Hicky ICO: Company Review and HKY Token News Updates

Hicky HKY ICO: Decentralized Cryptocurrency Dating Platform?

More and more people every day are turning towards the power of the internet to find the love of their life. Platforms like Tinder have gained numerous amounts of users who are seeking their perfect counterpart and want to skip that awkward first date just to find out that the two of you have absolutely no interests. What if the blockchain technology was utilized to create a platform which is not only more effective but also secure and transparent?

Enter Hicky, a platform that utilizes the transparency of the blockchain to match individuals and build relationships with the cornerstone of trust as the focal point.

How Hicky Decentralized Crypto Dating Platform Works

Essentially the Hicky platform utilizes the blockchain technology to create a network of people who are verified and are incentivized to “do good” while being backed up by a token economy.

All user information is completely private and secure via the use of decentralized database and encryption, at first BigChainDB will be utilized and as the community grows the Swarm Protocol will be implemented in the future. Whisper Protocol will be utilized to handle messaging with a decentralized approach. Furthermore, microtransactions will be utilized as payment to reduce spam on the network.

Users will be verified on the network through a two-factor biometric verification process which will utilize a face scan and voice matching technology to verify that the person using your account is actually you. This authentication method will successfully prevent any bots from entering the network while simultaneously introduce complete trust to all the participants on the network.

Decentralized Autonomous Dating (DAD) mechanism will be implemented on the network as a method of governance and verification to encourage all of the users to behave in a positive manner which will be backed up via the use of internal economy built on the Hicky tokens (HKY).

Hicky HKY ICO Allocation And Road Map

As with any ICO, one of the most important aspects of being successful is distributing the funding generated from the token sales into the correct spots. Hicky tokens are intended to be distributed in the following manner:

• 5% will go towards Marketing to ensure steady growth and recognition of the platform
• 5% will be reserved for Advisors (locked to a 12 months period under a smart contract)
• 10% will go towards the operation of the platform and any necessary updates
• 20% will be reserved for core developer team (locked as a smart contract for 18 months)
• 60% will go to the public contributors who send ETH, BCC, and BTC via smart contract address

The breakdown of fund allocation seems to make a lot of sense when taking into consideration the type of a platform this will be and the expenses that it will go through before becoming stable.

The roadmap for Hicky is also relatively simple to interpret. Hicky was founded in Q1 of 2017 after which point the team was built throughout Q2 of 2017. Developing and testing of the platform occurred through Q3 of 2017 and the sales of Hicky tokens started during Q4 of 2017. The token sales are still underway in Q1 of 2018 and the Alpha lunch will be released by the end of Q1 of the same year.

In Q2 of 2018, the HickyDapp will be launched and the countrywide expansion will start at the beginning of Q3 2018. Once everything is in motion and the platform is functioning properly, partnership and monetization opportunities will be pursued in Q4 2018.

Hicky Conclusion

The idea is great, there is no doubt it about it. Using the honest technology of the blockchain to establish relationships and match potential couples is absolutely ingenious. Hicky is heavily involved in the social media aspect of the internet but there is a slight problem, they don’t seem to have a lot of followers or a stable community of people who are interested in them.

Overall, while we think that the idea for using this type of a platform is an excellent one, we also find it difficult to justify the future growth of this project when there are so few people backing it up. The social media scene is huge when it comes to any online dating platform and this startup hasn’t been able to build a big enough of a community to have a successful ICO launch. Either way, ultimately the investment decision is up to you. If you believe that this platform will thrive then go for it, but if you have any doubts or reservations then perhaps it is best to wait and see what happens.