A supposed hard fork to KDC Coin has given rise to a new cryptocurrency in KDC-Cash. Ostensibly a virtual currency designed to act as a transactional currency, almost nothing is available by way of information regarding the ICO, except a few digital coin sites carrying a “press release” from KDC-Cash.
There is a possibility that this is a genuine project by developers who are simply not marketers – but the presentation is alarmingly poor and even the mandatory social media and whitepaper links and details of the team are a total blank online.
It’s thus possible that KDC-Cash inherited their understanding of a poorly-facilitated ICO from KDC, but even the links between the two are unclear. From the KDC-Cash website, it would appear that the new fork is designed to replace KDC Coin entirely.
The infrequently encountered press release starts by saying: “It’s raining this summer!” The release goes on to say that “KDC will undergo hard fork and it will result into a KDC Cash! This summer, all customers were planned to receive KDC Cash to celebrate its success. The fluctuation of KDC price is expected to become a remarkable coin this year[sic].”
Worrying for more astute investors who would avoid this kind of shambles, the language employed is as confusing as it is supposed to be edifying:
“The global blockchain network is scheduled to do its hard fork which is expected to a launch a new coin. This coin will take off on July 2018 which will get more decentralized, anonymous, and based on peer to peer network. These features will empower the ability to transfer assets online on the easiest way. In just one snap, the transaction is expected to be shown instantly, certain and definitely at the lowest cost.”
“Empowered with passion and the greatness of mind with cryptocurrency, this hard fork will result into more and more configurations that will not let you look for any other coins. KDC Cash aims to capture everyone with its unique features.”
The report concludes by saying: “Trade in. Buy in. Now will always be the best time cause tomorrow is never promised,” and anyone employing Louise Hay quotes should be avoided on principle.
Apart from the broad assertions in the “press release,” little is known about why exactly KDC-Cash would be an improvement on KDC. It appears that the developers have forked a virtual currency to enable faster transaction speeds, among other things, but it also appears as rank opportunism as the KDC ICO is still underway. There is no way of knowing what legitimacy – if any – KDC-Cash might have, much less improvement value at this stage.
KDC-Cash seem to be offering an enhanced version of KDC Coin. With that said, is seems to be a tenuous offer lacking in essential details.
In a telling omission from all available intel online, there is no mention of who might be responsible for the hard fork or other development of KDC-Cash. KDC-Cash is faceless, stateless, nameless for all intents and purposes, and untouchable because of it for any investor.
No information is available on when KDC-Cash started forking, although their ICO is set to run during 2018. All the KDC-Cash website says, in broken English, is that “Our Plan 2018 summer KDC willl be Fork and lounch KDC cash. All KDC custmer get KDC cash [sic].”
KDC-Cash, as stated, may well be a legitimate offer from people who have no idea of how to present an ICO, but the timing coinciding with KDC Coin’s ICO, the glaringly absent attention to basic reasonable expected and the relatively muted “press release” all point to either an incredibly sloppy project that has no business handling anyone’s money, or an outright scam, that has even less business handling other people’s money.
Our recommendation would be to steer clear of it, at least until such a time that its legitimacy is confirmed.