Join the future of Microfinance - Kripton ICO Review

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What is Kripton?
L-Pesa, which operates through L-P Kripton ltd., is creating a blockchain-powered, smart contract crypto loan-lending platform, which will allow thriving businesses and entrepreneurs on the Internet to grow their businesses.

Specifically designed for African and Asian people, the Kripton project helps thriving entrepreneurs by facilitating them smart contact loans founded on the blockchain.

What is L-Pesa Microfinance?
L-Pesa Microfinance is the first of its kind financing institution in Africa, which enables entrepreneurs and businesses to achieve their dreams and projects. It allows accessibility for credit and other relevant micro financial services to the people of third world countries.

The four key pillars on which this platform has created this financing model are as follow.

Why do they need blockchain?

Blockchain brings transparency and efficiency, and it drastically reduces the operational costs, making the small lending viable. Tokens are efficient transactionally over fiat, so they are more appealing to the L-Pesa target market, and they also assist in building a community.

What key problems L-Pesa address
•Microfinance targets agriculture only
•Microfinance targets the poor only
•Most consumers are unbanked
•Outdated operating models
•Lack of bank credit
•Underwriting

How does L-Pesa Function?
•Register and create an account with this platform,
•Add your ID documents (such as driver’s license or passport) to your account.
•Allow its staff to do identity verification.
•After ID verification, submit an initial loan application, equivalent to USD $1.00.
•Let your credit score be checked and verified.
•On loan approval, get it disbursed via mobile money service such as M-Pesa or Tigo Pesa.
•Read the payment plan and prepay the loaned amount to avoid penalty.
•Avoid delinquent payments to save your credit score.
•In case of any concern and query, contact its back-office team in Tanzania.
You can get support in English and Swahili using social media channels, email, and phone.
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How does L-Pesa benefit its stakeholders?
1 It will allow you to have access to affordable financing options meaning that you can use the financial help to improve your life.
2 It will allow third party capital providers to deploy capital that earns attractive returns.
3 It will its employees and shareholders to earn a reasonable return on their labor and investment.

Use of LPK L-Pesa token
The LPK token can be exploited to use the LPK applications. The LPK holders can also use it to take part in the token offerings of LPK project. It can also be used to have access to exclusive functionalities of Kripton network. The company will transfer all unsold tokens to a dedicated account for team tokens right after the contact owner calls the finalize function.

ICO INFORMATION AND TEAM

1,350,000,000 LPK Tokens are available for the public sale which starts from the 18th April 2018 and continues for 30days. The Token Presale starts from 18th March 2018 and continues for 15 days, and total tokens reserved for the presale is 160,000,000. Funds collected from the ICO will be utilised for the development and marketing of the platform. The team is enthusiastic about the project and is ready to complete their mission.

Team