Kumo (KMC)

Kumo (KMC)


Main reasons for dead coin listing – Failed ICO

  • Started 2017, Ended 2018.
  • Social ended 2018
  • Trading ticker (KMC).
  • 26 Million tokens total max?
  • Not available to trade.
  • Was built on the Ethereum blockchain.
  • Website down.
  • The Founder/CEO is Patrick Coleman.

Kumo was founded in 2017 and is not trading on any exchanges. Was added to the dead coins list due to the fact it did not get the funding it needed and the investors got a refund. The Founder/CEO is Patrick Coleman.

Copy paste from old site (archived)

(kumocoin com 2017)

KumoCoins will initially be issued as ERC-20 tokens to give our users immediate control of their purchase. As Kumo continues to develop our proprietary blockchain we will create and issue KMC’s to allow a direct exchange of existing Kumo ERC-20 tokens for KMC’s for use on the Kumo Network and Kumo Application Marketplace

KMC has chosen to introduce new KMC tokens via a crowd sale structure. We will allow users to purchase KMC’s starting July 21st, in a pre-sale at a rate of 1 Ethereum = 500 KMC tokens. This pre-sale will be be limited to 6,000,000 KMCs and will close immediately once they are sold out.

Following our pre-sale we will begin taking deposits for the main sale of KMCs that is currently scheduled for October 1st, 2017. We believe that it is both against the spirit of the blockchain community and potentially a detriment to adoption of use of the KMC network to have a high concentration of KMC’s in a few users hands. To this end we seek to have a broad distribution of tokens via allowing both large and small users alike to buy their tokens in the sale via a deposit mechanism.

To accomplish this there will not be a limit of KMCs sold during the deposit period. Following this during the main sale will be limited to 20,000,000 additional KMCs.

The deposit period sale rate is 1 Ethereum = 200 KMCs
The remaining 20,000,000 KMCs of the main sale period will be sold at a rate of 1 Ethereum = 100 KMCs

Prior to the main sale we will continuously release additional documentation, notices of our hiring successes, a complete technical white paper, and a public – open source – code base that we welcome contribution to.

Screenshot from the old website (archived)