Review
Global trend of financial eco-system has evolved to a stage where blockchain technology has taken penultimate position as the driving force. The current scenario of emerging innovate technology such as blockchain technology, advancement in fintech, efficient, fast, secured, reliable and low-cost fund transfer as well as the utilization of cryptocurrency by the masses. It is just in time for financial industry to embrace the wave of change as the way forward.
KitToken as Utility Organic Growth Sharing, is committed to develop a financial ecosystem based on blockchain technology. KitToken utilizes value transfer protocol to achieve the transfer of payments from one person to another on peer to peer basis. It also aims at building a decentralized platform for achieving faster and quicker transaction rates. Current payment systems are having a lot of drawbacks that needs to be updated and hence KitToken make way for innovative digital mobile payments. Innovative Technology, transparent and secured transactions make KitToken the best payment eco-system. KitToken also provides a venue for appreciation of value by holders via global open trade and demand for token utilization. KitToken bypass a lot of intermediaries in foreign fund transfer and cross-border payment brokers which limit the access of global blockchain through KitToken decentralized global payment platform. Our KitToken eco-system is completely unique which allows people to make cross-border payments quickly and securely. To create a global community of KitToken users who transact KIT as mode of payments utilizing KitPay.
KitToken is a self-managing financial system with P2P transaction based on open source platform called KitPay. KitPay works as centralized server within a decentralized blockchain infrastructure in a connected to network. KitPay will allow users to own a wallet which stores, transfer and trade KitToken in daily conventional economic activities. KitToken holders benefit from convenient utilization and appreciation of KitToken value. Ultimately, via a Point of Stake (POS) Scheme, KitToken holders receive profit sharing from KitToken Inc. business activities. Thousands of currency-based payment gateways are available in the market.
Over past two years, volume of investments in Fintech start-ups has significantly grown. Annual volume of investments in Fintech start- ups approximate USD50 billion. We are living in the convergence of digital transformation. The impact of this transformation is clearly seen in how we share information, communication, entertainment and financial technology related activities. There are attempts to digitalize many aspects of our lives, especially in the world of finance and banking. Most notably, the advent of Blockchain technology has enabled us to digitalize money via cryptocurrencies such as Ethereum. Before the launch of production version of KitToken we need to finalise the software solution, undergo strict security, performance and usability tests. Smart contract and blockchain integration implementation will be audited and ethical hacks will be performed to ensure security of the production version. KitPay platform comprise of the KitPay wallet allowing of transactions such as transfer of tokens, monitor balance, transaction history, secured payments in a centralized KitPay eco-system within decentralized blockchain platform. KitPay system is protected by firewalls and cybersecurity protection and implementation of Know Your Customer (KYC).
KitToken and KitPay is developed on Ethereum blockchain (an ERC20 Token) and running on the main Ethereum node. ERC20 is simply a subset of the Ethereum tokens. ERC20 is the standard interface for the token code. It enables seamless interaction with smart contracts and permission applications on Ethereum blockchain. Thus, KitToken will follow the standard functions of ERC20 but not in entirety. A part of function may allow outside integrations depending on the required function of KitToken on KitPay platform. KitToken aims to become the first stable digital currency whereby the distribution and value of the currency is not controlled solely by the miners, but also the community of users, merchants and businesses having a vital role. KitPay provides a unique hybrid Ethereum model for storing and processing digital transactions in a secure and transparent way encompassing Proof-of-Work (POW) and Proof-of-Stake (POS). POW entails the number of transactions or purchase of KitToken by token holders. POS records the storage of KitToken in an individual wallet for the purpose of distribution of profit.
KitToken is built on Ethereum, a blockchain-based distributed computing platform that runs smart contracts. By using Ethereum as the abstract foundational layer, we are able to implement all the features and rules on KitToken directly into smart contracts, which are deployed and processed by the entire network. By using the entire Ethereum infrastructure with the purpose of validating transactions and adding new blocks to the blockchain, we minimize any possible attack on the coin.
The KitPay Wallet is a cross-platform wallet, enabling users to store KitToken. Cryptocurrency payment and smart contract implementation purchase payment in KitToken is conducted directly and without any middleman involved, in any convenient currency. The smart contract implementation and the use of blockchain makes the transactions as safe and fast as possible. The smart contract transfers the fund to the recipient account only when the item has reached its destination. KitToken Inc. is a company incorporated in Singapore which issues 8 billion KitTokens over the next 3 years.
Token & Ico Info
Token Information
Token name : KitToken
Symbol : KIT
Decimal : 18
Cost per token : $0.05
Total Supply : 8 Billion
For Reserve : 2.5 Billion
For sale : 3.5 Billion
Airdrop+Bonuses : 2 Billion
ICO and Pre-sale information
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Early Bird sale event
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20th to 25th July (Bonus 70%)
26th to 31st July(Bonus 50%) |
ICO sale
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1st phase -August 1st to 10th (Bonus 30%)
2nd phase-August 11th to 20th (Bonus 20%) |
For information detail visit link in below :
Medium | Youtube | ANN Thread
My ETH Address : 0xDF62ec0A587765DFf4fE5FCD9074BE71AD5DC0B0
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