Nickt.vip claims to be a crypto mining project that rewards users with CKT token for simply clicking on a button daily. If you have been in the online space for a while, then you should know the general idea of crypto mining platforms and why they are such a big deal but for the sake of people who are new to crypto as a whole.
Anytime you hear crypto mining, it simply has to do with, farming potential cryptocurrency before it gets listed on exchanges. During the farming or mining phase/stage, early adopters get to earn and accumulate the token so that when it eventually gets listed on exchanges, the users will have some valuable assets to trade or convert to their local currency.
It’s a general practice and it’s one of the common ways through which new, powerful projects get introduced to the world. Cryptocurrencies such as Bitcoin, Pi, Notcoin, Dogs etc all followed this path of being mined and earned prior to official listing. So Nickt, claims to be a crypto mining platform that gives users the chance to mine and accumulate the CKT token with a promise of listing on exchanges later on.
However, there seems to be some form of confusion as to what the project really is, so in this article, we will be finding out all there is to know about Nickt.vip and from our findings, we will be able to reach a conclusion whether it is really a crypto mining project or a scam. Having said all these, let’s dive right into the main reason for your being here.
About Nickt
NICKT otherwise known as Nickt.vip is a platform that rewards users with CKT token when they click on a button daily. It claims to be a crypto mining project with the BIG plans of listing their token on top tier exchanges as time goes on, according to the information on their welcome pop up, they even claim the token will be listed on all exchanges including Binance.
Apart from the mining of CKT, they also have the option for users to convert the native token to USDT — so that users who can’t be patient till their token goes live on exchanges can start withdrawing via USDT.
The platform also has an option for users to upgrade their accounts in order to boost their daily mining rate and by extension, the chances of earning and accumulating alot of CKT and USDT. This upgrade feature is one of the reasons why I decided to make this article because it’s quite suspicious.
Earning Methods
Nickt is a crypto mining project and as such, you earn by clicking on a button mine daily. The mining rate on the platform is limited to 10 CKT per hour but you have the chance to boost your mining rate by utilizing the upgrade feature.
On a general note, there are three main ways of earning on nickt and they are as follows;
1. Daily Mining
You can earn by clicking on the start mining button every 24 hours. Upon sign up, you automatically earn 10 CKT per hour. Meaning in 24 hours, you should be having 240 CKT and you can continuously earn per day till the token gets listed on exchanges.
The button to start mining is always present on user’s dashboard and you just have to click on it to start earning and accumulating the tokens. After 24 hours, it refreshes and you have to click against to restart mining.
2. Tasks completion
This is another way to earn on nickt. Directly under the mine option, there are a couple of tasks to complete in order to earn more CKT. There are some tasks that involve joining their telegram group or channel and some others have to do with referring a certain number of referrals. From what I found out, the tasks don’t get updated on a regular basis, so don’t expect to see fresh tasks daily but it’s still a way to earn some extra tokens.
3. Upgrade Level
Like I said earlier, Nickt has an upgrade section where you spend money to unlock much higher mining rate and overall earnings. By default, all new users receive 10 CKT per hour but you can multiply the earnings by upgrading your account to a higher level. However, it’s not free.
You have to either spend $3 for the lowest plan to earn 15,000 CKT tokens per day for 260 days or spend $26,244 for the highest plan to unlock even higher tokens.
The interesting thing about the upgrade feature is, you get to unlock higher CKT earnings which also translates to more withdrawals because, you can always convert the token to USDT. In simple terms, you will be using money to earn more money.
4. Referral Program
Nickt has a referral program and you only get to earn 9% of whatever amount you referral spends to upgrade his or her account. The referral program is in tiers or levels, you earn the most from the first level referrals and more from the second and third level referrals.
But for you to earn, your referral has to spend money on the platform to upgrade his or her account otherwise you won’t get credited with any bonus. There is no bonus for users who just stick to the default mining rate.
How to Convert CKT to USDT on Nickt
Once you have earned up to 10,000 CKT on the platform, you can swap to USDT easily. Click on Me, then tap on CKT&USDT, you will be shown a column to enter the amount of tokens you intend to swap.
Enter any amount from 10,000 and above and then proceed to confirm. The swap process is necessary if you want to withdraw the token directly to any exchange.
Immediately after swapping, you can now withdraw it to an exchange.
Withdrawal Process
The minimum withdrawal is $1, so you must earn up to 10,000 CKT and swap it to USDT before you can request for payment.
After the swapping, go back to your profile and select Withdraw, this time around you will be asked to enter amount, select the cryptocurrency you wish to withdraw (Bep20 USDT, Trx or Trc-20 USDT)
When you are done selecting, enter amount and paste your withdrawal address, then wait for the payment to be credited to your balance on the third party exchange being used.
Is nickt.vip Legit Or Scam?
Nickt.vip is not legit, it’s a scam. Crypto mining projects are usually not regarded as scam but in the case of Nickt, that is not the case. The reason is, they are simply using the “crypto mining” aspect to shield the real nature of the platform from the public.
It’s easier for someone to risk his or her money on a crypto mining project than on a crypto Ponzi scheme and that’s why they claim to be a mining project instead of coming clean and straightforward to say that they are a crypto Ponzi scheme.
Also Read: Qalla by GoWagr: Legit or Scam? — ‘Predict Future & Earn’
The money users are flaunting were not received or gotten for free and the CKT token won’t be listed in future. It’s just a crypto Ponzi scheme, where you deposit to upgrade your account, earn more tokens, swap and withdraw higher profit on a daily basis. The worst part is, their earning structure is quite unrealistic and too high.
You earn 15,000 CKT per day after spending just $3 for upgrade ~ 15,000 can be converted to $1.5, so you are literally earning 50% of the amount spent on the platform.
No real earning platform can pay out as much as 50% interest and be sustainable. So for your own good, steer clear of the platform. Don’t even bother wasting time mining any token with hopes of it getting listed.
Can you earn for free on nickt? The answer is also NO. Reason is, the minimum amount of CKT to swap is 10,000 and there is no way to earn that in a short while if you are earning just 240 per day. It will take a very long time to reach 10,000; therefore making it literally impossible for you to reach the threshold without upgrading with your own funds.
Conclusion
Nickt.vip is just a crypto Ponzi scheme and as such, a scam you should stay away from to avoid losing your money. It might be paying for now and screenshots may be flying around for now but in a short while things will go south and perhaps, a repeat of CBEX will happen to alot of ignorant/stubborn individuals.
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