Have questions? Hopefully they are answered below but if not, you can send us an email at firstname.lastname@example.org or join the discord and ask anything in the #help Discord channel.
What is $KICK?
$KICK is a cryptocurrency created by RAW which can be used to unlock exclusive benefits and access anywhere on the web, and even IRL. With $KICK, we have created our own, independent micro-economy.
$KICK is a little different from cryptocurrencies like Ethereum or Bitcoin because it is minted and traded by a company called Rally on their “sidechain”. This is great news for us because sidechain cryptocurrencies use a lot less processing power, which means that there are no fees and no excessive environmental impact to worry about.
What can I get with $KICK?
$KICK is like a membership or a loyalty card, where holders get special member benefits and can earn and purchase points that can be exchanged for goods or services that will evolve over the year.
Here some examples of the kind of product, contents and services that will be available with $KICK:
Releases (Vinyl, Digital)
Special Event Tickets
$KICK holders from around the world can also send $KICK to each other and there are never any fees for trading $KICK within our economy.
What are Weekly Rewards?
When you hold $KICK, you will see that you are eligible to earn Weekly Rewards, also known as Community Activity Rewards. Rewards are paid out each week to coin communities who are actively growing and participating in their coin economy. For each community that earns rewards, each participant in a community will receive a share of $RLY proportional to their holdings of that community’s coin. Read more about Rewards here.
Here are some examples of the kind of reward that will be available by holding $KICK:
Why a Community Currency?
The internet is changing fast and communities are discovering that embedding financial tools creates new ways to organize their activities and engage their members.
We also see this project as an introduction to the crypto world that should evolve a lot in the future. RAW has always been interested in digital arts, technology and interactive contents as we see techno still as the music of future. That’s why we created with our artists some unique 3D video streams, EP visuals and holograms for our events..
The benefits for holding $KICK will evolve based on your feedback and ideas. But it will permit you to access exclusive content from us and our artists. Including NFT’s, exclusive merch, masterclass or promotion to name a few.
Is $KICK a cryptocurrency?
Yes it is! $KICK is powered by Rally which runs on a sidechain to the Ethereum mainnet. This makes it possible to swap $KICK for Rally tokens ($RLY), the Rally Network’s default ERC-20 token, and then convert that into any other cryptocurrency (like $ETH) or standard fiat currency (CAD).
Does the price of $KICK fluctuate?
Yes. $KICK fluctuates based on the supply and demand of the coin, just like any other real world or digital asset.
How to get $KICK?
Step 1 Create an account on Rally.io
Step 2 Go to our Rally page, click “buy” on the left panel, and purchase $KICK coins. You can use your credit/debit card or another cryptocurrency.
Step 3 Join the discord and then you can choose to hold your $KICK or use them for all the services we described above and the many more to come.
Can I exchange $KICK for currency?
Yes. When you go through the steps of moving your money out of Rally, it is known as “bridging out.” There are some fees and limitations to complete this process, and there are some locations where it is currently prohibited.
In order to bridge out, your account must be at least 7 days old and you will have to go through a manual Know Your Customer verification process, which can take an additional 2-3 business days. There are also some fees, set-up steps, and other time-based limitations, which are covered here.
The good news is that as soon as you complete these steps, it is very easy to Bridge Out via a free Coinbase account. If you aren’t familiar with Coinbase, it is a secure platform that makes it easy to buy, sell and store cryptocurrencies like Bitcoin, Etherium and RLY. It has an easy to use website and smartphone app, and works seamlessly with Rally. The interface does not require any crypto expertise—If you’ve used Paypal, you can use Coinbase.
If you’d like to simply spend down your balance, you can also spend $KICK, just check out the Campaigns on our coin page, or trade it for other cryptocurrencies on Rally.
Is buying $KICK like an investment?
No. While the price of $KICK will go up and down, the value of $KICK is in the benefits we described above and on our coin page.
Is $KICK bad for the environment?
The environmental impact of minting, buying and selling Coins (and NFTs) on Rally is about the same as sending a single Tweet. This is because Rally utilizes a sidechain that uses only a handful of computers to complete transactions. Read more about Rally’s environmental impact here.
How much $KICK should I buy?
Since the price of $KICK is always changing, you should always plan to buy a bit more than the cost of whatever it is you’d like to purchase with $KICK. For example, if you’d like to purchase an NFT which costs 100$, plan to spend a few extra dollars to make sure that you have enough to cover the final transaction. Since we will be offering people who hold $KICK special benefits and opportunities, make sure that you are always holding at least a few $KICK if you’d like access to those benefits.
Why can’t I buy more $KICK?
To ensure fair participation in the [$KICK] community, purchases of $KICK are limited to a single transaction of up to $500 per person for the first week. If you’ve already made a purchase, you will have to wait until one week to make another purchase.