Price $KITE $0.0884, -3.07% — a red day, the chart is falling, and you know what? I lost $300 on a rug pull last year. A scam project that promised "a revolution in DeFi" raised money and disappeared within a week. The developers deleted Telegram, the website stopped working, and the token went to zero in hours. I sat and watched as my money turned into empty space. And I swore to myself: never again. No more crypto. No more early projects. It's all a scam.
But here I am. Again. With $KITE. And here’s why I still bought, even after that trauma.
Because there’s a difference between a project that promises "to the moon" without any substance, and a project that builds infrastructure for a real problem. That scam that fooled me — they had nothing. No product. No partners. Just a pretty website and a Telegram channel with bots that said "this will 100x bro". I believed it because I wanted quick money. And I paid for my greed.
With @KITE AI it’s different. I spent a week checking everything. Not because I’m a paranoid. But because I’ve already been burned. And here’s what I found: $33 million in funding from real investors. PayPal Ventures. General Catalyst. These are not anonymous developers from Telegram. These are companies that put their reputation on the line. PayPal doesn’t invest in scams. They can’t afford to associate with fraud — they have publicly traded stocks, regulators, compliance. If they invested $18 million — they checked everything ten times.
The testnet is working. 634 million calls processed. 13.6 million users connected. I can go and check the on-chain data. Transactions are real. Users are real. This is not just a whitepaper with promises. This is a working product that people are already using. That scam project where I lost money? They didn’t even have a testnet. Just "launching soon". And then disappearance.
Partnerships with Shopify, PayPal, Masa, AI Veronica, Codatta — these are not random names in a presentation. These are companies that have officially announced collaboration. I checked their official sites, press releases. All confirmed. When a project is a scam, it writes "partnership with Google" without any proof. Here every partnership can be verified.
The team is public. Founders with names, faces, LinkedIn profiles with history in big companies. When I lost money on that project — the founders were anonymous. "We want to protect our privacy from haters". Yes, now I understand — they wanted to protect themselves from accountability. Real projects don’t hide. They come out publicly because they are confident in what they are building.
But honestly? Even with all these checks, I’m still scared. Because that pain from losing $300 — it hasn’t gone away. Every time I see a red day like today (-3.07%), part of me screams: "Get out! It will happen again!" I remember how that token fell. First -5%, then -20%, then -50%, then zero. And with every step down, I thought "it’s just a correction". Until it was too late.
So I set rules for myself. Strict. Uncompromising. I only put into $KITE what I can lose without pain. This is not rent money. This is not money I need for food or bills. If $KITE goes to zero tomorrow — my life won't change. I will be disappointed, but not devastated. That’s the first lesson I learned: never invest money that losing will change your life.
Second rule: I don’t listen to hype. In that scam project everyone was shouting "100x guaranteed!" Moderators banned everyone who asked questions. Red flags everywhere, but I didn’t see them because I was blinded by greed. Now, when someone tells me "$KITE is definitely going to $10" — I ignore it. No one knows the future. Whoever says they know — is either lying to you or lying to themselves.
Third: I check everything myself. I don’t trust bloggers. I don’t trust "insiders". I go to the official site, read the documentation, check on-chain data, look for official press releases from partners. It’s boring. It takes time. But it’s the only way not to be fooled again.
And here’s what’s strange: the more I checked $KITE, the more I became convinced that it’s not a scam. Because scam projects don’t withstand scrutiny. They crumble at the first touch. Anonymous team. Fake partnerships. Lack of product. Tokenomics where 90% goes to the founders. #KITE has withstood all my checks. And that doesn’t mean it’s guaranteed to succeed. But it does mean it’s not a fraud.
There’s one more thing that changed after that loss. I learned to distinguish fear from intuition. Fear says: "Any early project is a scam". Intuition says: "This particular project has red flags" or "This particular project looks legitimate". After that rug pull, I didn’t buy anything for almost a year because I couldn’t tell one from the other. Now I can.
When I look at -3.07% today, fear says: "This is the beginning of the end". But intuition says: "This is a normal correction after a rise". Minimum $0.0881, maximum $0.0934 — that’s a swing of 6%, which is normal for a seed token. Volume 28.37M — still solid, not a panic sell-off. MA(7), MA(25), MA(99) are still in a bullish configuration. Technically, nothing is broken. The market is just breathing.
But the most important thing is — the fundamentals haven’t changed. The project hasn’t disappeared. The team hasn’t deleted their social media. Partners haven’t canceled their agreements. The product continues to work. That’s the main difference between a correction and a collapse. In a correction, the price drops, but the project is alive. In a collapse, everything disappears.
I won’t say it’s easy for me to hold on a red day. It’s not easy for me. Part of me wants to sell, take what’s left, and forget. But another part remembers not only the pain of loss. It remembers the pain of missed opportunities. I missed Bitcoin at $1000 because I was scared after the previous loss. I missed Ethereum at $100 for the same reason. And now I regret that more than the $300 I lost on scams.
Because money can be made again. But the moment — no. If $KITE really becomes the infrastructure for the agency economy — I don’t want to look back and think: "I saw it at $0.08, but didn’t buy because I was scared". Fear is normal. But living only with fear means missing everything.
Can it go to zero? Yes. Can I lose money? Yes. Am I ready for this? Yes, because I only put in what I can afford to lose. But can $KITE become something big? Yes, too. And if there is at least a 20% chance of that — I want to be in the game. Not out of greed. But because I believe in the problem they are solving, and I see they are building legitimately.
The project where I lost $300 — it was a lesson. An expensive, painful lesson. But it taught me to distinguish red flags from real opportunities. And @KITE AI has green flags: real funding, real product, verified partnerships, public team. This is not a guarantee of success. But it’s not a scam.
So when the chart is red, and fear whispers "sell" — I remind myself: I’ve already checked everything I could. I invested wisely. I put in what I can afford to lose. And now I’m just waiting. Because investing isn’t about buying low and selling high every day. It’s about finding a project you believe in and giving it time. Even when it’s scary. Especially when it’s scary.
