KickCoin digital token is a virtual currency, which is designed to be used by project authors for mutual settlements inside to pay for the launch of their crowdfunding projects, to purchase services for crowdfunding projects, and for other internal processes and payments within the infrastructure of the KICKICO and KICKONOMY.
Crowd funding platforms are just a simple way to raise funds for a project without needing to attract fickle VC investment. Firstly, traditional crowd funding platforms do not accept projects from countries where they have no presence. They charge high commissions (15-20%), as do the payment systems people must use to contribute with as well as they are overwhelmed with “failed” projects that let down the backers and the platform itself so the larger crowd-funding platforms became all about big companies with strong marketing, rather than about creators with bright ideas, but no marketing budget.
KickCoins are generated by the smart contract automaticallyy when backers support campaigns that are launched on the platform they will never be in excessive surplus. They are always backed not only by other currencies but by campaigns themselves, and only by those that were successfully completed on the platform. A total of 800 million KickCoins have been generated, including 30 million to conduct preICO, and 600 million to conduct ICO. Another 100 million have been generated and shared between the founders of KICKICO, and the rest have been generated for advisory, lottery, bounty, seed backers and PR pools. KickCoins are not mined by users or any other companies.
KICKICO‘s Platform is an online blockchain technology-based crowdfunding platform which provides its Users (project authors, backers, advisers, escrow-agents, translators, designers, advertisers) with online fundraising tools that operate through decentralized blockchain technology and smart contracts.
These tools provide opportunities to:
- launch ICOs, pre-ICOs, and crowdfunding campaigns
- provide various support services related to the launching of ICOs, pre-ICOs, and crowdfunding campaigns
- For ICO campaigns, the platform fee will be 4% of collected ETH, and 4% of the campaign’s tokens. In return, we provide from 4 to 8% of the KickCoins (in effect, selling our KickCoins to the campaign creator in exchange for the fee). Those KickCoins will be given to backers, together with the campaign tokens.
- Read more at whitepaper : https://www.kickico.com/whitepaper
Only 4 Days left for ICO so grab your KICKCOIN as soon as possible, you will not get KC when it will be listed on exchange platform at the current ICO price. https://www.kickico.com/