Update: KickCity Token-sale Terms
As a community platform, we believe that community is power. For this reason, we allowed members of community to contribute and share their opinions on our current products, future products, mission and token sale terms.
Here are the Updates
- We will create only 500 Million KCY tokens instead of 1 Billion tokens.
- Our hard cap remains fixed at 12.5 Million USD
- 160 Million KCY tokens will be sold during crowd sale and all unsold tokens will be destroyed.
- 100 Million tokens will be allocated to the current and future KickCity team members. 70% of which, will be vested for a maximum period of 4 years.
- Partner Tokens — 100 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.
- 140 Million tokens will be retained by KickCity.
It is very important to note that 2% of every transaction in the value communities will be used to buy back KCY tokens thereby affecting its value up.
The Value Communities
The Value Communities will provide a platform for “experts” to monetize their contents without depending on advertisement. Members can pay a subscription to join a channel or group created by experts who provide contents. Imagine Vitalik Buterin with his channel or an experienced trader who shares valuable information to the community. The Value Community will give them the opportunity to receive reward for the value he is creating and also reward the most active members for their contribution. That is a fair and trusted community.
