Because the Digital World is transferring on, the utilization of latest Blockchain Know-how primarily based Cryptocurrency is occurring. Cryptocurrency is a comparatively new strategy to make investments and handle our wealth sooner or later.
On this digital bull run, Kok Play is one kind of Digital Service and likewise a cryptocurrency token, named Kok Play Coin.
Kok Play permits buyers and dealer to entry their digital content material Platform and made an funding alternative and transaction with Kok Play Crypto Token.
In all probability, for the sort of Digital Service and investing by a Digital Coin, some individuals take into account the KOK Play Service sport to be a rip-off or some assume, it’s actual.
Right here, on this researched content material, I’ll overview What the KOK Play Firm is all about whether or not it’s an MLM Cryptocurrency Rip-off or Genuine Crypto Funding Token.
What’s Kok Play?
“KOK” stands for Keystone of Alternative and Information. Kok Play offers a digital content material platform that permits individuals to entry their digital content material. That is primarily based on the most recent Blockchain know-how the place individuals can make investments and commerce their cash by Kok Play coin.
KOK Play claims to be a totally decentralized digital content material platform by working with the motto: ‘Truthful & Shared Digital Contents Ecosystem Enabled by Blockchain and AI’.
Principally, the corporate focuses on digital content material reminiscent of stay streaming, video games, webtoon, music, Ok-dramas, and films. Furthermore, there may be additionally the choice for on-line and offline purchasing. There are 4 languages out there on the location, English, Korean, Japanese, and Chinese language.
The Kok token base DApp is managed on the blockchain. Some declare that it’s NFT (Non-Fungible Tokens). NFTs are used to promote or public sale digital items and artifacts.
The KOK token is listed on Coinmarketcap as proven within the chart. It’s ranked 621 within the world market. It developed into ERC-20. An ERC-20 token is a typical that governs the creation and issuance of sensible contracts on the Ethereum blockchain.
The Man behind KOK Play Coin
Mainly, There is no such thing as a details about who based the KOK Play mission on its web site. However, As per 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 was first registered in August 2019. The guardian firm of Kok Play is Medium inc. whose area is themedium.io was registered on 15 October 2018.
Kok Play Firm Profile
| Firm Title | KOK Play |
| CEO | Younger Cho |
| Began | 2019 |
| Merchandise and Companies | Crypto Token & Digital Content material Platform |
| Web site | https://kok-chain.io |
How the KOK token works
Utilizing the KOK Play app in your Android or IOS cell phone, you’re going to get entry to their surroundings the place all the things is in a single program and the app is used within the decentralized internet. The app has a KOK Token Mining characteristic together with entry to on-line video games, on-line purchasing malls, Wen Sequence broadcasts, and so on.
Associates can generate further income by promoting video games, purchasing portal charges, and normal KOK token transaction charges. This token operates on the bottom DApp blockchain and NFT which is USD to promote or public sale digital items and artifacts.
KOK Play’s Services and products
Kok Play has not any retail services or products. Associates of Kok Play market KOK Affiliate Memberships to others.
There are three out there funding plans:
- Purchase $100 – $1499, and get a 3% return monthly
- Purchase $1500 – $9999, and get a 5% return monthly
- Purchase $10,000 or extra, earn 7% month-to-month returns
As soon as 200% ROI is reached, associates have to reinvest to proceed incomes.
The way to Be part of Kok Play
To hitch this digital content material platform, all you’ll want to do is set up the Kok Play Android or iOS app. When you do that, you can begin registration by getting into the required particulars and setting a password. Right here is the step-by-procedure for Be part of Kok Play.
- Step #1: Set up the Kok Play app in your Telephone.
- Step #2: Enter the required particulars and register by setting a password.
- Step #3:Deposit a minimal of $100 to begin mining. It may be deposited into the pockets with BTC, ETH, or USDT.
- Step #4: After Deposit cash and begin mining and Invite extra individuals to earn more money in your pockets.
KOK Play Affiliate Ranks
As per the compensation plan of Kok Play, it provides 9 affiliate ranks with completely different eligibility standards.
| Degree | Standards |
| Affiliate | Join and spend money on KOK tokens |
| 1 Star | 5 instantly really helpful individuals |
| 2 Stars | 1 star every on 3 traces with 5 direct suggestions |
| 3 Stars | 2 stars every on 3 traces with 10 direct suggestions and over $30000 in referral quantity |
| 4 Stars | recruit three 3 Stars |
| 5 Stars | recruit three 4 Stars |
| 6 Stars | recruit three 3 Stars |
| 7 Stars | recruit three 5 Stars |
| 8 Stars | recruit three 6 Stars |
Observe: Take into accout, recruited affiliate members by you must also have lively investments incomes a every day ROI to rely in direction of rank eligibility.
Kok Play Compensation Plan
1. Referral Commissions
Referral commissions are earned by becoming a member of individuals as new associates
KOK Play pays referral commissions utilizing a Unilevel compensation construction that locations an affiliate on the prime of a Unilevel workforce.
- Recruit 1 Affiliate and Earn a 100% Referral Fee Fee at Degree 1 (Personally Recruited Affiliate).
- Recruit 2 associates and earn 100% at stage 1 and 20% at stage 2.
- Recruit 3 associates and earn 100% at stage 1, 20% at stage 2, and 10% at stage 3.
- Recruit 4 associates and earn 100% on stage 1, 20% on stage 2, and 10% on ranges 3 and 4.
- Recruit 5 associates and earn 100% on stage 1, 20% on stage 2, and 10% on ranges 3 to five.
- Recruit 6 associates and earn 100% on stage 1, 20% on stage 2, 10% on ranges 3 to five, and 5% on stage 6.
- Recruit 7 associates and earn 100% on stage 1, 20% on stage 2, 10% on ranges 3 to five, and 5% on ranges 6 and seven.
- Recruit 8 associates and earn 100% on stage 1, 20% on stage 2, 10% on ranges 3 to five, and 5% on ranges 6 to eight.
- Recruit 9 associates and earn 100% on stage 1, 20% on stage 2, 10% on ranges 3 to five, and 5% on ranges 6 to 9.
- Recruit 10 associates and earn 100% on stage 1, 20% on stage 2, 10% on ranges 3 to five, and 5% on ranges 6 to 10.
The extra individuals one brings to the corporate, the extra one earns.
Referral commissions are paid as a proportion of KOK token returns paid every day. The extra individuals join the corporate, the extra an affiliate can earn. These commissions are sometimes calculated month-to-month throughout the Unilevel workforce.
Era Income
Era Income or the mining reward 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 worth of the token deposit that might be paid as a reward. These commissions are paid on workforce ranges.
| Degree | Staked quantity | Reward Share |
| 3 Stars | $100 or extra | 3% |
| 4 Stars | $1,500 or extra | 5% |
| 5 Stars | $10,000 or extra | 10% |
Affiliate ROI Fee
By Investing $300 or extra, Bonus fee charges are paid on month-to-month returns to personally recruited associates.
| Degree | Requirement |
| 1 Star | 1% Bonus |
| 2 Stars | 3% Bonus |
| 3 Stars | 3% Bonus |
| 4 Stars | 3percentBonus |
| 5 Stars | 4% Bonus |
| 6 Stars | 5% Bonus |
| 7 Stars | 6% Bonus |
| 8 Stars | 10% Bonus |
Is Kok Play Rip-off or Legit?
Merchandise And Companies
The corporate has digital content material platforms utilizing cryptocurrency and AI know-how for the betterment of advertisers and creators. However, in actuality, there is no such thing as a fascinating distinctive high quality content material on the platform. Primarily it exhibits these movies, dramas, and Video games which might be simply out there on Youtube Free Model, Playstore, and AppStore.
Kim Kyung-Nam, a lawyer on the Seoul-based ForYou authorized agency is opening in that Kok Play’s claims that it will overthrow “current media conglomerates and make large earnings” have been “baseless’.
Based on a broadcast article in Korea Instances Every day, The lawyer claimed that Kok Play had to date created simply 10 TV applications that is also “seen without spending a dime on YouTube.” Kim added that it was “solely a matter of time” earlier than buyers “exit and a run on the coin happens.” Kim Kyung-Nam concludes, Even this program could be seen without spending a dime on YouTube.” What is definite is that those that entered Coqcoin should escape now.”
About Firm
As per Linkedin, Kok Play Basis is situated in Dubai. However, as per their official, their executives are primarily based in South Korea. Furthermore, their guardian firm, themedium.io was registered on October 15, 2018, which exhibits, it’s a new group, not the outdated one. And, the guardian firm, Medium have additionally a Token identify, MDM. As you’ll be able to see on coinmarket.com, the Token shouldn’t be so fashionable. In April 2022, Russian authorities say KOK PLAY is a pyramid scheme and their web site area has been deserted since.
Incomes Technique
In the intervening time of researching the corporate and writing the publish, the corporate has any services and products. So, how one can earn cash? The Affiliate of the corporate is earn cash by selling their becoming a member of membership. When some purchase and be a part of the corporate by paying $100 or extra to the KOK Tokens, the associates will earn cash, not directly, in a roundabout way. The corporate will give the quantity in KOK Tokens, which you’ll want to alternate into {dollars}.
Reddit Put up
For these of you not very versed in crypto currencies, decentralized networks want individuals to lend their laptop processing energy to run the community. That is normally accomplished by providing rewards for contributing primarily based on how a lot you contribute to the community within the forex of that community. This course of is called mining and is fairly frequent however shouldn’t be a really profitable enterprise more often than not.KOK fashions itself as an unique crypto begin up mission with the provide to purchase in “on the floor flooring” because the gross sales pitch goes. You purchase in to get their tokens (which they do even have an ERC-20 token). An ERC-20 token is a coin that’s made on and run on the Ethereum community (the second largest crypto forex). They’re very easy to make, form of like a telephone app, and are actually a dime a dozen as of late (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 good quaint multi-level advertising. The place the extra you recruit the upper your passive rewards within the ponzi scheme goes. Charges are excessively too excessive from 3-7% monthly (36-84% APY) and going as much as 200% monthly. Which is grossly extreme for a passive earnings crypto staking program, particularly one thats centralized and has no customers or community customers but.
Snorkle25
Execs and Cons of KOK play
Execs:
- Founders of the Kok Play appear to be skilled in Know-how Area and appear to be well-dedicated.
- Kok Play has a Digital COnetnt platform that claims to supply a wide range of companies and funding alternatives.
- The Share of Fee is nice 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 appears like Pyramid Scheme. As a result of the principle income comes by recruiting affiliate members.
- The founders are related to failed crypto scams.
- KOK play doesn’t declare to be registered with any monetary regulator.
Conclusion
To Sum up the overview, after Analyzing these all details, I made a decision to maintain KOK PLAY in Crimson Zone. I hope you’ve gotten seen all about the true details of the corporate and its Token. Now, It will depend on you, Would you want to hitch or not? In case you say, what I’ll do, My Reply is, I cannot be a part of these sorts of firms or schemes.
Now, I need to know you:
Have you ever already invested in Kok Play Coin? or fascinated by it?
Let me know within the remark part now.
Overview of different cash:
A Blogger, Enterprise Analyst! Somraj Mondal is Intensive expertise in web optimization and analyzing Various kinds of Companies, Firms, and new strategies of Advertising. Fountainhead of Noni4all, keen about Digital Advertising and likewise Python Programming.
