Is Kok Coin Reputable Or Ponzi Rip-off?

Because the Virtual International is transferring on, the use of new Blockchain Generation founded Cryptocurrency is occurring. Cryptocurrency is a rather new solution to make investments and arrange our wealth someday.

On this virtual bull run, Kok Play is one form of Virtual Provider and likewise a cryptocurrency token, named Kok Play Coin.

Kok Play permits buyers and dealer to get admission to their virtual content material Platform and made an funding alternative and transaction with Kok Play Crypto Token.

Most definitely, for this sort of Virtual Provider and making an investment thru a Virtual Coin, some folks believe the KOK Play Provider sport to be a rip-off or some suppose, it’s actual.

Right here, on this researched content material, I will be able to evaluate 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 folks to get admission to their virtual content material. That is according to the newest Blockchain era the place folks can make investments and business their cash thru Kok Play coin.

KOK Play claims to be an absolutely decentralized virtual content material platform through operating with the motto: ‘Honest & Shared Virtual Contents Ecosystem Enabled through Blockchain and AI’.

Most commonly, the corporate specializes in virtual content material corresponding to reside streaming, video games, webtoon, tune, Ok-dramas, and flicks. Additionally, there may be the choice for on-line and offline buying groceries. There are 4 languages to be had at the website, English, Korean, Eastern, 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 developed into ERC-20. An ERC-20 token is an ordinary that governs the introduction and issuance of sensible contracts at the Ethereum blockchain.

The Guy in the back of KOK Play Coin

Mainly, There’s no details about who based the KOK Play challenge on its web page. However, As according to 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.

Be aware: Kok-play.io area used to be first registered in August 2019. The mother or father 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
CEO	Younger Cho
Began	2019
Merchandise and Services and products	Crypto Token & Virtual Content material Platform
Web site	https://kok-chain.io

How the KOK token works

The use of the KOK Play app in your Android or IOS cell phone, you are going to get get admission to to their setting the place the whole lot is in a single program and the app is used within the decentralized internet. The app has a KOK Token Mining characteristic together with get admission to to on-line video games, on-line buying groceries department stores, Wen Sequence declares, and many others.

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 no longer any retail merchandise or products and services. 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 month returns

As soon as 200% ROI is reached, associates wish to reinvest to proceed incomes.

How you can 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. If you do that, you’ll get started registration through coming into the specified main points and environment a password. Here’s 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 check in through 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 folks to earn more money to your pockets.

KOK Play Associate Ranks

As according to the reimbursement plan of Kok Play, it provides 9 associate ranks with other eligibility standards.

Stage	Standards
Associate	Join and spend money on KOK tokens
1 Superstar	5 at once beneficial folks
2 Stars	1 famous person each and every on 3 traces with 5 direct suggestions
3 Stars	2 stars each and every on 3 traces 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

Be aware: Be mindful, recruited associate contributors through you must 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 through becoming a member of folks as new associates

KOK Play will pay referral commissions the use of a Unilevel reimbursement construction that puts an associate on the most sensible of a Unilevel workforce.

• Recruit 1 Associate and Earn a 100% Referral Fee Charge at Stage 1 (In my opinion 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 folks one brings to the corporate, the extra one earns.

Referral commissions are paid as a proportion of KOK token returns paid day by day.  The extra folks join the corporate, the extra an associate can earn. Those commissions are usually calculated per month around the Unilevel workforce.

Technology Earnings

Technology Earnings or the mining praise is earned after staking a specific amount of cryptocurrency. On this Platform, the Kok Play cryptocurrency token is the same as the % of the USD price of the token deposit that will probably 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 month returns to in my view recruited associates.

Stage	Requirement
1 Superstar	1% Bonus
2 Stars	3% Bonus
3 Stars	3% Bonus
4 Stars	3p.cBonus
5 Stars	4% Bonus
6 Stars	5% Bonus
7 Stars	6% Bonus
8 Stars	10% Bonus

Is Kok Play Rip-off or Reputable?

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’s no attention-grabbing 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 Loose Model, Playstore, and AppStore.

Kim Kyung-Nam, a attorney on the Seoul-based ForYou prison company is opening in that Kok Play’s claims that it will overthrow “current media conglomerates and make massive income” have been “baseless’.

In keeping with a printed article in Korea Instances Day by day, The attorney claimed that Kok Play had to this point created simply 10 TV systems that may be “seen without cost on YouTube.” Kim added that it used to be “just a subject of time” ahead of buyers “go out and a run at the coin happens.” Kim Kyung-Nam concludes, Even this program will also be seen without cost on YouTube.” What is bound is that those that entered Coqcoin should break out now.”

About Corporate

As according to Linkedin, Kok Play Basis is positioned in Dubai. However, as according to their authentic, their executives are founded in South Korea. Additionally, their mother or father corporate, themedium.io used to be registered on October 15, 2018, which presentations, this can be a new group, no longer the outdated one. And, the mother or father corporate, Medium have additionally a Token title, MDM. As you’ll see on coinmarket.com, the Token isn’t so standard. In April 2022, Russian government say KOK PLAY is a pyramid scheme and their web page area has been deserted since.

Incomes Approach

These days of researching the corporate and writing the publish, the corporate has any services and products. So, how you’ll earn a living? The Associate of the corporate is earn a living through selling their becoming a member of club. When some purchase and sign up for the corporate through paying $100 or extra to the KOK Tokens, the associates will earn a living, not directly, indirectly. The corporate will give the volume in KOK Tokens, which you wish to have to interchange into greenbacks.

Reddit Put up

For the ones of you no longer very versed in crypto currencies, decentralized networks want folks to lend their pc processing energy to run the community. That is most often executed through providing rewards for contributing according to 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 as a rule.KOK fashions itself as an unique crypto get started up challenge with the be offering to shop for in “on the flooring flooring” because the gross sales pitch is going. You purchase in to get their tokens (which they do in fact 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 greatest crypto forex). They’re in point of fact simple to make, roughly like a telephone app, and are actually a dime a dozen at the present time (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 school 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.

Snorkle25

Professionals and Cons of KOK play

Professionals:

• 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 a number of products and services and funding alternatives.
• The Proportion of Fee is just right to earn.

Cons:

• They declare to rival Google Play and the Apple Retailer, however they’ve but to create their very own forex
• Kok Play seems like Pyramid Scheme. Since the primary income comes thru recruiting associate contributors.
• The founders are related to failed crypto scams.
• KOK play does no longer declare to be registered with any monetary regulator.

Conclusion

To Sum up the evaluate, after Examining those all details, I determined to stay KOK PLAY in Pink Zone. I’m hoping you will have noticed all about the true details of the corporate and its Token. Now, It relies on you, Do you want to sign up for or no longer? Should you say, what I will be able to do, My Solution is, I will be able to no longer sign up for the ones sorts of corporations or schemes.

Now, I wish to know you:

Have you ever already invested in Kok Play Coin? or fascinated by it?

Let me know within the remark phase now.

Assessment of alternative cash: