The traditional exchange deal.
You give something to someone and the other gives you something else in return. The change of time has drastically changed this traditional exchange transaction. Or maybe not?
It didn’t. Although it has influenced the additional functions, technological achievements, people’s behavioral and mental patterns, it is and remains essentially the same. A barter of two things. The decentralized exchange processing of crypto currencies has presented a new challenge to the traditional exchange business….
The individual cryptocurrencies, isolated in themselves, offer the possibility to record an indelible transaction history and process an exchange within seconds. With additional options such as a Smart-Contract, certain conditions can be added to this exchange. The amended terms and conditions allow an exchange with prerequisites to take place. Also, with this solution there are negative impulses. The community’s decentralized requirements drive the development of healthy growth, but severely restrict mass implementation. On the one hand, strict, almost fanatical, decentralization enthusiasts demand a 100% uncontrolled settlement. On the other hand, the end product should be adaptable if circumstances change over time. Bitcoin, the first cryptocurrency, is the origin and meets 99% of these requirements, but struggles with the hurdles of the adaptable end product.
The question now arises as to whether there is a possibility to capture the current situation and present an appropriate solution without the need for a time machine to point out certain changes retroactively to Satoshi Nakamoto. We think there is.
The current landscape sends different signals, which have to be recorded with the correct frequency. Some signals are somewhat stronger, others a little weaker. The signals we feel from the Konios Team very clearly concern the basic access to crypto currencies. The influencing factors, which can be described symbolically as thunderstorms*, come from different directions and extend over broad land masses.
The thunderstorms: A synonym for state regulations, legal judgments, judicial proceedings, data disclosure, KYC, money laundering, bank account blocking, verification steps, country restrictions, negative impact times, whales, platform hackers, theft, embezzlement of platform operators, and many more.
Over what happened, one has the overview
7,700 billion USD cash value is currently in circulation worldwide. If only 5% of cashflow flows into crypto currencies, the current market capitalization would triple. The variety of currencies and tokens in stock offers a solution for every taste. There are already individual niche platforms that offer the possibility of exchanging a specific cryptocurrency for cash. This step is nice, but has not understood the essential concept. The KONIOS Project on the other hand, with its extensive exchange system, has analyzed the entire landscape and developed a corresponding solution. Thus, the Konios Project does not give preference to any party and does not exclude any party. ALL have access to and benefit from the unique exchange principle of Face-to-Face (F2F), namely; users, all currencies of traditional form as well as crypto currencies, part-time job seekers, local businesses, small and large entrepreneurs, second-hand sellers, kiosk operators, branded products, all future new forms of products, currencies, personalities.
The Konios project literally offers EVERYONE access to customers, data, money, products and services.
The Konios Project
So far, we have written about the obstacles from the current landscape, now we will take a look at the solution. The exchange of physical goods, especially for money, is problematic in that there are no guarantees for the transfer step. As soon as the goods have been handed over, it is up to the exchange partner to keep his part of the agreement. The face-to-face (F2F) exchange principle of Konios has its peak of platform security right here.
The face-to-face (F2F) exchange principle builds up five security steps from the beginning of the transaction, i. e. from the time the exchange parties meet until the physical cash transfer. Each individual security step recognizes the situation and enables a crystal-clear allocation of the current status in which the exchange is located.
In this way, negative influencing factors are excluded in advance and positive ones are recorded:
Access to crypto currencies is available at the same time after registration.
Fraudsters are detected and eliminated at an early stage.
Frivolous trading partners who change their minds after a promise cannot assert themselves.
The uniqueness of each transaction makes it impossible to manipulate the transactions.
The Konios Blockchain, implemented in the second phase of the project, decentralizes the entire exchange system.
A completely secure platform, decentrally handled and easy to use.
However, the Konios project does not end here. The Konios team has set clear guidelines for which functions the platform must fulfil. These rather safety-relevant aspects must not be played down or argued away. The expansion of the platform, on the other hand, must not experience any limitations. The changes in the crypto landscape must be appropriately identified and implemented. Thus, the Konios team has to integrate the changes into the platform. The decentralized processing guarantees an inviolable authenticity of the transactions and the central development of the platform guarantees the adaptation to the always current requirements.
Why is this mixture of decentralized and centralized so important? Well, as already mentioned, the whole crypto community is still very small. Accordingly, many new changes and regulations will follow in the coming years. It is precisely for these cases that the Konios team has teamed up with strong partners in the legal and economic sector and is able to implement all requests and requirements. The influence this has on users is easy to illustrate. There are many countries with many different laws, integrating all these regulations into a decentralized system is practically impossible. This makes it all the more important for a team like Konios to be able to connect to it and implement these changes for the benefit of the platform users.
The community must not be left to the legislators without protection. The Konios team also looked into this question. It is important to find a healthy balance, which does not affront the users, but is nevertheless approved by the legal counsel. We have also developed a good solution for this. Users from all over the world can apply their local changes via the platform. This information pool is analyzed and filtered by the Konios team. The resulting possibilities for changes, which have been checked by highly qualified legal counsel, are made available to the respective user public as a community vote. The user community agrees on a solution implemented by the Konios team. In this way, a decentralized platform adaptation is made possible.
The Konios project gives all people access to crypto currencies. The Konios platform brings people together locally, the exchange of information takes place on a personal level, the press will not form opinions, instead people will get to know the crypto world in a new way and this learned knowledge will not be broken by news. Overall, the conviction of the crypto-community is strengthened and thus a healthier growth is promoted.
Welcome to the exchange transaction of the future.
With the mistakes of the past in mind, the will of a fearless hero and the best platform solution ever seen, we are paving the way for our companions on their journey to Crypt Land.
Patrik.