Hello friends! We have discussed about what is KitToken, features of KitToken and its specialty from my previous article.
So, today from this article, let’s get an clear glimpse about this novel advent of KitToken to the financial world.
Money remains the predominant power in any economy. To convince better security to our money, KitToken offers the best option; new form of installment strategy the Kitpay technique.
In near future, Kitpay technique can gain better advancement of budgetary exchanges. It provides more accelerate, snappier and high security for your installments.
Why do we need Blockchain?
Cryptocurrency payment and smart contract implementation purchase payment in KitToken is conducted directly and without any middleman involved, in any convenient currency. The smart contract implementation and the use of blockchain makes the transactions as safe and fast as possible. The smart contract transfers the fund to the recipient account only when the item has reached its destination. Transaction transparency ensured by the blockchain technology and KitToken holders will get an access to the open-source statistics with real-time publication of important metrics of business processes and the platform development dynamics: purchases, the number of active stores and visitors, average receipt amount etc.
Structure of KitToken
The entire engineering and outline of the KitToken is based on the Ethereum. Every application made through this are based on the Truffle. Truffle is a situation for improvement, testing and resource pipeline for Ethereum.
Ethereum Truffle
Ethereum truffle is used for,
- Built –in smart contract complication, linking, deployment and binary management.
- Configurable build pipeline with support for custom build processes.
- Network management for deploying to many public and private networks.
Why do you need to select KitToken?
Today, hackers are on the rise phishing looking for touchy and sensitive information’s online. Thereby, many users are prey, with their sensitive information’s stolen due to inefficient financial systems. Credit card details get stolen and data of them lost frequently. Therefore, users fall victim to theft, identity fraud and so on. Here, KitToken targets to provide a solution to all these deficiencies. It tends to provide a solution to this burning issue in financial world. KitToken is a sustainable and stable financial ecosystem that based on decentralized blockchain technology.
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.
Core trends of KitToken
In near future, KitPay technology can allow better development of financial transactions to meet the demand for new currencies.
Cash remains is the dominant force of any economy. Hence, the financial landscape will change in near future with the advent of KitToken.
Convergence to digital currency disruptive era is being accepted by regional ASIAN countries, where most countries are developing regulatory guidelines for crypto currency utilization as a mode of payment.
Strategies used in KitToken
There are several strategies used in KitToken to enhance its performance.
- To promote and create awareness among community of KitToken holders through programmes such as Airdrop and Incentive Scheme.
- To recruit 1 million regional KIT holders and facilitate P2P money transfers worth trillion KIT.
- To create unique high value projects which shall contribute to the KitToken owners’ earnings worth 3-5% annually.
- To expand network of users by co-branding and aggressive promotion via social media and top down government and corporate sectors.
- To create a community of merchants and usrs; includes goods and services providers, medical services, air travel and hospitality as well as education services to accept KIT as a mode of payment worth 1.5 trillion KIT.
- To create Malaysia first hybrid crypto wallet platform known as KitPay.
- To bridge and facilitate institutional capital investment with regulatory agencies.
Roadmap of KitToken project.
July 2017
- Concept design
- Research on cryptocurrency market and transfer medium between ASEAN countries
October 2017
- Technical specifications and survey on users experience on money transfer
- Approach travel agencies regarding new, cheapand reliable payment method.
December 2017
- Building network among corporate and cryptocurrency network
- Approach financial and technical partners
- Constructing human resource requirement for operational purposes quarter one and quarter two of 2018
January 2018
- Finalizing necessary financial procedure with local and international bodies.
February 2018
- Development of KIT token website and wallet
- Establishment of technical partners
April 2018
- Establishing KitToken alpha platform and whitepaper preparation
July 2018
- World crypto asset blockchain alliance ASIA summit on July 7th 2018
- Kit token airdrops and establishment in all possible social media
- Launch of KitToken pre sale on July 20th , 2018
August 2018
- Launching of KitToken ICO
- 1st – 10th ¬= 1 phase of ICO(with 30% bonus)
- 11th – 20th = 2 phase of ICO ( with 20% bonus)
September 2018
- Launching of KitPay web wallet and mobile apps version 1.0
October 2018
- Business development and strengthening of partnerships
- Exposing KitToken actively through international forum
2019
Quarter one
- Launching KitToken .Inc travel and tour project
- Partnership with local and international bank
- Listing on major exchange
Quarter two
- Launching KitToken Neurosciences Project
- Listing on major exchange
Quarter three
- Launching KitToken Petroleum Bunkering project
- Listing on another big exchange
2020
- Launching more mega projects in future
- Listing on nearly 25 big exchanges
Conclusion
KitToken will be readily acceptable as its KitPay wallet will have features unseen in other crypto wallets. Its ability to exchange in multi-currency and multifiat will make KIT a universal payment, receivable gateway for business to business as well as business to customer. KitPay mobile application will also catch the attraction among people all over the globe. The most specialty of this is having firewalls and cybersecurity for the information flow via KitPay wallet. Therefore, by looking all above things I can say KitToken has already given promising hopes to the people who engaged in financial world. Therefore, I personally like to recommend this project to anybody due to its outstanding features.
Keep in Touch guys and Girls.
Thank you
Channa Jayawickrama
Don't forget to follow these social media profiles to get the latest news about the project.
- Website: https://kittoken.net/
- Telegram : https://t.me/kittokenofficial
- Twitter: https://twitter.com/TokenKit
- Facebook: https://www.facebook.com/KitTokenOfficial
- Bitcointalk: https://bitcointalk.org/index.php?topic=4557979.msg41057899#msg41057899
Author Details:
- Name : Channa Jayawickrama
- My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2257529