kickcoins in A Sentence

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    Kickcoins use in Kickonomy.

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    Additionally, Kickcoins will never be in excessive surplus.

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    Kickcoins are created according to the ERC20 specifications of the Ethereum blockchain.

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    Therefore, Kickcoins are never'made out of thin air' but are always backed by other currencies,

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    Kickcoins are generated by the smart contract automatically when backers support campaigns that are launched on the platform.

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    We have two requirements for creators of crowdfunding campaigns that want us to provide Kickcoins to their campaigns:.

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    The initial issue of Kickcoins is programmed by a smart contract and will be carried out in the following order:.

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    Important part of KICKONOMY is how Kickcoins are used to create the circulation of currency and create supply and demand mechanisms.

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    Within the case of pre-ICO and ICO, when backers buy ethereum price tokens, they always obtain the distinctive forex created by the KICKICO platform itself- Kickcoins.

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    After the campaign is over, the creator receives all collected funds, and their backers receive Kickcoins as a form of insurance if the creator does not fulfill their promises.

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    Thus, the backers ethereum price who assist their campaign, and receive Kickcoins in return, know that they are going to be capable to spend their Kickcoins on offerings from this project.

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    Smaller campaigns are too risky, because they may become targets for a recursion attack, in which someone creates a campaign, pays his own money(through dummy backer accounts), receiving his own money, AND our Kickcoins.

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    The portfolio of the Fund is managed by professionals and the community, solely reliable and potential tokens with high growth potential are left, which is able to increase the capitalization of KICKICO, and support the cost of Kickcoins(KICK).

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    Failing occurs if this is an All-or-Nothing campaign and its specified time has come to an end without having achieved the goal. In all other cases, a campaign ends successfully, and if this is an All-or-Nothing campaign, funds are transferred to the creator's Ethereum wallet, and tokens and Kickcoins to their backers' Ethereum wallets.

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