KitToken is the cryptocurrency managed by users. The goal of the project is to create a stable financial ecosystem based on blockchain. Cryptocurrency uses the transmission protocol values for the implementation of the P2P transactions. The project intends to create a decentralized platform that allows rapid cross-border payments. The use of the most reliable security systems allows the cryptocurrency to be not only fast, but also protected.
In the summer of 2017, the study of the crypto-currency market and the existing methods of payment between the countries of the Association of Southeast Asian Nations began. In October, the preparation of technical specifications of the project began. By the end of the year, the developers began to create a network that unites organizations and the cryptocurrency world, and also began to establish contacts with financial and technological institutions. In January 2018, the project completed all the necessary financial procedures for the legal activities. A month later, work began on the site of the token KIT and the wallet for it. In April, the alpha version was launched. In September 2018, the company plans to release the final version of the wallet for mobile devices and browsers.
The KitToken project has several objectives.
- Bridging the gap between sellers and buyers. KitToken intends to create a community of sellers and consumers, which will include manufacturers of goods and suppliers of services such as medicine, air travel, hotels, education and so on. This Malaysian market is worth $1.5 trillion.
- Attracting new users and support. To support token holders, it is planned to conduct regular airdrops, as well as the introduction of various schemes that motivate the use of the platform. The project plans to attract 1 million users in Malaysia, which will provide a turnover of $2.5 trillion.
- Profit and network expansion. It is planned to create high-yield projects that will annually bring to the owners of KitToken from 3% to 5% of profits. The project intends to expand the network of users with the help of quality advertising campaigns.
KitToken is built on the basis of Ethereum. The token is the key driving force of the project. In the future, when the KitToken platform will spread on the market, the token and the associated infrastructure will perform a number of important functions.
Despite the fact that cash is still the driving force of any economy, it will change over time. It can be replaced by a modern and convenient payment service KitPay.
In the near future, KitPay technology will improve the payment process, making it faster and safer. In this regard, the KitToken will be more profitable than the existing alternative means of payment.
- Security and convenience of the platform.
- Unification of sellers and consumers.
- Reliable, fast and cheap transactions.
- The distribution of profits among the owners of the tokens.
- Reliable asset supported commercial activity.
- Self-regulating technology.
- Possibility of cross-border payments.
- ICO date: August 1 - August 20, 2018
- Softcap: $5,000,000
- Hardcap: $175,000,000
- Number of tokens: 3,500,000,000
- Price: 1 KIT = 0.05 USD
- Accept payment: ETH, BTC, DOGE, LTC
Bounty program is designed for 3 weeks, the total amount of awards is 12,000,000 KIT ($600,000). Users can get them for the following activities:
- Writing articles - 30%
- Signatures - 25%
- YouTube - 10%
- Facebook - 10%
- Twitter - 10%
- Translations and moderation - 5%
- Telegram - 5%
- Bonuses - 5%