Categories: Press Releases

KICKICO Announces Whitepaper on Correcting Security & Accessibility Issues in ICO and Crowdfunding.

Ethereum-based protocol, KICKICO, launched a whitepaper detailing current issues in ICO fundraising and crowdfunding campaigns and the ways their platform can negate risk of fraud via use of KickCoins and pre-launch checks.

Moscow, RU, June 26, 2017– KICKICO, a protocol built on Ethereum for more transparent ICO and crowdfunding, released a whitepaper that pledges to solve many catastrophic issues within funding campaigns. KICKICO developers are testing the platform, which will launch for the public in September 2017.

The typical notion of crowdfunding – the raising of funds through the power of many – has been around for about ten years as pertains to fiat (government-backed) currency, but Initial Coin Offerings (ICOs) are becoming increasingly popular among startups working with blockchain technologies as a way to raise equity in cryptocurrency.  

Despite the recent spike in adaptation, fundraising in cryptocurrencies is still uncharted territory and there are risks associated with little regulation. For example, there is little to protect investors against fraud committed by dishonest founders. Another issue is the fact that information about ICO campaigns is mostly in English, effectively marginalizing the vast majority of tech companies around the globe who are not native English speakers.

KICKICO’s white paper details the company’s efforts to solve issues of campaign fraud for ICOs, crowdfunding, and crowdinvesting as well as break the language barrier by making information more accessible. By building KICKICO on the Ethereum blockchain, the company is able to use smart contracts to add layers of security and automation to campaigns.

Campaign backers will receive KickCoins, KICKICO’s own currency that is tradable on exchanges, which will grow overtime and protect against bad actors. KickCoins are only issued in exchange for Ethereum and other cryptocurrency; this form of backing ensures that the value of KickCoins will not easily depreciate. When KICKICO launches in September, fiat money will be accepted as well.

Related Post

As more campaigns join the KICKONOMY, the more KickCoins will appreciate in value. The platform is easy to navigate, and campaigns can be localized by authors. KICKICO has compatibility in most common languages, so individuals can back campaigns from all around the world.

KICKICO offers three types of campaigns for pre-ICO/ICO, crowdfunding and crowdinvesting: All-Or-Nothing or Safe. All-Or-Nothing campaigns function similar to Kickstarter, where a target amount of funding is set, and the campaigns will not receive funds if they don’t reach that amount within a given time frame. Safe campaigns will receive their funds even if they have not reached the target amount. In both of these types of campaigns, if the author cancels the campaign before the end date, the backers get refunded.

To learn more about KICKICO, read the whitepaper HERE.

For media inquiries, please contact Kelley Weaver at Melrose PR Kelley(at)melrosepr(dot)com or call (310) 260-7901.

About KICKICO

KICKICO is a single, unified platform for cryptocurrency crowdfunding, solving current issues with fraud and inaccessibility, providing users with a convenient, up-to-date platform for Initial Coin Offerings and crowdfunding campaigns.

This is a sponosored Press Release and does not necessarily reflect the opinions or views held by any employees of The Merkle. If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

Mark Arguinbaev

I'm a 28 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Share
Published by
Mark Arguinbaev
Tags: kickico

Recent Posts

Loopring Price Up 26% After Vitalik’s Blog Post Mentions LRC

Loopring price is up over 26% today, making it the second biggest gainer on Crypto.com.…

1 hour ago

Liquid Craft NFTs: The Dragons & Bourbon Series

Liquid Craft - aiming to implement a new concept for blockchain technology and the traditional…

3 hours ago

Top 5 Metaverse Coins to Buy on Crypto.com

Metaverse coins are all the hype in crypto these days. As traders are looking to…

16 hours ago

Decentraland Price Up 25%, Market Cap About to Surpass the #1 Metaverse Project

Decentraland price is up over 25% today, making it the biggest gainer on Crypto.com. With…

22 hours ago

3 Awesome Meme Coins You Probably Haven’t Heard Of

With the absurdly high amount of different meme coin projects on the market, it's hard…

23 hours ago

Why Decentraland Is the Best Metaverse Project on the Market

We've been covering a wide variety of metaverse coins the last couple days. There are…

1 day ago

This website uses cookies.