This rise in price could be due to anticipation of an exciting new project soon to be launched. It has been rumoured lately that certain members of the KICKICO team and its main seed investor have been working on the new platform called U.Community, a transactional social blockchain environment, which serves as an interface to a UOS blockchain protocol.
Following a KICKICO Twitter announcement, there is a planned airdrop of the new project’s blockchain native coin to reward current KICK token holders. Key details of this upcoming coin distribution have not yet been disclosed by the U.Community team, however, it is estimated the pool value may reach $40 million.
On August 2, KICK coin was listed in the top 100 cryptocurrencies on coinmarketcap.com, trading at $0.16 USD.
“We appreciate all the ongoing support and faith of our KICKICO community in light of the recent incident, which has only encouraged us to set our goals even higher,” said Alexander Spirin, Head of Community at KICKICO.
The KICKICO team has promised to compensate all stolen KICK tokens and will soon begin transferring funds to users’ wallets.
KICK token holders were the first to notice that funds were missing, notifying the KICKICO team who then worked quickly and tirelessly to regain control over the tokens and prevent further potential losses.
“It was through the vigilance and collaborative efforts of our community and team which led to such a positive result. Clearly the market has positively reacted to our handling of the situation. Together with all the support from our users, this has led to the growth of the token’s value,” said Mr. Spirin.
KICKICO is an online blockchain technology-based platform for fundraising in cryptocurrencies. It collected more than 84,000 ETH during its ICO, and was named “ICO of the Year” by BTC CIS AWARDS. Today, KICKICO has a community of 70,000 people, and the KICK Coin is traded on 10 exchanges. The platform has launched more than 30 projects, successfully completing their ICOs and raising more than 300,000 ETH in total funds, among them: Micromoney, Hacken, The Abyss, Playkey, INS.
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