KitToken is out to develop a sustainable and stable financial eco-system based on blockchain.It utilizes value transfer protocol to achieve the transfer of payments starting with one person then onto the next on peer to peer basis. It also aims at building a decentralized platform for achieving faster and quicker transactions across the borders. It also uses the world's top most security systems to make sure that its financial ecosystem is fast as well as secure.
Global trend of financial eco-system has evolved to a stage where blockchain technology has taken penultimate position as the main thrust. The current scenario of emerging innovate technology, for example, blockchain technology, advancement in fintech, efficient, fast, secured, reliable and minimal effort fund transfer as well as the utilization of cryptocurrency by the masses. It is in the nick of time for financial industry to embrace the wave of change as the way forward. That is the reason Kittoken is here to bring the arrangement we crave.
Strategies of KitToken
Conquering any hindrance between merchant and users
To create a community of merchant and users; including products 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 crossover 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
Benefits and network expansion
To create unique high value projects which shall contribute to the kittoken owners' earning worth 3 to 5% anually
To expand the network of users by branding and aggressive advancement
Features of KitToken
Secure and definite environment
Connects merchants and individuals
Low fees,fast and reliable transactions
Sharing of benefit among holders
Solid asset backed business activities
Self-governing technology and global remittance
Motivations of Kittoken
Present Condition of Cash
Cash remains the dominant force in any economy.It will have a change at all times. And this is what which paved way for the existence of an updates and new version of payment method the kitpay method.
Necessity of KitPay
In future Kitpay technology can allow better development of financial transactions to meet he demand for new currencies. It enables faster and quicker as well as safer means of making payments.
Convergence to digital currency disruptive era is accepted by regional Asian Countries where most countries are developing regulatory guidelines for using cryptocurrency as a mode of payment .
How does KitPay Work?
KitPay fills in as centralized server inside 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 benefit sharing from KitToken Inc. business activities.
Token name : KitToken
Symbol : KIT
Decimal : 18
Cost per token : $0.05
Token count info
Total Supply : 8 Billion
For Reserve : 2.5 Billion
For sale : 3.5 Billion
Airdrop+Bonuses : 2 Billion
Platform and Compiler Version
Platform : ERC20(Ethereum Platform)
Compiler Version : v0.4.21+commit.dfe3193c
Type of token
Utility token and is now subjected to howey test.
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 (Bonus 20%)
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
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 medias
Launch of KitToken pre-sale on July 20,2018
Launching of KitToken
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++
Q1 of 2019
Launching KitToken.Inc travel and tour project
Partnership with local and international bank
Listing on another exchange
Q2 of 2019
Launching KitToken Neurosciences Project
Listing on new exchange
Q3 of 2019
Launching KitToken Petroleum Bunkering Project
Listing on another big exchange
Launching More mega projects in future
Listing on nearly 25 big exchanges
Mr. Amir Mohamed: Chief Executive Officer (CEO)
Mr. Khalid Abu Hassan: Senior Vice President Corporate Finance (SVP-CF)
Mr. Mohd Taufik Abdullah: Senior Vice President Business Development (SVP-BD)
Dr. SitiZaharah Ismail: Chief Strategy Officer
Ms. Nurul Ain Hassim: Chief Information Officer & Technical Lead
Ms. Irma Mardiana Abu Rahim: Backend Developer
Mr. Ahmad Faiz Amir: Lead Programmer
Ms. Siti Salbiah Nur Hussin: Blockchain Integration Manager
Dr. Wan Asiah Wan Adnan: Project Manager
Maj (R) Rusydi Noh Ramli: Operation Manager
Mr. Sujith Somraaj: Founder & CEO StellarGold
Mr. Ben Jones: Crypto Currency Evangelist
KitToken is officially registered with the Malaysian government. KitToken will trade on exchanges that are compatible with the SEC, where you can buy and sell them profitably. KitToken can be used with existing point programs. KitToken can be exchanged for crypt and cash.
KitToken can also be purchased for items.KitToken is a self-managed financial system based on P2P transactions on an open source platform. This platform is called KitPay.KitPay will work as a centralized server within a decentralized blockchain infrastructure in an interconnected network.
KitPay will allow users to have a wallet that stores, transfers and markets KitToken in daily conventional business activities. KitToken holders will benefit from the use and appreciation of KitToken's value. Ultimately, through a Point of Stake Plan (POS), KitToken holders receive participation in the benefits of the business activities of KitToken Inc.