And dev, what's the use of kickcoin for regular members of the community?
Since kickcoin will only be used by project authors based on this words :
"KickCoin digital token is a virtual currency, which is designed to be used by project authors for mutual settlements inside KICKICO to pay for the launch of their crowdfunding projects, to purchase services for crowdfunding projects, and for other internal processes and payments within the infrastructure of the KICKICO and KICKONOMY. KickCoin is a cryptocurrency awarded to backers who support preICO, ICO, or crowdfunding campaigns."
I think that's for the Kickonomy part, they plan to have a marketplace where we can pay with Kickcoin. The project is more than just the ICO launcher platform
But even without this, since the Kickcoins have a value, you can just trade them in exchanges.
i agree with you.
look back to image on the first page, it show some place accepting kickcoin. so, in the future we can use kick coin to pay something, not only trade it.
Yes, that is this part of the whitepaper :
KICKONOMY
This term defines the ecosystem of projects that accept KickCoins. If a project launched on the platform has the KICKONOMY banner, it means that after its release it will accept KickCoins for payment. Thus, the more campaigns involved in KICKONOMY, the more liquid and popular KickCoins become.
Economic platform system
KICKICO is a platform on which users will be able to launch fundraising for their ICO, crowdfunding or crowdinvesting projects. Users can also invest in ICOs, preICO campaigns, or support crowdfunding. Fundraising is carried out in Ethereum (ETH), so both authors and those who invest in their campaigns (further backers) can be from anywhere in the world.
KICKONOMY ideology
It is important that the relationship between authors, backers and the community be mutually beneficial and strong. KICKICO expands the framework of the platform, creating a transparent ecosystem to unite the community, backers and projects. Long before the launch of the platform, we created the principles for organizing the relationships between all participants of KICKONOMY.
The balanced and limited issue of KickCoins is tied to campaigns successfully being completed on the platform. The KickCoin = ETH starting rate for emissions after the release of the platform will be fixed at the level of 1 KickCoin=0.0005 ETH, which forms the value of the token in the eyes of the backers participating in the campaigns. However, with the growth of the exchange rate, the emission rate will be adjusted for the market, so the emission rate on the platform won’t reduce the market value of KC.
We are organizing rules of circulation that stimulate demand, thanks to unique goods, services and privileges for users, minus the limited emission.
Business — KICKONOMY open environment, and KickCoin free currency, any business can easily use KickCoin as a means of payment within the platform, and attract a new, loyal, solvent audience to their projects
KickCoin is the fuel of KICKONOMY, a freely circulating cryptocurrency, and a convenient payment instrument
Community — backers, activists, consumers of project services.
Projects are already functioning businesses or projects that are at the launch stage who are in the process of crowdfunding or crowdinvesting campaigns;
Marketplace is an internal platform service that combines products and services for projects, including unique ones. Allows projects to receive an influx of a new loyal audience and funds, which increases the liquidity of KickCoin
Services — KICKICO plans to create a self-regulating KickCoin community reward system for useful activities such as translations, surveys, localization and promotion, by giving project authors a convenient tool to attract community
Exchange is a tool that supports the liquidity of KickCoin and the liquidity of the project's tokens
Fund, as a separate entity, governed by the community
So the kickcoins will be more than just a reward for the utilization of the KickICO platform