KickToken Unlock Contest: Your Winning Ideas
Kick Ecosystem held a contest for the ultimate KickToken Unlock ideas and there are two winners.
Some time ago, we held a contest for the ultimate KickToken Unlock ideas and we have a winner! Actually, even two winners!
The idea was to describe how one sees the token unlock process of Bonus KickTokens when KickEX Exchange launches.
The winners are @SmirnovIII and firstname.lastname@example.org who will be awarded a prize of 200,000 and 100,000 KICK accordingly 🏆
The winning idea in a nutshell.
To unlock the KickTokens you will require KEX tokens, which are accumulated as rewards for trading on KickEX exchange and through other methods. When one trader accumulates 1 KEX token on his balance, he can then send his wallet address to support team with locked KickTokens and a certain percentage will go live (for example 50%). When a trader accumulates 5 KEX then another 30% of locked KickTokens will become active and the other 20% will be unlocked for 10 KEX.
Such a system will allow unlocking KICK in portions and at different times, which means that all tokens will not enter the market circulation immediately (to avoid dump and a massive sale of tokens). Secondly, the system will encourage traders to experience KickEX exchange, to try out the different tools and to learn more about its functionality.
The last point is that such methodology is easily attained by the users. All you do is make several trades on the exchange and then send the support team your wallet address. The percentages (50%, 30%, 20%) can vary and the amount of KEX tokens needed for unlocking KickTokens can also be different.
The second place was exclusively awarded from the CEO of Kick Ecosystem Anti Danilevski, as he personally went through all the answers and decided to additionally reward an interesting idea. The user suggested that tokens are to be released in increments of 5 to 10% every month and in addition 10% of orders filled through KickEX.
Kick Ecosystem is proud of its community and its bright minds. Remember, your idea is an asset.
Reminder: This is not a final model of how KickTokens will be unlocked. Stay tuned and follow our announcements.
Kick Ecosystem Team