Lots of Ethereum wallet users have tokens that they hardly look at, most of these tokens are free airdrops.

However, KICK tokens suddenly skyrocketed in value and the crypto community started talking about them as some people held them over $600.

SECRET KICK TOkens

Since most of the crypto community doesn’t know about this token or what to do with it, the decision to sell it makes sense.

But unfortunately, it is not as easy as some think as no one can send free coins to any other platform or wallet.

Some Reddit users are speculating that these tokens are being distributed to collect KYC data of the crypto community.

Read:Learn about the impact of the “London” upgrade on the scarcity and supply of Ethereum

The “KICK” token cannot be traded on many cryptocurrency exchanges at the moment, and there is one platform that allows it to be traded, which is the original platform of the project.

By giving users these tokens, then prompting them to register and verify their identities.

That data can then be sold to the highest bidder offering which generally makes the situation unfavorable.

It seems that these KICK tokens can be transferred to the KuCoin platform as well, however there is not much demand for them from traders who help people to liquidate them against other currencies, which makes liquidation very difficult.

So the recently distributed KICK coins made a big fuss for no real reason.

Read:Vice Governor of the Central Bank of China “PBoC”: China considers cryptocurrencies as investment alternatives

So maybe in a week or two from now, most people will have forgotten about these recently distributed tokens.

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