KitToken - A New Financial Ecosystem

https://kittoken.net


Overview:
KitToken is committed to expanding a financial ecosystem established on blockchain technology. KitToken utilizes the value copy protocol to achieve the transfer of payments from one person to a new on peer to peer most basic. It also aims at building a decentralized program for obtaining faster and quicker transaction rates. Current payment systems are experiencing a lot of disadvantages that need to be updated and hence KitToken make way for progressive digital mobile payments.

Ground breaking Technology, transparent and guaranteed transactions make KitToken the best payment eco-system. KitToken also provides a location for appreciation of value by holders via global open trade and demand for token utilization. KitToken bypass a lot of intermediaries in foreign finance transfer and cross-border repayment brokers which limit the access of global blockchain through KitToken decentralized global payment platform. Our KitToken eco-system is completely unique which allows people to make cross-border payments quickly and securely. Transparency, as well as security, is what we provide. The KitPay platform is absolutely transparent which records obligations and exchanges platform. All of us also have SHA-256 and high-level solidity code being
deployed which can ensure fast as well as secure payments. The labor and birth and infancy stage of KitToken is being preserved and supported by advanced blockchain technology and spearheaded by visionary professionals.

Problem:
1000s of currency-based payment gateways can be purchased in the market. Even so, there are a few challenges and current issue for the repayment gateway users. Here are some of them:
  • Physical transaction of fiat money poses a security dangers
  • Regulatory restriction by government bodies.
  • High transfer fees.
  • The high human error makes permeable to hackers.
  • High account setup costs
  • Restriction in conditions of physical coverages.
  • Involvement of the third party in repayment systems


Solution:
The kitpay program consists of the KitPay wallet allowing of transactions such as copy of tokens, monitor balance, transaction history, secured repayments in a centralized KitPay eco-system within decentralized blockchain platform. KitPay system is protected by firewalls and cybersecurity protection and setup of Know Your Costumer (KYC). Before the start of a production version of KitToken, we need to finalize the program solution, undergo strict security, performance and usability tests. Clever contract and blockchain the use implementation will be audited and ethical hacks will be performed in order that the security of the production version.

How it Work

KitPay works as central server within a decentralized blockchain infrastructure in a linked to network. KitPay will allow users to have a wallet which stores, transfer and trade KitToken in daily conventional monetary activities. KitToken holders gain from convenient utilization and admiration of KitToken(R) value. Eventually, via a Proof of Stake (POS) Scheme, KitToken holders receive profit posting from KitToken Inc. business activities.

Strategical
  • Bridging the distance between merchant and users - To make a community of merchant and users; including goods and service providers, medical services, routes and hospitality as well as educational services to take KitToken as mode of payment worth 1. 5 trillion. To create Malaysia's first hybrid crypto pocket platform known as kitpay
  • Awareness and Recruitment - To create and promote recognition among KitToken holders through airdrop and incentive system. To recruit 1 mil regional KitToken holders and facilitate peer to expert money transfer worth 2. 5 trillion
  • Profits and network expansion - To develop unique high value projects which shall contribute to the kittoken owners' earning well worth 3 to 5% anually To expand the networking of users by marketing and aggressive promotion

Technology Platform

KitToken and KitPay is developed on Ethereum blockchain (an ERC20 Token) and running on the key Ethereum node.

What is ERC20?
ERC20 is simply a subset of the Ethereum tokens. ERC20 is the standard program for the token code. It permits seamless conversation with smart contracts and permission applications on Ethereum blockchain. Thus, KitToken(R) will follow the standard functions of ERC20 but not in entirety. A part of function may allow outside integrations depending on the required function of KitToken(R) on KitPay program.

KitToken(R) should become the first stable digital currency whereby the division and value of the currency is not handled solely by the miners, but also the community of users, merchants and businesses having an essential role. KitPay provides an unique hybrid Ethereum model for storing and control digital transactions in a secure and transparent way encompassing Proof-of-Work (POW) and Proof-of-Stake (POS). POW demands the number of deals or purchase of KitToken by expression holders

Design
KitToken is built on Ethereum, a blockchain-based allocated computing program that runs smart long term contracts. By using Ethereum as the abstract foundational level, we are able to implement all the features and rules on KitToken directly into smart deals, which are deployed and processed by the complete network. Through the use of the complete Ethereum facilities with the purpose of validating transactions and adding new blocks to the blockchain, we minimize any possible attack on the coin. The applications linking to the Ethereum blockchain are built on Truffle (https://github.com/ConsenSys/truffl e). Truffl e is a development environment, testing framework and asset pipeline for Ethereum

Cryptocurrency payment and smart agreement implementation purchase payment in KitToken is conducted straight and without any middleman involved, in any convenient currency. To the sensible contract implementation and the employment of blockchain makes the transactions as safe and fast as possible. The smart contract transfers the fund to the beneficiary account only when them has reached its vacation spot. Transaction transparency ensured by the blockchain technology and KitToken holders will get an access to the open-source statistics with current publication of important metrics of business processes and the platform development aspect: purchases, the number of active stores and guests, average receipt amount and many others.

The KitPay Wallet is a cross-platform wallet, permitting users to store KitToken. For the KitToken, the wallet supplies the following features:

  • Generate a fresh address on the Ethereum blockchain network.
  • View KitToken balance and send transactions to other wallets.
  • View transactions, pending releases.
  • Create payment ask for and display them as QR codes.
  • Scan QR codes to deliver KitToken payment in 5 Mere seconds.


Token Information:
Type of token :Utility token and is now subjected to howey test.
Token name : KitToken
Symbol : KIT
Decimal : 18
Cost per token : $0.05
Total Supply : 8 Billion
For Reserve : 2.5 BillionFor sale : 3.5 Billion
Airdrop+Bonuses : 2 Billion
Platform : ERC20(Ethereum Platform)
Contract Address : 0x080eB7238031F97Ff011e273D6CaD5ad0c2dE532

VIEW CONTRACT ON ETHERSCAN

ICO and Pre-sale information

Early Bird sale event :
  • 20th to 25th July (Bonus 70%)Ended
  • 26th to 31st July(Bonus 50%) Ended
ICO sale : 
  • 1st phase -August 1st to 10th (Bonus 30%) Ended
  • 2nd phase-August 11th to 20th (Bonus 20%) Live
CLICK HERE TO PARTICIPATE


More information:
Website
Whitepaper
Telegram
Twitter
Facebook
Medium
Youtube
ANN Thread




Author: kharismac999
https://bitcointalk.org/index.php?action=profile;u=865241

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