The possibility of turning fiat money into cryptocurrency through bank transfer on various online platform is now very high, however many people fail to gain a foothold in the crypto community. The required disclosure of personal data, as well as the laborious handling of platforms with time consuming registrations and the unpredictability of platform operators, present laymen with major and unpopular challenges. To add to the injury, there are also high hidden fees and a necessary cooperation between the respective banks and states. The introduction is often described more simply that it really is in the real implementation. To put an end to the problem identified above then a platform came up, the platform is called the KONIOS
HOW THE KONIOS WORKS
The KONIOS majorly come into being to put an end to the stress people go through before converting fiat money into cryptocurrency, with the KONIOS all you need is your smartphone and an internet connection. The transaction based on the exchange principle is developed in Switzerland and without the need for an intermediary or middlemen. The KONIOS developed and program a platform where all crypto enthusiasts worldwide can enter the crypto world with their cash. The KONIOS is a very secured platform because the transaction process is precisely structured with a very high security regulations. It is built up by the five security keys and the participants make the exchange with only four clicks on their smartphones.
THE KONIOS PLATFORM FEATURES
The KONIOS platform will have the following features among others:
- The F2F that is the secured face to face transaction of cash to cryptocurrency.
- The KONIOS marketplace: with the KONIOS marketplace one can easily buy and sell commercial goods and services with cash and cryptocurrencies.
- The KONIOS exchange
- The KONIOS wallet: this wallet can be used both on the platform and extremely for connection or mobile use.
The KONIOS is divided into many phases, however the first phase of the KONIOS project is to bring as many people as possible into the crypto world. The KONIOS aim to bring the platform that people can participate in without the use of bank.
THE KONIOS TRANSACTION FLOW F2F
First, users defines the FIAT exchange amount and select the desired cryptocurrency. The filter function then simplifies the search for the desired cryptocurrency. After which a list of sellers, sorted by distance is displayed according to the parameters, the exact position and identity of the seller are withheld, only the distance and the respective rating of the sellers are shown. Now the buyer is allowed to choose from the list. The user also has the option of displaying a map with the sellers instead of the list whereby only the region where the sellers is active is marked. A request is then sent to the selected seller which contains the parameters set by the buyer that is the currency, amount, date, time and place.
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After this, the seller confirms the purchase request just by clicking on the smartphone taking all the parameters into consideration. This confirmation activates the smart contract.
THE KONIOS REWARD SYSTEM
The KONIOS ecosystem is designed in a way that the platform develop it’s own dynamic of progress, which is forced by the reward system. The users receive the secure platform and also get rewarded for their loyalty and participation.
THE KONIOS ICO
The ICO overview is contained in the picture below
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THE DISTRIBUTION OF TOKEN
The KONIOS token is called the KON and about 75% of the entire token is allocated for the ICO while 5% goes for the airdrop and supporter, the advisor takes 2% of the token. Other details about the distribution is contained below
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Read more about the KONIOS on
website
whitepaper
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My name is Victor, am tuvic01 on Bitcointalk and you can check through my Bitcointalk profile through this link