The world’s first 3-in-1 platform for ICO’s, crowdfunding and crowdinvesting – KICKICO – will make KickCoin a “Smart token” and will offer Bancor “Smart token” solution to all the projects raising funds on the platform, bringing hundreds of new tokens to Bancor network. Together they stand: Bancor is becoming the strategic partner for KICKICO and Eyal Herzog will as well join the board of KICKICO as an advisor.
Innovational and unique platform for small and medium-size projects – KICKICO – is created for raising funds through Initial tokens offering, however the majority of these tokens will not have enough capitalization to be listed and traded on crypto-exchanges and, therefore, they cannot be liquid.
Here comes the solution: integration of Bancor protocol to the tokens’ smart contracts, so that all the fundraisers сould be able to make their tokens really “Smart” by all means.
Bancor protocol is a standard, developed by Bancor, which deals with the problem of long-tail effect for small and medium size currencies, implying that for a token with a relatively small capitalization it is quite complicated to find a proper match.
By joining the Bancor network and making a certain reserve for a token, it is possible to make the token “smart”, so that it could be readily exchanged to any of ERC-20 tokens. And due to diversified and high-potential campaigns launching on the platform, KICKICO brings dramatical value – diversifying the Bancor network and adding hundreds of projects.
Since KICKICO platform is a fully-packed technical solution for the ICOs, project authors will be able to activate “Smart token” by just selecting two parameters in the interface: Smart-token activated or constant reserve ratio %. Following this, their token will become “smart” automatically.
This solution will allow to make any token liquid and to support the value of KickCoin, since it will become a Network token for the platform (by default all projects’ reserves will be in KickCoins and BNT will become the Reserve currency for KickCoin). Moreover, it will give backers an opportunity to sell their tokens any time they want – if the value of a project (and a token) increases, a backer can sell it and get profit respectively. If a project fails, a backer will still be able to sell it for a lower rate at least.
The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs.
Eyal Hertzog will become the Advisor for KICKICO with a strategic role to build awareness and educate about the Smart token within the KICKICO community. He will come to Moscow as a speaker to KICKICO Blockchain meet-up to address projects’ founders and educate them on Bancor “Smart token” solutions.
KICKICO is a platform for safe and easy fundraising for ICO, preICO, crowdfunding and crowdinvesting, whose goal is to create a platform that will not collapse the Ethereum blockchain in the case of a lot of raised funds, and to provide people from all over the world with an easy and convenient way to encourage investments in their projects.
PR Coordinator at KICKICO
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