KICKICO is a platform for automated and independent fundraising campaigns including ICOs, crowdfunding and crowd-investing campaigns.
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What does the company/project do?
KICKICO is a platform for automated and independent fundraising campaigns including ICOs, pre-ICOs, crowdfunding and crowd-investing campaigns. The goal is to allow anyone to go in and create their own campaign in a few simple steps without requiring technical knowledge.
KICKICO is built using Ethereum-based smart contracts, removing the intermediaries in traditional fundraising such as banks, payment systems and other regulators.
At the initial launch, only BTC and ETH will be accepted on the platform. Other cryptocurrencies and fiat money (USD, EUR, etc.) will be accepted at a later date.
KICKICO aims to solve the problems relating to crowdfunding and ICO:
- Traditional crowdfunding platforms such as Kickstarter and Indiegogo do not accept projects from regions where they do not have presence. KICKICO’s platform allows money transfers to take place anywhere around the world, as long as there is Internet.
- According to KICKICO, existing crowdfunding platforms charge high commissions (15-20%) and creators are left with only 60-80% of the funds raised and may end up failing to deliver on their promises. In contrast, KICKICO charges only a 4% fees.
- The ICO market is becoming increasingly popular but it is still highly fragmented and developers need to create their own landing pages and publicity campaigns from scratch. KICKICO aims to consolidate the fundraisers, campaigns and potential investors.
- KICKICO aims to provide a platform that is intuitive and easy to use without requiring technical knowledge or the creation of their own cryptocurrency or tokens.
What are the tokens used for and how can token holders make money?
Contributors to projects under the KICKICO platform would receive a certain percentage of their contributions in KC token as reward. As KC tokens can be used for services before and during fundraising, as well as as payment for KICKICO projects if they are enabled, the more usage of the KICKICO platform, the more valuable KC tokens should be.
The crowdfunding industry is large, and if KICKICO is successful, it can become a leader in a large and growing market.
Network effect is present. The more users / projects KICKICO has, the more valuable the platform is.
The blockchain/cryptocurrency industry is growing quickly. It makes sense for small-sized blockchain projects to raise money through KICKICO because KICKICO is the only blockchain-based crowdfunding platform.
KC tokens’ biggest use case is the ability to use as payment for KICKICO projects. However, the acceptance of KC is entirely voluntarily by the individual projects. So if those projects choose not to accept KC tokens, the tokens won’t have much utility.
We believe that similar to Kickstarter, KICKICO is more suited to smaller scale fundraising projects.
It seems like the biggest advantage KICKICO has over the major players is the fees. However, KICKICO is not necessarily cheaper than current solutions. For example, Indiegogo charges 4% (same as KICKICO) when crowdfunding goal is met.
In the white paper, KICKICO mentioned that projects with deep pockets now dominate the crowdfunding platforms. However, we would imagine that the same is also true for KICKICO – projects with a large budget can make their campaigns more professional with more PR and marketing.
KICKICO is a two-sided platform which means that in order to be successful, KICKICO needs to attract both projects and contributors at scale quickly. Fundraising in cryptocurrency may create another hurdle that makes it more difficult for users to get on-board.
The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.