Our campaign has been going for almost two weeks and now it draws to a close. Now it’s time to point out the subtotal results of the ICO phase and share with the community everything that recently happened to KICKICO.
So, first things first:
- We passed the soft cap mark very quickly, having gathered the required amount of 50.000 ETH in the first four days. Of course, this would never have happened if you, our investors, had not believed in the platform and the opportunities of crowdfunding 2.0. Currently, we have accumulated over 75.000 ETH. On a side note, the first $12.000.000 were gathered in the first two hours after the campaign launch. Such an interest made the KICKICO platform one of the most popular projects in Russia; the campaign is ranked 4th according to the analytical agency ICOrating. The project attracted huge attention from big players of the crypto-industry as well as from the authorities. Latest news, for example: On September 13th, there has been a meeting between the KICKICO team and the management of Innopolis University where the legal status of cryptocurrency and the development of blockchain technologies in Russia were discussed. We will report on this separately and in more detail s— there have been many news that are interesting not only for our project, but also for the entire Russian crypto-industry.
- There has been a rotten able in the bunch, though: We encountered several attempts to hack the ICO. There have been DDoS-attacks, phishing sites as well as attacks against vulnerabilities in the backend and the smart contract. Of course, we could not entirely avoid losses, but there is not any problem that we could not handle. Either way, this is a priceless experience, and we managed to amass substantial funding despite the hacker attacks.
- Earlier on, we decided to lower the hardcap, but now, in addition to that, we remove the much loathed hidden cap and shorten the duration of the campaign by half. Turned out that introducing such a hidden mark was not a very successful decision, according to the community’s opinion. So, everyone who wants to buy KickCoins should expedite: There are just two days left to the end of the sales.
- An important milestone in the campaign was the Moscow Tech Meetup. The KICKICO team was not only organizing it but was also one of it’s main actors. The meetup was attended by a number of entrepreneurs and experts on the industry, cryptocurrencies and ICO; our partners were among them. During the Moscow Tech Meetup, we discussed the legal aspects of conducting an ICO. Participants shared their opinions on the interaction mechanisms between authorities and cryprocurrencies. A short talk on his new product, smart tokens, was held by Eyal Hertzog, founder of Bancor which our platform is integrated with. By the way, KickCoins are precisely the same as smart tokens. An important guest was Eric Gu, founder of Viewfin.com and Initialized Metaverse Public Blockchain Project (MVS.live), organizer of Shanghai Bitcoin Meetup. Together with Mr. Gu, we planned to create the Russian-Chinese Cryptocurrency Fund that would support entrepreneurs’ initiatives based on KICKICO, but this became impossible due to recent changes in Chinese laws. Mr. Gu attended the event at his own risk despite his lawyers’ advices and refused to sign the agreement virtually in the last second. Our team’s opinions are in accordance with those from our partners from Metaverse Foundation: Such recommendations by the People’s Bank of China will lead to huge amounts of money simply leaving the country, and green lights would be refused to promising projects. Nevertheless, Metaverse Foundation and KICKICO became strategic partners and decided to work jointly on the solution of problems with ICO in People’s Republic of China.
- As I told in the previous article, soon KickCoins will be traded on one of the most advanced exchanges–HitBTC. This is the “debut” of our tokens, because HitBTC will be the first exchange with whom we made an agreement.
The KICKICO campaign is going to end very soon, but this does not mean you should stop expecting updates from us. Everything that we promised in our White Paper will be put in action, so the end of ICO is just the beginning.
Stay tuned!