KICKICO FOR SOLUTIONS ICO MARKET PROBLEMS

In the mid 2010s the start-up industry is experiencing dramatic changes. The method for financing companies and projects tends to decentralisation and diversified funding made by the general public. Venture capital is losing its share while Crowdfunding and ICOs raise capital at a rapid rate. At the same time the new blockchain technology has given start-ups the opportunity to fundraise in a more independent and decentralized way.


An increased number of successful ICOs and soared funding in general testify high demand for this method for backers.
As ICOs, or "Initial Coin Offerings", become increasingly popular, more and more companies are using this technique as a fundraising mechanism. However, this is a new frontier and there are no regulations around it. As a result, there are many fraudulent campaigns, where founders disappear after they have raised funds, essentially scamming the public.

The founders of ICOs also face problems. The space is currently very fragmented, there is no comprehensive list of ICOs, and developers must create their own landing pages and publicity campaigns from scratch. This reduplication of effort wastes time and resources that could otherwise have gone into developing a better product.This fragmentation also affects potential backers adversely. People currently find out about ICOs more-or-less at random.
After someone does make the decision to teke part in an ICO, there is another sticking point: ICOs take place on multiple different exchanges, using multiple different currencies, often requiring a lengthy verification process. More potential backers are lost at this stage.And finally, companies that would like to enter the ICO market, but do not have their own cryptocurrency or tokens, are completely deprived of such an opportunity. If you are not an Ethereum developer, it's incredibly challenging to launch an ICO. Thus, as of today, there is no single convenient venue either for creators of ICO campaigns or their backers. There is no single platform that allows for convenient viewing and discussion of campaigns without prior technical knowledge.

Crowdfunding has its own difficulties. After raising millions of dollars, many large projects either flopped, never kept their promises, or completely disappeared. As a result, a huge number of people lost their money along with their belief in crowdfunding. As many as 80-90% of crowdfunded projects never deliver their product.
The main problem in crowdfunding is that backers are completely unprotected and there are no guarantees that they will not lose their money. Problems that campaign creators have to deal with are equally challenging. Launching a Kickstarter campaign requires a resident to be present in one of the countries of official work, and there is also a lot of paperwork to fill out. As a result, many creators have no access to large crowdfunding platforms, limiting their fundraising opportunities, and narrowing the reach and diversity of the platforms.Crowdfunding is now dominated by astroturfing campaigns run by large, well-funded companies, rather than indie developers. This inversion of the intended purpose of crowdfunding happened for financial as well as legal reasons. The hidden costs associated with running a crowdfunding campaign are not commonly recognized:
5% fee to the platform
3-5% for payment processing
Costs of rewards for backers
Fee to a platform residence based intermediary (if the project is not based in the country where the fundraising platform operates)
Professional PR services to promote the campaign
Taxes on funds raised
In the end, creators are only left with 60-80% of the funds raised. This is one reason so many crowdfunded projects fail to deliver on their promises; there is not enough money left over after paying the expenses of the campaign. Some crowdfunding campaigns even end up costing the creator more than they raise.

KICKICO's Platform is an online blockchain technology-based crowdfunding platform which provides its Users (project authors, backers, advisers, escrow-agents, translators, designers, advertisers) with online fundraising tools that operate through decentralized blockchain technology and smart contracts.
These tools provide opportunities to:
  • launch ICOs, pre-ICOs, and crowdfunding campaigns
  • provide various support services related to the launching of ICOs, pre-ICOs, and crowdfunding campaigns
  • ensure the safety of PreICOs, ICOs and other crowfunding campaigns, using KickCoin cryptocurrency for internal payments 
Unlike other platforms that charge a 5-10% commission fee for placement, not to mention another 5% given to the payment system and 10-30% paid by creators as fiat money taxes, funds on KICKICO are transferred to campaign creators practically in their entirety in the form of cryptocurrency. The platform charges 4% for ICO campaigns and 4% for crowdfunding campaigns. This fee is taken when the project has successfully finished fundraising. In the case of ICO campaigns that mint new tokens for backers, KICKICO additionally takes 4% of the tokens or cryptocurrency produced by that campaign. This fee is transferred to the KickICO reserve fund (see Fund section below).

Comparison of various commissions and rates to attract backers from all over the world (including bank account fees)
All other funds are immediately transferred to a campaign creator who decides where, how, and on what terms their taxes will be paid. Therefore, many creators of crowdfunding campaigns launched on KICKICO pay only 4% fees in ETH as compared to a minimum of 15%-40% if they are launched on first-generation crowdfunding platforms.
For informations :
Slack : SLACK


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