None of this is answering my questions
I was curious about from where this 20% payback in Kick coins for crowdfunding investors is coming from. Like in the white paper is stated that all backers will recieve an equivalent of 20% of their spent "money" in KickCoins. If you just keep 4% of the coins a campaign generate but you pay 20% in coins back from where does the other 16% coming from?
And the second questions is not about who already is using the KickIco
In the initial post and also in the white paper there is giving the hint that there should be an eco system of companies using the coin. You can for example pay with your recieved coins for translation at a translation office, or buy other stuff etc pp, if I get it right. Here I was wondering if there are already negotiations with potential partners.
For crowdfunding campaigns the platfrom will give from 4% to 20% to backers.
This percent is by default is starting with 4% since the creator pays 4% as a fee to the platform which are used to generate tokens to give backers.
Then this % may grow up to 20% for the backer as he/she works with the platform and eventually earns karma and reputation for backing project and creating useful activity on the platform. The extra up to 16% of KC for backers will be generated with the KICKICO platform growth. So the 16% are to be earned for the backer
Thanks, that's an answer.
If you say the other 16% are generated by the growth of the KICKICO platform do you mean this coins will be generated as new coins or do you mean this coins will be earned by other campaignes which will be crowdfunded on KICKICO. Because if you back this by other campaignes there is still just this 4% you get, or am I wrong? And this 4% is the minimum backers are getting back!?
This raise for additional 16% as a bonus for backing projects for an individual backer will not be given to all the users, because it is has to earned by creating useful activities as said before. Meaning, there will be few who gets to that level.
So, first, at the start of the platform launch there will be 4% for everyone and by backing projects an upgrade for bonus KickCoins will be earned (i.e. you backed 10 succesful projects and you earn reputation (karma)) and your bonus for backing will be increased.
Second, the fund of the tokens which will hold tokens of other projects (ICOs) launched on the platform will serve as a reserve for token generation.
Third, the ecosystem we are creating will help to bring new money into the platform because it will create the system where KC are in demand and used in the ecosystem bringing some of the KC back to the platform.
For more info about the use of KickCoins on the platform please read the article at this link:
Community-based ways to use KickCoins on KICKICO