Web3 gamingIllustrative dataNot verified · no bond

Kinetic Games

Play-and-own racing game with an in-game marketplace.

Last updated Oct 4, 2026

NOTR verdict

Not ready

Saying ready: Voters 24% · Open poll 17%

Illustrative data. Kinetic Games is a fictional example project for demonstration purposes only.

Not investment advice. NOTR publishes public data, analysis, and risk signals — never a recommendation to buy, sell, or hold.

Market cap: $18.5M
30d volume: $2.1M
Holders: 34.7K
Launch date: Nov 20, 2024
Chain: Arcadia Chain

NOTR verdict · Should this project launch?

Not ready

Contested

Verified voters who staked their reputation say this project should not launch as it is.

At launch, the verdict is written by the NOTR team on public facts. As verified analysts join and earn rating for right calls, their weighted votes take over.

Verified voters2 of 6 say ready

Ready 24%Not yet 26%No 50%

Open poll1,040 votes

17% say ready. Anyone can join this poll, but it is not verified and never changes the verdict.

Cast your vote

Evidence checklist: 0 of 8 checks met (what analysts start from, not the verdict)

Is it safe?

Passed, with 3 warnings

No hard check failed. Soft checks are shown as warnings.

Entry checks →

Is the price and structure fair?

5 attention marks

Thin float · Big jump over the last round · Big unlock ahead · 3 promises were missed · Questions unanswered

Price & structure →

Does it keep its word?

2 of 5 promises met

3 missed. Reply to our questions: declined.

Promise ledger →

Step 0 · Entry

Entry checks

Automatic checks of what can be verified from public data, run before anyone votes.

Contract source verifiedDecides entry
Source verified.
Pass
No hidden mint or admin keysDecides entry
No unlimited mint; upgrades are multisig-controlled.
Pass
Token can be soldDecides entry
Transfers are unrestricted.
Pass
Official links match the contractDecides entry
Links match the deployed contracts.
Pass
Audit publishedShown as a warning
In-game economy contracts were never audited, yet hold player funds.
Fail
Team can be identifiedShown as a warning
Leadership is public; later hires are not named.
Warning
Supply and vesting are publicShown as a warning
Team holds a large share, vesting terms only partly public.
Warning

These checks run automatically on public data, before any review is written. A failed hard check keeps a project off the main list. Warnings stay visible, and the verdict weighs how much they matter.

Voters

Who voted, and what they staked

Every voter is a verified person with a public rating. Each puts reputation on the line with their call, and their reasons are public.

Rina TakahashiAnalyst · 1,650
Onchain forensics · 14 of 19 past calls right
140 REP stakedNo
Weekly traders peaked at 4,300 against a public promise of 10,000.
Ada LindgrenAnalyst · 2,140
Smart-contract security · 17 of 20 past calls right
130 REP stakedNo
The in-game economy contracts were never audited, yet they hold player funds.
Sara QuinteroAnalyst · 2,310
Team background checks · 19 of 26 past calls right
80 REP stakedNot yet
Leadership is public, but most of the people hired later are not named anywhere.
Dmitri VolkovMember · 980
Market structure · 9 of 15 past calls right
70 REP stakedReady
The game is live and has real players, which many launches cannot say.
Noor HaddadAnalyst · 1,870
Treasury and finance · 15 of 18 past calls right
60 REP stakedNot yet
No treasury report has been published since the Season 2 delay.
tbone77Newcomer · 150
Community member · 0 of 1 past calls right
60 REP stakedReady
I play it every week and the game itself works, even though the economy is thin.

How votes are counted

Every voter is a passport-verified person with a public nickname and a rating (REP).
To vote, a person stakes part of their REP on the call. Nobody votes for free.
When the facts come in (promises kept or broken), people who were right gain REP, and those who were wrong lose what they staked.
The more REP staked, the more the vote weighs. All Newcomers together count for at most 25% of the total, so a crowd of new accounts cannot decide a verdict.

Concept with invented analysts and numbers. The exact rules need design and legal review.

Your vote

Should this project launch?

Verified people vote. Every vote needs a written reason and a staked rating, and stays sealed until the window closes.

Preview, votes are not saved

Is Kinetic Games ready to launch?

Only passport-verified people can vote, one account per person. You start as a Newcomer with 100 rating. Newcomers together carry at most 25% of the total weight, and your weight grows as your calls turn out right.

1. Your vote

2. Why? Required.

Write at least 60 more characters.0 / 60

3. Reputation you stake: 50 REP

Your rating is 100, so you can stake at most 50 REP, half of it. If the facts prove you right you gain 60% of the stake. If you are wrong the stake is burned. A higher rating means a bigger possible stake and a heavier vote.

4. I do not hold this project's token and have no link to its team.Hidden conflicts found later mean a ban and loss of rating.

No reason, no vote. At least 60 characters, so a bare “yes” or “no” is not accepted. Votes stay sealed until the window closes.

Open poll

What readers wrote

Anyone can comment and join the open poll. It is not verified and does not change the verdict.

racer_daoCommunity · Sep 29, 2026
Been playing since launch, marketplace feels dead compared to season one.
0xBagholder22Community · Sep 19, 2026
Buyback was literally in the whitepaper, where did it go?
quietlurkerCommunity · Sep 5, 2026
Two huge unlocks back to back into this little liquidity is scary.

Attention marks

Thin float backed by our data
Only 12% of supply traded at launch. In our backtest, 17 of the 18 launches with under 15% on day one ended below their first-day price (median -85%).
Big jump over the last round not yet testable
Opened at 12.5x the valuation of its last private round. Not yet testable: private round prices are not in any free dataset, so we record them in every review.
Big unlock ahead not yet testable
42% of supply unlocks within the next 12 months. Not yet testable on past launches: public price data does not track unlocks, so we record the calendar in every review.
3 promises were missed recorded fact
3 of 5 dated promises in the ledger are marked missed.
Questions unanswered recorded fact
The project declined to answer our questions.

Marks point at structures that have hurt buyers before. They do not remove a project from the list, they are not a forecast, and they never replace the verdict. How each mark was tested

The price

Opening valuation (FDV)

$150M

Last private round

$12M

Seed, Mar 2024

Jump over the last round

12.5x

Valuation / yearly revenue

1,000x

Revenue $150K a year

The supply

Trading at launch

12%

Share of total supply

Unlocks in next 12 months

42%

Share of total supply

The full unlock calendar, in dates and amounts, is on the Onchain & whales tab.

Who paid what

Group	Share of supply	Paid vs opening price	Lock-up
Public buyers	15%	1x	None
Investors	20%	0.05x	6-month cliff, then quarterly
Team and advisers	20%	–	3-month cliff, 18-month vesting

A group that paid 0.2x of the opening price is sitting on a five-fold gain from day one. That is not wrong in itself, but buyers should know it and know when that group can sell.

What similar launches did

Launches with an opening valuation of $150M–300M

17 launches · 82% below first-day price · median −65%

Launches with under 15% of supply trading on day one

18 launches · 94% below first-day price · median −85%

From our backtest of real launches, as context for Kinetic Games and never as a forecast. Explore the data

Who is behind it

About Kinetic Games

What it does, who runs it, and where to reach them.

Kinetic is a racing game where cars and parts are owned by players and traded in an in-game marketplace. The studio is public, most hires are not named. The game has launched, Season 2 is delayed.

Ticker: KIN
Founded: June 2024
Legal entity: Kinetic Studio GmbH
Jurisdiction: Germany (GmbH)

Team

Lars HeidenreichIdentity verified
Founder, Studio head
10 years in mobile and console racing games; two shipped titles.
Sofia MarchettiIdentity verified
Head of Product
Ran live-ops for a free-to-play title with a large player base.
Undisclosed hiresNot verified
Engineering & art
Studio does not name most staff individually.

Placeholder contacts for a fictional project. Real pages will link to the project's own, checked accounts.

Market

Market cap

Weekly, illustrative market cap over the trailing 6 months.

Market cap

$18.5M-78.4%

Promise ledger

What the project promised, and what happened

Dated, measurable promises published by the project. When the date passes, the facts decide who was right, and ratings change.

Launch racing game on PC
DoneDec 1, 2024
Shipped on schedule with the full season-one marketplace.
Reach 100K marketplace trades
DoneMar 1, 2025
Target reached roughly two weeks ahead of schedule.
Mobile launch
MissedSep 1, 2025
No mobile build has shipped; originally promised for Q3 2025.
Season two content update
MissedMar 1, 2026
Delayed twice, then quietly removed from the public roadmap.
Token buyback program
MissedJun 1, 2026
Announced in the whitepaper; no buyback transactions found onchain.

Voting history

How past polls ended

Kinetic Games has 4 closed polls on whether a specific, measurable milestone was met. 1 of 4 ended as “Met”. Each result is shown next to what the public record says, so you can see when the crowd and the facts agree.

Share of votes saying “Met”, by poll (oldest to newest)

10%

Did Season 2 launch by September 15?
Not met
Met 10%Unsure 13%Not met 77%835 votes · closed Sep 20, 2026
Public record: The team confirmed the delay on Sep 20 and has not given a new date.
Did the in-game marketplace reach 10,000 weekly traders?
Not met
Met 10%Unsure 14%Not met 76%630 votes · closed Jul 30, 2026
Public record: Weekly traders peaked at 4,300 in the quarter.
Did the team publish its Q2 treasury report?
Not met
Met 27%Unsure 16%Not met 57%440 votes · closed Jul 2, 2026
Public record: No report was published in the quarter.
Was the racing engine update released on schedule?
Met
Met 73%Unsure 11%Not met 16%560 votes · closed Mar 15, 2026
Public record: The most recent milestone delivered on time.

Illustrative preview. Voting is not open yet. Votes are weighted by each voter's track record, and they never change the evidence checklist. It changes only when public data changes.

Right of reply · Declined to comment

Kinetic Games was invited to respond to this page on Sep 15, 2026 and declined to comment.

NOTR analysis

Our written breakdown

Green and red flags identified from the public record, with what would change the picture.

Green flags

Studio leadership is named and verifiable.
Source: Project website
Marketplace smart contracts have had one independent audit.
Source: GitHub repository

Red flags

42% of total supply unlocks within the next 3 months, concentrated with early investors.
Source: Onchain explorer
Mobile launch, season two, and a promised token buyback have all been delayed or dropped without explanation.
Source: Community channels
No treasury spending report has ever been published.
Source: Onchain explorer
Trading volume spikes correlate tightly with paid promotion rather than product activity.
Source: Community channels

What would improve the checks

Publish a first treasury spending report.
Deliver — or formally retire with an explanation — the mobile launch and buyback commitments.
Disclose a plan for the concentrated investor unlocks due in the next 3 months.

Checklist

Evidence checklist

The 8 things NOTR checks in public data. Each one is marked met, partly met or not met. There is no total number, because a total would hide which check failed. Analysts start from this list. It supports their vote, it does not replace it.

Onchain activity

Transaction volume, active wallets, and contract usage trends over the last 90 days.

Not met

Marketplace volume down 65% since the season-one event ended.

Source: Onchain explorer

Team verified

Whether core contributors have confirmed, cross-checked identities and a track record.

Partly met

Studio leadership verified; most hires are not individually disclosed.

Source: Project website

Code audit

Coverage and severity of findings from independent smart-contract audits.

Partly met

Marketplace contracts audited once in 2024; in-game economy contracts were not.

Source: GitHub repository

Tokenomics and unlocks

How concentrated supply is and whether the vesting schedule is public and being followed.

Not met

42% of supply unlocks within the next 3 months, mostly to early investors.

Source: Onchain explorer

Kept past promises

Share of publicly committed roadmap milestones the team actually delivered on time.

Not met

Mobile launch, season two, and a promised buyback have all been delayed or dropped.

Source: Community channels

Treasury transparency

Whether treasury wallets are disclosed and spending is reported on a regular cadence.

Not met

Treasury wallet disclosed; no spending report has ever been published.

Source: Onchain explorer

Legal structure

Existence of a named legal entity, jurisdiction, and terms covering the token or product.

Partly met

Studio incorporated in Singapore; terms of service cover token holders.

Source: Project website

Manipulation signals

Wash-trading, coordinated social activity, and other red flags detected in market data.

Not met

Repeated volume spikes correlate tightly with paid promotion campaigns.

Source: Community channels

Met: clear public evidence. Partly met: some evidence, with gaps. Not met: the evidence is missing or points the other way.

Sources

Project website
Reviewed the game client, marketplace, and public roadmap.
GitHub repository
Game client is closed-source; only the marketplace contracts are public.
Onchain explorer
Marketplace volume and treasury flows checked over 180 days.
Community channels
Delay announcements and community sentiment reviewed across two quarters.

Market cap: $18.5M
Circulating supply: 109M KIN
30d volume: $2.1M
30d volume / market cap: 11%
Liquidity depth: $380K
Tightest spread: 32 bps

Market cap

Weekly, illustrative market cap over the trailing 6 months.

Market cap

$18.5M-78.4%

Where it trades

Lanternswap carries 23.4% of 24h volume. Wide spreads and thin depth on a venue mean the volume there is easier to move.

Venue	Type	Pair	24h volume	Share	Spread	Depth ±2%
Lanternswap	DEX	KIN/USDT	$16.4K	23.4%	35 bps	$44.5K
Northgate	CEX	KIN/USDT	$14.8K	21.1%	61 bps	$40.1K
Harborex	CEX	KIN/USDT	$14.7K	21%	32 bps	$39.9K
Cobalt Exchange	CEX	KIN/USDT	$14.5K	20.7%	38 bps	$39.3K
Tidepool	DEX	KIN/USDT	$9.7K	13.8%	41 bps	$26.2K

Venues are fictional examples. Real project pages will list actual exchanges with data from public market APIs.

Supply and unlocks

Cumulative share of total supply unlocked over time.

12%

Feb 25

Seed round cliff

22%

Aug 25

Private sale tranche

30%

Feb 26

Marketing / ecosystem unlock

52%

Nov 26

Investor unlock (large)

72%

Feb 27

Investor unlock (large)

Already unlockedScheduled

Weekly active wallets

4.2K-62.3%

Weekly onchain volume

$600K-81.5%

Top 10 holders

Addresses are fictional. On real pages every labeled wallet links to a chain explorer.

#	Wallet	Label	% of supply	30d change
1	EPgg…7uQN	Foundation treasury	15.7%	+10.4%
2	PKi2…d71o	Team vesting contract	12.5%	+5.8%
3	Ljxo…yvab	Exchange cold wallet	9.7%	+8.7%
4	rNe2…3ioT	Investor wallet A	7.8%	-1.2%
5	kG8D…iwLi	Market-maker wallet	6.4%	-9.9%
6	tJnj…4h7b	Investor wallet B	5.3%	+11.0%
7	HuD7…cs6T	Ecosystem fund	4.4%	-9.2%
8	PHxj…iBDE	Unlabeled wallet	3.6%	+9.1%
9	jA5A…Msrp	Unlabeled wallet	3.0%	+11.9%
10	twMy…E1Pi	Unlabeled wallet	2.5%	-5.1%

Holder concentration

71%held by the top 10 wallets — high concentration

Top 10 holdersEveryone else

Liquidity depth

$380K

Treasury runway

5 months

Recent large transactions

Wallet	Type	Value	Date	Note
5nBc…3Xw8	Sell	$204K	Oct 1	Early investor wallet
2fQe…9Lh1	Sell	$162K	Sep 27	Team-linked wallet
8rWm…4Jt6	Transfer	$340K	Sep 23	Investor wallet → exchange deposit
6yUo…7Pz2	Sell	$85K	Sep 18	Unlabeled wallet
1kDx…5Vb9	Sell	$116K	Sep 11	Unlabeled wallet

Illustrative data. Kinetic Games is a fictional example project for demonstration purposes only.

Not investment advice. NOTR publishes public data, analysis, and risk signals — never a recommendation to buy, sell, or hold.

How it works

Is it safe?

Is the price and structure fair?

Does it keep its word?

Then one verdict

Kinetic Games

Not ready

Entry checks

Who voted, and what they staked

How votes are counted

Should this project launch?

Is Kinetic Games ready to launch?

What readers wrote

About Kinetic Games

Team

Links and contacts

Market cap

What the project promised, and what happened

Launch racing game on PC

Reach 100K marketplace trades

Mobile launch

Season two content update

Token buyback program

How past polls ended

Our written breakdown

Green flags

Red flags

What would improve the checks

Evidence checklist

Sources

Market cap

Where it trades

Supply and unlocks

Top 10 holders

Holder concentration

Recent large transactions

AI analyst