ICO review of kickcity (KCY): valuation, analysis, token cost | Digital Rating Agency
We will call you soon!
Satisfactory level of investment attractiveness
Considerable risk exposure, high sensitivity to market conditions
B1
11/23/2017
Medium
Quality Rate
No detailed scores
ICO
finished
Start: 01/03/2018
End: 31/03/2018

kickcity

About
Team
Sale details
Tokens

KickCity is a Y combinator startup school Alumnus and completed Microsoft Bootcamp in Helsinki. The startup has innovative products that currently generate revenue. KickCity has offices in Delaware, Houston, Helsinki, Moscow and Saint Petersburg.

KickCity is building products that will drive huge demand of KickCity Tokens (KCY) while creating real value to the users. By creating the online value community, which is supported by a strong offline events community, KickCity will be a bigger Facebook for the crypto community and cause adoption of cryptocurrencies.

Gideon Nweze
Brylan Chinonso
Artem Shatilov

Launch date: March 1st 2018, 9:00 AM EST (1:00 PM GMT);

End date: March 31st 2018, 7:59 PM EST (11:59 PM GMT);

160 Million smart tokens will be available for crowdsale;

We will accept Bitcoin and Ether;

Bonuses:

Day 1: 15%;

Day 2–10 : 10%;

Day 11–20: 5%;

Day 21–31: 0%;

250 Million KCY will be created;

160 Million KCY will be sold during crowd sale and all unsold tokens will be destroyed.

1 Million tokens will be allocated for user adoption and air drops;

Team tokens — 30 Million (70% of team token will be vested for a maximum period of 4 years);

Partner tokens  — 30 Million (Partner Tokens  include bounty & marketing, advisors, traditional angel investors, who invested in KickCity 2 years ago;

30% of the partner tokens will be vested for a maximum period of 4 years);

KickCity pool — 30 Million tokens will be retained by KickCity for future sales.

Rate history

Decentralized platform for building value virtual communities based on events. Event organizers, within the framework of the platform, are given the opportunity to organize their "bounty programs" to motivate participants to promote them. Those who buy a ticket on the kickcity platform also receive a reward for using the platform in the form of KCY tokens. In addition, the option of event-crowdfunding is laid. The goal is the creation of value online communities that monetize information within it with real values (in this case, KCY tokens). Another interesting attempt to make a symbiosis of Facebook, Slack, and Telegram using blockchain. "The basis of the platform" - smart KCY tokens on the Bancor protocol. Its value will directly depend on the ability of the team to find permanent partners among the major players of the industry, as well as on involving the participants in the project. Despite the fact that it is the first team's attempt to implement the blockchain project, they managed to assemble a good pool of advisers, that includes world-class experts. However, there is information that raises questions, in particular, contact information and addresses. Сonnection with the real sector (event-industry) requires a significant amount of cash flow, that creates additional risks for investors in the legal field of the Russian Federation and other countries. The full report is coming soon.
Kickcity project, B1 rating score of investment attractiveness: considerable risk exposure, high sensitivity to market conditions. The aim of KickCity is to create a decentralized platform to host events and attract participants. The platform will operate on the basis of a decentralized P2P Protocol for event-marketing, in which users will be rewarded for promoting various events. P2P-Protocol of KickCity will use smart contracts for the distribution of remuneration among users, based on their contribution to the promotion of events. The developers claim that such a system will have exponential growth of interactions within the platform, and a token KCY will become a universal token for the event industry. In our opinion, the team actually solves the existing problem of the ineffectiveness of online advertising and inflated cost of participation in events and offers promising idea for monetizing content and actions aimed at the promotion of events. The team has positioned itself as an international level player, but at the moment it is far from reality. Platform KickCity first has to become known and visited one. The team pointed to their competitive advantages, however, they do not consider similar projects, based on the blockchain. The project has not yet attracted the attention of large investors. The liquidity of the token KCY and the success of the project as a whole will directly depend on the ability of team members to build up an effective campaign to attract the public to the project. Also, the team doesn't describe any regulatory risks of holding the ICO. Pros and cons of the project, as well as our recommendations, can be found in our report.
Token
kickcity
Price
1 KCY = 0.003 ETH
Hard cap
12,500,000 USD
Platform
Bancor
Token type
ERC20
Accepted
ETH
Country
Russia

Downloads and links

Website
Report
Whitepaper
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com