Today’s review is on Kleekai ($KLEE), one of the least talked about dog memecoin in the “cryptoverse”.
If you are new to this website or my writing, I usually start my token reviews by listing out the things I checked, as regards the token I’m reviewing. These things are usually,
The Developers of the token
What people are saying about the token on the various websites.
But before I do that, let me tell you a little about the token I am about to review. According to coinmarketcap.
KLEEKAI is a community-focused decentralized transaction network. Started as a fair launch with a 2% reflection feature that redistribute tokens among the holders. Token Symbol: $KLEE – Max supply 100,000,000,000,000,000 – Liq burned 100% to a dead address. That means that KleeKai is fully decentralized and owned by its fun, vibrant community. Kleeklai community welcomes and embraces diverse perspectives to build Klee Kai in to the best community in crypto.KLEE KAI is born as a fair-launch, so, clearly, there are no “team tokens”. The dev and his team bought $KLEE on the open-market, they are investors just like everybody.
“From coinmarkercap description of the token, Kleekai is sounding like an interesting memecoin. Let’s dive into the review proper.”
Kleekai’s website is simple and elegant. I like the mixture of purple and white. It was clearly developed by a professional. The site is ssl secured, which gives you certain sense of security. In case you don’t know what ssl is. SSL stands for Secure Sockets Layer, it keeps internet connections secure and prevents criminals from reading or modifying information transferred between two systems. The website itself, is not like the average token website, out there. You can tell that they already created their project – the kleerun game.
Going through the words on the Kleekai website. You’d quickly notice the developers aren’t much of talkers, they are terse with words.
In order to play KleeRun you will need to hold 1,5 TRILLION $KLEE.
Don’t have any? You can buy some easily with the button below.”
Is the only ‘detailed’ descriptive text in on the website. They also introduced their team (which I will talk about, later )
$KLEE is the token symbol. Kleekai has total supply of 100 QUADRILLION and it uses 2% reflection mechanism.
If kleekai’s website is ‘simple’. Their white paper is even ‘simpler’. It is sincerely one of the simplest white papers, around. It is a 9 paged pdf. You can get it here.
In the white paper, the kleekai is introduces themself as a gaming studio that embraces play to earn games. Here them in their own words.
“KleeKai is a gaming studio that embraces play-to-earn games. With the use of the innovating technology known as blockchain, we aim to implement a playto-earn mechanism into all of our games. This will enable the KleeKai community to earn crypto while playing. This is how we separate ourselves from the traditional gaming market, by truly rewarding players for their efforts and playtime. Because of the positive impact play-to-earn games can have on people in growing economies, we aim to make the initial requirement needed to play as low as possible. The amount of $KLEE tokens needed is shown on our website and will be adjusted over time so that it stays affordable. The minimum requirement of tokens Is needed so that the distributed rewards will keep their value.”
I wrote a story about axie infinity sometime ago, read it here. Kleekai is following in that footstep. It’s a reward game that is targeted at millions, of not billions of people in developing countries, who have android mobile phones and do not have jobs. In my opinion, the reason behind Kleekai is sound. And, the white paper has done a good job communicating that.
In the abstract section, they continued by saying;
“The decision to create KleeKai was born from the necessity to create a new and better Doge Coin; a coin that can represent all the new investors who are
ready to truly believe in a new project. Our aim was not only to give life to a “meme coin” but now we are also working hard to make $KLEE a potential coin with an actual value & utility. This is why we decided to integrate a redistribution mechanism: all the holders are constantly earning thanks to the 2% reward of every single buy, sell or swap. That means that those who believe in $KLEE are actually rewarded for their trust; when investors hold $KLEE, their wallet balance keeps on increasing automatically, following a distribution scheme calculated on the size of the transaction that automatically distributes the tokens in a fair way to all the holders.”
The honesty of kleekai’s team is clear to the blind, and audible to the deaf. You can tell they are not trying deceive people with ‘cryptospeak’ by using high sounding crypto words.
Personally, I like the simplicity of of this token. No fluff. Their words are easy to understand, even if you are a beginner investor. You can see clearly there’s transparency in what they are saying. But, I have not drawn my conclusion.
Liquidity Pool and Market Cap
The liquidity pool of Kleekai token is $882,780 as at the time of writing. With 100% burned and locked in Uniswap. This confirms the that the team’s claim in the white paper is true. The burned and locked liquidity pool is a positive sign that indicates the developers are invested in the project. And will work hard to see that the project succeed.
The Market Cap is slightly over $8,600,000. This is a respectable market cap. Although the token was launched in may, the pace of it progress has been somewhat slow, in my opinion. If you are investor that is looking to multiply your money in the shortest period of time, this token might not be for you.
Another thing that is source of worry to me about this token is it Dextool numbers.
As you can see from the above picture. The dextool community trust of the Kleekai project is hovering around 50%,50%. Which means 50% percent trust Kleekai token, while the other 50% do not trust KleeKai. Scoring 61% as overall Dextool.
According to Etherscan, Kleekai token has 25,617 holders, as at the time of writing this article. This is healthy, as it indicate the community is growing, even if it is not at an explosive rate, it is growing notwithstanding.
Developers behind Kleekai token
Developers of kleekai have chosen to be anonymous. There are name attached in the team section of their website, but you can tell these are not real names. I’m not shocked by this anymore. From my experience as a crypto token reviewer, ‘memecoin’ developers find it difficult to reveal their identity. This knowingly or unknowingly to them makes their tokens unappealing due to the level of fraud in the industry. I hate to say it, but this is a red flag. If you follow what I do, you’d know I love a project with real names and faces.
What people are saying about the token.
On twitter, Kleekai has 14.4k followers. This is good for social proof. Their account have tweeted a total number of 2,061 , since they it first surfaced on twitter in may 2021 (as at the time of writing).
This shows they are very active on social media. Investors in this project are currently excited about it. Going through the comments on twitter gives you a sense of security in the project.
On telegram, they have 896 people in the group. Communication on their telegram group is one way. People are not allowed to express themselves in the group. I personally do not like the ‘dead’ nature of their telegram group.
On YouTube, there is excitement around kleekai. People are grateful they invested in the token. Someone even said, he is holding his ‘bag’ for 5 years.
This token is legitimate. The developers are definitely not taking your money. The community is growing, they probably will not make headlines, but the project in my opinion is on an upward trajectory.
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