KOK Play Review: KOK token 200% ROI Ponzi scheme
Take a breath, you haven’t accidentally left your incognito window on the ‘Hub open.
Today we’re reviewing KOK Play, a cryptocurrency MLM company that represents it is based out of South Korea.
“KOK” stands for Keystone of Opportunity & Knowledge. The abbreviation is pronounced exactly as it looks.
Probably one of those instances you should have run the name by a native English speaker, but I digress.
KOK Play provides no information about who owns or runs the company on its website.
KOK Play’s website domain (“kok-play.io”) was first registered in August 2019.
The registration was last updated in on August 21st, 2021. “TheMedium” through an incomplete address in Seoul, South Korea is listed as the owner.
Further research reveals KOK Play marketing crediting Jiwon Kang as CEO of the company.
Kang was appointed on or around January 2021.
In addition to running KOK Play, Kang appears to own SuperAcid.
SuperAcid is a failed gaming company that first attempted to jump on the crypto bandwagon in 2018:
Davinci Coin was dumped on public exchanges in late 2019. Apart from a few brief pump and dump spikes nothing much happened.
I also found KOK Play marketing citing Kang as CEO of WeredSoft, another failed gaming company.
It seems Jiwon Kang is determined to be a crypto bro, and so now we have KOK Play with its own KOK token.
Read on for a full review of KOK Play’s MLM opportunity.
KOK Play’s Products
KOK Play has no retailable products or services.
KOK Play affiliates are only able to market KOK Play affiliate membership itself.
KOK Play’s Compensation Plan
KOK Play affiliates invest $100 or more in KOK tokens.
Once invested in, KOK tokens are parked with KOK Play on the promise of a monthly return, paid daily:
- invest $100 to $1499 in KOK tokens and receive 3% a month
- invest $1500 to $9999 in KOK tokens and receive 5% a month
- invest $10,000 or more in KOK tokens and receive 7% a month
Returns are paid till 200%, after which new investment is required to continue earning.
The MLM side of KOK Play pays on recruitment of affiliate investors.
Note that all commissions in KOK Play are paid in KOK tokens. KOK tokens can be withdrawn through the company’s app exchange.
KOK Play Affiliate Ranks
There are nine affiliate ranks within KOK Play’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Affiliate – sign up and invest in KOK tokens
- 1 Star – recruit five affiliates
- 2 Star – personally recruit five 1 Stars
- 3 Star – personally recruit ten affiliates (three must be 2 Stars) and generate $30,000 in total downline investment volume
- 4 Star – personally recruit three 3 Stars
- 5 Star – personally recruit three 4 Stars
- 6 Star – personally recruit three 5 Stars
- 7 Star – personally recruit three 6 Stars
- 8 Star – personally recruit three 7 Stars
Note that recruited affiliates must have an active investment earning a daily ROI to count towards rank qualification.
KOK Play pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Referral commissions are paid as a percentage of KOK tokens returns paid daily (calculated monthly) across the unilevel team.
KOK Play doesn’t seem to limit how many levels referral commissions are paid on. Things do get a bit sketchy from the eleventh level though.
- recruit one affiliate and earn a 100% referral commission rate on level 1 (personally recruited affiliates)
- recruit two affiliates and earn 100% on level 1 and 20% on level 2
- recruit three affiliates and earn 100% on level 1, 20% on level 2 and 10% on level 3
- recruit four affiliates and earn 100% on level 1, 20% on level 2 and 10% on levels 3 and 4
- recruit five affiliates and earn 100% on level 1, 20% on level 2 and 10% on levels 3 to 5
- recruit six affiliates and earn 100% on level 1, 20% on level 2, 10% on levels 3 to 5 and 5% on level 6
- recruit seven affiliates and earn 100% on level 1, 20% on level 2, 10% on levels 3 to 5 and 5% on levels 6 and 7
- recruit eight affiliates and earn 100% on level 1, 20% on level 2, 10% on levels 3 to 5 and 5% on levels 6 to 8
- recruit nine affiliates and earn 100% on level 1, 20% on level 2, 10% on levels 3 to 5 and 5% on levels 6 to 9
- recruit ten affiliates and earn 100% on level 1, 20% on level 2, 10% on levels 3 to 5 and 5% on levels 6 to 10
Note that recruited affiliates must have an active investment earning a daily ROI to count towards referral commission qualification criteria.
Generation Profits are paid on unilevel team levels from level eleven and deeper.
Generation Profits are tied to rank, starting at 3 Star:
- 3 Stars earn a 3% Generation Profits rate
- 4 Stars earn a 5% Generation Profits rate
- 5 Stars and higher earn a 10% Generation Profits rate
Bonus Personally Recruited Affiliate ROI Commission
Tied to ranks 1 Star through 8 Star are bonus commission rates paid on monthly returns paid to personally recruited affiliates.
- 1 Stars earn a 1% bonus
- 2 Stars earn a 3% bonus
- 3 and 4 Stars earn a 3% bonus
- 5 Stars earn a 4% bonus
- 6 Stars earn a 5% bonus
- 7 Stars earn a 6% bonus
- 8 Stars earn a 10% bonus
Joining KOK Play
KOK Play affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $300 investment in KOK tokens.
Note that upon reaching 200%, reinvestment is required to continue earning.
KOK Play Conclusion
KOK Play is your typical MLM crypto Ponzi scheme.
KOK token is an ERC-20 token based on the ethereum blockchain. A KOK block… chain if you will.
ERC-20 tokens can be set up in a few minutes at little to no cost.
KOK Play represents that it generates external revenue via its app. KOK Play’s app features games and a shopping portal.
Supposedly revenue is generated via game sales, shopping portal fees and general KOK token transaction fees.
Thankfully KOK Play hasn’t deployed any of the pseudo-compliance we typically see regarding their KOK token passive investment scheme.
The company is upfront about offering a passive investment opportunity, making it easy for consumers to identify KOK Play’s MLM opportunity as a securities offering.
As a result of its securities offering, KOK Play is required to register with financial regulators; both in South Korea and every jurisdiction the company solicits investment in.
In addition to South Korea, KOK Play marketing represents the company is operating in China, Japan, the US and Vietnam.
In China MLM is banned outright without a license. KOK Play provides no indication on its website that it has acquired a Chinese MLM license and is operating legally there.
In South Korea, Japan, the US and Vietnam, securities are respectively regulated by the Financial Services Commission, Financial Services Agency, the SEC and State Securities Commission.
KOK Play provides no evidence it has registered with any financial regulator. Thus, in addition to China, KOK Play is operating illegally the world over.
Registering with financial regulators would require KOK Play to file periodic audited financial reports. This is the only way for consumers to verify the company’s external revenue claims.
Neither social media, marketing videos or press-releases are a substitute for legally required filed financial reports.
If it wasn’t obvious by now, whatever peanuts KOK Play might be making from its app games and shopping, is dwarfed by the solicitation of hundred and thousands of dollars directly into KOK tokens.
KOK Play solicits investment on the promise of a 200% ROI, paid in tokens they create on demand at little to no cost.
Withdrawals are possible until new investment declines, which will set off the inevitable Ponzi collapse.
KOK token debuted on public exchanges in January 2020. Nothing happened until the ROI scheme took off earlier this year.
You can see the typical Ponzi token pump currently taking place. This is tied to new investment.
Once KOK Play withdrawals strip investment and/or recruitment dries up, we’ll then see the inevitable dump back to $0.
Looking forward, KOK Play has already announced plans to enter forex fraud:
And lending (think BitConnect):
These will be launched to keep the KOK token Ponzi going just that little longer.
One thing KOK Play marketing makes a big deal of is withdrawals being paid on time.
When the inevitable withdrawal delays kick in, take that as a sign things are on the decline.
In the meantime, scammers in South Korea and a few early promoters will withdraw the majority of invested funds. This is simply Ponzi math playing out.
As opposed to the happy ending the majority of investors are hoping for, they’ll instead be left standing around holding their KOKs.