On September 1, the KickEX Exchange Will Buy Back KICK at a Price of $0.00015 per Token
Aug 31, 2020 at 08:05 //
News
Just a few days left until the start!
On September 1, 2020 at 12:00 (UTC), the KickEX cryptocurrency exchange will buyback KICK tokens (KickToken) worth a total of $100,000 at a price equal to or less than $0.00015 per token. The buyback will be carried out only on the KickEX exchange and according to specific conditions. To participate in the buyback, token holders must register on the KickEX exchange, successfully pass KYC and place a limit order to sell KICK in the KICK/USDT pair in the 24 hour period before 12:00 (UTC) on September 1, 2020.
How does the buyback work? The KickEX exchange buys back orders for sale with the KICK token at a price, not higher than $0.00015. The uniqueness of this redemption is in its fair mechanics — absolutely every participant who puts KICK tokens for sale in the KICK / USDT pair will be able to sell all or at least part of their tokens, provided their order is relatively small. Only limit orders will be redeemed.
Date and time: On September 1, 2020 at 12:00 (UTC), a buyback order will be triggered, and KICK tokens put up for sale in the KICK/USDT pair at a price equal to or less than $0.00015, will be bought in equal shares.
How to get involved?
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Register on the KickEX exchange and go through KYC verification (usually takes 2-3 minutes);
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Deposit KICK (KickToken) or another cryptocurrency if you wish to buy KickTokens;
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Place a limit order to sell the tokens in the KICK/USDT pair (market and stop orders, including trailing stop, will not be triggered). A sell order can be placed until 11:59 (UTC) September 1, 2020, that is, almost until the very last moment before the buyback order is triggered on the exchange.
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Wait. Part or all of your order will be automatically filled at a price equal to or less than $0.00015 at 12:00 UTC.
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Ready! Your KickTokens are bought back.
Learn more about the buyback details
What will happen to the repurchased KickTokens? The redeemed tokens will be removed from circulation and frozen forever — in practical terms, burned. Tokens are not intentionally burned so that there is no negative impact on the capitalization of the KICK token, and does not impact the token’s position in rankings. Perhaps later these tokens will be burned when their liquidation will not affect its ranking position. The results will be as transparent as possible and full details of the results will be published on our official website.
This buyback will be the first in a series of KICK token buybacks to be carried out on the KickEX exchange and is specifically implemented for a small amount, as this is an experimental buyback of tokens and a test of the mechanism. Each time the buyback mechanics will change, improve, and target different audiences: holders of a small volume of tokens, “whales” of the KICK token and newcomers. Each new buyback will be more interesting, technologically advanced and better than the previous one. You can follow the news and announcements of new token buybacks on the KickEX exchange.
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OhNoCryptocurrency via https://www.ohnocrypto.com/ @coinidol.com By Guest Author, @Khareem Sudlow