Kryptobits: Banking without banks based on blocking

bakso.super (44)in #ico • 6 years ago

The project, which will be discussed this time, was launched only at the beginning of this year. Nevertheless, its creators managed to develop a truly effective concept, the implementation of which within the framework of the Kryptobits project will allow users to get rid of many of the problems, difficulties and barriers that they face every day, using the services of banks.

On May 17, developments on the Kryptobits project reached a new starting point - the launch of the Pre-ICO, in which the developers of the platform publicly sell the KBE tokens of the project. Presley will last until September 3, after which the main round of ICO will start, which will take place in 3 phases and ends on October 4 this year.

At the time of writing the review (July 6), the project founders were able to collect € 2,006,827 - half of the required Soft Cap. With such a pace, considering that until the end of public sales of tokens remains almost the whole 4 months, the project has all chances to close ICO ahead of schedule, having sold all KBE and having reached Hard Cap in € 100,000,000.

Moreover, the creators of Kryptobits so responsibly approached the marketing campaign and the promotion of their project to the masses that they specially organized events in different cities of Europe, within which they will present their project to its potential audience.

Such kind of presentation events Kryptobits are planned in Spanish cities such as Malaga, Madrid, Puebla, Barcelona, Alicante, and also in Swiss Zurich. Such events, unequivocally, will allow the project's founders to gather around themselves an audience of potential ICO participants and draw public attention to the project.

Well, today our task is to tell as much as possible about the project Kryptobits, its idea, features and details. In this article, let's talk about the main mission of the project - to create conditions for the use of banking services without banks. Therefore, let's learn in more detail what difficulties face market participants and how Kryptobits will deal with them.

Main idea

With the advent of blocking technologies, users have the opportunity to make faster and safer transactions, which is so lacking in modern banking systems that are regularly exposed to hacking and fraud. For all the time of the existence of technology and the implementation of block projects, especially in the past few years, developers have learned to get the most out of its capabilities.

In this regard, it's time to create a truly effective solution and take advantage of the technology of the blockade by design. The creators of Kryptobits took into account all the main difficulties, problems and barriers that arise with bank customers in order to provide them with a truly effective opportunity to use financial services without banks.

As you could already understand, the main idea of the Kryptobits project is the creation of a platform based on blockade technology, smart contracts Ethereum and own crypto currency - Kryptobits Tokens (KBE), KartoCoin and KartoStep (we will discuss them in more detail in the next part of the review).

The Kryptobits platform in the future will become the main competitor not only of banking structures and other traditional financial institutions, but also block projects that are also aimed at providing basic financial services using blocking technology.

The thing is that the solution of the Kryptobits platform will allow its users to use financial services not only with the help of crypto currency, as it does in most other blockbusiness platforms, but also to carry out transactions with phiath (national) currencies.

Such an advantage will significantly expand the target audience of the platform. On the one hand, Kryptobits will be able to provide its services not only to participants of the crypto-currency market, but also to supporters of traditional systems, and on the other hand it will help attract more users to crypto-currencies, their widespread introduction and use.

More details on the structure of Kryptobits, its components, tokens and other solutions that will be implemented within the framework of the project will be discussed in the next part of the review. Now let's find out what are the barriers and difficulties that the modern banking system is now characterized, and what other problems can the creators of Kryptobits solve.

New solution to old problems

On the one hand, banks and other financial institutions are the way to get financial services that are used for years, and many trust them. But, at the same time, they still lack efficiency, including speed, ease of implementation of transactions, security and economic profitability.

These shortcomings began to manifest themselves more and more as the number of solutions based on blocking technology increased, since it was with its appearance that people got a new transaction tool - faster, more reliable, safe and, no less important, cheaper, due to low commissions .

Blocking platforms for cryptotrading and crypto-exchanges, despite their stated effectiveness, are often too complicated to use and do not allow you to operate with fiat currencies-only exchange one crypto currency for another.

Such complexity in use and navigation often repels many users from among the newcomers of the crypto-currency market from cryptotrade, so the creators of Kryptobits have made sure that the platform is as easy to use as possible so that everyone has the opportunity to perform safe operations, both with crypto-currency and phi currencies.

Another feature of Kryptobits, in comparison with banking institutions and even some block-platforms - is the cost of obtaining financial services. Commissions through Kryptobits are both safe, and fast, and cheap, so, for example, obtaining loans through the platform will be the most cost-effective.

An essential shortcoming of banking and other financial institutions is the functioning as intermediaries. As you know, mediation provides an inflated cost due to the provision of services. The technology of blocking and the use of smart contracts Ethereum allows you to get rid of the need for intermediaries.

The Kryptobits platform took advantage of this opportunity and implemented it in smart contracts that allow the platform itself to act not as an intermediary but as a tool for interaction between investors who make a profit by investing in the platform and customers who use the platform to obtain financial services .

Moreover, in Kryptobits there are no minima for entry. This means that the user does not need to have any minimum deposits in order to start using the platform for financial transactions. This feature of the platform will play an exceptionally positive role, as it will expand the capabilities of a wider audience for the use of Kryptobits.

This is how the creators of the Kryptobits platform are going to solve the problems that existed in the modern banking system and blockbusiness platforms before that time. In the next part of the review, we'll talk in more detail about how exactly the idea of Kryptobits will be implemented in the platform and what features are opened by its tokens .