Fintech
KickEX Introduces the Kick Ecosystem, a Blockchain Ecosystem for Crypto Professionals and Beginners to Raise Value and Stable Income from Digital Coin Transaction
Tallinn, Estonia–(Newsfile Corp. – August 10, 2021) – In early June, the KickEX cryptocurrency exchange launched a hyper-deflationary reverse split model or, as it called in cryptoworld, “hyper-deflationary tokenomy.” This model makes it so that the KICK token’s value continuously increases by permanently decreasing the coins in circulation. The idea is still very new and innovative in crypto so very few have done it so far. Notably, there are no exchange token or deflationary model built-in, KICK is the first of its kind and should be outlined here. Its implementation has opened up new opportunities for KICK v8 “hodlers” and traders. Below, we’ll take a look at how the exchange manages to raise the value of its token without injecting any cash.
The Kick Ecosystem and why you should know about it
The Kick Ecosystem is a new blockchain ecosystem that helps both beginners and crypto professionals generate a stable income from digital coin transactions. Several basic modules are included within this ecosystem:
- KickEX, a crypto exchange that operates as a spot market, but will soon add the ability to trade cryptocurrency derivatives: futures and options; with super-friendly 24/7 live support, lightning speed KYC and orders to keep users safe, such as trailing stop-loss orders;
- KickICO, a fundraising platform for startups that introduces a totally new tokensale model – AIO, based on daily auctions and totally transparent process;
- Kick Academy which is being prepared for the launch, with webinars, video courses, and a lot of useful information for newbies and experts;
- Proprietary cryptocurrencies – KICK token and KUSD, which are used both as internal means of payment and for trading;
- The KickRef referral system allows even those who know nothing about trading to earn some money with the help of cryptocurrency;
- An iOS and Android mobile app to be released this summer. This app will not only incorporate all of the above-mentioned ecosystem modules but will also add many mobile-specific tools, such as NFC payment in offline stores in the future;
- B2B solutions – whitelabel of KickID + KYC, KickRef, KickEX whitelabel broker.
Kick Ecosystem uses its own in-house KICK token, which recently got a new lease on life after swapping and burning off excess supply, becoming deflationary token, KICK v8.
So how does the deflationary model work and why is it important for traders, KICK token holders, and platform users to know about it?
95% of the entire token supply was destroyed by the exchange
In June 2021, KickEX burned more than 85% of its liquid KICK token pool, worth more than $322 million, thereby reducing the number of overall tokens in circulation. Of the tokens currently in circulation, the following sources saw tokens being burned: the company pool, commission tokens, unused pool tokens, and a small number of frozen tokens. The total number of KICK tokens is now not 2.2 trillion, as it was before the burn, but 1.2 trillion, which includes the frozen pools. Of these tokens, only 125 billion are liquid, which means that the volume of circulating funds has dropped by 85%. The next step was to liquidate all the remaining tokens that were out of circulation as part of the swap. The remaining trillion frozen tokens were thus abandoned and left behind on July 1, when the old smart contract was replaced with the new one. These tokens were simply not transferred over, thus effectively destroyed.
Built-in into new smart-contract burning of tokens allows holders to increase their share of token ownership. This benefits primarily those who are HODLing KICK tokens.
By analyzing the historical data of the KICK token from January 1 to June 14, 2021, we can roughly estimate what KICK token holders will receive thanks to staking being built into the token contract.
Let’s look at an example.
“Transactions of KICK since 1st Jan 2021 till 14th Ju 2021: 167,149,494,283 KICK, equals to $50,144,848 by the current price. 6 months would generate: 5% burn: 8,357,474,714 ($2,507,242 burned) and 5% staking redistribution: 8,357,474,714, ($2,507,242 sent to holders of KICK). If you would hold KICK in amounts: 10% of emission, in 6 months your staking would provide $250,7k, 1% of emission: $25,700, 0.1% of emission: $2,570. Burning of 5% per transaction would decrease the total emission of KICK by 5,6% in just six months.
So, if you had 1% of emission, now you would have 1,06%. Add staking and your it becomes 1.12% in six months, snowballing. Extrapolate it to one year, and imagine that the value of KICK will rise: no more big dumps because whales would hold for staking, the deficit starts here. But even if someone dumps, 5% redistributes, 5% burns. Cycle restarts,” explains Anti Danilevski.
What happened to the KICK v8 token after the swap
Essentially, running the swap finalized the destruction of excess KICK tokens, reducing the total amount of tokens to 1.5 billion, and launched a hyper-deflationary model that opened up new opportunities for KICK v8 token holders. Here are just a few of them.
Staking. When the smart contract was replaced, a transition to the Proof-of-Stake protocol was made, which triggered the staking process. KICK token holders will receive a percentage of each KICK token transaction made by someone on the blockchain according to their share of token ownership. In other words, the more KICK tokens a user owns, the greater the percentage of tokens distributed each minute they will receive. In the first phase, 5% of the amount of tokens sent will be distributed from each transaction. This percentage may change later, but cannot be reduced by less than 0.5%, ensuring that holders receive redistributed tokens for life.
Built-in token burning – a gradual increase in token ownership. Permanently burning tokens at up to 5% of the transaction amount allows for a gradual increase in the ownership share of KICK v8 among holders of the coin. Let’s look at how this works using an example. Let’s imagine that we have a total supply of only 10,000 tokens. Holder A has 1,000 tokens, and the remaining 9,000 are owned by other users. This means that Holder A owns 10% of the total supply. Now let’s imagine that there were transactions totaling 5 thousand tokens in 24 hours. 5% of them were burned, which means 250 tokens were burned. The total supply is now 9,750 tokens, and Holder A’s share is no longer 10%, but 10.25%.
“Burning 5% per transaction will presumably reduce the total supply of KICK v8 tokens by 5.6% in just six months. That means if you had 1% of the total supply, this number would now be 1.06%. Add in the staking, and after six months your share increases to 1.12%. The bottom line is that users pay a 10% fee for token transfers, which would seem like a lot, yet at the same time, they all participate in the distribution of the 5% that is charged on every transaction on the blockchain. This makes holding tokens more advantageous and selling them much less appealing, and this is great news for everyone, as it forms a constant deficit and has a positive impact on the demand for the token, and therefore on its value,” explains Anti Danilevski.
In the first two days of the swap, 1 million tokens were burned. the same amount of tokens was divided between the holders, which is $ 50 thousand
Demand generation. These previous two points will inevitably lead to lots more long-term token holders and more buyers, while the inflow of tokens for sale will decrease as they will be held in order to generate distributable tokens. The constant burning will reduce the overall supply, thereby forming a natural shortage in the market. This will inevitably lead to the value and demand for tokens to increase.
Token popularization among holders. Since the burn rate of KICK v8 tokens directly depends on transaction volume, holders themselves will be interested in increasing the number of transactions they make. This will motivate “holders” to use tokens in their everyday lives, both to pay for services within the Kick Ecosystem and to pay commissions on the KickEX exchange.
The popularity and value of the token, meanwhile, will further increase among users with the launch of the Kick Superapp and other ecosystem products where KICK will be a means of payment.
Conclusion:
With the introduction of the hyper-deflationary model, KickEX significantly increased the appeal of the KICK v8 token, made it a full-fledged domestic payment instrument, and launched a staking program for token holders. This significantly raised the token’s prestige, as well as attracted active new users and “holders” of the coin.
Contact:
https://kickex.com/
e-mail: [email protected]
Address: Peterburi tee 47, 11415, Tallinn, Estonia
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92709
The fintech landscape continues to redefine itself, driven by innovation, partnerships, and groundbreaking strategies. Today’s roundup focuses on the latest digital wallet offerings, evolving payment trends, strategic collaborations, and notable funding achievements. This editorial explores the broader implications of these developments, casting light on how they shape the future of fintech and beyond.
Beacon’s Digital Wallet for Immigrants: A Gateway to Financial Inclusion
Beacon Financial, a leading player in financial technology, recently launched a digital wallet tailored to meet the unique needs of immigrants moving to Canada. This offering bridges a critical gap, enabling seamless financial integration for newcomers navigating a foreign system.
By combining intuitive technology with user-centric features, Beacon aims to empower immigrants with tools for payments, savings, and remittances. This aligns with the growing demand for tailored financial products that resonate with specific demographics.
Op-Ed Insight:
Financial inclusion is more than just a buzzword; it’s a moral imperative in the fintech space. Products like Beacon’s digital wallet highlight the industry’s potential to create tangible change. As global migration trends increase, such offerings could inspire similar initiatives worldwide.
Source: Fintech Futures.
Juniper Research Highlights 2025’s Payment Trends
Juniper Research’s latest report unveils pivotal payment trends poised to dominate in 2025. Central themes include the adoption of instant payment networks, a surge in embedded finance solutions, and the rise of crypto-backed financial products.
The research underscores the rapid adoption of real-time payment systems, fueled by increasing consumer demand for speed and efficiency. Meanwhile, embedded finance promises to blur the lines between traditional banking and non-financial services, delivering personalized and context-specific solutions.
Op-Ed Insight:
As the lines between financial services and technology continue to blur, these trends emphasize the industry’s shift toward convenience and personalization. The growing role of crypto-based solutions reflects an evolving consumer mindset, where decentralization and digital-first experiences gain precedence.
Source: Juniper Research.
MeaWallet and Integrated Finance Partner to Revolutionize Digital Wallets
MeaWallet, a prominent fintech solutions provider, has partnered with Integrated Finance to advance digital wallet capabilities and secure card data access for fintech companies. This collaboration focuses on empowering fintechs to deliver better, safer digital payment experiences.
MeaWallet’s role as a technology enabler aligns seamlessly with Integrated Finance’s goal of simplifying complex financial infrastructures. Together, they aim to create scalable, robust platforms for secure payment solutions.
Op-Ed Insight:
Partnerships like this underscore the importance of collaboration in driving innovation. As security concerns grow in tandem with digital payment adoption, solutions addressing these challenges are essential for maintaining consumer trust. The fintech ecosystem thrives when synergy and innovation coalesce.
Source: MeaWallet News.
Nucleus Security Among Deloitte’s Fastest-Growing Companies
Nucleus Security has achieved a remarkable milestone, ranking 85th on Deloitte’s 2024 Technology Fast 500 list. This achievement is attributed to its robust cybersecurity solutions, which cater to the increasingly digital fintech environment.
With cyberattacks becoming more sophisticated, fintech companies are under immense pressure to safeguard their platforms. Nucleus Security’s growth reflects the rising demand for comprehensive, scalable security solutions that protect sensitive financial data.
Op-Ed Insight:
In a digital-first world, robust cybersecurity isn’t optional—it’s fundamental. The recognition of companies like Nucleus Security signals the growing importance of protecting fintech infrastructure as the industry scales globally.
Source: PR Newswire.
OpenYield Secures Funding to Transform the Bond Market
OpenYield has announced a successful funding round, aiming to revolutionize the bond market through innovative technology. The platform promises greater transparency, efficiency, and accessibility in fixed-income investments.
This funding underscores the growing appetite for digitizing traditionally opaque financial markets. By leveraging cutting-edge technology, OpenYield seeks to democratize bond investments, making them accessible to a broader audience.
Op-Ed Insight:
The bond market, long viewed as complex and inaccessible, is ripe for disruption. OpenYield’s efforts to modernize this space highlight fintech’s transformative potential to democratize finance and empower individual investors.
Source: PR Newswire.
Key Takeaways: Shaping the Future of Fintech
Today’s developments underscore several critical themes in the fintech landscape:
- Personalization and Inclusion: Products like Beacon’s wallet highlight the importance of understanding and addressing specific user needs.
- Collaborative Ecosystems: Partnerships, like that of MeaWallet and Integrated Finance, emphasize the power of collaboration in solving industry challenges.
- Emerging Technologies: Juniper Research’s predictions affirm the continued influence of blockchain, embedded finance, and instant payment networks.
- Security at the Core: The recognition of Nucleus Security underscores the essential role of cybersecurity in fintech.
- Market Transformation: OpenYield’s funding signifies the ongoing disruption of traditional financial markets, paving the way for broader accessibility.
The post Fintech Pulse: Daily Industry Brief – A Dive into Today’s Emerging Trends and Innovations appeared first on News, Events, Advertising Options.
As fintech continues to reshape the global financial landscape, today’s briefing highlights pivotal developments, strategic expansions, and innovative launches across the industry. This op-ed explores the latest advancements with commentary on their potential impacts and challenges.
Finastra Data Breach: A Wake-Up Call for Fintech Security
Source: KrebsOnSecurity
The cybersecurity landscape is buzzing after Finastra, one of the largest financial technology providers globally, confirmed an investigation into a potential data breach. Reports suggest unauthorized access to its systems, raising concerns about data security across its client base, which includes thousands of banks and financial institutions worldwide.
Implications and Challenges
While the details of the breach remain sparse, this incident underscores a glaring vulnerability in the fintech sector—cybersecurity. As financial services increasingly rely on interconnected ecosystems, breaches like these threaten not only individual institutions but also the trust customers place in fintech platforms.
The key takeaway for the fintech industry is clear: proactive cybersecurity strategies must go beyond compliance. Real-time threat detection, robust encryption standards, and regular audits are no longer optional but essential for maintaining operational integrity.
Future Considerations
This breach could trigger a domino effect, prompting regulators to tighten security standards and requiring fintech companies to double down on investments in data protection. Startups and mid-tier players, often lacking extensive cybersecurity budgets, may face significant pressure to keep pace.
PayPal Resurrects Money Pooling Feature
Source: TechCrunch
In a bid to stay ahead of the competition, PayPal is reintroducing its Money Pooling feature, a popular tool that was discontinued in 2021. The feature allows users to pool funds collectively, catering to families, small businesses, and social groups.
Strategic Revival
This move reflects PayPal’s commitment to customer-centric innovation. By reinstating a feature beloved by its user base, the company seeks to reclaim market share lost to emerging competitors offering similar functionalities.
Broader Industry Impacts
Money pooling represents a broader trend in fintech—customized solutions that cater to niche needs. This reintroduction may inspire competitors like Venmo and CashApp to refine their collaborative payment offerings.
While this move strengthens PayPal’s ecosystem, its success will depend on seamless integration with existing services and robust fraud prevention mechanisms to avoid abuse of the feature.
Santander Expands Fintech Reach in Mexico
Source: Yahoo Finance
Santander is making waves in the Latin American fintech space with the launch of a dedicated fintech unit in Mexico. The initiative aims to capitalize on Mexico’s growing fintech adoption and digital payments market, valued at billions of dollars annually.
Strategic Significance
Santander’s expansion into Mexico highlights the region’s untapped potential. Latin America is a burgeoning market for fintech, driven by increasing smartphone penetration, a youthful demographic, and demand for accessible financial services.
Challenges on the Horizon
While Mexico offers immense opportunities, regulatory complexities and market competition from local players like Clip and Konfío pose significant challenges. Santander will need to blend its global expertise with local adaptability to succeed in this dynamic market.
2024 Global Fintech Awards: Spotlighting Excellence
Source: PRNewswire
Benzinga has announced the winners of the 2024 Global Fintech Awards, honoring companies and individuals driving innovation in financial technology. This year’s winners spanned categories like blockchain, artificial intelligence, and payment solutions.
Recognizing Industry Leaders
Awards like these highlight the collaborative spirit and entrepreneurial drive fueling fintech growth. Recognizing trailblazers not only motivates incumbents but also inspires startups to push the boundaries of innovation.
What It Means for the Ecosystem
The awards also bring attention to emerging technologies. Categories such as blockchain and AI signal the industry’s continued focus on leveraging cutting-edge tech for efficiency and scalability.
Commonwealth Central Credit Union Partners with Jack Henry
Source: FinTech Futures
Commonwealth Central Credit Union (CCCU) has announced a partnership with Jack Henry, a leading financial technology provider, for a comprehensive tech upgrade. The collaboration focuses on enhancing member experience through improved digital services.
Modernizing Member Experiences
Credit unions have often lagged behind major banks in adopting advanced digital solutions. By partnering with Jack Henry, CCCU aims to bridge this gap, offering members streamlined services such as mobile banking, automated lending, and personalized financial tools.
A Growing Trend
This partnership reflects a broader trend in the financial industry—credit unions and smaller banks embracing fintech to remain competitive. As customer expectations evolve, partnerships like this may become the norm rather than the exception.
Key Takeaways for the Fintech Industry
- Cybersecurity is Critical: The Finastra breach underscores the need for robust security measures.
- Innovation Drives Loyalty: PayPal’s revival of its Money Pooling feature highlights the importance of listening to customers.
- Regional Opportunities: Santander’s expansion into Mexico showcases the untapped potential of emerging markets.
- Recognition Matters: Awards like Benzinga’s provide valuable visibility for companies and individuals shaping the industry.
- Partnerships Foster Growth: Collaborations between credit unions and fintech companies signify a trend towards modernized financial solutions.
The post Fintech Pulse: Industry Updates, Innovations, and Strategic Moves appeared first on News, Events, Advertising Options.
The fintech sector continues its relentless drive toward innovation and market dominance. Today’s highlights include a record-breaking customer milestone for Revolut, groundbreaking fintech solutions for women in the EU, open entries for the PayTech Awards 2025, implications of political shifts on funding, and notable recognition at the US FinTech Awards.
Revolut Hits 50 Million Customers: A Global Fintech Giant’s Milestone
Source: Revolut
Revolut, the UK-based financial super app, has achieved a monumental feat: surpassing 50 million customers worldwide. This milestone underscores its position as a leader in the global fintech landscape, furthering its ambition to create the world’s first truly global bank.
Key to this success has been Revolut’s strategy of expanding its offerings, from banking to travel and crypto services, all within a seamless user experience. The company’s recent ventures into emerging markets such as Latin America and Asia demonstrate its intent to bridge financial services gaps while retaining competitive differentiation through technology.
This milestone is not just a triumph for Revolut but a signal of fintech’s capacity to redefine traditional banking. It reinforces the narrative that digital-first strategies, customer-centric innovation, and international scalability can challenge long-standing financial institutions.
PayTech Awards 2025: Celebrating Excellence in Innovation
Source: FinTech Futures
The PayTech Awards 2025 are officially open for entries, promising to spotlight the brightest minds and most innovative projects in the payment technology sector. These awards are a testament to the industry’s commitment to advancing secure, seamless, and scalable payment systems.
This year, the focus is on emerging technologies that redefine how businesses and consumers interact financially. Categories will recognize achievements across multiple domains, including sustainability in payments, AI-driven solutions, and partnerships that push boundaries.
As fintech companies prepare their entries, the awards provide a timely reminder of the sector’s ongoing evolution and the collaborative efforts required to achieve meaningful breakthroughs.
U.S. Politics and the Fintech Sector: A New Era of Funding?
Source: American Banker
The U.S. fintech sector might witness an infusion of optimism as speculation about a second Trump presidency gains momentum. The Trump-era policies of deregulation and venture capital encouragement are remembered as catalysts for unprecedented fintech growth during his first term.
While it remains uncertain how regulatory landscapes will shift, the possibility of a more relaxed approach toward fintech compliance could rejuvenate funding inflows. Investors and startups alike are watching closely, weighing the potential benefits against long-term risks tied to reduced oversight.
A politically charged backdrop often spells volatility, but for fintech, it may also spell opportunity. Preparing to adapt quickly will be crucial for startups and established players in the face of any regulatory pivot.
Klara AI and Unlimit: Addressing the €1.3 Trillion Female Economy
Source: FF News
Klara AI has teamed up with Unlimit to launch a fintech solution aimed at empowering women across the EU. This collaboration targets the €1.3 trillion female economy by addressing the unique financial needs of women entrepreneurs and consumers.
The solution promises to integrate AI-powered tools with streamlined financial management services, enabling users to access credit, manage investments, and scale businesses effectively. By tailoring services to the underserved female demographic, the partnership hopes to drive financial inclusion and support economic growth.
This initiative stands as a blueprint for fintechs exploring niche markets, proving that innovation tailored to specific segments can yield transformative results.
Autire: Accounting Tech of the Year at US FinTech Awards
Source: Business Wire
Autire, a rising star in financial technology, has been crowned ‘Accounting Tech of the Year’ at the US FinTech Awards 2024. The award recognizes Autire’s ability to blend cutting-edge AI with intuitive user interfaces, delivering unparalleled accounting solutions for businesses of all sizes.
Autire’s platform has gained traction for automating complex accounting tasks, ensuring compliance, and delivering actionable insights through real-time analytics. Its emphasis on reducing administrative burdens for SMEs has been particularly impactful, enabling entrepreneurs to focus on growth rather than bookkeeping.
The recognition not only cements Autire’s reputation but also highlights the role of AI-driven accounting solutions in reshaping business operations globally.
Final Thoughts: A Fintech Revolution in Full Swing
From customer milestones to policy-driven opportunities, the fintech ecosystem is in constant evolution. Revolut’s ascent to 50 million users signals growing consumer trust in digital platforms. The PayTech Awards continue to inspire innovation, while political shifts could redefine the regulatory landscape. Initiatives like Klara AI and Unlimit emphasize the power of targeted solutions, and companies like Autire show how niche technologies can achieve broad impact.
The next phase of fintech growth will likely hinge on inclusivity, adaptability, and innovation—pillars that today’s news stories exemplify.
The post Fintech Pulse: Milestones, Partnerships, and Transformations in Fintech appeared first on .
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