Kickcity proposes a socially viral model for event marketing, where the vendor achieves maximum result because an unlimited number of people are rewarded for promoting his events while the attendees also get rewarded for being loyal to the platform. Every user, event, and ticket have a unique ID which is registered on blockchain.
Purchase of KCY by Event Organizers
For simplicity and mass adoption, event organizers will have 2 main methods to purchase a token for marketing. Exchange — Event vendors can purchase KCY in exchanges according to the market value. Credit card or other payment solutions – Many event vendors are not familiar with how exchanges operate. For this reason, a web page will allow event organizers (only) to buy KCY and transfer directly to their event pool. The cost of KCY on this page will always be higher than the purchase rate in exchanges. This is to motivate vendors to buy from exchanges.
KCY-tokens are smart standard ERC20 tokens which implement Bancor protocols, providing asynchronous price-discovery while maintaining continuous liquidity by using constant ratios of reserve tokens (BNT) held through smart contracts, acting as automated market makers. KCY will equally be traded on the exchanges.
– Continuous Liquidity – since purchasing and liquidating is done through the smart contract, smart tokens are always liquid, irrespective of their trading volume;
– No Extra Fees – the only mandatory fees applied by a smart token are the Blockchain platform fees (gas) which are relatively low;
– No Spread – since the price calculation is done algorithmically by the smart token, the same price applies to purchasing and liquidating the smart tokens;
– Lower Volatility.
KickCity Event Platform
KickCity – built a community-based social event platform for event organizers and attendees. For the past year, ‘KickCity, Inc.’ has focused on building communities around events, providing event organizers with tools to create, promote and monetize their events. Every user has a profile and one can invite friends to events and enjoy personalized content.
Token Crowdsale (1 KCY = 0.10 USD)
Target: 12.5 Million USD;
– Launch date: March 1st 2018, 9:00 AM EST (1:00 PM GMT);
– End date: March 31st 2018, 7:59 PM EST (11:59 PM GMT);
– 1 KCY = 0.10 USD;
– 160 Million smart tokens will be available for crowdsale;
– 250 Million KCY will be created;
– 160 Million KCY will be sold during crowd sale and all unsold tokens will be destroyed;
– 1 Million tokens will be allocated for user adoption and air drops; – Team tokens — 30 Million (70% of team token will be vested for a maximum period of 4 years);
– Partner tokens — 30 Million (Partner Tokens include bounty & marketing, advisors, traditional angel investors, who invested in KickCity 2 years ago; 30% of the partner tokens will be vested for a maximum period of 4 years);
– KickCity pool — 30 Million tokens will be retained by KickCity for future sales.