KitToken - Platform with financial eco-system based on blockchain.

norainly (0)(1)in #ico • 6 years ago

What is KitToken ?

KitToken is a Singapore-registered company that offers a utility token. KitToken aims to help foreign workers in Malaysia transfer money to their homes which could be in countries like Indonesia, Philippines, Bangladesh, India, Nepal and Afghanistan. The rates offered are cheaper compared to normal, conventional banks and PayPal.

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.

KitToken has a platform called KitPay which is a payment gateway like an e-wallet. Tokens bought can be left in an e-wallet in hopes that the value of the tokens will go up to make profit. This profit can be sent back home as well.

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

KitToken will be creating merchants who accept KitTokens as a way of payment to encourage users to try their tokens which will be accompanied by discounts.

What Different KitToken With Other Platform ?

KitToken provides cheaper platform to transfer protocol to achieve the transfer of payments from one person to another. They also aims to build a decentralized platform for achieving faster and quicker transactions across the borders.

Technology Platform
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.