Reach out and touch faith: KICKICO launches its own ICO to raise 50 000 Ethereum to promote its up-and-running fundraising platform

29 August 2017

After closing the pre-ICO with a 5 000 hard cap and helping to promote the first successful project on the platform as a pilot, KICKICO starts its own crowd sale.

KICKICO is the first up-and-running fundraising platform, powered by Ethereum smart-contracts, registered in Singapore, with a core team in Moscow. The company is headed by Anti Danilevski, one of Russia's fundraising pioneers. Recently Eyal Hertzog, the Founder of Bancor, has also joined the team as an Advisor.
The ICO starts on Aug, 29 at 1 PM UTC and will end on Sep, 29 or once the hard cap of 200 000 Ethereum is reached. The owners also consider the “hidden cap” of 120 000 Ethereum which might be activated if the Ethereum rate increases. There are two types of bonuses available: The Early Bird bonus for early participation and Payment Amount bonuses, depending on the size of the contribution.

The goal of the Initial token offering is to raise funds for the platform’s promotion and build a strong community around it. The funds, collected during ICO and pre-ICO will be spent in the following order:

  • PR & Marketing to promote the platform, the projects and the idea of crypto crowdfunding - 43%;
  • Infrastructure and community development - 20%;
  • Payments for PR & marketing services done for the ICO - 9%;
  • Operational spends, employees, offices, etc. - 8%;
  • Investments return to the early investors - 7%;
  • Legal compliance - 5%;
  • Miscellaneous - 8%

The name of the tokens being issued during the ICO is the KickCoins. The KickCoins will be used within the projects raising funds on KICKICO's platform, giving various discounts and special offers to their owners.

The initial issuance of KickCoins is limited to 700,000,000 KC (+ founders' pool) during the pre-ICO and ICO campaigns. Unsold KC that were created for sale during pre-ICO and ICO will be frozen on a smart-contract without the possibility of their subsequent withdrawal or use (they will be destroyed or "burned"). The initial issue of KickCoins is programmed by a smart contract and will be carried out in the following order:

Sold out during ICO - 600 000 000 (the unsold tokens (if any) will be burned);

  • Pre-ICO - 60 000 000
  • Angel investors - 30 000 000
  • Bounty pool - 25 000 000
  • PR - 23 000 000
  • Advisory - 10 000 000
  • Lottery - 2 000 000
  • Founders pool - 10% from total and will be completely frozen for 1 year.

The ICO starts on Aug, 29 at 1 PM UTC and will end on Sep, 29 or once the hard cap of 200 000 Ethereum is reached. The owners also consider the “hidden cap” of 120 000 Ethereum which might be activated if the Ethereum rate goes up.

KICKICO is a platform for safe and easy fundraising for ICO, pre-ICO, crowdfunding and crowdinvesting. Their goal is to create a platform that will not collapse the Ethereum blockchain, as is the case with many raised funds, and to provide people from all over the world with an easy and convenient way to encourage investments in their projects.

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