Krosscoin is simply a framework which is consumption-token based which allows several application creators and developers to monetize any effective, functional and impressive component mainly in any application which is being run on any platform. This platform is an open platform that enables distribution and monetization simply. The adoption obstacles which is usually in a one-time and subscription licensing is being removed by this monetization concept. This enables an application developer to have full access and access to the functionality of any application. One important thing to note is that usage increases, so does monetization giving an edge for the creation of user experience.
Certain features are included in this monetization concept; an API interface, payment gateways. An API interface enables a quick and rapid integration of monetization while banking procedures and payment gateways are very much inconsequential as payment by users is being made with KSS tokens and developers are paid with KSS tokens. The first application that utilized a full grade of the Krosscoin monetization platform is pending Pipdroid application (Pipdroid Optima). This Pipdroid allows for execution of mobile projects, social trading, forex, stocks trading and management of crypto transactions or trading of bots.
The reason for the setup of Krosscoin is as a result of innovation by team members. The application was created by Mark who is a cryptocurrency entrepreneur. One of the in-house projects involved in this monetization concept is Ribbon which does several things. Ribbon makes sure of using a crypto wallet when converting texts, chats, voice and video communication with gifting. This Ribbon project promotes effectual communication between people such as family, team members etc. One other thing you can do with Ribbon is raise funds anonymously into your crypto wallet.
The project has not begun their ITO project and this has been set for December 1, 2017 which will run through February 1, 2018 in 3 ITO phases. After this period, KSS will be listed and traded as an ERC20 standard token on several exchanges. This project provides a reward for inventors of new ideas by partnering with developers on ideas and making sure there is a share in the distribution of revenue. Also, it is effective in developing countries where local distribution is made and the revenue entails volatility of currency which can bring about a balance in global distribution and other currency risk evident today. The Pipdroid Optima has a very interesting effect on multiple markets by ushering a new different level of trading and no doubts, Petal and Petal products are evidence of what is to come.
Business Model
- Revenue Generating Application: a new set of apps is accompanied and embedded with KSS monetization
- Open Monetization Platform: KSS platform will be available to app developers using API interface and will be charged 1% consumption fee.
- KSS Permanent Burning: There is always a possibility of increasing the long-term value of KSS. Permanent burning of 10% of platform fees and 25% of Vinekross Corp mobile apps.
Benefits
Krosscoin is a monetization platform that’s is built using the Ethereum decentralized blockchain network. Rapid Krosscoin adoption requires an easy framework to implement, an open API is usually made available to any app developer. Any application transaction using the API can be done on the KSS Ethereum blockchain in which as the KSS is decentralized, third party monetization intermediaries become unimportant while application publishers have direct access to revenue via the KSS Ethereum blockchain.
Features
- Ethereum Blockchain: The distribution of KSS is by Ethereum wallet as ERC20 tokens after the conclusion of each stage of the ITO e.g. Pre-ITO participants always receive their tokens before stage 1 participants.
- Cross Platform; Android, IOS: A KSS monetization that will be running on both Android and IOS.
- Consumption-based Monetization: KSS API allows an application to process consumption or usage fee in KSS.
- Multiple Mobile App Releases: Vinekross Corp released several applications that generate revenue which has been integrated with KSS by Pre-Vinekross Corp. More applications are applications pre-integrated with Krosscoin.
- 100 Million ExRCCirculating Supply- 20 Tokens: 5% presale, 35% ICO, 25% future project development, 25% founders/ developers/ helpers and 10% reward are distributed in this platform.
- Multi-Platform Ecosystem: Apps are allowed exchange value with other apps, merchants etc.
- Decentralized Instant Access: Developers can easily make transactions by sending and receiving KSS tokens as transactions occur in the KSS Ethereum blockchain.
- Proof of Community: Krosscoin is simply a utility token which can be exchanged for mobile app usage. Proof of Community means ownership of KSS.
The 3 ITO Phases:
Phase One : Pipdroid Pearl (for MT5)& Pipdroid Petal (for MT4), Ribbon.
Pipdroid Pearl & Pipdroid Petal
This is the only-user launched mobile algorithm platform (trading), Pipdroid allows traders to access Metatrader by launching a MQL5 and MQL4 Expert Advisors (EAs or bots) respectively. This way, traders can automate trading of forex, stocks and commodities. Some of these transactions consume KSS. The requirement for automated trading includes; complex maintenance of technical infrastructure, monthly recurring costs and cost of large initial upfront bot-program. Pipdroid significantly reduces cost and provides an easy, state-of-the-art mobile trading. This Pipdroid development scope has already secured a provisional patent #62919945 from the USPTO. It is pertinent to choose from over 20 brokers to either run through own trading algorithm or even activate one Pipdroid trading bots.Ribbon
Ribbon converges using a crypto wallet, texts, chats, voice and video communications with gifting. It enhances effective communication among team members, family etc. Fund raising can be done using this concept by charity and non-charity organizations. There is an embedded GPS navigation that allows for in-person meet-ups for mainly social/cash-crypto transaction. One effective way of exploiting Ribbons is to integrate into social network where others can be inspired to contribute. Another characteristic of Ribbon is that it can send signed pdf/word documents.
Phase Two : Pipdroid Optima, Kross Monetization Platform.
Pipdroid Optima
is an innovative, revolutionary cross trading brokerage/exchange platform. This allows for forex, stocks and crypto trading within the same environment. Transactions can be made across multiple exchanges simultaneously, conduct rate arbitrage or optimize buying and selling easily. The chat platform accompanied with it allows for group cooperation and innovative sharing of ideas and knowledge. Optima introduces the idea of “social trading” where copying of portfolios that are quite profitable are made. Profitable portfolios are known to earn KSS from their subscribers.Kross Monetization Platform
Utilization of Krosscoin in which an open platform that enables distribution and monetization of any application. This platform can reward inventors of their ideas by making them partner with developers and making sure there is a share in revenue distribution.
Phase Three : Freelance Platform and Merchant Platform.
There is a promotion of KSS usage on these platforms among non-technical people. The is creation of partnerships with media companies and online retailers by Krosscoin. Online stores in developing countries will benefit a lot as a currency option from KSS. The following are projects under business developments: music distribution, healthcare products, remittance, gaming.
As Vinekross Corp is USA-based, certain regulatory requirements must be met and acquiring certification before releasing crypto-trading capabilities. The estimated minimum budget for Phase 2 is $2 million, therefore, contribution to finalize these costly procedures is advised for the birth of breath-taking apps.
Transaction Revenues & Profits
- KSS Burn Rates
On the KSS platform, 10% of the fees received are going to be permanently burned until a certain supply of Krosscoin reaches 21 million. Also, 25% of profit from Vinekross Corp apps will be permanently burned too until the total supply of KSS reaches 21 million. Vinekross Corp has a right ownership of all properties for KSS products mentioned.
Pipdroid Solution for Algorithmic Trading
Algorithmic trading has far as 2010 as gained public attention and it is an essential part for successful trading and there is a solution to making it mobile and easily accessible to traders. The Metatrader app android app allows traders to create accounts and have accessibility of logging in to different broker platforms. Traders can access charts, news and even trades manually. Already today, Pipdroid, in combination with Metatrader app offers a full mobile control of trading, executing and management of bots even when your PC is home.
The next development of Pipdroid i.e. Pipdroid Optima will arithmetically offer trading of cryptocurrencies and tokens across several exchange channels in which rate arbitrage can be conducted, buying and selling of anything crypto too is made possible with a full-time support of a cloud-bot architecture.
Initial Token Offering.
The Krosscoin Initial Token(ITO) Timeline goes thus;
Phase 1 ITO: $0.50
Token: 20 Million Tokens.
% of KSS Supply: 20% of KSS Supply.
Time Range: Dec 1st, 2017- Dec 21st, 2017.Pre-ITO: $0.25
Token: 5 Million Tokens.
% of KSS Supply: 5% of KSS Supply.
Time Range: Sept 15th, 2017- Oct 15th, 2017.Phase 2 ITO: $0.70
Token: 5 Million Tokens
% of KSS Supply: 5% of KSS Supply.
Time Range: Dec 22nd, 2017- Jan 11th, 2018.Phase 3 ITO: $0.70
Token: 5 Million Tokens.
% of KSS Supply: 5% of KSS Supply.
Time Range: Jan 12th, 2018- Feb 1st, 2018.Trading: $1.00
Krosscoin expects to list at a market value of $1.00 per token on several exchanges.
Time: February, 2018.
Token Distribution
There is need for striking a balance between sufficient rate of investment to execute on the product outline and long-term growth, Krosscoin therefore budgets 25% of profits for future public sale. For example, there is total token allocation of $50 million;
Total Token Allocation: $50 million
Pre-Sale: $2,500,000
ITO: $17, 500, 000
Rewards: $5,000,000
Founders/Project Team: $12,500,000
Future Development: $12,500,000.
Token Swap Information
Recently, it is heard that Krosscoin is moving to Ethereum blockchain. This is complete crossover in which a token swap would be conducted after ICO on Ethereum blockchain. The following steps are expected to be carried out with respect to the condition;
- Go to myetherwallet.com and make sure you get an ethereum address (new address could be created). It is important to save password, private key and other necessary information carefully.
- Send the Krosscoins you have to the wave address; 3PFbrG9RyqppN6sisdjHkCBVFKFytA8A61p. One thing to do before you send is to type your ethereum smart contact address i.e. the one you got on myetherwallet.com in the attachment and then you can send. Sending costs 0.001 waves.
- Ethereum Krosscoins will be sent to you later via ethereum address after which ICO at a swap ratio will later be announced.
- To level out your expectation, swap ratio is 10KSS-waves to 1 KSS-ETH as at Sept 7th, 2017.
- It is important to put in my mind how important the ethereum address is.
- Questions, issues, problems will be attended to at support@krosscoin.io
- After September 7th, 2017, the swap rate is 1000 KSS-waves to 1 KSS-ETH. All swaps end on November, 30th by 11:59pm (New York time). After this time, KSS-Waves will be completely abandoned on this project.
Summary of the Krosscoin Concept
The concept of Krosscoin brings about the introduction of monetized platform for application. The liabilities involved such as subscription licensing and adoption obstacles are being removed due to this consumption-based monetization model. To increase monetization, the usage must be increased simultaneously giving application developers an orientation of setting up and creating a user experience.
Features associated with this model is an API interface and a payment gateway in which the API interface allows for a quick monetization integration and a payment gateway in which users and developers make payments via KSS tokens respectively.
The Products involved with this model includes a Pipdroid Pearl (MT5) & Pipdroid Petal (MT4) from the Pipdroid family and the Ribbon. Pipdroid Pearl and Petal gives access to traders using Metatraders by launching MQL5 & MQL4 Expert Advisors respectively. Ribbon uses a model in which chats, texts, voice and video communications are being converged with gifting using a crypto wallet. It is very effective in ensuring a sound and vital communication among people and most importantly in fundraising.
Lastly, there are 3 ITO phases of the product involved in this concept with ranges in stoken and launching time. This is the Phase one, two and three explained above.