Blockchain Integration and Adaptation - KOI

batangcrypto (40)in #cryptocurrency • 5 years ago (edited)

For an average user/businessman, blockchain integration for their respective businesses that they could use for payments and transactions is almost unlikely. To create and integrate a blockchain based business, someone must possess atleast computer literacy on how cryptocurrency works and on how to operate it. Blockchain removes intermediaries allowing cheap transactions and a secure network where fraudulent activities is impossible.

Introducing KOI,

It is a utility token based on the Ethereum under the ERC20 standard, created to facilitate transactions P2P, P2C, C2C and in the applications of our ecosystem. We will build the true massification of the blockchain and our developments are directed to take advantage of its potential without requiring technology for it.

The Problem

Have you ever encounter a lost of PrivateKey where you had written down in a piece of paper because that is the most secured and appropriate thing to do because of simple precautionary measures and with that, how a normal person could use a cryptocurrency for his business? In terms of use case and technology, cryptocurrencies serves the most beneficial to most of business especially e-commerce, it could help in the automation of payments and faster fund transfer with lesser fees and if even managing the wallet could hurt them, how much more the adaption?

History

Do you remember the Venezuela Economic Crash? Yes that’s it. The Creators of this token that would run in the ethereum network is from Venezuela, they want to help and aid the hyperinflation that was caused by socioeconomic and political crisis using cryptocurrencies, the one that is decentralized and thus value relies on trust. Basically, KOI is created from the depths of Venezuela where electricity is scarce and digital devices are too much, it became a luxury, where money doesn’t count anymore, and where education is the least priority.

Koi Cryptocurrency

Koi is created and mostly adaptable for P2P, C2C, and P2C transactions. The cryptocurrency would serve as a gas for a user to transact using their wallet being the local currency. With this, all transaction would be fast and using their wallet, seamless transactions could be done by a user/businessman with little to no knowledge about blockchain.

Koi Wallet

Features and Benefits

By solving the problem, Koi wallet is made to address problems such bad user interface which makes it hard for any user to easily understand and use the app, ease of use that you pay only with your ID and temporary password, receive notifications on your email on every transaction, transactions could also be used for remittance or sending in any parts of the world for lesser fees and instantaneous transactions as fast as 100k tx per second. Those are some of the most important wallet features of KOI that would attract future users that has little to no-knowledge about cryptocurrency and blockchain. It doesn’t end with that, being a steeping stone in the cryptocurrency world, later on users would be able to know the vital parts of the blockchain and cryptocurrency differences that would soon change the world of finance.

Conclusion

Being a payment gateway that previously works with the banks serves an opportunity to the blockchain for better usage and cheaper fees that really benefit the users. The problem that people could hardly understood what blockchain is resolved by KOI and is reaching out for mass adaption because we all want cryptocurrencies to help our way of living the easiest way possible.