Kickcoin Review

Getting a Kick out of Kickcoin

Introduction
Cryptocurrency is all the rage nowadays and understandably so. It is an interesting implementation of the inarguably intriguing technology known as blockchain, which essentially relies on cryptography and decentralization to make applications such as financial transactions more secure and transparent. Owing to all the hype, the number of cryptocurrencies have increased drastically over the past decade. One such cryptocurrency with immense potential as an ICO (initial coin offering) token is Kickcoin.

Contents

• What is Kickcoin?
• Why choose Kickcoin?
• Functional specification

What is Kickcoin?
Kickcoin (KICK) is the cryptocurrency associated with KICKICO, which is a crowd funding and crowd investing platform. It provides its users, which include advisers, escrow-agents, designers and project authors, with online fundraising tools that operate through decentralized blockchain technology and smart contracts.

KICKICO is usually involved in ICOs, crowd investing and crowdfunding campaigns. An initial coin offering (ICO) is essentially a means of raising funds for ventures and startups which don’t prefer the heavy regulations they have to face when raising funds from traditional investment banks or venture capitalists. Such a campaign involves selling a percentage of the cryptocurrency to early backers of the venture in exchange for other valuable cryptocurrencies.

KICKICO charges 4% for both ICO and crowdfunding campaigns once the venture has completed fundraising, compared to the 5-10% commission fee charged by other platforms for placement.

Why choose Kickcoin?
Why would a business opt for Kickcoin though? What’s in it for an early venture? By choosing Kickcoin, business or project joins the Kickonomy ecosystem which unites a variety of products, from games to services, with Kickcoin as the currency. KICKICO charges 4% for both ICO and crowdfunding campaigns once the venture has completed fundraising, compared to the 5-10% commission fee charged by other platforms for placement.

The mere presence of a cryptocurrency, however, will attract new users and backers to your project, who will get rewarded Kickcoins every time their supported venture finishes KICKICO. The Kickcoins can be saved, or they can be sold on the exchange, thereby presenting an incentive for backing your project.

Furthermore, joining a cryptocurrency-based ecosystem will certainly create headlines and direct attention towards your project in an age where there is such exuberance associated with cryptocurrency. By choosing Kickcoin, you get another benefit associated with other forms of cryptocurrency as well: ease of taxes, regardless of the location. Cryptocurrency is rapidly being legalized in various countries, with South Korea being a recent example.

Finally, you have an excellent opportunity to reward your customers in Kickcoin, instead of relying on fiat money. This will not only be free for you but will also improve your customer relations and engagement.

Functional specification
Let’s take a look at how Kickcoin functions in conjunction with the KICKICO platform. All users must be registered on the platform to carry out any activities. Registration is a standard process through email, or you can sign in through Facebook, Google or Twitter.

All users of the platform have their unique wallet created automatically. The password for a newly created wallet is the same as the user's account on the platform, but it can be changed if the user wishes. A backer is anyone who supports a campaign on the platform. If a backer supports a campaign that has its cryptocurrency or token, then it will be sent to that backer's Ethereum wallet. The creator of the campaign can also serve as the backer.

A creator is a user who created their campaign. After creating a campaign, a user becomes its creator and receives the corresponding status and access. A creator can create only one launched campaign at a time but may create any number of drafts. Drafts that have passed moderation are 'Public Drafts' and will be listed on the 'Public Drafts' page. If the creator has set the launch date, they become 'Upcoming' and will appear on the 'Upcoming' page or the main page, depending on the stage of platform development.

Finally, no user data such as an email account or wallet ID is made available to other users or moderators working on the platform.

Conclusion
Businesses struggle in the early stages largely due to a lack of viable opportunities for attracting investors or generally raising funds. The success of crowdfunding platforms such as Kickstarter and Indiegogo has shown that such programs are reliable; however, they lack the transparency and value that KICKICO brings to the table. With almost 200 campaigns in the works already and a lot of attention being bestowed on it, KICKICO with Kickcoin is the future of crowdfunding.