The modern world is steadily moving towards a new financial ecosystem. New ideas and technologies are being introduced to replace traditional financial instruments. Most financial institutions are moving to a blockchain platform. Many startups have picked up this trend and now offer their developments that improve payment procedures and allow you to control your finances without intermediaries.
The KitToken project team also decided to contribute to the development of a modern global financial ecosystem. KitToken aims to create a decentralized platform to achieve lower fees and faster transactions across borders.
KitToken is officially registered in Singapore and meets all the requirements of the legislation of this country. The main target audience is foreign workers working in Malaysia. In addition, KitToken is also aimed at ordinary people who make daily purchases in supermarkets.
KitToken is a self-managed financial system based on P2P transactions on an open source platform. This platform is called KitPay. It is a centralized server running in a decentralized blockchain infrastructure connected to the network.
KitPay allows users to have their wallet for storing and transferring KitToken. The official launch date of KitPay is scheduled for September 01, 2018, after the end of the ICO. KitPay is implemented as a WEB platform and as a mobile application for iOS and Android systems.
KitToken and KitPay are developed on the Ethereum blockchain and run on the Main Ethereum node. The main types of wallets that are supported by KitToken platform are: Metamask, Myetherwallet, Imtoken wallet.
To implement his idea the project KitToken launched an ICO, consisting of two stages. The 1st stage will last from August 01 to August 10, 2018 (the bonus will be 30%), the 2nd stage will last from August 11 to August 20, 2018 (the bonus will be 20%). A total of 8 billion tokens will be issued. The token symbol is KIT. The price for 1 token will be 0.05 us dollars. Address smart contract 0x080eB7238031F97Ff011e273D6CaD5ad0c2dE532. SoftCap project is 5,000,000 $, HardCap project-175,000,000 $. Minimum Deposit: 0.2 ETH or 100 $.
All funds raised will be distributed as follows:
45% - Developers;
20% - R&D;
15% - Marketing;
10% - Team and advisors;
10% - Reserve.
The project team KitToken
Mr. Amir Mohamed, Director General of KitToken, and the project team make every effort to ensure that the main stages of the platform development are in line with the stated roadmap.
Despite the fact that the financial sector is still going to introduce innovative technologies, KitToken is already seeking to create a global digital financial society without borders. The project is certainly worthy of recognition by society and high evaluation of experts and time will tell his fate.
For more information about the KitToken project, You can follow the links:
Website: https://kittoken.net
White Paper: https://img1.wsimg.com/blobby/go/030bdbd0-d698-4aa3-ba4d-d2bc680f2ec9/downloads/1chf5j90p_313571.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4557979.msg41057899#msg41057899
Twitter: https://twitter.com/TokenKit
Facebook: https://www.facebook.com/KitTokenOfficial
Medium: https://medium.com/@kittoken.official
KitToken Telegram group: https://t.me/kittokenofficial
Author:
BTT Forum Username: RedGoblin
Forum Profile link: https://bitcointalk.org/index.php?action=profile;u=1345354
Attention! This publication is for informational purposes only. The article should not be considered as an investment recommendation or advice. Readers of this review article should make decisions based on their own judgments, taking into account the financial circumstances, the purpose of investment and the risk limit before investing!