We begin a small cycle of articles on how we evaluate assets (coins) on the example of specific projects and start-ups.
KICKICO is a Russian project, a platform for PreICO, ICO, crowdfunding, crowdinvesting on the basis of cryptocurrency.
In our opinion, it is quite interesting and promising project, if the developers eventually polish it. Currently it working in a mode of limited functionality and operational testing with the gradual addition of new projects.
Pros:
- an open team with experience in this field. The search in Yandex and Google for the main team members tells us that they had indeed worked in the field of crowdfunding and helped (not for free of course) many companies to get funds on platforms such as Kickstarter and Indiegogo, which means that all the mechanisms are well known to them;
- a promising direction. The scope of the ICO is only beginning to grow, and in the next few years the number of ICOs, as well as the amount of funds raised for them will multiply annually. Accordingly, platforms like KICKICO will grow rapidly;
- self-sufficiency and self-development of the project. This, perhaps, is the main plus of the platform. It does not require its constant maintenance and filling. Users themselves, placing their projects, will attract targeted advertising traffic to the site by their advertising companies thereby increasing the popularity of the resource;
- natural demand for tokens. The platform involves the introduction of fees for the right to place and moderate projects, translation services, etc., which, given the increase in the number of projects, will lead to a natural demand for tokens and a gradual reduction in their number in circulation, which will accordingly lead to an increase in prices.
Cons:
- not a very rapid development of the service. Honestly, it seems that the developers were not ready to so successfully ICO and such a growth in the popularity of the project. Adding new functions to the platform and moderating the new ICO now takes a long time, which is a little sad for both investors of KICKICO, and those who want to add their projects;
- an unclear situation with the regulation of the cryptocurrency. No one doubts that the ICO market will be eventually settled at the legislative level. Today there was news that Vladimir Putin instructed to create the legislative base by July 2018 and in what form it will be executed is not clear. A significant risk is a complete ban on ICO and, accordingly, the termination of the platform. But, in our opinion, the probability of a complete ban is low enough and most likely the business of KICKICO will exist, possibly undergoing some legislative changes;
- demand for tokens is currently decreasing. Of course, if you think on the principle that everything has fallen — then the project is bad, then you should not invest in this project. But if you look at the other side, it’s probably a plus for those who believe in the platform, because gives the chance to buy coins cheaply and to put it into your portfolio.
Our forecast:
We invested part of the funds in this project, at a price of about 0.06 $. Since the time of investment, the price has fallen by 5–10% of the purchase amount, but we are not embarrassed. Depending on the news and the actual actions of the developers, we can even increase the amount of investment. Everything will depend on how quickly and qualitatively the service will be developed.
We expect the beginning of a steady growth of the coin from 2018, when the mass starts of ICO projects begin, a placement fee will be introduced and a natural demand for coins will appear. The peak of growth will be at the end of 2019–2020, when there the ICO boom will occur, including with active involvement of the real sector. At this point, we plan to close our investments. Of course, if there are sharp price jumps several times, then we will reduce and increase the portfolio, according to the situation, but in no case to sell in situations of sharp falls.
This text is not a recommendation to buy. All at your own risk. We just expresse our opinion about one of the coins in our portfolio. If you are interested in a review for any other coin, let us know in comments and we will try to express our opinion. But consider that the cycle is written not on a commercial basis and if suddenly our opinion will be negative, then do not be angry.
If you have any questions — don’t hesitate, write to us at https://t.me/fidcom.
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