While I was browsing Medium and reading up on Cryptocurrency news my attention was directed to an article about the Kayo Credits ICO (KAY). I’m not sure if it’s possible to inflate interaction on Medium in a fake way, but the article received a whopping 11 000 claps which mean people liked it.
Immediately it grabbed my attention, and I knew I had to investigate further into this initial coin offering to find out why I’ve never even heard about it before.
Now, it’s not like I’m the ICO guru around here and know every crypto project on the market, but it was slightly strange that Kayo Credits’ marketing seemed a bit lacking. Even more so since the token pre-sale is set to begin in less than 24 days.
Let’s take a closer look at what Kayo Credits is all about and if it might be worth investing in 2018.
It’s a blockchain based system for gamers to do all kinds of things like getting paid for playing games via esports/waging, trading of services/items within a game and monetization by advertisers all through one platform. Come to think of it; it does seem like a legit idea since gaming has become increasingly popular over the past couple of years with services like Twitch watched by millions of users.
I’m not the most technical person, and it’s safe to say that I don’t understand everything they are trying to achieve with the platform. I’m not saying it’s a bad idea, I do like it and plan to keep an eye on it and do more research.
I scrolled through the white paper, and it does seem that they provide useful information on the gaming industry, what the platform plans to achieve as well as the benefits to gamers, etc. However, I would have liked to read how they will achieve their goals and maybe even see a demonstration of the platform they want to create.
None the less the Kayo Credits (KAY) ICO has a hard cap of $30 million and a hard presale cap of $15 million and soft cap of $2 million. For the pre-sale, the minimum purchase amount is 1 ETH, and with the current market downturns, it’s just around $400.
Coming back to the marketing side of things I still feel that these guys will have to market their buts off to make this ICO successful which is probably why 25% of the pre-sale money goes towards marketing. Also, keep in mind, a lot of times the hyped up coins are the ones that provide the best return on your investment.
However, they do have over 5000 Facebook fans, 5000 Twitter followers and almost 5000 members of Telegram.
Might be that my lack of gaming knowledge and understanding of the project is limiting me from seeing the bigger picture.
I hope you enjoyed my short post and Kayo Credit review. I’ll be sure to keep you up on any developments. Head on over to their website and decide for yourself.