KITTOKEN PROJECT - A Secured and Reliable Payment System

vladiik4 (26)in #ico • 6 years ago

About KitToken

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say.

So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects.

We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world.

Because of the access to the internet we are able to get information about one of the most incredible crypto-project which is known as Kittoken.

KitToken is a self-managing financial system with P2P transaction based on open source platform called KitPay. KitToken as “Organic Growth Profit-Sharing Utility”, is committed to develop a financial ecosystem based on blockchain technology.

KitToken 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 transaction rates.

Current payment systems are having a lot of drawbacks that needs to be updated and hence KitToken make way for innovative digital mobile payments.

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 business activities.

THE PROBLEM

The payment processing industry is the largest target of hackers and phishers. Billions are lost each year because most of the existing financial systems are reliant on database reliant systems security that can be breached by brute force attacks.

Millions of people lose money or their sensitive information is exposed to identity theft due to the inefficient system. Additionally transaction fee issue has also been looked into in facilitating the usability of secured digital payment system for the common people on the street.

THE SOLUTION

KitToken seeks to provide a sustainable financial ecosystem that is based on blockchain technology. The platform will use value transfer protocols to facilitate the transfer of payments from peer-to-peer, customer-to-business and business-to-business.

The ecosystem will provide the financial industry with features like:

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

Secure payment transfers – Unlike the current payment and remittance options that exist, KitToken will be more secure because it is based on blockchain technology. It will be impossible for hackers and phishers to breach the blockchain especially since it is using advanced hash functions that make it safe from Sybil and other network-based attacks. This makes any transactions secure.

Fast global transactions – Making a transfer across the globe is quite slow due to the issues of clearance and settlement of payments. KitToken will provide an alternative that makes the transfer of payments anywhere around the world happen in real-time. This will be beneficial especially for e-commerce and drop shipping transactions that rely on fast transfers.

Low transaction costs – Many of the existing payment transfer methods require high transfer fees. Most of them charge 10-20 percent in transfer costs. This is too high especially considering the unsecured nature of these transactions. KitTokens will charge a fraction of the transaction costs making it more affordable for vendors and merchants.

Sharing of profit among holders – KitToken also provides additional benefits by sharing the profits made from the transactions with token holders. Regular airdrops will be made to those holding KitTokens. This provides a passive income opportunity that requires no skills or investment.

Reputable and compliant – KitToken is a cryptocurrency that will be trading on an SEC-Compliant exchange and it is also officially registered with the Malaysian government. This gives it a legitimacy that most other cryptocurrencies do not have. It will also adhere to any new regulations by the SEC or the MAS.

KitToken developers have been working hard for the past few months to ensure that it is easy to integrate the KitToken payment system on any merchant’s e-commerce store. Additionally, mobile applications will be launched to make it easy for users who are not skilled in dealing with cryptocurrencies to make transactions easily.

ICO information

Token: KIT
Platform: Ethereum
ICO time: 20/7/2018-20/8/2018
Price: 1 KIT = 0.05 USD
Accepted Payment: ETH
Soft Cap: 5 millions USD
Hard Cap: 175 millions USD( more than 5 millions USD raised)

Roadmap

Successful project always has a purpose to reach. These points can be read easily on a roadmap to track every progress will be through on the project, easily shown on the roadmap to track the progress of the project. As you can see following below, the Roadmap of KitToken project looks very clear and informing. The team has planned in detail the big amount of tasks to be done and to be through.

Team

KitToken's team are very talented individuals in the different endeavour with sole interest in good business and financial skills and with good knowledge of the blockchain technology.

Amir Mohamed- CEO: He holds an MBA in International Business from the University of East London. He has been the CEO of Billadam- a mobile applications and content development company based in the UK and Cyberjaya which produced the first mobile street map of London. He boasts over 25 years of entrepreneurship experience. He is also involved himself in the trading of cryptocurrencies.

Khalid Abu Hassan- Senior Vice President Corporate Finance : Masters of Science, Applied Statistics and Operational Research from Bowling Green State University.