Crowdfunding raised to prominence with Indiegogo in 2008 and Kickstarter in 2009. It allowed entrepreneurs with innovative ideas to raise money to turn them into a reality.
Due to the centralized nature of these platforms, there are various limitations and obstacles to their functionality. They charge commission up to 20% and are not entirely available to all international investors. Even though they were created to empower the smaller entrepreneur, they soon became dominated by the larger corporations with larger marketing budgets.
Furthermore, as ICOs have become increasingly popular, there is little to no regulation surrounding them. This has caused various fraudulent campaigns where founders disappear and leave investors without any information. KickICO seeks to solve these problems.
KickICO
KickICO is a unified platform for safe and easy fundraising for ICOs, pre-ICOs, crowdinvesting, and crowdfunding powered by smart contracts. KickICO seeks to provide the necessary resources to fundraisers so that they can successfully bring their ideas to reality – regardless of location, origin, or socio-economic status.
To raise funds for the further development of its platform, Kick ICO initiated a token sale of KickCoins (KC) on August 29th. This sale will end September 16th or when the hard cap is reached. The exchange rate is 1 ETH = 3000 KC and these tokens will be used in Kickonomy, as authors and community members alike will use the token to create an economic ecosystem that facilitates safe and secure ICOs.
A Closer Look
I had the opportunity to interview CEO Anti Danilevski to discuss the scope and vision for this decentralized ICO platform:
When and how did you realize that the blockchain could make crowdfunding more efficient and effective?
В 2015, но было непонятно как. Потом появились смарт-контракты и все сразу встало на свои места. Виталик Бутерин молодец, он сделал потрясающую штуку и изменил мир больше, чем Сатоши, на мой взгляд.
In 2015, but it was unclear how. Then there were smart contracts and everything immediately fell into place. Vitalik Buterin is a fine fellow, he did an amazing thing and changed the world more than Satoshi, in my opinion.
What will be the main differences between the KickICO product today and the KickICO product after the integration of the KickCoin and Kickonomy?
Сейчас есть только платформа и никакого особенного функционала. Все начнется именно тогда, когда мы реализуем все задуманное – голосование за проекты сообществом, в первую очередь. Со временем, количество успешных компаний будет расти, КС будет приниматься все в большем количестве проектов, а не только у нас на платформе. Его ликвидность будет расти, а эмиссия постепенно снижаться, пока окончательно не будет отключена. Поддерживаемый фондом, в который складируеются токены других компаний, успешно завершивших соборы на платформе, востребованный в тысячах местах, я уверен что КС займет одно из лидирующих мест на рынке.
Now there is only a platform and no special functionality. All will begin just when we realize all the plans – community voting, first of all. Over time, the number of successful companies will grow, the KickCoin will be accepted in more and more projects, not just on our platform. Its liquidity will grow, and the issue will gradually decline until it is completely disconnected. Supported by the fund, into which tokens of other companies are stored, successfully completed the contracts on the platform, in demand in thousands of places, I’m sure that the KickCoin will take one of the leading places on the market.
It states in your whitepaper: “We believe the currency will not only grow in value over time, but will later probably be accepted for payment on the KickICO platform.” Why would you potentially decide for it not to be used for payment on your platform?
Рано или поздно, когда эмиссия будет завершена, это логичное развитие платформы – принимать КС. Мы пишем аккуратно, чтобы пользователи не доставали нас одним и тем же вопросом. Нельзя обещать то, о чем нет конкретных дат и сроков, иначе потом негатива не оберешься.
Sooner or later, when the emission is completed, this logical development of the platform – to accept KickCoin. We write carefully, so that users do not ask the same question. You can not promise something about which there are no specific dates and terms, otherwise you will have lots of negativity.
Given that you supply security and safety on your fundraising platform, it is logical that KickICO would take a percentage fee. However, why did you particularly decide on 4%?
Мы берем 4% + 4% токенов, и эти токов идут в фонд, который будет обеспечивать КС. Почему 4%? Это минимальный процент, который позволит нам развиваться, и он достаточно скромный по сравнению со всеми нашими конкурентами.
We take 4% + 4% of tokens, and these tokens go to the fund, which will provide the KickCoin. Why 4%? This is the minimum percentage that will allow us to develop, and it is modest enough in comparison with all our competitors.
If I were to ICO on your platform, KickICO will receive 4% of ETH raised and 4% of my projects tokens. Can you briefly describe the different areas the Kickonomy will provide value to my ICO? Specifically, how it will provide the value of at least 8% of my total funds raised?
Не надо путать. Мы берем 4% со соборов в ЕТН. Вторые 4% стоят ровно ноль, и нет никаких гарантий что они будут стоит больше. Даже наоборот, шанс что их цена вырастет лично я оцениваю не больше, чем 20%, в лучшем случае. Кроме того, не стоит забывать, что даже если токены эти вырастут, то они будут принадлежать не нам, а будут помещены в фонд, поддерживающий кс. Таким образом, эти токены будут принадлежать сообществу, владеющему токенами, что выгодно всем – и платформе, и авторам, и особенно бэкерам.
Do not be confused. We take 4% from crowdfunding in ETH. The rest 4% is exactly zero, and there is no guarantee that they will be worth more. On the contrary, the chance that their price will grow, personally I estimate no more than 20%, at best. In addition, do not forget that even if these tokens grow, they will not belong to us, but will be placed in our fund that supports the KickCoin. Thus, these tokens will belong to the community that owns tokens, which is beneficial to everyone – both the platform, and the authors, and especially the backers.
Conclusion
Thank you Anti, for taking the time for this interview and sharing with us your vision for a marketplace of ICOs and crowdfunding campaigns. The KickICO token sale raised $20m in its first 20 minutes and is still live. Further information about KickICO’s ICO can be found here.
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