"KitToken" Utility * Organic Growth * Sharing

dtccrypto (31)in #ico • 6 years ago

What is KitToken ?
Global trend of financial eco-system has evolved to a stage where blockchain technology has taken penultimate position as the driving force. KitToken is a self-managing financial system with P2P transaction based on open source platform called KitPay. The current scenario of emerging innovate technology such as blockchain technology, advancement in fintech, efficient, fast, secured, reliable and low-cost fund transfer as well as the utilization of cryptocurrency by the masses.

It is just in time for financial industry to embrace the wave of change as the way forward.KitToken is subjected to develop a sustainable and stable financial eco-system based on blockchain.It 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 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.

Strategies Of KitToken :

Bridging The Gap Between Merchant And users.
To create a community of merchant and users; including goods 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 hybrid 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.

Profits 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 promotion.

Features Of KitToken :

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.

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® Inc. business activities.

Solution : Rise Of The Fintech
Over past two years, volume of investments in Fintech start-ups has significantly grown. Annual volume of investments in Fintech start- ups approximate USD50 billion. We are living in the convergence of digital transformation.

The impact of this transformation is clearly seen in how we share information, communication, entertainment and financial technology related activities. There are attempts to digitalize many aspects of our lives, especially in the world of finance and banking. Most notably, the advent of Blockchain technology has enabled us to digitalize money via cryptocurrencies such as Ethereum.

There are many attempts to apply Blockchain technology to revolutionize other areas of finance. However, most researchers focus Challenges of Crypto Currencies on transforming only one financial service or product (e.g. remittances or lending). This emerging trend is hampered by legacy systems which are related to regulatory issues and conventional financial set-up.

However, the array of disadvantages that new entrants are facing is short lived by willingness of financial institution to embrace emerging FinTech’s and KitToken® offering the KitPay® System.

KitToken® Security
Before the launch of production version of KitToken® we need to finalise the software solution, undergo strict security, performance and usability tests. Smart contract and blockchain integration implementation will be audited and ethical hacks will be performed to ensure security of the production version.

KitPay® platform comprise of the KitPay® wallet allowing of transactions such as transfer of tokens, monitor balance, transaction history, secured payments in a centralized KitPay® eco-system within decentralized blockchain platform. KitPay® system is protected by firewalls and cybersecurity protection and implementation of Know Your Customer (KYC).

Technology Platform
KitToken® and KitPay® is developed on Ethereum blockchain (an ERC20 Token) and running on the main Ethereum node.

So What is ERC20 ?
ERC20 is simply a subset of the Ethereum tokens. ERC20 is the standard interface for the token code. It enables seamless interaction with smart contracts and permission applications on Ethereum blockchain. Thus, KitToken® will follow the standard functions of ERC20 but not in entirety. A part of function may allow outside integrations depending on the required function of KitToken® on KitPay® platform.

Cryptocurrency market and FinTech companies have become ingrained in our everyday lives. According to forecasts of The World Bank, 10% of world’s GDP will be processed through blockchain by 2025.

As cryptocurrency a medium of exchange, which makes use of cryptography to secure transactions and to control creation of additional currency units. The development of cryptocurrency has been actively growing in the past decade, thus off ering a broad range of transactional possibilities for both users and organizations.

KitToken® aims to become the first stable digital currency whereby the distribution and value of the currency is not controlled solely by the miners, but also the community of users, merchants and businesses having a vital role.

KitPay® provides a unique hybrid Ethereum model for storing and processing digital transactions in a secure and transparent way encompassing Proof-of-Work (POW) and Proof-of-Stake (POS). POW entails the number of transactions or purchase of KitToken® by token holders. POS records the storage of KitToken® in an individual wallet for the purpose of distribution of profit.

KitPay® Wallet And it Security
The KitPay®Wallet is a cross-platform wallet, enabling users to store KitToken®. For the KitToken®, the wallet provides the following functionalities:
● Generate a new address on the Ethereum blockchain network.
● View KitToken® balance and send transactions to other wallets.
● View transactions, pending releases.
● Create payment request and display them as QR codes.
● Scan QR codes to send KitToken® payment in 5 Seconds.

KitToken® Inc. is a company incorporated in Singapore which issues 8 billion KitTokens over the next 3 years. KitToken® Inc. has 10 Mobile Application Functional Overview founding members consisting of professionals and qualified individuals whose combined experiences help to realize the formation of KitToken®
Inc.

The Management Team are :