As the block chain gradually evolves, there are increasing chances of its adoption. Late 2008 saw the birthing of this concept. By 2009, its adoption had scaled past mere technological platform. It delved into cryptographic currencies. A decade down the line, it is being deployed to many scenarios. A relatively fiat environment that neglected its upsides is integrating it for scalability.
Despite mauled by low throughput, the block chain had scaled many generations. As anticipations are high for its fourth generation, pertinent problems in the system ought to be resolved. The block chain came at a time FinTech was gaining massive attention. With evolutions in FinTech, integration of block chain technology in the financial system will be seamless.
KitToken distances itself from traditional projects on the chain technology. Powered by the Ethereum block chain, the platform seeks to resolve low financial throughput on the block chain. There have been tons of projects targeted at fiat financial setting with little regard for a block chain’s.
Peer Transactions
If the block chain ceases to exist today, it will be remembered removing intermediaries. Unlike banks, transactions on the platform are on P2P format. Lenders can interact with borrowers without third-party interference.
The core goal of KitToken is creation of vibrant ecosystem for decentralized transactions. The anticipated financial ecosystem will be powered by a value transfer protocol. The protocol will effect seamless transactions among concerned parties without third parties.
By using impressive technologies and offering security of transactions, KitToken fronts itself as trusted financial ecosystem. With removal of intermediaries, facilitated cross transactions are imminent.
Upsides – Why KitToken is better
Decentralized payment systems are literally fragmented. Owing to hitched transactions, investors are made to part with higher sums. Same funds will be deployed to smart contracts for throughput. With transactions taking days for confirmation in addition to low speed, decentralized transactions seem falling below the belt of fiat counterparts.
KitToken stepped into to this. Transactions are seamless and well-secured. More so, you can send payments on P2P. Backed by its token, the platform is a faster medium of launching into the digital payment structure. Hence, online transactions will be facilitated in real-time.
Furthermore, its unique wallet levels the mountain of high transaction fees. Fees are reduced when transacting through the wallet. In related development, monopoly of transactions is not entrusted to one party. KitToken deployed a 20:80 sharing formula for participants.
In-roads
Adoption of the block chain was a war well fought. Likewise, adoption of Malaysian-based KitToken will not be easy. Not resting on its oars, the project’s team opted for strategies believed to facilitate its adoption.
Realizing roles played by digital adverts towards the success of a business, the team opted for Airdrop. Through this channel, prospects will be in the know of the project’s goals. Furthermore, incentives will be doled out as attractions to the project.
To get in-roads to fiat settings, KitToken will forge partnerships with multiple merchants. The idea is to accept the project’s token as payment for fiat purchases. Likewise, a million holders will be recruited. They will hold transactions on peer-to-peer basis using the token. Most importantly, there will be a payment channel known as KitPay. It will be a hybrid digital wallet that supports multiple currencies.
Token Distribution
Development of Token: 45%
Research and Development: 20%
Marketing: 15%
Reserve: 10%
Advisors and Team: 10%
Token Specifications
Name of Token: KitToken
Ticker: KIT
Platform: Ethereum
Standard: ERC20
Type: Utility Token
Token Supply: 8 billion
Exchange Rate: 1 KIT= $0.05 USD
Soft Cap: $50 million USD
Hard Cap: $175 million USD
Accepted: Ethereum
Country of Registration: Malaysia
The Team
Final Thoughts
The decentralized world is desperately in need of better financial solutions. Haven achieved success in leveraging conventional problems in physical finance; it is now time to solve its own issues. The coming of KitToken will meet existing pain points of the system. With its digital upsides, the platform will be efficient in facilitating digital transactions.
For more information please check the links below
Website
https://kittoken.net/
Telegram
https://t.me/kittokenofficial
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