KitToken is an innovative idea on the blockchain technology which is aimed at developing a sustainable, effective and efficient financial ecosystem. It is designed to leverage on the unique features of the blockchain which include, transparency, immutability and decentralization. The KitToken is meant to be transferred on peer to peer basis without the need for an intermediary.
Interestingly, KitToken is also designed to adopt safe, secured and fast transactions globally on its ecosystem. This is indeed a transformation in the world of crypto and the blockchain technology in general.
THE UNIQUE FEATURES OF THE kITTOKEN
KitToken is a utility token that is built on the ethereum protocol. It will also interest you to know that KitToken has been registered with Malaysian government and has been created to achieve the following purposes:
- Exchanging it for other cryptocurrencies or Fiat currencies.
- Used with existing points programs.
- Kittoken has been designed to trade on an SEC- complaint exchange where users can sell as well as buy the kitToken to make profits out of it.
THE MISSION OF KITTOKEN
THE KITPAY METHOD: this method is introduced due to the fact that cash is a very essential factor in the global economy, which is meant to undergo a change from time to time? Hence the need for an updated version of a particular currency
WHY KITPAY IS NECESSARY
KITPAY is a unique technology designed by the KitToken team with the aim of facilitating a better, efficient and effective fund transaction in future. KitPay is introduced to help meet the high demands for new, faster and safer currency for payments.
Fortunately, the cryptocurrencies and the blockchain technology is adopted by the Asian countries , with great plans to make use of cryptocurrencies as means of payment for goods and services instead of the traditional fiat currencies.
The kittoken team will develop a KITPAY APP which will enable an easy and secured transaction.
THE UNIQUE FEATURES OF THE KITPAY APP
- Erc20 TOKEN WALLET
- Fiat to crypto
- Single address account
- Paper wallet
THE PURPOSES OF KITTOKEN
-The Kittoken will serve as an internal token on the platform and be used for reward payments.
-Token users and those who have helped in promoting the ecosystem will also be given incentives with the KitToken, which will enable a fair distribution
-The use of Kittoken will help the platform to move from the traditional mode of payment to a decentralized and transparent mode of transaction via the smart contract.
WHY KITTOKEN IS OUTSTANDING
The idea of creating and developing the Kittoken was to solve most of the problems faced by the traditional financial transactions. As a result the KitToken ecosystem was created with some unique and innovative features in mind which include:
- To enable low transaction fee, prompt, secured and reliable transactions.
- Secure and definite environment where the token is circulated.
- To be able to connect traders, companies, industries and individuals.
- Holders of the Kittoken will have the opportunity of sharing profits made from the platform.
- With the KitToken ecosystem, a strong asset backed business activities will be possible.
- Kittoken is built on a decentralized ethereum blockchain which gives it the opportunity of Self-operations without the interference of any intermediaries.
Token name – KitToken
Token Symbol – KIT
Price per token – $0.05
Type – Utility
Protocol – ERC20
Total Supply – 8 Billion KIT
For Reserve – 2.5 Billion
For sale – 3.5 Billion
Airdrop+Bonuses : 2 Billion
Contract Address – 0x080eB7238031F97Ff011e273D6CaD5ad0c2dE532
ICO AND PRE – ICO DETAILS:
20th to 25th July (Bonus 70%)
26th to 31st July (Bonus 50%)
1st phase -August 1st to 10th (Bonus 30%)
2nd phase-August 11th to 20th (Bonus 20%)
USES OF KitToken
-The KitToken will serve as a means of facilitating transactions across Asian borders.
-In the Asian countries, KitToken will be used in paying salaries to workers in their country.
-The KitToken will also serve as a means of funds transfer through KitPay and KitRemit platforms.
-KitToken is a utility token and will also be used in purchasing goods as well as payment for services.
THE UNIQUE ROADMAP OF KitToken
For more information on the KitToken please visit the links below:
White paper: https://kittoken.net/#
twitter : https://twitter.com/TokenKit
Author’s bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summary
Authour’s name: Nesbee