What Is Kibho Coin? Is It Real Or Fake-Scam Review
Explore the reality of Kibho Coin: Is it a genuine investment or a potential scam? Detailed analysis, history, and predictions revealed
Today, we shall try to learn about the Kibho coin—whether it is real or fake and whether we should invest in it. The cryptocurrency space is a dynamic environment, witnessing the introduction of numerous new crypto assets. While established ones like Bitcoin (BTC) and Ether (ETH) have a solid foundation and history, there is no shortage of crypto coins introduced with the primary intention of deceiving unsuspecting investors. These fraudulent crypto assets often embark on an advertising blitz, and inexperienced investors can be swayed by enticing promises of returns, only to end up being deceived.
Cautionary Note: Prior to engaging in any cryptocurrency investment, exercise prudence by conducting comprehensive research and understanding the intricacies of the particular cryptocurrency. Cryptocurrency investments are subject to market volatility and inherent risks. It is imperative to be well-informed, considering factors such as project background, market trends, and the technology behind the cryptocurrency. Failure to do so may result in substantial financial losses. This disclaimer emphasizes the necessity for investors to exercise due diligence and make informed decisions to navigate the unpredictable nature of the cryptocurrency market effectively.
To understand every aspect of a new crypto asset, one must conduct thorough research, which includes scrutinizing social media sites such as Twitter, YouTube, and LinkedIn. It is essential to examine the asset’s history, the backgrounds of its founders, and corporate office locations, and verify whether the company is registered.
Kibho Company Details
Kibho Company utilizes Multi-Level Marketing (MLM) to promote and sell its products and services. The company was inaugurated on May 28, 2020, and is registered under the name Bmmu and Kibho Technologies Pvt. Ltd., sanctioned by MCM. The company’s headquarters are situated in Visakhapatnam, Andhra Pradesh.
What Is Kibho Coin?
Kibho Coin is a cryptocurrency that was launched by the company in November 2020. The Kibho coin was introduced to promote the company and is also based on MLM or Multi-Level Marketing.
The company boasts a variety of online products and also features an exchange and wallet. The company has plans to launch platforms such as Kids Talent, Kids-Dish DTH, and Kids My Needz. As of the latest information obtained from Coinbrain Exchange, the Kibho coin is currently priced at ₹540.
It appears that the main aim of the company is not just to trade or introduce new products but to expand its user base on the Kibho platform. Any new user is required to deposit ₹500 for logging in and activating their account. After the account is opened, there are several ways for users to earn Kibho coins, such as watching ads, referring more users, and expanding the user base. This model is reminiscent of Multi-Level Marketing, where a chain is created. However, it is important to note that any MLM structure tends to enrich the higher echelons of the chain while leaving the lower-level ranks with limited benefits.
It seems that the Kibho coin was launched to capitalize on the crypto boom, but it does not have a direct link to it. Kibho is a reality today, but it lacks a solid foundation, and its future is also very ambiguous.
Kibho Coin History –Past, Present, Future
The Past
Kibho Coin started its journey on March 17, 2023, with its initial value pegged at ₹1454.8 and enjoyed relative stability before surging to ₹1660 mark and at one time even reaching ₹2231. However, the bullish journey did not last and a phase of revision started with values tanking to as low as ₹1743 on April 21.
A sudden surge in bullish sentiments provoked by a surge in buying again pushed the values above ₹3237 but this phase was short-lived and another extended phase of correction began by June 2 the values tanked to ₹1079 and crashed below the psychological benchmark of ₹830 for the first time since its existence.
The Present
Today the Kibho coin is changing hands at ₹498. The current bearish sentiments can push the values even lower the critical support level of ₹415. A brief analysis of the price chart shows that the next lower support level is in the region of ₹396. From here the bulls if they are active can send the price to test the next resistance level at ₹415. If the coin is not able to hold to the ₹415 level the prices can tank to even lower levels of ₹249.
Kibho Coin Price Prediction 2024
Kibho Coin values are expected to hover at ₹350 and can tank to a lower limit of ₹290 and surge to a maximum of ₹650. However, a lot will depend upon its adoption and technological progress.
Kibho Coin Price Prediction 2025
Kibho Coin values are expected to hover at ₹400 and can tank to a lower limit of ₹340 and surge to a maximum of ₹700. Again the projection will heavily depend upon a bigger and expanding user base and increased adoption.
How To Earn Kibho Coins
There are four ways in which you can earn Kibho coins-
View Ads and Earn
The user will have to view ads on the Kibho app. Every ad viewed earns you two Kibho coins. The earned Kibho coins are stored in your account, but you cannot withdraw them immediately. A portion of the stored Kibho coins can be withdrawn after 100 days.
Refer and Earn
Referring to another user can also earn the user Kibho coins. However, the referred new user must open an account and deposit ₹500 before you can earn Kibho coins. The referral bonus is only granted once 25 new users are referred.
Purchase Income and Gift
When a person buys something from the Kibho Mart, they are eligible for purchase income and gifts. Additionally, you will also receive discounts and cashback.
Extra Benefits
If a person is able to link with 25 new users, they are eligible for a 500 Kibho coins bonus. The person will also receive a part of the deposited money by the 25 new users as additional benefits.
How to withdraw money from Kibho coin
First, the holder will have to complete the KYC before withdrawing money. The money can be withdrawn by following the steps given below:
- Complete the KYC by clicking on the menu head and then on the My Profile Edit head. The KYC includes the holder’s email, bank details, and other necessary information.
- After completing KYC, proceed to the Kibho dashboard, and then click on the Kibho Local Exchange Transfer Coin option.
- The money will be transferred in three to four days.
Is Kibho Coin Real Or Fake?
There are several shortcomings in the Kibho coin, outlined as follows:
- Lack of genuine investors, with the existing investors being local and ordinary individuals.
- The company releases only 1.66% of the money in the accounts to the holders and retains the rest.
- The MLM mode of operations implies that the majority of profits are garnered by the top members, and once new members stop joining, the earnings dry up.
- The website design is rudimentary and lacks a professional appearance. There have been no recent updates on the site.
- The income plan of the company is highly attractive and almost unbelievable.
- The company lacks an active social media presence, and there are no updates on the Kibho coin.
The aforementioned facts indicate that investing in Kibho coins is associated with significant risks and potential dangers.
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