KICKICO helps innovators, game developers, blockchain leaders, entrepreneurs, designers, and other creators find the resources and support they need to make their ideas a reality. With the help of cryptocurrency, the support of community & KICKONOMY’s power thousands of ideas will come to life.First, traditional crowdfunding platforms do not accept projects from countries where they have no presence. Second, they charge high commissions (15-20%), as do the payment systems people must use to contribute with. Third, they are overwhelmed with “failed” projects that let down the backers and the platform itself. Fourth, the larger crowd-funding platforms became all about big companies with strong marketing, rather than about creators with bright ideas, but no marketing budget.
|Current Price||0.0443632 USD|
|Total Supply||526.7 million KICK|
|Restricted countries||No restrictions|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
Since the late 2000s, when Kickstarter (2009) and Indiegogo (2008) were launched, the world has been watching the rise of crowdfunding. Many project creators believe that crowdfunding platforms are just a simple way to raise funds for a project without needing to attract fickle VC investment. However, in fact there are lot of limitations and obstacles.
First, traditional crowdfunding platforms do not accept projects from countries where they have no presence. Second, they charge high commissions (15-20%), as do the payment systems people must use to contribute with. Third, they are overwhelmed with “failed” projects that let down the backers and the platform itself. Fourth, the larger crowd-funding platforms became all about big companies with strong marketing, rather than about creators with bright ideas, but no marketing budget.
Legal governance and compliance
They have invested in seeking out legal and compliance expertise to ensure that KICKICO meets the new regulatory rules of the Initial Coin Offering at the ICO-stage. According to the professional opinion of our legal advisors, based on the Howey Test our KickCoins should not be deemed as securities and do not need to be registered as a security. KICKICO focuses on the legislative regulation of ICO, digital tokens and operations with cryptocurrencies to provide Users and Contributors safe and reliable solutions for crowdfunding 2.0.
ICO market problems
As ICOs, or “Initial Coin Offerings”, become increasingly popular, more and more companies are using this technique as a fundraising mechanism. However, this is a new frontier and there are no regulations around it. As a result, there are many fraudulent campaigns, where founders disappear after they have raised funds, essentially scamming the public.The founders of ICOs also face problems. The space is currently very fragmented, there is no comprehensive list of ICOs, and developers must create their own landing pages and publicity campaigns from scratch. This reduplication of effort wastes time and resources that could otherwise have gone into developing a better product.This fragmentation also affects potential backers adversely. People currently find out about ICOs more-or-less at random.
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
- ensure the safety of PreICOs, ICOs and other crowfunding campaigns, using KickCoin cryptocurrency for internal payments.
The KICKICO platform supports three kinds of fundraising campaigns: ICO, crowdinvesting, and crowdfunding. No other platform can boast the same flexibility and freedom of choice. In the case of pre-ICO and ICO, when backers buy tokens, they always receive the unique currency created by the KICKICO platform itself – KickCoins. Therefore, when they support pre-ICO, ICO, or crowdinvesting campaigns, backers receive two currencies at once, which gives them a double benefit, and when they support crowdfunding campaigns, they receive KickCoins, insuring them against the failure of the project.
Unlike other platforms that charge a 5-10% commission fee for placement, not to mention another 5% given to the payment system and 10-30% paid by creators as fiat money taxes, funds on KICKICO are transferred to campaign creators practically in their entirety in the form of cryptocurrency. The platform charges 4% for ICO campaigns and 4% for crowdfunding campaigns. This fee is taken when the project has successfully finished fundraising. In the case of ICO campaigns that mint new tokens for backers, KICKICO additionally takes 4% of the tokens or cryptocurrency produced by that campaign. This fee is transferred to the KickICO reserve fund.
Economic platform system
KICKICO is a platform on which users will be able to launch fundraising for their ICO, crowdfunding or crowdinvesting projects. Users can also ontribute in ICOs, preICO campaigns, or support crowdfunding. Fundraising is carried out in Ethereum (ETH), so both authors and those who contribute in their campaigns (further backers) can be from anywhere in the world.
KICKICO platform will take 4% commission from crowdfunding campaigns from all received ETH. The commission is transferred to the KICKICO account after successful completion of the fundraising. This comission goes to ensuring the maintenance and development of the platform Also there is a comission of 4% emitted tokens of any project (the only exception is pure fundraising, where no tokens are produced) that automatically is sent to the KICKONOMY Reserve Fund.
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