In this article, I would like to examine the Kittoken Project, which I think we will hear a lot about in the forthcoming period, the beloved followers of the Crypto World.
Crypto money is rapidly evolving into a proposal for a solution to get rid of problems and bottlenecks in the current financial system. In this context, it is rapidly settled by various ICO projects in daily life. Clearly, crypto money must also have tools for payment and security facilitation so that it can provide this settlement. The Kittoken Project has been developed on the blockchain network to provide these facilities.
What is Kittoken?
Kittoken is a self-managing financial system based on P2P peer-to-peer infrastructure and methodology, open source platform called KitPay. Kittoken is determined to develop a financial ecosystem based on blockchain technology as the "Organic Growth Profit Sharing Program".
The Kittoken will use the "Value Transfer Protocol" to ensure that payments from one person to another are transferred on a peer-to-peer basis. It also aims to create a decentralized platform to achieve faster transaction rates. Current payment systems have a number of disadvantages that need to be revisited. Recognizing this, Kittoken is working on innovative digital mobile payment.
How KitPay Works
KitPay runs as a central server in a blockchain infrastructure distributed from a network-attached hub. KitPay will enable users to own a wallet that stores, exchanges and clears KitToken in everyday classical economic activities. Kittoken owners will benefit from the rise and stability of the Kittoken value. As a result, Kittoken owners will receive a profit share from Kittoken business activities through a Point of Sale (POS) Program.
KITTOKEN, SOLUTION BREAKFAST PROBLEMS
The payment processing industry is the biggest target of hackers and fraudsters. In this context, very high amounts of money are lost annually, unfortunately. Because most of the existing financial systems are based on central databases which are vulnerable to strong cyber attacks.
In this context, millions of people globally lose money or are exposed to identity theft because of sensitive information, weak systems. It is also a separate question today that it is necessary to facilitate the availability of a secure digital payment system for ordinary people in the streets.
SOLUTION PROVIDED BY KITTOKEN
Kittoken aims to provide a sustainable financial ecosystem based on blockchain technology. The platform will use value transfer protocols to facilitate the transfer of payments between peers, between the customer-business world and the business world. The ecosystem will provide the financial sector with the following advantages:
• Provides a safe environment.
• Connect merchants and individuals.
• Low cost, fast and reliable processes.
• Provides profit sharing between token owners.
• Provides strong asset-backed business activities.
• Self-managing technology and global referral.
Secure payment transfers: Unlike current payment and remittance options, Kittoken will be safer because it is based on blockchain technology. It would be impossible for hackers to breach the block chain because they use advanced hash functions that provide protection from hackers and other network based attacks. Therefore, all money transfers can be carried out without any risk of hacking.
Fast global operations:
In the present case, worldwide payment is very slow due to payment infrastructures. Kittoken will offer an alternative that allows real-time payments anywhere in the world. This will be especially useful for e-commerce and nonstock sales transactions based on fast transfers.
Low transaction costs:
Most of the existing payment transfer methods require high transfer fees. Most of them charge 10-20% for transfer costs. This is especially high given the unsecured nature of these transactions. KitTokens is planning to make transaction costs more suitable for sellers and traders.
Sharing of profit share among token owners:
Kittoken will have additional advantages by sharing the profits from the transactions with the token owners. Regular airdrops will be given to those holding Kittoken. This will provide a passive income opportunity that does not require skill or investment.
Reputable and compatible:
Kittoken is a crypto currency officially registered to the Malaysian government, to be traded in an SEC-compliant clearing transaction. This provides a legitimacy that most of the other crypto money does not have. It will also depend on new regulations made by the SEC or MAS.
Kittoken developers have been working in the past few months to make it easy to integrate the Kittoken payment system into any merchant's e-commerce store. In addition, mobile applications will be passed on to make it easier for users who are not capable to deal with crypto money to do things easily.
TOKEN AND ICO DETAILS
Token name: KitToken
Cost per token: US $ 0.05
Total Supply: 8 Billion
Reserve Token Amount for Reserve: 2.5 Billion
Token Amount to be Issued to ICO Sales: 3.5 Billion
Airdrop + Bonuses: 2 Billion
Pre-Sales were realized with a bonus of 70% between July 20th and July 25th, 2018 and a bonus of 50% between 26th and 31st of July 2018. ICO Sales will be done in 2 stages. The 1st Stage will be realized with 30% Bonus between 10th August 2018 and 2nd Stage will be held between 11-20th August 2018.
You can use the https://kittoken.net/buy-tokens-now link to join the project Token Sales.
For more information on the Kittoken Project Please review the following links:
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