KABN Token
| KABN Token | |
|---|---|
| KABN Token Overview | |
| Ticker: | KABN |
| Price: | 1 KABN Shares = 0.20-0.25 USD |
| Tokens: | 85 000 000 KABN |
| Tokentype: | ERC20 |
| Hardcap: | 500,000,000 Shares |
| Softcap: | 390,000,000 Shares |
| Platform: | Ethereum |
| Accepting: | USD, CDN, EUR, GBP, BTC, ETH |
The KABN Network – is an integrated suite of financial services, including the Pegasus Flyte Visa Card, multi-currency banking wallet; KABN KASH, an approved digital currency-linked prepaid Visa card, a robust loyalty, and engagement program and the network anchor, KABN ID, patent-pending, GDPR compliant, Blockchain and biometrically-based, “Always On” KYC / AML validation and verification platform.
Contents
Introduction
KABNToken is founded by a group of former banking, payments, technology, and loyalty executives. KABN – is a financial service platform offering neo-banking type services through its Visa approved, the digital currency linked prepaid card and banking wallet program for digital currencies and multi-currency fiat transactions. It is a loyalty and customer engagement platform, whose Blockchain and biometrically based patent-pending, GDPR compliant, “always-on” ID validation and verification process at its core. KABN fulfills the growing need for compliance solutions for next-generation financial technology startups, exchanges, security token issuers, and other commercial service providers. KABN leverages this network of pre-approved members to provide financial services to digital currency enthusiasts and others that are looking for more intuitive ways to manage online and conventional fiat transactions. KABN has created a B2B2C (Business to Business to Consumer) infrastructure and patent-pending technology platform allowing the KABN Ecosystem (сompany, its сlients, and their сustomers) to engage in streamlined and straightforward actions that formerly required complex, multi-session, and time-consuming attestation and has fashioned those into turn-key, leveraged Smart Contract registries. Built on this compliance layer, KABN offers a suite of financial services, including relationships with banking partners, to issue a KABN-branded Prepaid Visa card linked to a multi-currency banking wallet for day-to-day use and a KABN loyalty platform which allows KABN members to benefit from purchases made at e-commerce websites and brick and mortar stores affiliated with the program. KABN’s neo financial service platform also allows for more seamless compliance and participation in investment opportunities.
KABN Ecosystem
KABN’s Ecosystem consists of 3 core products:
KABN ID is a bank-grade, patent-pending biometric ID validation and verification technology platform that, together with KYC / AML (Know Your Customer / Anti-Money Laundering), provides a “Marker” on the Blockchain that can be used to validate the identity of an individual. KABN makes the entire ID verification process more accessible and less complicated by having Customers in the KABN ecosystem only verify their confidential documents. KABN’s patent-pending technology is fully GDPR compliant and only stores a binary marker, such as a Pass or Fail grade of its user’s identification. No personal information is ever stored on the Blockchain. KABN passes patent-pending tags to their commercial clients, indicating that a KABN Customer meets their ID requirements, reducing friction, potential unwanted identity intrusions, and increasing efficiencies. KABN can even connect digital wallets and other accounts to a Customer’s verified KABN ID.
KABN Card has been approved by Visa to issue a digital currency linked prepaid card and banking wallet program. Each consumer customer who is screened and passes the KYC/AML on the KABN platform is eligible to receive the card and corresponding banking wallet. KABN is expected to launch the program in the UK and, subsequently, the EEA in the 2nd quarter of the year. KABN is planning to expand to further geographic regions, as approved. Branded the Pegasus Flyte Prepaid Visa card, KABN’s program offers an “on/off ramp” conversion process for a variety of digital currencies, wallets, and Exchanges to fiat together with multi-currency fiat transactions. Pegasus Flyte Prepaid Visa cardholders will be able to spend in-store, online, and access ATMs globally, wherever Visa is accepted.
KABN KASH loyalty program is designed to engage members of the KABN whitelist and capture data in targeted offers and services. This program provides KABN customers with the opportunity to transact with their Pegasus Flyte Visa card at e-commerce websites and brick and mortar stores with an added value of an affiliate shopping mall experience. The Company will target messaging to increase the frequency of spend and to graduate customer behaviour towards higher-value membership. These products form the KABN Ecosystem, which focuses on the Company offering services to its Clients and their Customers. KABN will also push back a percentage of the commissions from affiliate sales as cashback to the customer on their prepaid Visa card to encourage future spending. KABN earns incremental revenue from interchange fees. The more transactions, the more payments KABN collects. All data obtained from these transactions will be pushed into a company that operated the database. By learning and understanding customer behaviours, the Company will be able to develop a targeted and personal relationship with the customer, driving synergy and spending. KABN commonly refers to this group as the 3C’s. The Company will continue to work to develop additional products and services to its Ecosystem and will maximize value for all 3C’s.
Business Model
KABN is a B2B2C model, which works with token issuers, exchanges, and other financial partners (“Corporate Clients”) for verification and validation of their prospective сustomers. Presently, the estimated costs of KYC/AML screening range from $0.65 to upwards of $8.00 for bank-grade, active screening per individual. KABN’s process allows for network scale that drives affordably and ubiquity. Clients will have the opportunity to access the сompany’s qualified Network Whitelist by GDPR provisions and will be charged based on a usage level program. Additionally, the сompany will offer screened сustomers; its digital currency linked Visa prepaid card and banking wallet and participation in the KABN Kash program, which is a loyalty and engagement program for KABN Customers. The сompany is also creating access for clients to increased liquidity through its digital currency linked prepaid Visa card and wallet program.
Roadmap
- Platform Built 2018
- ID, KYC/AML Card / Loyalty Platform Development
- Visa Approval- received Q4 2018
- KABN ID Launches Q4 2018
- Visa network approval For digital currency linked Card and Banking wallet
- Going Live Q1 – Q4 2019
- Global Compliance Launch EU Card & Loyalty launch
- Global Growth 2020 & Beyond
- Expand the program to other regions
KABN Equity Token
The KABN Equity Token, “digitized security” or “digital certificate” is an equivalent to the KABN Preference Equity Share and has all the rights and privileges of those shares.
Token Allocation
| Development/Future Sale/Release | 43.19% |
| Merger and Acquisition Activities | 21.25% |
| Team | 10% |
| Advisors | 2% |
| Private/Public Token sale | 5.28% |
| Potential Broker-dealer | 1.28% |
Team
| Ben Kessler | Chief Executive Officer | 18+ years in financial services |
| Michael Konikoff | Chief Revenue Officer | 25+ years in business Development |
| David Lucatch | Chair and Technology Lead | 30+ years serial entrepreneur |
| Lynn Cumiskey | Head of Compliance | 18+ years in compliance Management |
| Craig McCannell | CPA CA Chief Financial Officer | 18+ years in finance |
Project Advisors
| Matt McGuire | Founder, The AML Shop | Recognized expert in financial crime risk management and anti-money laundering (AML) |
| Dominic Vogel | Chief Security Strategist, Cyber.sc | Cyber and business security expert |
| Kriya Patel | Managing Director, Transact Payments Limited | Payments and fintech expert heading up e-money institution |
| Leslie Kelly Hall | Renowned and leading subject matter expert on healthcare policy | patient advocacy and information technology |
| Bruce Silcoff | CEO of Shyft, blockchain-based data protection | identity verification, and compliance platform for institutions |