KickCity update - Token-sale Terms

KickCity, a reward-based community program on Blockchain has shared its update about upcoming Token Sale.

Below are the highlights of the ICO update as per the post published on September 17, 2017.

  • Only 500 Million KICK tokens will be created instead of 1 Billion tokens.

  • Hard cap remains fixed at 12.5 Million USD.

  • 160 Million KICK tokens will be sold during crowd sale and all unsold tokens will be destroyed.

  • 100 Million tokens will be allocated to the current and future KickCity team members. 70% of which, will be vested for a maximum period of 4 years.

  • Partner Tokens — 100 Million tokens. Partner Tokens — include Bounty & Marketing, Advisors, Traditional Angel Investors (who invested in KickCity 2 years ago). 30% of the partner tokens will be vested.

  • 140 Million tokens will be retained by KickCity.

"It is very important to note that 2% of every transaction in the value communities will be used to buy back KICK tokens thereby driving its value up."

KickCity will provide a platform for “experts” to monetize their contents without depending on advertisement through the value based communities program. Members can pay a subscription to join a channel or group created by experts who provide contents . The value community will give users the opportunity to receive reward for the value he is creating. That is a fair and trusted community.

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