On average, a registered KCP user is expected to have 200 KC coins, which is the equivalent of $2,500. Presently, the KCP Token is worth $12.486.
This article will review how you can unlock these KC coins and have them withdrawn to your crypto wallet or through USDT.
New Airdrop Announcement
According to the CEO of this KCPay, Alexander Bennett, beginning from August 1, this coin can begin to be unlocked to all users for possible hodl-ing or withdrawal into your crypto wallet or through USDT.
Step-by-Step Process to Unlock KcP Token
To enjoy the dividends of your efforts on the platform so far, here are steps you need to follow to unlock your coins:
1. Connect Your KC app to your KcPay Account
This would require you to visit the KC website. On this website, you will be required to download the KcPay app.
NOTE: This should be downloaded directly from this website, as it is different from the one which is on the Google Play store.
After downloading the KcPay app, Import your Chain ID, enter your Verification Code and input a new secured password.
Chain ID
Your Chain ID is the 16-digit code you got at first when you registered on the KC app.
Verification Code
To get your verification code, go to the KC app and find the option, Chain ID. You will be required to type your password to get a 4-digit code. This code is a verification code. Copy and move down to the kcPay app.
New Secured Password
It is advisable to use a new and unique password to connect your KC app to the KcPay account.
After carrying out these activities, you have successfully connected your KC app to the kcPay account.
2. Unlock your Coins
To be eligible to unlock your dormant coins, you’ll be required to mine them out like it is done with other cryptocurrencies.
To achieve this, do the following:
Click the Earn Option
This is found on the homepage of the app’s dashboard. Opening this page would reveal different mining strategies. They include:
● Mean Reversion
● Trend Following
● Rolling Arbitrage
● Momentum Tracking
● Swing Arbitrage
● High-Frequency Trading
For the course of this article, we will be working with the Mean Reversion Strategy.
Mean Reversion Strategy
To be able to use the strategy in mining your KC coins, you will need to have a minimum of 100 TRX or USDT worth $10.
Using the transfer option present on the platform, you can transfer either of these from your crypto wallet into the kcPay app.
After a successful purchase by fulfilling the subscription quantity, the mining machine (Mean Reversion) begins to work towards mining your coins.
It takes 7 days for the mining machines to unlock the first quantity of your KC coins. And this is determined by how much capital you invest into the platform.
The more capital you invest into the mining machine, the higher the quantity of KC coins you get to unlock every 7 days.
The more the machine is mining through the Reversion Strategy, the more KC tokens you get to unlock.
Once the subscription expires, you can either choose to withdraw the profit accumulated or buy the strategy again for continuous mining.
However, it is advisable to invest wisely.
Return on Investment
If you invested a subscription fee of $10 (the minimum subscription requirement), after 6 years of continuous subscription, you would have gained $10,100.
$100 – $101,000
$1,000 – $1.01 million
$10,000 – 10.1 million
All of these sustain a waiting period of 6 years. However, you could choose to withdraw at any time.
For further information, you can see the KCP official manual or you can watch this explainer video prepared to clear up your confusion about how you can go about the unlocking process.
Conclusion
Beginning from the 1st of August, KCPAY allows all registered users to unlock their KC coins. This step-by-step process will permit you to be able to achieve this irrespective of how much you must have accumulated over time in your KC wallet.
