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Topic: [ANN] KICKICO - PLATFORM FOR FUNDRAISING ON CRYPTOCURRENCY - page 154. (Read 147334 times)

sr. member
Activity: 478
Merit: 250
If u had to decide for an invest between kickico and/or monetha. Would u invest in both or only in one of them?
ofcause i wil select kickico!
kickico has many ico project in their platform!
and with the develpment,more and more ico project will distrubute in the platform and make great profites!
full member
Activity: 392
Merit: 100
Wow big news for the bancor partnership !

But there is only one thing that I don't understand, I've heard of bancor and know their ICO was a big success, et you explained what it was in your post but :


"The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs."

What is CRR please ?

I'm quoting Bancor's whitepaper:

"A smart token utilizes a novel method for price-discovery which is based on a “Constant Reserve Ratio” (CRR). The CRR is set by the smart token creator, for each reserve token, and used in price calculation, along with the smart token’s current supply and reserve balance, in the following way:

                                         Price=Balance/(SupplyXCRR)

This calculation ensures that a constant ratio is kept between the reserve token balance and the smart token’s market cap, which is its supply times its price. Dividing the market cap by the supply produces the price according to which the smart token can be purchased and liquidated through the smart contract. The smart token’s price is denominated in the reserve token and readjusted by the smart contract per each purchase or liquidation, which increases or decreases the reserve balance and the smart token supply (and thus the price) as detailed below.
When smart tokens are purchased (in any of their reserve currencies) the payment for the purchase is added to the reserve balance, and based on the calculated price, to the buyer. Due to the calculation above, a purchase of a smart token with a less than 100% CRR will cause its price to increase, since both the reserve balance and the supply are increasing, while the latter is multiplied by a fraction.
Similarly, when smart tokens are liquidated, they are removed from the supply (destroyed), and based on the current price, reserve tokens are transferred to the liquidator. In this case, for a smart token with a CRR less than 100%, any liquidation will trigger a price decrease.
This asynchronous price-discovery model works by constantly readjusting the current price toward an equilibrium between the purchase and liquidation volumes. While in the classic exchange model price is determined by two matched orders in real-time, smart token prices are calculated over-time, following every order.
The above formula calculates the current price, however, when a purchase or liquidation is executed, the effective price is calculated as a function of the transaction size. The calculation can be described as if every transaction is broken up into infinitely small increments, where each increment is changing the smart token’s supply, reserve balance, and thus its price.
This ensures that purchasing the same amount of smart tokens in a single or multiple transactions would yield the same total price. Additionally, this method ensures that the CRR will be kept constant and the
reserve can never be drained. Essentially, the effect of the transaction size on the price (due to its 3 changing the smart token’s supply and reserve balance) is incorporated into the effective price for any transaction. The mathematical functions for calculating price per transaction size are presented further in this document.
Using this method, the Bancor protocol can enable liquidity and asynchronous price discovery for existing standard tokens -- through smart tokens holding them in reserve, enabling backwardcompatibility.

nice to hear that.  It' s  a great news .  Bancor as a strategic partner .
full member
Activity: 490
Merit: 100
Damn son, a perfect 5 out of 5. And the only one on that site to achieve that score. I would have loved to read any reviews or commentaries from the experts though.
Actually there were several projects that also got that perfect 5 score, but they couldnt keep holding on that score.
I think partnership between different cryptoprojects will be more and more importent. So Kickico is on the right way.
This will be a great community, so im sure they need to get many partnership.
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
I have read that I can use BTC to participate in the ICO . But now I am checking on the website and every time I press BTC I get an error 404 . I know that there is still around 13 hours before ICO start but I am just preparing ! Can I really use BTC to join or I have to exchange my BTC for ETH , If I have to exchange I better start doing it now ^^ .! ?

I think you can only use ETH. As per the website 1ETH = 3000KC. Just use shapeshift or changelly for easy seamless transfer or you can sell your BTC on an exchange for ETH. Cheers.
full member
Activity: 168
Merit: 100
the only ICO trailer I see with the team is playing, very inspiring video Smiley
sr. member
Activity: 840
Merit: 266
I have read that I can use BTC to participate in the ICO . But now I am checking on the website and every time I press BTC I get an error 404 . I know that there is still around 13 hours before ICO start but I am just preparing ! Can I really use BTC to join or I have to exchange my BTC for ETH , If I have to exchange I better start doing it now ^^ .! ?
sr. member
Activity: 630
Merit: 276
Congrats with the partnership!
BANCOR is a good project! Still needs some time to get beter but it will be there someday.

KICKICO and BANCOR will gain profit with this partnership.
Great work Devs. Keep this up
full member
Activity: 182
Merit: 100
I saw that there were more than 11000 likes on facebook and we are just at the beginning. Good news. Be ready for tomorrow Smiley It could reach 70000eth very fast, who know ? Anyway, good luck everyone Smiley
full member
Activity: 294
Merit: 100
Thank you for the answer, it would have been hard to understand without the bancor whitepaper, and I must admit that I did not understand everything, but if it works that's great.

Well this partership seem to allow the implementation of a great feature for KickICO, great job guys.
full member
Activity: 490
Merit: 104
Wow big news for the bancor partnership !

But there is only one thing that I don't understand, I've heard of bancor and know their ICO was a big success, et you explained what it was in your post but :


"The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs."

What is CRR please ?

I know this abbreviation from finance/accounting, there it's some kind of reserve ratio, could be that it's also meant here, but don't know.
The CRR (Constant Reserve Ratio) is a parameter, set by the creator of the smart token for each of the smart token’s reserves. The CRR is a key parameter used by the smart token as an asynchronous price discovery mechanism, as it determines the ratio between the reserve balance and the smart token’s calculated market cap.
sr. member
Activity: 616
Merit: 263
The good news for KickICO keeps coming. Bancor as a strategic partner, that's just great news.
Any more suprises coming our way Wink
full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
Wow big news for the bancor partnership !

But there is only one thing that I don't understand, I've heard of bancor and know their ICO was a big success, et you explained what it was in your post but :


"The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs."

What is CRR please ?

I'm quoting Bancor's whitepaper:

"A smart token utilizes a novel method for price-discovery which is based on a “Constant Reserve Ratio” (CRR). The CRR is set by the smart token creator, for each reserve token, and used in price calculation, along with the smart token’s current supply and reserve balance, in the following way:

                                         Price=Balance/(SupplyXCRR)

This calculation ensures that a constant ratio is kept between the reserve token balance and the smart token’s market cap, which is its supply times its price. Dividing the market cap by the supply produces the price according to which the smart token can be purchased and liquidated through the smart contract. The smart token’s price is denominated in the reserve token and readjusted by the smart contract per each purchase or liquidation, which increases or decreases the reserve balance and the smart token supply (and thus the price) as detailed below.
When smart tokens are purchased (in any of their reserve currencies) the payment for the purchase is added to the reserve balance, and based on the calculated price, to the buyer. Due to the calculation above, a purchase of a smart token with a less than 100% CRR will cause its price to increase, since both the reserve balance and the supply are increasing, while the latter is multiplied by a fraction.
Similarly, when smart tokens are liquidated, they are removed from the supply (destroyed), and based on the current price, reserve tokens are transferred to the liquidator. In this case, for a smart token with a CRR less than 100%, any liquidation will trigger a price decrease.
This asynchronous price-discovery model works by constantly readjusting the current price toward an equilibrium between the purchase and liquidation volumes. While in the classic exchange model price is determined by two matched orders in real-time, smart token prices are calculated over-time, following every order.
The above formula calculates the current price, however, when a purchase or liquidation is executed, the effective price is calculated as a function of the transaction size. The calculation can be described as if every transaction is broken up into infinitely small increments, where each increment is changing the smart token’s supply, reserve balance, and thus its price.
This ensures that purchasing the same amount of smart tokens in a single or multiple transactions would yield the same total price. Additionally, this method ensures that the CRR will be kept constant and the
reserve can never be drained. Essentially, the effect of the transaction size on the price (due to its 3 changing the smart token’s supply and reserve balance) is incorporated into the effective price for any transaction. The mathematical functions for calculating price per transaction size are presented further in this document.
Using this method, the Bancor protocol can enable liquidity and asynchronous price discovery for existing standard tokens -- through smart tokens holding them in reserve, enabling backwardcompatibility.
full member
Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
Wow big news for the bancor partnership !

But there is only one thing that I don't understand, I've heard of bancor and know their ICO was a big success, et you explained what it was in your post but :


"The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs."

What is CRR please ?

I know this abbreviation from finance/accounting, there it's some kind of reserve ratio, could be that it's also meant here, but don't know.
full member
Activity: 294
Merit: 100
Wow big news for the bancor partnership !

But there is only one thing that I don't understand, I've heard of bancor and know their ICO was a big success, et you explained what it was in your post but :


"The first crypto-currency within KICKICO platform that will integrate Bancor protocol and become a “smart token” is KickCoin. The initial CRR for the KickCoin will be 5% of funds raised during it’s own ICO in BNTs."

What is CRR please ?
full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
There's voice activated spell casting but that's where the similarities end. It's very different from the ones above as it's a card game. The ICO page is quite empty so it's not clear what you get in return. You be the judge if 600 ETH is steep or not.

The Magic Wand page is now populated with info. That wasn't the most elegant launch though, starting with a completely white page.

Kickstarter, Fig and Indiegogo have a separate column with reward tiers. Will KickICO also get such a page layout or is that up to the campaign creator?
Basically this game is already on google play in russian version, they need funds for marketing and to launch on other platforms.

We start a campaign on KICKICO to raise sufficient funds to:
1. Translate the game into Russian and Chinese
2. Implement new functionality, including the system of trade relations.
3. Release the game for other platforms: iOS, iOS TV and Android TV
4. Shoot the series of advertising short movies to attract more players
5. Gather the community of “MagicWand” fans of 1 billion players from all over the world.

Point number one is a typo? Should be english and chinese?
full member
Activity: 574
Merit: 115
There's voice activated spell casting but that's where the similarities end. It's very different from the ones above as it's a card game. The ICO page is quite empty so it's not clear what you get in return. You be the judge if 600 ETH is steep or not.

The Magic Wand page is now populated with info. That wasn't the most elegant launch though, starting with a completely white page.

Kickstarter, Fig and Indiegogo have a separate column with reward tiers. Will KickICO also get such a page layout or is that up to the campaign creator?
sr. member
Activity: 378
Merit: 250
1000 OFFICIAL TELEGRAM CHANNEL MEMBERS REACHED!

Join KICKICO Official Telegram channel
communicate with the team and get answers to your questions about KICKICO


This bears repeating: CONGRATS TO KICKICO!

As an active member of the Telegram channel, I cannot recommend joining highly enough.

Get over there now.
member
Activity: 135
Merit: 11
I think partnership between different cryptoprojects will be more and more importent. So Kickico is on the right way.
full member
Activity: 312
Merit: 106
20 hours to go and I already see so many projects jumping onto the Kickonomy. The 50k ETH softcap will be reached in 24 hours for sure. Just wondering what time it may take to reach 200k ETH hard cap. What is your thought guys?? How much time it may take?


Thats not the problem. With regard to the last 100 ICOs, there are no real difficulties to get the amount you want. ICOs are hyped. The project has to show its value afterwards, only the good ones will survive. The idea behind kickico makes me think positive (:
full member
Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
Bancor is dying I'm glad you announced this prtenership, it will be beneficial for both kickico and bancor
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