I did not have any answer to my question so I try again :
« In the future, we plan to register a non-profit foundation as a separate entity. This will be feasible when all necessary regulatory approvals are clarified, primarily the SEC and MAS. After that, the fund will be officially registered as a separate legal entity (fund), and management will be decentralized and transferred to the community, which annually elects its representatives - delegates.
Delegates will receive the right to manage the fund: transfer of "garbage" tokens into the reserve fund, improvement and strengthening of the fund's portfolio, and other organizational functions. Management will be carried out by voting, with a 51% consensus among the voters. »
In this case, will the token give dividend to the users of the goal is just to increase KickIco fund ? Delegates will have rewards for their participation to the governance ?
And other question : Do you plan to integrate a rating system, or a forum linked to every ICOs so users can rate the ICOs and their potential and talk about it ?
« In the future, we plan to register a non-profit foundation as a separate entity. This will be feasible when all necessary regulatory approvals are clarified, primarily the SEC and MAS. After that, the fund will be officially registered as a separate legal entity (fund), and management will be decentralized and transferred to the community, which annually elects its representatives - delegates.
Delegates will receive the right to manage the fund: transfer of "garbage" tokens into the reserve fund, improvement and strengthening of the fund's portfolio, and other organizational functions. Management will be carried out by voting, with a 51% consensus among the voters. »
In this case, will the token give dividend to the users of the goal is just to increase KickIco fund ? Delegates will have rewards for their participation to the governance ?
And other question : Do you plan to integrate a rating system, or a forum linked to every ICOs so users can rate the ICOs and their potential and talk about it ?
Non-profit foundation to govern the fund, main idea is to grow the fund to support KickCoins and the platform sustainability, not to earn profits for the fund. So the benefits that the fund has will go to all KickCoins holders when they see the price go up.
About the rating system - yes, there will be a rating system and the ability to discuss the projects publicly on the platform before the launch when public draft is published
That non-profit foundation sounds somehow strange to me. It's ok the fund will not earn profits for itself but it will allow to generate profits not only to users, but also for the company, that lastly will fund the foundation. I mean, the non-profit part is just for marketing?
Non-profit refers to the fund itself. All the profits that the fund generates will go to feed the KickCoins value and provide funds for KICKICO platform development
But isn't that a bit of overhead for its purpose?
Regarding the whitepaper, it will be composed of the community. That means free workforce or will they be compensated in any way?
According to the whitepater, the fund will control KickICO starting on 2019. The original development team can be "kicked" out of KickICO then? Can the community run a coup against the original team and take over all its operations?
The fund is not in control of KICKICO. The fund controls the tokens of the projects that are transferred to the fund after campaigns finish their ICOs on the platform giving the 4% of their tokens to the fund. Thus, the fund will serve as a backbone of the KICKICO foundation and with delegates and voting will control the tokens and make the funds grow
