KitToken (ICO) - Platform with financial eco-system based on blockchain

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work.

The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world.

Because of the access to the internet we are able to get information about one of the most incredible crypto-project which is known as Kit token.

KitToken is a self-managing financial system with P2P transaction based on open source platform called KitPay. KitToken as “Organic Growth Profit-Sharing Utility”, 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.

Strategies of KitToken

• Building the gap between merchant and users
  To create a community of merchant and users; including goods and service providers,medical services,air travel and hospitality as well as educational services to accept KitToken as mode of payment worth 1.5 trillion.To create Malaysia’s first hybrid crypto wallet platform known as kitpay.
• Awareness and Recruitment
  To create and promote awareness among KitToken holders through airdrop and incentive scheme.To recruit 1 million regional KitToken holders and facilitate peer to peer money transfer worth 2.5 trillion.
• Profits and network expansion
  To create unique high value projects which shall contribute to the kittoken owners’ earning worth 3 to 5% annually.To expand the network of users by branding and aggressive promotion.

PROBLEM KITTOKEN IS PROVIDING SOLOTIONS TO

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.

SOLUTION PROVIDED BY KITTOKEN

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:

1. Secure and definite environment
2. Connects merchants and individuals
3. Low fees,fast and reliable transactions
4. Sharing of profit among holders
5. Strong asset backed business activities
6. 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.

What is ERC20 ?

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.

Cryptocurrency market and FinTech companies have become ingrained in our everyday lives. According to forecasts of The World Bank, 10% of world’s GDP will be processed through blockchain by 2025.As cryptocurrency a medium of exchange, which makes use of cryptography to secure transactions and to control creation of additional currency units.

The development of cryptocurrency has been actively growing in the past decade, thus off ering a broad range of transactional possibilities for both users and organizations.

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.

KitPay Wallet And it Security
The KitPay Wallet is a cross-platform wallet, enabling users to store KitToken.

For the KitToken, the wallet provides the following functionalities:

● Generate a new address on the Ethereum blockchain network.
● View KitToken balance and send transactions to other wallets.
● View transactions, pending releases.
● Create payment request and display them as QR codes.
● Scan QR codes to send KitToken payment in 5 Seconds.

KitToken Inc. is a company incorporated in Singapore which issues 8 billion KitTokens over the next 3 years. KitToken Inc. has 10 Mobile Application Functional Overview founding members consisting of professionals and qualified individuals whose combined experiences help to realize the formation of KitToken
Inc.

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 informationEarly 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 (Bonus 20%)

The Management Team are :

1. Mr. Amir Mohamed Chief Executive Officer (CEO).
2. Mr. Khalid Abu Hassan Senior Vice President Corporate Finance (SVP-CF).
3. Mr. Mohd Taufik Abdullah Senior Vice President Business Development (SVP-BD).
4. Dr. SitiZaharah Ismail Chief Strategy Officer.
5. Ms. Nurul Ain Hassim Chief Information Officer & Technical Lead.
6. Ms. Irma Mardiana Abu Rahim Backend Developer.
7. Mr. Ahmad Faiz Amir Lead Programmer.
8. Ms. Siti Salbiah Nur Hussin Blockchain Integration Manager.
9. Dr. Wan Asiah Wan Adnan Project Manager.
10. Maj (R) Rusydi Noh Ramli Operation Manager.

Advisors :

1. Mr. Sujith Somraaj Founder & CEO StellarGold.
2. Mr. Ben Jones Crypto Currency Evangelist.

Follow KitToken on :

Website : https://kittoken.net/
Telegram : https://t.me/kittokenofficial
Twitter : https://twitter.com/TokenKit
Facebook : https://www.facebook.com/KitTokenOfficial
Medium : https://medium.com/@kittoken.official
Youtube : https://www.youtube.com/channel/UC8pneLrdHF3NS59fyHyA1YQ

My Bitcointalk link profile : https://bitcointalk.org/index.php?action=profile;u=1636502