The main scope of the blockchain and crypto currencies was charting new course for global finance. Touted in some quarters as the next global currency, digital currencies have in their ten-year existence struck many with awe and there’s no going back on its zeal to taken over the financial sector.
When one considers the tons of currencies that have been launched after Bitcoin, it is crystal clear that each has its unique product. Kvantor is another cryptographic currency with difference.
Why Kvantor?
Before mention would be made of the project’s inputs, existing pain points would be deciphered. It is common knowledge the digital currencies wanted to replace their fiat counterparts and the turbulence pervading the 2008 global recession was the right time to strike the nickel. Have n come on board, these currencies created another way for financial transactions; a pattern that didn’t demand for intermediaries. However, current fiat transactions are controlled by one currency – the US Dollar. Thus, many countries and financial institutions struggled to break away from the centralized control found here and that move would be perfected with Kvantor.
Economic Freedom
Kvantor shouldn’t be regarded as enemy of the US Dollar nor a platform that wants to lead many astray. It on the other hand, is a solution to yearning of many that want financial freedom – a freedom that wouldn’t be dictated by any currency. Since many financial institutions want out of the current formation, the blockchain; the parent platform housing Kvantor alongside the distributed ledger technology is best approach towards that.
Future-Focused Banks will be wowed
The platform we have here will be vital towards banks’ zeal to reclaim their stand in the market. The surge of digital currencies had taken away many customers from banks and the unbanked persons found solace in virtual trading. To this end, permutations had been made that banking services will be outdated by 2030. Thus, Kvantor offered helping hand to willing banks to come into the system of decentralized finance and use the blockchain in offering customers new banking services such as cryptographic scoring.
Key Features
Aside banks, businesses and governments are also welcome to unique opportunities of tapping into the booming world of cryptography. Through its smart contracts, Kvantor implements maximum security to transactions and in the same regard reduces transaction costs in addition to processing these transactions quickly.
Banks using the platform are offered immunity from centralized payment gateways, security of their information and charting ways for new clients by offering core services that are highly demanded across different settings.
Kvantor promises to play key role in ensuring financial freedom of governments and availing them opportunity of being independent from centralized economic organizations such as the IMF.
Services offered by Kvantor:
First, the project hopes to create alternative payments that would be robust than one offered by SWIFT. The interbank transfer service allows banks exchange financial information in addition to transferring fiat currencies among banks. Banks will be key benefactors of this service.
Businesses and merchants are availed better transactions through the exchange trading service. The service focuses on key agricultural commodities and raw materials. Transactions are also conducted simultaneously with other service providers such as transport. Commodities exchanged here are paid for either with digital or fiat currencies and will be completed in real-time with the help of SWIFT.
Finally, the banking service is targeted at clients to users using services offered by banks. These clients will in the long run, interact with cryptographic banking services. Factoring and escrow services are also offered just as inter-company transfers will be made swift.
Token Distribution:
Token Sales Information
Ticker: KVT
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 100 million
Soft Cap: $4 million USD
Hard Cap: $45 million USD
Exchange Rate: 1 KVT= $1 USD
Accepted: LTC, ETH, BTC
Registration Country: Cyprus
Restricted Areas: The United States
The Team
Conclusion
In the light of banks fizzling in the next decade, the blockchain would be better way of holding financial transactions. At the moment, banks are already putting up resistance to inordinate loss of customers and their losing out in the game by 2030 would be too harsh on them.
Thus, Kvantor sought to offer an olive branch so banks can keep afloat. Banks that indicate interest in using the platform would be offered services ranging from cryptographic financing to fast transactions and computations. Clients and their attached customers will also have some bite on the cake just as merchants and buyers can utilize the exchange trading in propelling their business to greater heights. Simply put, Kvantor is roadmap to blockchain banking.
USEFUL PROJECT LINKS
WEBSITE :https://kvantor.com/
TELEGRAM: https://t.me/kvantorcom
WHITEPAPER: https://kvantor.com/docs/whitepaper_ru.pdf
TWITTER : https://twitter.com/kvantor_com
FACEBOOK : https://www.facebook.com/kvantorcom
REDDIT: https://www.reddit.com/r/kvantor/
Writer's Bitcointalk username : deodivine1
Writer's Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292