Blockchain technology has brought decentralization to many different industries. The most obvious applications of decentralized ledgers have now already reached unparalleled levels of success, but every day new initial coin offerings are presenting the crypto ecosystem with innovative new applications of blockchain tech.
One of the most innovative new applications of blockchain technology is in the events sector. KickCity is a new startup that aims to provide both a unique decentralized method for content publishers to gain value for their work, as well as a community-based event platform.
KickCity is a social network and marketing platform fueled by reward-based cryptocurrency incentives called KICK tokens. It functions just like Facebook in that you can create your own profiles, your own events, and your own groups. What sets KickCity apart is that users can earn KICK tokens as a reward by participating in 2 areas:
- Event Hosting and Promotion
- Building Networks Through Group Communities
What Is KickCity ICO?
KickCity intends to function as a blockchain-based community platform as well as a decentralized peer to peer event marketing and promotion platform. Traditionally the conversion rate of CPC based event marketing is low- the KickCity platform intends to issue smart contracts in order to provide participants with tokens based on their promoting influence.
The Kickcity platform is designed to use cryptocurrency in the form of KYC smart tokens and facilitate intelligent event crowdfunding. These tokens can also be used as a white label network token that can integrate with established event companies. The KickCity platform is driven by Eric Benz, the managing director at CryptoPay, Sebastian Stupurac, a crypto and blockchain specialist, and Yonata Ben Shimon, the CEO and founder of Matchpool.
How it works
Each event has a marketing pool where vendors can allocate KCY tokens for gift-based marketing. Once the campaign is launched, any user can click on the event and the smart contract generates a unique link for the user.
Users can then share this link with their friends on social media and get rewards when there is a conversion (ticket sales or registration). Smart contracts track all transactions and automatically transfers gifts in a transparent manner.
Tickets can be purchased using Bitcoin, Ethereum, KCY tokens and FIAT. Most event participants have FIAT and the event organizers want money. By accepting FIAT and paying prizes only in KCY tokens, KickCity will simplify FIAT to Crypto for events.
The KickCity ICO Roadmap
Kickcity has already finished development of web, native iOS, and Android platforms, and is currently in the process of blockchain development, which should finalize Q4 this year. The initial market entry of the Kickcity solution is slated for Q1 2018, with ongoing expansion from this date.
Benefits of Smart Tokens:
Continuous Liquidity – since purchasing and liquidating is done through the smart contract, smart tokens are always liquid, irrespective of their trading volume;
- No Extra Fees – the only mandatory fees applied by a smart token
- No Spread – since the price calculation is done algorithmically by the smart token, the same price applies for purchasing and liquidating the smart tokens;
- Lower Volatility.
The Token Sale
The token sale starts from 1st March 2018 and will continue for one good month and wraps up by 31st March 2018.The conversion rate: 1 KYC = 0.10 USD. The total token supplies for the sale is – 250 tokens. The accepted currencies are Bitcoin and Ether. Different days of the token sale will bring bonuses intact for the participants.
Some other relevant information as regards the token sales
- Release date: 01.03.2018
- End Date: 31.03.2018
- Target: 12.5 million USD
- Total amount: 250 million KCY
- Total number of sales: 160 million KCY, unsold KCY will be burned
- 1 KCY will cost you 0.1 $Payment method: BTC and ETH
Token requirements
250 Million KickCity Tokens (KCY) will be created.160 Million KickCity Tokens (KCY) will be sold during crowd sale and all unsold tokens will be destroyed
Partner Tokens — include Bounty & Marketing, Advisors, Traditional Angel Investors (who invested in KickCity 2 years ago).30% of the partner tokens will be vested.The percentage distribution of KCY tokens MIGHT change following forecasting on the Wings platform.
THE TEAM
KickCity is an innovative company with highly inspired and experienced developers who have worked in big IT companies like Google, Facebook, Yandex, and Mail Group
If you are interested in contributing to the project, the token sale is open at https://ico.kickcity.io/ or for more detailed information about the project and the conditions of participation in this ICO, I recommend to visit the links below:
- Website: https://ico.kickcity.io/
- Whitepaper: https://whitepaper.kickcity.io/en.pdf
- Twitter: https://twitter.com/kickcity_io
- Facebook: https://www.facebook.com/KickCityio
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