KiddoBank is a digital piggy bank backed by a cryptocurrency that engages parents and kids in an interactive, educational and funny way to prepare kids for the future of money. KiddoBank is built as a mobile app for both parents and kids which runs on the EOS Blockchain.
KiddoBank Mission
KiddoBank mission is to boost cryptocurrency adoption among kids by providing them with a cryptocurrency app directed solely towards them. KiddoBank provides families with a tool to teach kids all about finance, savings and cryptocurrency in an interactive, educational and with a load of fun activities that will transform completing chores into a rewarding experience.
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What KiddoBank offers is a tool to boost the mainsream adoption of cryptocurrency and it foucses on kids and youth since they represent an important segment that is ususally overlooked. As we thrive to make cryptocurrency a mainstream and look for higher adoption rate our efforts in my opinon should focus on the next generation as they will be the actual users for all these apps.
Why a Crypto Piggy Bank?
KiddoBank is a Cryptocurrency that prepares kids for the financial future.
Kids nowadays are introduced to money at ages 6 and above either through education or by offering them allowances and on average that is in the amount of $10–20. For many of those kids they decide to save some of it by themselves rather than being guided by parents. Yet, parents find it hard to manage this through a simple tool that establish these habits and boost financial knowledge among our future generation. So there is the need for digital piggy bank.
But why has it to be a crypto piggy bank? So despite the fact that there are few available digital pocket money solutions, we have to face it that the next generation is already somehow aware digital money. Kids nowadays are well acquainted with plastic cards and online transactions, yet the future of money will include cryptocurrency as a major stream.
On the other side, cryptocurrency lacks adoption, especially among kids and youth, reasons behind that go back to the need of understanding the technology, the impression certain parents have about cryptocurrency of being not safe medium and the failure of cryptocurrencies foundations to address such an important segment.
How it Works?
Establish the family circle.
Parents start by adding kids and create them a crypto account, other family members can be brough into the kid’s circle as parents connect kids to other family members and grow their circle.
Setting tasks
Parents create tasks for the kids to accomplish, and turn their chores into funny and rewarding activities.
Kids define a Wishlist
kids earn crypto tokens by completing tasks, teach kids the value of money by letting them setting their goals and wishes and then redeem collected funds.
KiddoBank Features
KiddoBank was built as a mobile app to run on the EOS Blockchain, at least at this stage. The choice of EOS is due to many reason and to offer the listed features.
1- Family Wallet
The KiddoBank wallet is designed to offer an easy one stop for parents to manage accounts and kids circle.
2- Connect Remotely
Through KiddoBank grand parents and other family members living away can still join and enjoy the experience with your kids.
3- Reward & Perks
Kids enjoy learning, through achievement, the value of money, through rewards and perks kids receive rewards and set goals to achieve.
4- Kids Safety
We choose EOS Blockchain to offer to protect kids and allow parental control, parents are in control of owner private keys which allow more control of kids account and provide a safe retrieval of lost kids accounts active keys which can be easily replaced by parents.
5- Zero Fees
Being hosted on EOS, KiddoBank allows sending any small amount of money without worrying about transaction cost. It is at zero fee.
What is next for KiddoBank?
KiddoBank now has been launched in beta version with two mobile apps one for parents and one for kids it is now available on Google Play store for testing. The app now runs on the EOS Jungle Testnet so feel free to use and provide your feedback.
In the pipeline more features are thought of to make the app a more fun and educational expereince. A quiz feature is on top of the list where parents can select from predefined quizzes or build their own to challenge the kids and reward them for nailing the questions.
The registration process especially in the kid app is also targeted to improved and make it smooth. Currently the app gives the parent the possibility to display a QR code for the kid crypto account these information can be scanned by any QR reader and then copy it to the import account page in the kid app. The next release will include a QR reader in the kid app to make it as simple as scanning a QR code to get the kid app imported.
History of tranactions is not supported in the current version but will be added on both the parent and the kid apps. Finally, other rewarding options will be introduced that will be may be more valuable to the kid.
Find the app now on the Google Play store and start exploring and submit your feedback on the Telegram channel https://t.me/kiddobank
Parent App
https://play.google.com/store/apps/details?id=io.kiddobank.parent
Kid App
https://play.google.com/store/apps/details?id=io.kiddobank.kid