KITTOKEN - First Stable Digital Currency

funkyies (0)(1)in #blockchain • 6 years ago

Hello to all and welcome to my ICO review . For those of you who don't know me yet, let me introduce myself. My name is Funke and I'm an experienced writer who enjoys what he does very much. I'm here to give you all the information you might need or want about The User Driven Cryptocurrency of the Future - Utility * Organic Growth * Sharing. I plan to make them “easy read, to the point” because what's important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.

Today, let us all learn and experience together all about KITTOKEN . If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.

KitToken is a Singapore incorporated company that offers a utility token. KitToken aims to help foreign workers in Malaysia transfer money to their homes which could be in countries like Indonesia, Philippines, Bangladesh, India, Nepal and Afghanistan. KitToken is a self-managing financial system with P2P transaction based on open source platform called KitPay.
KitPay which is a payment gateway like an e-wallet. Tokens bought can be left in an e-wallet in hopes that the value of the tokens will go up to make profit. This profit can be sent back home as well.
KitToken will be creating merchants who accept KitTokens as a way of payment to encourage users to try their tokens which will be accompanied by discounts.
PROBLEM

The payment processing industry is the largest target of hackers and phishers. Billions are lost each year because most of the existing financial systems are reliant on database reliant systems security that can be breached by brute force attacks. Millions of people lose money or their sensitive information is exposed to identity theft due to the inefficient system. Additionally transaction fee issue has also been looked into in facilitating the usability of secured digital payment system for the common people on the street.

THE SOLUTION

KitToken seeks to provide a sustainable financial ecosystem that is based on blockchain technology. The platform will use value transfer protocols to facilitate the transfer of payments from peer-to-peer, customer-to-business and business-to-business. The ecosystem will provide the financial industry with features like:

Secure and definite environment

Connects merchants and individuals

Low fees,fast and reliable transactions

Sharing of profit among holders

Strong asset backed business activities

Self-governing technology and global remittance

Secure payment transfers – Unlike the current payment and remittance options that exist, KitToken will be more secure because it is based on blockchain technology. It will be impossible for hackers and phishers to breach the blockchain especially since it is using advanced hash functions that make it safe from Sybil and other network-based attacks. This makes any transactions secure.

Fast global transactions – Making a transfer across the globe is quite slow due to the issues of clearance and settlement of payments. KitToken will provide an alternative that makes the transfer of payments anywhere around the world happen in real-time. This will be beneficial especially for e-commerce and drop shipping transactions that rely on fast transfers.

Low transaction costs – Many of the existing payment transfer methods require high transfer fees. Most of them charge 10-20 percent in transfer costs. This is too high especially considering the unsecured nature of these transactions. KitTokens will charge a fraction of the transaction costs making it more affordable for vendors and merchants.

Sharing of profit among holders – KitToken also provides additional benefits by sharing the profits made from the transactions with token holders. Regular airdrops will be made to those holding KitTokens. This provides a passive income opportunity that requires no skills or investment.

Reputable and compliant – KitToken is a cryptocurrency that will be trading on an SEC-Compliant exchange and it is also officially registered with the Malaysian government. This gives it a legitimacy that most other cryptocurrencies do not have. It will also adhere to any new regulations by the SEC or the MAS.

KitToken developers have been working hard for the past few months to ensure that it is easy to integrate the KitToken payment system on any merchant’s e-commerce store. Additionally, mobile applications will be launched to make it easy for users who are not skilled in dealing with cryptocurrencies to make transactions easily.

KitToken Strategies

Build the gap between the trader and the users

Create a community of merchants and users including suppliers of goods and services, medical services, air travel and hospitality, as well as educational services to accept KitToken as a payment method worth $ 1.5 trillion.

Awareness and recruitment

Create and promote awareness among KitToken holders through dropping and incentive measures. Recruit 1 million KitToken regional holders and facilitate a $ 2.5 trillion peer money transfer

Benefits and extension of the network

Create unique high value projects that will contribute to an annual gain of 3-5% for kittens owners. To expand the network of users through a branding strategy and aggressive promotion

I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind KITTOKEN ”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?

What experience and knowledge do they possess?

Okay, so, because I've already done all the research needed beforehand and thoroughly KITTOKEN I can very happily confirm that this company has a fabulous team onboard. Here they are:

Kittoken Benefits

Current state of cash

Money remains the dominant force in any economy. It will have a change at any time. And this paved the way for the existence of an update and a new version of the payment method, the kitpay method.

Need for KitPay

In the future, Kitpay's technology may enable better development of financial transactions to meet the demand for new currencies. It allows faster, faster and more secure payments

Cryptography Regulation

Asian regional countries are embracing convergence to an era of digital currency disruption where most countries are developing regulatory guidelines to use cryptocurrency as a method of payment.

Cryptography Regulation

Asian regional countries are embracing convergence to an era of digital currency disruption where most countries are developing regulatory guidelines to use cryptocurrency as a method of payment.

How does KitPay Work?

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 business activities.

TOKEN AND ICO DETAILS

KitToken and KitPay is engendered on Ethereum blockchain (an ERC20 Token) and running on the fundamental Ethereum hub.

Token Details

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

Early Bird sale event : 20th to 25th July (Bonus 70%)

26th to 31st July(Bonus 50%)

ICO sale : 1st phase -August 1st to 10th (Bonus 30%)

2nd phase-August 11th to 20th

Do not miss out in this credible investment opportunity, please visit thier website: https://kittoken.net for more token sale details eg contract address.

Token Distribution