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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