Kickcoin Review – Cryptocurrency Guide
KICKICO is a smart contract-powered platform for ICOs, crowdsales, and other crowdfunding endeavors. Find out how it works today in our KICKICO review.
What Is KICKICO?
KICKICO is an Ethereum-based protocol that intends to give protected and simple fundraising to ICOs, pre-ICOs, crowdfunding, and crowdinvesting. The company plans to unify two youthful industries: blockchain and crowdfunding.
Both crowdfunding and blockchain technology have incredible potential, but the industries are loaded with fizzled projects and tricks. KICKICO intends to take care of these issues by moving crowdfunding from unified platforms (like Kickstarter) to Ethereum-based smart contracts.
Using Ethereum smart contracts, KICKICO significantly decreases overhead expenses of running a crowdfunding effort. Smart contracts additionally shield investors from fizzled projects. Investors are shielded from fizzled projects using blockchain-based tokens called KickCoins.
Generally, KICKICO depicts itself as a blockchain-powered crowdfunding 2.0 platform.
How Does KICKICO Work?
Crowdfunding first started making headlines in 2009 with the dispatch of sites like Kickstarter and Indiegogo. Since at that point, however, there has been restricted innovation in the field. KICKICO needs to change that using another new industry – blockchain technology and advanced monetary standards.
KICKICO as of now has a completely operational platform. It’s not only a model. Users would already be able to present their projects through KICKICO.com and begin to acknowledge payments. You can see a rundown of dynamic projects available through KICKICO today.
KICKICO is planned as an ecosystem. They call their ecosystem the “Kickonomy”. Individuals from that ecosystem include organizers (the makers of crowdfunding projects), projects (ICOs, crowdfunding, and crowdinvesting organizations), investors (individuals who bolster crowdfunding projects), and KickCoins (a local cash used on the ecosystem).
Together, these parts make up the KICKICO ecosystem, which means to deliver a few critical advantages to the cutting edge crowdfunding space.
Advantages Of KICKICO
KICKICO expects to change the way organizations dispatch crowdfunding efforts, and how investors take part in crowdfunding efforts. Here are a portion of the proposed benefits, according to the KICKICO whitepaper:
- Allows the formation of a marketplace within a platform
- Rouses project creators to be effective on the platform
- Spurs members to be dynamic
- Increases the liquidity of KickCoins
- Intended to shield investors and supporters from fizzled or false crusades
- Shields investors from defaults
Who’s Behind KICKICO?
KICKICO is driven by originator and CEO Anti A. Danilevski. Danilevsky portrays himself as the ideologist of KICKICO. He likewise established Europe’s biggest crowdfunding community (situated in Russia). He’s additionally known for making program based games, including Carnage, which is one of Russia’s most prominent games. Other key individuals from the team include Co-Founder and CFO Alexander Petrov, and Co-Founder and CTO Andrew Perepelitsa.
An ungainly aspect concerning the KICKICO whitepaper is that it has an “Appreciations” segment. That area is found where the “Counsels” segment is ordinarily found. In that Appreciations segment, KICKICO much appreciated “the ideologists behind the biggest crowdfunding projects in the blockchain economy”. At that point, they post pictures of Vitalik Buterin (Ethereum), Bernard Lietaer (Bancor Protocol), and Sergey Sholom (MobileGo), every one of whom effectively raised funds through blockchain-industry crowdfunding projects.
It’s a bit of misleading, because these individuals are recorded where the “Consultants” spot is normally situated in the whitepaper, in spite of the way that none of these monsters have anything to do with KICKICO. It appears as though KICKICO is trying to convince you that significant names are joined to the project, when in reality, they’re simply pointlessly thanking these real names.
KICKICO was established in November 2015.
How Does KICKICO Make Money?
KICKICO claims that crowdfunding efforts on customary platforms (like Kickstarter) pay fees of 15% to 40%. Platforms charge a 5 to 10% commission expense, another 5% for payment processing, and 10 to 30% as fiat money charges and different charges.
In correlation, KICKICO claims that their platform charges fees of only 4% (in ETH) for ICO battles and 4% for crowdfunding efforts. That charge is taken when the project has effectively finished its fundraising.
In the case of ICO crusades that mint new tokens for sponsor, KICKICO takes 4% of the tokens or cryptocurrency delivered by that battle.
However, you don’t have to make your own particular cryptocurrency to dispatch a crowdfunding effort on KICKICO. Instead, KICKICO urges projects to depend on KickCoins (KC). KickCoins are useful when a crowdfunding effort maker can’t really give away tokens – say, if a maker needs to deliver a play or record a collection, an ICO isn’t really appropriate, but they can in any case dispatch a crowdfunding effort.
KickCoins plan to offer ascent to another idea called “ICOs for crowdfunding”.
What does the company/project do?
KICKICO is a platform for mechanized and independent fundraising efforts including ICOs, pre-ICOs, crowdfunding and swarm investing efforts. The goal is to allow anybody to go in and make their own particular battle in a couple of basic strides without requiring specialized knowledge.
KICKICO is manufactured using Ethereum-based smart contracts, removing the intermediaries in conventional fundraising, for example, banks, payment frameworks and different controllers.
At the initial dispatch, just BTC and ETH will be acknowledged on the platform. Different digital currencies and fiat money (USD, EUR, and so on.) will be acknowledged at a later date.
How best in class is the project?
Below are the past turning points went after KICKICO:
2015: Project design development, prototyping, seed funding got, platform development.
2016: KICKICO Alpha form released.
Walk 2017: Platform integration with blockchain. Blockchain beta variant released.
June 2017: Smart contract organization. Pre-ICO achieves its hard top of 5,000 ETH.
Below are a portion of the booked guide (you can read the entire rundown here):
September 2017: KICKICO open dispatch.
October 2017: Cryptocrowdfunding talk bot adaptation 1.0 and salesforce CRM integration to be propelled.
November 2017: Crowdfunder community dispatch.
2018: Reward framework dispatch, mobile app development, integration with extra platforms in Ethereum ecosystem, crowdfunding blockchain fund dispatch.
2019: KICKCOIN payment framework API integration, stock exchange and mobile apps open release.
2020: API for independent crowdfunding efforts.
What are the tokens used for and in what manner would token be able to holders profit?
Contributors to projects under the KICKICO platform would get a certain level of their contributions in KC token as reward.
Below are a couple of test use cases for KC token.
KICKICO projects have the choice to acknowledge KC tokens as a type of payment.
Payment for a review: projects planning to raise funds on KICKICO can spend KC tokens to obtain review services from the KICKICO community to guarantee the project looks proficient and is prepared to go.
Balance before launching: previously and during the fundraising time frame, KC tokens can be used for balance services.
KC tokens can be used to get in KICKICO’s distributions in order to increase the perceivability of projects.- Payment for interpretation and proofreading services.
As KC tokens can be used for services previously and during fundraising, and in addition as payment for KICKICO projects if they are empowered, the more use of the KICKICO platform, the more profitable KC tokens ought to be.
The team is situated in Russia and at present has 11 individuals. Below is the bio of the key individuals from the team:
Hostile to A. Danilevski, Founder and CEO – broad foundation in game outline and development, and in crowdfunding and online community building. He began the biggest crowdfunding community in Russia and has 7 long stretches of involvement in implementing crowdfunding projects.
Alexander Petrov, Co-author and CFO – business visionary and private investor with skill in the wholesale/retail trading space. Invested in KICKICO in 2015.
Andrew Perepelitsa, Co-author, CTO and Solidity Developer – 12 long periods of involvement in the IT industry with skill in frameworks development, endeavor application integration, and business process mechanization.
Dmitry Raskladka, Chief Business Developer – 10 long stretches of involvement in programming development and advertising. Already worked in RedKeds, an innovative office in Russia.
The crowdfunding industry is substantial, and if KICKICO is fruitful, it can turn into a pioneer in a huge and growing market. Network impact is available. The more users/projects KICKICO has, the more important the platform is.
The blockchain/cryptocurrency industry is growing rapidly. It bodes well for little estimated blockchain projects to fund-raise through KICKICO because KICKICO is the main blockchain-based crowdfunding platform.
KC tokens’ greatest use case is the capacity to use as payment for KICKICO projects. However, the acknowledgment of KC is altogether deliberately by the individual projects. So if those projects pick not to acknowledge KC tokens, the tokens won’t have much utility.
I don’t think organizations will use KICKICO’s platform to dispatch their own ICO. A multi-million ICO facilitated on a Kickstarter-styled site simply doesn’t look proficient. I trust that like Kickstarter, KICKICO is more suited to littler scale fundraising projects.
It appears like the greatest preferred standpoint KICKICO has over the real players is the fees. However, KICKICO isn’t really less expensive than current arrangements. For instance, Indiegogo charges 4% (same as KICKICO) while crowdfunding goal is met.
In the white paper, KICKICO specified that projects with profound pockets currently dominate the crowdfunding platforms. However, I would imagine that the same is likewise valid for KICKICO – projects with a huge spending plan can make their crusades more expert with more PR and marketing.
KICKICO is a two-sided platform which implies that keeping in mind the end goal to be fruitful, KICKICO needs to pull in the two projects and contributors at scale rapidly. Fundraising in cryptocurrency may make another obstacle that makes it more difficult for users to get on-board.
How To Buy Kickcoin?
While reading this review, you must be wondering about how to buy Kickcoin. However, it is simple to buy this coin. This section will help you to know how to buy Kickcoin. At the moment, you can make use of exchanges like KuCoin and HitBTC to buy this coin.
In general, I detest this ICO for flipping and am unbiased about its long-term potential. My contemplations on buying the tokens for flipping and investing for the long term are as follows:
Not good. The hard top of 200,000 ETH is too high and allows everybody who needs to contribute into the project to do as such, leaving no neglected request to prop up token price.
For long-term holding
Nonpartisan. The achievement of KC tokens hinges on 1) the accomplishment of the KICKICO platform, and 2) regardless of whether KICKICO projects acknowledge KC tokens as payments. Since crowdfunding is a quickly growing industry, there are a considerable measure of competitors in this space as of now. I don’t know if KICKICO can beat the existing, more settled competitors.
KICKICO is a working platform that means to simplify the crowdfunding procedure for organizations while minimizing fees. The present crowdfunding platforms like Kickstarter and Indiegogo charge fees of around 15% as a minimum. KICKICO, in contract, charges an expense of 4% in Ether once the crusade is finished (an extra 4% charge is charged if the crowdfunding effort releases its own particular token as a component of the battle).
You can see dynamic battles on KICKICO.com today, including two video games. Creating a battle is simple and available to anybody.
To learn more about KICKICO, visit the platform online today at KICKICO.com.