KICKICO August, 29

Since the late 2000s, when Kickstarter (2009) and Indiegogo (2008) were launched, the world has been watching the rise of crowdfunding. Many project creators believe that crowdfunding platforms are just a simple way to raise funds for a project without needing to attract fickle VC investment.

However, in fact, there are a lot of limitations and obstacles.

First, traditional crowdfunding platforms do not accept projects from countries where they have no presence. Second, they charge high commissions (15-20%), as do the payment systems people must use to contribute with. Third, they are overwhelmed with "failed" projects that let down the backers and the platform itself. Fourth, the larger crowd-funding platforms became all about big companies with strong marketing, rather than about creators with bright ideas, but no marketing budget.

The crypto-revolution that is happening now will change things, facilitating fundraising and making it as easy and simple as it is supposed to be. Decentralization, crypto-currency, and smart-contracts are the new solutions for a project to raise funds.

Backing the campaign

Any user registered on the platform can back a campaign if it is active (launched).
In the case of campaigns that distribute tokens to backers, regardless of whether this is an All-or-Nothing or Safe campaign, the smart contract holds all the funds until the campaign is completed. If fundraising is successful, then all of the funds from this unique wallet, minus the platform fee, are transferred to the creator's wallet, and the backers receive their rewards and KickCoins in proportion to their pledges.
If a campaign fails, the funds are returned to the backers' wallets from which they were transferred and they receive no KickCoins or rewards.
Later, the platform will allow users to use external BTC wallets, or they can generate new wallets on the user's account. Users will be able to add funds to these wallets from outside or transfer funds from them to their private wallets, exchanges, or markets. Campaigns launched on the KICKICO platform can be backed from these wallets.

ICO

Their ICO will be held on the KICKICO platform itself starting on August, 29. It will end either when the hard cap of 200 000 Ethereum is raised or on September, 29.
600 000 000 KickCoins will be distributed during the ICO. 30 000 000 KickCoins have been already distributed during the ICO.
The price is set at the rate 1 Ethereum = 6 000 KickCoins.
It is possible to take part in ICO with both Ethereums and Bitcoins.

For more details see this white paper https://www.kickico.com/whitepaper