Woke up and saw this, did some research, and it seems to be true.
The parent company, Kaiying Network, is a publicly listed company with a current market value of around $4.5 billion (USD). I had previously seen news about their intention to enter the Web3 space, but I didn’t expect them to launch on Launchcoin.
I personally bought some to show support because I’ve been playing their games a lot recently (I’m a hardcore Digimon fan). Every day when I log in, I see this company’s logo, and the game itself is really well-made.
They had earlier announced a partnership with TON and recently won an AI hackathon on BSC, so they seem to have solid technical capabilities.
Always DYOR.
This morning, after finishing a novel, I came across a cryptocurrency that is said to be issued by a listed company, so I decided to research it.
After researching, I feel there's a high probability that it's genuine. First of all, an article dated 2025.02.28 on the official website of Kingnet Network shows that this listed company indeed registered a subsidiary in Hong Kong.
Moreover, the registration date mentioned in the article matches the registration date of the Twitter account @KingnetCapital, as well as the domain name.
Additionally, TON's official Twitter account also tagged the subsidiary's Twitter account on 4.8.
So, I bought some. Kingnet Network's market value and performance look quite impressive, which easily reminds me of $NXPC from a few days ago.
However, the risks are high. Firstly, the price has already risen significantly from the bottom. Secondly, this cryptocurrency seems to have some conspiratorial elements, and the risk of it going to zero is not negligible. Please take responsibility for your own trades. If you decide to buy, please use a position size that you can afford to lose entirely.
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