"Since the late 2000s, when Kickstarter (2009) and Indiegogo (2008) were launched, the world has been watching the rise of crowdfunding. Many project creators believe that crowdfunding platforms are just a simple way to raise funds for a project without needing to attract fickle VC investment. However, in fact there are lot of limitations and obstacles. First, traditional crowdfunding platforms do not accept projects from countries where they have no presence. Second, they charge high commissions (15-20%), as do the payment systems people must use to contribute with. Third, they are overwhelmed with 'failed' projects that let down the backers and the platform itself. Fourth, the larger crowd-funding platforms became all about big companies with strong marketing, rather than about creators with bright ideas, but no marketing budget. The crypto-revolution that is happening now will change things, facilitating fundraising and making it as easy and simple as it is supposed to be. Decentralization, crypto-currency, and smart-contracts are the new solutions for a project to raise funds. The fundraisers will no longer be dependent on the platforms, KICKICO is the first up-and-running blockchain fundraising platform that offers comprehensive solutions for ICOs, crowdfunding, and crowd-investing."
What we don't like:
If the ICO’s that are on the KickCoin platform don’t stand out from other ICO’s than it may not be worth it for ICO investors to spend significant amount of time on KickCoin ICO platform. It will be interesting experiment to see if ICO’s need a kickstarter platform since ICO’s are crowdfunding project themselves without have to give a 4% fee to a website. They’re still a ways from being able to except Fiat directly which will limit growth from non crypto users.
What we like:
KickCoin has a great set up in creating a kickstarter for ICO’s. Giving investors KickCoin rewards it allows for a finical backup if the project doesn’t work. This could be a huge incentive for people to move projects from traditional crowdfunding platforms to KickCoin. KickCoin will be screening and assisting ICO’s on their platform. The interface looks safe and easy to use. It can really easy some people’s fear about the scams involved in ICO’s. KickCoin will be holding 4% of coins from all ICO’s on their platform in a fund. If a few of the ICO’s on KickCoin become strong projects expect great returns.