Tokens). NFTs are used to promote or public sale virtual items and artifacts.
The KOK token is indexed on Coinmarketcap as proven within the chart. It’s ranked 621 within the international marketplace. It advanced into ERC-20. An ERC-20 token is a normal that governs the introduction and issuance of good contracts at the Ethereum blockchain.
The Guy in the back of KOK Play Coin
Mainly, There is not any details about who based the KOK Play mission on its web page. However, As consistent with the White Paper of KOK Play, Younger Cho is the CEO, Kiwoon Baik is the Vice Chairman.
Andrew Park is the CSO, and Yongseok Kwon is the CTO of Kok Play.
Observe: Kok-play.io area used to be first registered in August 2019. The mum or dad corporate of Kok Play is Medium inc. whose area is themedium.io used to be registered on 15 October 2018.
Kok Play Corporate Profile
|Corporate Identify||KOK Play|
|Merchandise and Services and products||Crypto Token & Virtual Content material Platform|
How the KOK token works
The usage of the KOK Play app in your Android or IOS cell phone, you’re going to get get right of entry to to their surroundings the place the entirety is in a single program and the app is used within the decentralized internet. The app has a KOK Token Mining function together with get right of entry to to on-line video games, on-line buying groceries shops, Wen Sequence publicizes, and so on.
Associates can generate further income thru promoting video games, buying groceries portal charges, and normal KOK token transaction charges. This token operates at the base DApp blockchain and NFT which is USD to promote or public sale virtual items and artifacts.
KOK Play’s Services
Kok Play has now not any retail merchandise or services and products. Associates of Kok Play marketplace KOK Associate Memberships to others.
There are 3 to be had funding plans:
- Purchase $100 – $1499, and get a three% go back monthly
- Purchase $1500 – $9999, and get a 5% go back monthly
- Purchase $10,000 or extra, earn 7% per thirty days returns
As soon as 200% ROI is reached, associates wish to reinvest to proceed incomes.
Tips on how to Sign up for Kok Play
To sign up for this virtual content material platform, all you wish to have to do is set up the Kok Play Android or iOS app. When you do that, you’ll get started registration via getting into the specified main points and environment a password. This is the step-by-procedure for Sign up for Kok Play.
- Step #1: Set up the Kok Play app in your Telephone.
- Step #2: Input the specified main points and sign in via environment a password.
- Step #3:Deposit at least $100 to start out mining. It may be deposited into the pockets with BTC, ETH, or USDT.
- Step #4: After Deposit cash and get started mining and Invite extra other folks to earn more money on your pockets.
KOK Play Associate Ranks
As consistent with the repayment plan of Kok Play, it gives 9 associate ranks with other eligibility standards.
|Associate||Join and put money into KOK tokens|
|1 Big name||5 immediately beneficial other folks|
|2 Stars||1 superstar every on 3 strains with 5 direct suggestions|
|3 Stars||2 stars every on 3 strains with 10 direct suggestions and over $30000 in referral quantity|
|4 Stars||recruit 3 3 Stars|
|5 Stars||recruit 3 4 Stars|
|6 Stars||recruit 3 3 Stars|
|7 Stars||recruit 3 5 Stars|
|8 Stars||recruit 3 6 Stars|
Observe: Take note, recruited associate individuals via you will have to even have lively investments incomes a day by day ROI to depend against rank eligibility.
Kok Play Reimbursement Plan
1. Referral Commissions
Referral commissions are earned via becoming a member of other folks as new associates
KOK Play will pay referral commissions the use of a Unilevel repayment construction that puts an associate on the best of a Unilevel workforce.
- Recruit 1 Associate and Earn a 100% Referral Fee Charge at Stage 1 (Individually Recruited Associate).
- Recruit 2 associates and earn 100% at point 1 and 20% at point 2.
- Recruit 3 associates and earn 100% at point 1, 20% at point 2, and 10% at point 3.
- Recruit 4 associates and earn 100% on point 1, 20% on point 2, and 10% on ranges 3 and four.
- Recruit 5 associates and earn 100% on point 1, 20% on point 2, and 10% on ranges 3 to five.
- Recruit 6 associates and earn 100% on point 1, 20% on point 2, 10% on ranges 3 to five, and 5% on point 6.
- Recruit 7 associates and earn 100% on point 1, 20% on point 2, 10% on ranges 3 to five, and 5% on ranges 6 and seven.
- Recruit 8 associates and earn 100% on point 1, 20% on point 2, 10% on ranges 3 to five, and 5% on ranges 6 to eight.
- Recruit 9 associates and earn 100% on point 1, 20% on point 2, 10% on ranges 3 to five, and 5% on ranges 6 to 9.
- Recruit 10 associates and earn 100% on point 1, 20% on point 2, 10% on ranges 3 to five, and 5% on ranges 6 to ten.
The extra other folks one brings to the corporate, the extra one earns.
Referral commissions are paid as a share of KOK token returns paid day by day. The extra other folks join the corporate, the extra an associate can earn. Those commissions are most often calculated per thirty days around the Unilevel workforce.
Technology Earnings or the mining praise is earned after staking a certain quantity of cryptocurrency. On this Platform, the Kok Play cryptocurrency token is the same as the % of the USD worth of the token deposit that will likely be paid as a praise. Those commissions are paid on workforce ranges.
|Stage||Staked quantity||Praise Proportion|
|3 Stars||$100 or extra||3%|
|4 Stars||$1,500 or extra||5%|
|5 Stars||$10,000 or extra||10%|
Associate ROI Fee
Through Making an investment $300 or extra, Bonus fee charges are paid on per thirty days returns to in my view recruited associates.
|1 Big name||1% Bonus|
|2 Stars||3% Bonus|
|3 Stars||3% Bonus|
|5 Stars||4% Bonus|
|6 Stars||5% Bonus|
|7 Stars||6% Bonus|
|8 Stars||10% Bonus|
Is Kok Play Rip-off or Reliable?
Merchandise And Services and products
The corporate has virtual content material platforms the use of cryptocurrency and AI era for the betterment of advertisers and creators. However, in truth, there is not any fascinating distinctive high quality content material at the platform. Basically it presentations the ones movies, dramas, and Video games which are simply to be had on Youtube Unfastened Model, Playstore, and AppStore.
Kim Kyung-Nam, a legal professional on the Seoul-based ForYou felony company is opening in that Kok Play’s claims that it will overthrow “current media conglomerates and make large earnings” have been “baseless’.
In line with a printed article in Korea Instances Day-to-day, The legal professional claimed that Kok Play had up to now created simply 10 TV systems that may be “seen totally free on YouTube.” Kim added that it used to be “just a topic of time” sooner than traders “go out and a run at the coin happens.” Kim Kyung-Nam concludes, Even this program will also be seen totally free on YouTube.” What is bound is that those that entered Coqcoin will have to get away now.”
As consistent with Linkedin, Kok Play Basis is positioned in Dubai. However, as consistent with their authentic, their executives are founded in South Korea. Additionally, their mum or dad corporate, themedium.io used to be registered on October 15, 2018, which presentations, this can be a new group, now not the outdated one. And, the mum or dad corporate, Medium have additionally a Token identify, MDM. As you’ll see on coinmarket.com, the Token isn’t so fashionable. In April 2022, Russian government say KOK PLAY is a pyramid scheme and their web page area has been deserted since.
These days of researching the corporate and writing the put up, the corporate has any services and products. So, how you’ll earn cash? The Associate of the corporate is earn cash via selling their becoming a member of club. When some purchase and sign up for the corporate via paying $100 or extra to the KOK Tokens, the associates will earn cash, not directly, indirectly. The corporate will give the volume in KOK Tokens, which you wish to have to interchange into bucks.
For the ones of you now not very versed in crypto currencies, decentralized networks want other folks to lend their laptop processing energy to run the community. That is most often completed via providing rewards for contributing in keeping with how a lot you give a contribution to the community within the forex of that community. This procedure is referred to as mining and is beautiful not unusual however isn’t an overly profitable industry more often than not.KOK fashions itself as an unique crypto get started up mission with the be offering to shop for in “on the flooring ground” because the gross sales pitch is going. You purchase in to get their tokens (which they do if truth be told have an ERC-20 token). An ERC-20 token is a coin this is made on and run at the Ethereum community (the second one biggest crypto forex). They’re truly simple to make, more or less like a telephone app, and are actually a dime a dozen at the moment (there are like 2-3k erc-20 tokens).The rip-off then combines a ponzi scheme disguised as “crypto mining” with a pyramid scheme ala just right old style multi-level advertising and marketing. The place the extra you recruit the upper your passive rewards within the ponzi scheme is going. Charges are excessively too top from 3-7% monthly (36-84% APY) and going as much as 200% monthly. Which is grossly over the top for a passive source of revenue crypto staking program, particularly one thats centralized and has no customers or community customers but.
Execs and Cons of KOK play
- Founders of the Kok Play appear to be skilled in Generation Box and appear to be well-dedicated.
- Kok Play has a Virtual COnetnt platform that says to supply quite a few services and products and funding alternatives.
- The Proportion of Fee is just right to earn.
- They declare to rival Google Play and the Apple Retailer, however they have got but to create their very own forex
- Kok Play seems like Pyramid Scheme. For the reason that major income comes thru recruiting associate individuals.
- The founders are related to failed crypto scams.
- KOK play does now not declare to be registered with any monetary regulator.
To Sum up the overview, after Examining those all info, I made up our minds to stay KOK PLAY in Crimson Zone. I’m hoping you have got noticed all about the true info of the corporate and its Token. Now, It depends upon you, Do you want to enroll in or now not? If you happen to say, what I will be able to do, My Resolution is, I will be able to now not sign up for the ones types of firms or schemes.
Now, I wish to know you:
Have you ever already invested in Kok Play Coin? or desirous about it?
Let me know within the remark segment now.
Evaluation of different cash:
A Blogger, Trade Analyst! Somraj Mondal is Intensive enjoy in search engine optimization and inspecting Several types of Companies, Corporations, and new strategies of Advertising. Fountainhead of Noni4all, Virtual Advertising and likewise Python Programming.