Monday KICK news

After our first full week of having a live platform, the whole KICK team is buoyed by the positive responses we have received and the increased visibility that we have achieved.

Staking pools

We launched our platform with 3 staking pools and they have all been very popular. Pool 3, our staking pool with a 6 month lock-up period and attractive APR of 24%, filled up within hours of being launched.

We have decided to launch an additional staking pool. This pool will have a capacity of 5 million and have a lock-up period of 6 months. But this pool will have a min / max entry of 20000.

Token holders who stake 20000 tokens in any of our locked pools receive priority access to the project launches. This new pool gives up to 250 token holders access to the priority as well as receiving generous staking rewards of 24%.

Staking issues

We are aware of some issue paying the rewards this week. Last week we saw identified the issues and made a fix for this week, but it wasn’t smooth, so we pulled the fix. I can understand the disappointment of not being able to see the rewards, but we are working hard to fix the issue and rectify the rewards. Please rest assured no rewards are being lost and aim to get them visible shortly.

Project Launches

One of the most common questions we receive is when will the first projects be launched on KICK. We made a decision to launch our platform as soon as was possible to gain the visibility in the Cardano eco-system. This appears to have been a good decision as we are being contacted by many projects of all shapes and sizes. Being first in this space does mean that we have wait for many of the projects to catch up with us. But we believe being ready with the infrastructure will pay dividends for us going forward. It is very important that we only participate with the best quality projects. The Cardano space is literally evolving around us. So we hope to have the first projects soon, but until details are confirmed, we can’t give any precise timescales. But we can release that many conversations are being had.

Decentralisation + Wallet Support

Whilst we have launched our platform to be able to launch the very first projects in the Cardano space, behind the scenes we are actively working on our goal of full decentralisation. It is only at this point we aim to have integration with external wallets such as Yoroi, Daedalus etc. In the meantime, the way to interact with KICK is to transfer the tokens into our platform and then be able to stake and later endorse projects.

Support issues

We have a round the clock support team who can deal with any issues relating to staking, withdrawals and deposits. During the the night European time, response time does increase, but they will get back to you about any issues.

Marketing

Now that we have moved out of our fund-raising stage and into the live stage, we wish to grow the awareness of our project. We have been increasing the amount of PR across major crypto news sites and stimulating the crypto twitter around our project. This week we are implementing a strategy to grow the telegram community channel and we would ask everyone in our community to join our official announcements channel https://t.me/kickionews. We are working on some exciting plans to showcase KICK, more details here soon.

As a launchpad, the best form of marketing for us, is to promote the project launches when they start. We have significant plans that will be implemented once the first projects are confirmed.