Kalycoin — A platform to enable fast and secure cross-border money transfers
Introduction
One of the key growing technology trends of our century is blockchain technology and crypto-currencies. Blockchain technology is creating the groundwork for a range of next-generation applications that will allow stronger and more inclusive communities by enabling untrusted, immutable, and decentralized transactions.Traditional fiat currency payment systems are based on outdated infrastructure, making it difficult to implement new and creative payment methods such as crypto-currencies.
When we look at the traditional cash-based payment systems with fundamentally perspective, we see that the
- The system is highly centralized.
- Because of the rigid standards, there is a lack of flexibility.
- Costly for customers) and many difficulties are incorporating innovations/currencies.
More advanced digital money payment options have already arisen in several countries, nearly completely replacing the conventional cashless payment method (for example, mobile money in Africa and Alipay in Asia.). Regrettably, existing blockchain technology is not fully utilized to provide a viable, efficient, and customized alternative to traditional money networks. So we need a more versatile blockchain cryptocurrency to solve the existing problems.Here, comes KALY!
What is KALY?
The goal of KALYSSI is to hasten the transition to crypto-currencies. Indeed, the KALYSSI team has a clear goal: to make crypto-currencies available in safe wallets while focusing on their practical applications. KALYSSI required a little more than three years to introduce the primary product of its consumer offering: payment cards accepted internationally, the KALYPAY Visa cards, in collaboration with its partner Visa. Following that, KALYSSI made ATMs available to clients to purchase and sell cryptocurrencies, the integration of traditional payment methods into the KALYPAY ecosystem, and the purchase of products and services.
This KALYSSI strategy is based on the fact that standard payment networks do not accept crypto-currencies natively today and that doing so is a time-consuming and costly procedure. The market process severely limits the number of people we can introduce into the cryptographic environment.
The mission and the vision
Mission: To hasten the adoption of crypto-currencies.
Vision: To be the go-to resource for rules and transfers in any place, integrating the most cutting-edge methodologies and technology.
The KALY team believes that decentralization is critical to creating a better society for all people and hastening the world’s adoption of crypto-currencies.By establishing a network of crypto-currency initiatives on the one hand and concentrating on improving merchants’ capacity to take crypto-currencies as payment on the other.The team wants the KalyCoin network to be a high-performance blockchain system that makes crypto-currency users and businesses accepting crypto-currencies transparent, lucrative, and safe.
Transaction mechanism for Kalycoin
Transaction 1: Transaction between two customers A and B, in which customer A sends an order to KLC, which, after checking the amount, conducts the transaction by crediting B’s account.
Transaction 2: When paying at a KalyPay merchant, the transaction is sent to KLC, and following verification of the data’s accuracy, the transaction is completed by crediting the merchant’s account.
Why should you use Kalycoin?
Kalycoin was introduced in 2020 on the Smart Chain Binance, which makes transactions fast, transparent and cheap cost.
The following are some of the benefits of using KALYCOIN.
1.TRANSACTIONS THAT CAN BE TRUSTED
There is no chance of losing transaction fees between users.
With transactions, you may be free of strain and stress.
TRANSFERS INTERNATIONAL
KLAYCOIN offers low-cost, secure international money transactions.TRANSACTIONS THAT ARE COMPLETELY QUICK
KALYCOIN transactions are very rapid transactions between consumers and merchants.
4.PORTFOLIOS THAT ARE SAFE
An SSL / HTTPS certificate protects the website and wallets.
5.REGULATION ON KYC/AML
To comply with requirements, KYC / AML identification checks are required.
6.EXCHANGE WITHOUT CENTRALIZATION
Buy and sell swiftly while preserving complete control over your finances.
Ecosystem
ECOSYSTEM KALYCOIN IS A PART OF AN ECOSYSTEM WITH TWO SECTORS.
1.A platform for Transfer.
Kalypay is a multi-currency payment system. The staking of the KLC staking entitles you to an annual charge in addition to the transfer. To sustain the price of a harmonized rise, 20% of earnings will be reinjected into liquidity pools.
- Kalymarket is a cryptocurrency marketplace
The first Marketplace to accept crypto-currency payments will accept Kalycoin as a form of payment.Kalycoin will be accepted as a payment method at the partner merchants in addition to the Marketplace.
Roadmap
● 2021
Q2
Development of the Kalypay system
Deployment of KLC on Binance Smart Chain
Q3
Private sell
Listing on Loken
Listing on p2pb2b
Q4
Launch of the ICO and IEO KLC
Integration of payment APIs
● 2022
Q1
Launch of the Kalypay platform
KalyPay app development
Q2
KLC Listing on 2 Exchanges
Deployment of crypto ATMs
Q3
Merchant integration
KLC Listing on 2 Exchanges
Q4
Launch of KalyPay Multi-Currency Listing
Cards from KLC on 2 Exchanges
Token & Tokenomics
Token Issuing Entity: KALYSSI
Token Name: KALYCOIN
Symbol: KLC
Total bid: 75,000,000 KLC
Tokenomics and Distribution
Distribution mechanism: pre-sale, sale, secondary distribution
DISTRIBUTION OF KLC TOKENS
ICO KLC 19% — 14 250 000
IDO LaunchPad 1% — 750 000
KLC Ecosystem 60% — 45 000 000
Marketing 5% — 37 500 000
Reserve 10% — 7 500 000
Developers 5% — 3 750 000
TOTAL 100% — 75 000 000
Team
Conclusion
This is undoubtedly a fantastic initiative in which you may benefit from the early bird discount by investing early. The project’s crypto and blockchain fundamentals are strong. In addition, the roadmap appears to be pretty appealing and feasible. So there is space, but there is also room for this project to expand. Definitely worth investigating and investing in!
For more information
Website: https://kalycoin.io/en/
Whitepaper: https://kalycoin.io/wp-content/uploads/2022/03/White-paper-KLC-EN.pdf
Bounty Thread: https://bitcointalk.org/index.php?topic=5395756.0
Telegram: https://t.me/kalypay
Twitter: https://twitter.com/Kalypay
Facebook: https://www.facebook.com/Kalypay1/
Instagram: https://instagram.com/Kalypay
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