KitToken - The Utility Organic Growth for Global Trend Financial Eco-system for User Driven Cryptocurrency of the Future

humblemee (44)in #steemauto • 6 years ago

Hello guyz, I highly introduce the world best Utility token known as KitToken. KitToken is committed to develop a financial ecosystem based on blockchain technology.

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Cryptocurrencies has also enable enterprises all over the world to build decentralized financial eco system which connects them directly with their end users. The Global trend of financial Eco-system has evolved to a stage where blockchain technology has taken penultimate position as the driving force. 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.

INTRODUCTION

Kittoken was organized by Amir Mohamad, KitToken's Chief Executive Officer, located at Singapore, he holds an MBA (Master of Business Administration) in International Business from the University of East London, UK. He has been the CEO of Masterplan Center Sdn. Bhd., a data centre company, since 2011. Prior to that, he was the CEO of Billadam, a mobile applications & content development company based in the UK and Cyberjaya (a science park town in Malaysia) which produced the first mobile street map of London. All in all, Amir boasts over 25 years of entrepreneurship experience. Over the last few years, he's also involved himself in the trading of cryptocurrencies. Amir has been appointed to spearhead KitToken as its CEO.

KiToken is a blockchain-based ecosystem which aims to provide innovative and smart payment solutions with the use of cryptocurrencies. The aim of the kittoken platform is to make cryptocurrencies to be widely acceptable as a means of payment just like money. Kittoken is trying to create a smart economy whereby you can walk into any store, buy goods and services and make payment with the use of your cryptocurrencies or visit any online store and make purchases with your cryptocurrencies.

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 Blockchain provides a secure and fast means of carrying out transactions with the use of ledger technology which are super-fast and impossible to hack. definitely a step up to the existing blockchain networks because it has successfully provided solutions to the problem of transaction speed and interoperability problems that has hindered massive adoption of blockchain technology. This network continues to grow with the addition of new feautures daily to further achieve full decentralization and provide an ecosystem where the power belongs to the member of the community.

The kittoken network is reliable in that it is impossible form anybody to control the network no matter the amount of resources that the person possesses. Transactions on the Kittoken network are protected with different consensus algorithms which ensure that there is total decentralization of the network. This makes it impossible for some dominant group of pools to control the network.

UNIQUENESS OF KITTOKEN

USERS’ DATA SECURITY
Users’ and services provider’s data such as identity information, property information, transaction records and reviews on different services are recorded on the blockchain. Data is stored and extracted through a distributed storage scheme with a private key (users’ personal login access to their account).
Data will be encrypted, split, shredded and scattered on different nodes with the distributed storage scheme. If a single node is compromised, full information will not be revealed.

VALUE RECREATION
Kittoken also aim to eliminate the role of intermediaries (third parties) in transactions between buyers and service providers, connecting buyers and services providers directly to each other (peer to peer) so as to eliminate the huge payment of commission (usually fiat) paid to them. With the sharing driven economy payment that can be made in local token (KIT).

DEPENDENT DIGITAL ASSETS DISTRIBUTION
Kittoken develop a peer to peer transaction network which will take out the role of intermediaries and give benefits back to users and service providers.

In Conclusion, KitToken provides a full decentralized pathway to the internet world with the introduction of utility organic growth that allows developers and companies to build decentralized financial eco system that bring them closer to their clients without the need for centralized agencies

General information

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