I have downloaded Agama wallet and swing wallet, but both of them always getting error when I try to running those app. Any suggestion which wallet I have to use to participate in this project. My friend suggest me to use paper wallet, but I am looking if there is mobile wallet but I didn't find on PlayStore.
Did you download 2.0.32a-beta? I can assure you that in Win10x64 it works without any glitches, just do not rush, it takes time (5-6hrs for me) to sync all the blockchains you have chosen.
You would not need a wallet to participate in the first decentralized ICO, Komodo team will issue a specialized app where you would just need to install it and use as a regular electrum wallet.
There will be no mobile wallet yet although, as I remember it correctly, there is something in the works.
And no, paper wallet would get you nothing but a ... cold storage. You can do a lot of things with it, including trowing into strangers on the street, but that would not get you participating into any ICO. Just hold on for now and wait for some news from the Komodo guys in a week or two.