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.
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.
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:
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.
THE UNIQUENESS OF KITTOKEN
TOKEN AND ICO DETAILS
Token name: KitToken
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.
Research on cryptocurrency market and transfer medium between ASEAN countries
Technical specifications and survey on users experience on money transfer
Approach travel agencies regarding new,cheap and reliable payment method
Building network among corporate and cryptocurrency network
Approach financial and technical partners
Constructing human resource requirement for operational purposes
Q1&2 of 2018
Finalizing necessary financial procedure with local and international bodies
Development of KIT token website and wallet
Establishment of Technical partners
Establishing KitToken alpha platform and whitepaper preparation
World crypto asset blockchain alliance ASIA summit on July 7th,2018
Kit Token airdrops and establishment in all possible social media
Launch of KitToken pre-sale on July 20,2018
Q2&3 of 2018
Launching of KitToken ICO
1st — 10th — I phase of ICO (30% Bonus)
11th — 20th — II phase of ICO ( 20% Bonus)
Launching of KitPay web wallet and mobile apps Version 1.0
Business development and strengthening of partnerships
Exposing KitToken actively through international forum
2019 and 2020
Launching KitToken.Inc travel and tour project
Partnership with local and international bank
Listing on major exchange
Launching KitToken Neurosciences Project
Listing on major exchange
Launching KitToken Petroleum Bunkering Project
Listing on another big exchange
Launching More mega projects in future
Listing on nearly 25 big exchanges
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
White Paper: https://img1.wsimg.com/blobby/go/030bdbd0-d698-4aa3-ba4d-d2bc680f2ec9/downloads/1chf5j90p_313571.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4557979.msg41057899#msg41057899
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1839623
Disclaimer: This article was published in terms with the bounty campaign. I am not a project team member or its representative but a supporter of this tremendous project.