KITTOKEN - Revolution on the path of financial services

hamasa (25)in #ico • 6 years ago

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The current financial system is heavily centralized
and mainly serves the interests of only a few major players.
These are the banks and financial companies that we see internationally today, which have a vested interest in maintaining their status quo.
The rent-seeking behavior of these enormously inefficient and largely stagnant corporate structures have become toxic to the success and opportunity of nearly everyone else in the world.
Blockchain presents us with a more secure way of saving and securing data, which can cut down on fraud, and it can also cut down on transaction times and processing fees. This isn’t necessarily good news for financial companies, who often make their revenue by charging people to send and receive money, but it’s also not necessarily up to them.
The market will decide, as it always does This is particularly relevant when you consider that around 40% of the world’s population doesn’t have a bank account and that money is flowing from developed to developing countries at a mindboggling rate. Over $429 billion was transferred in 2016 alone, and it’s likely that this flow of money will continue for years to come.
That's why Kittoken uses blockchain technology In this integrated project in the field of financial services.

What is KitToken®?
KitToken® is a self-managing financial system with P2P transaction based ®kittoken open source platform called KitPay.

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The related issues that kittoken intends to address are
as follows:
• The elimination of high fees and costly barriers to entry through the removal of 3rd-party intermediary services intermediary services.
• A significant reduction in wait times – transactions should be near-instant, not beholden to the business days and business hours of traditional brick-and-mortar banks
• Self-service and no imposed limits
• Removal of complicated paperwork and bureaucracy All of these and more will be tackled by the kitpay platform and mobile platforms, which will be usable by people of all ages and will utilize a simplistic, easy-to-use design.

Why KitToken®?
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what is the Features of KitToken ?

Low fees
fast and reliable transactions
Secure and definite environment
Connects merchants and individuals
Strong asset backed business activities
Sharing of profit among holders
Self-governing technology and global remittance

KitPay® - Unique technology platform
KitToken® and KitPay® is developed on Ethereum blockchain (an ERC20 Token) and running on the main Ethereum node.
KitPay® provides a unique hybrid Ethereum model for storing and processing digital transactions in a secure and transparent way encompassing Proof-of-Work (POW) and Proof-of-Stake (POS). POW entails the number of transactions or purchase of KitToken® by token holders. POS records the storage of KitToken® in an individual wallet for the purpose of distribution of profit.
Transparency as well as security is what we provide.
The KitPay® platform is absolutely transparent which records payments and transfers platform. We also have SHA-256 and high level solidity code being deployed which can ensure fast as well as secure payments. The birth and infancy stage of KitToken® is being maintained and supported by cutting edge blockchain technology and spearheaded by visionary professionals.

KitPay® Wallet - Security, Ease, Inclusiveness
The KitPay®Wallet is a cross-platform wallet, enabling users to store KitToken®. For the KitToken®, the wallet provides the following functionalities:
• Generate a new address on the Ethereum blockchain network.
• View KitToken® balance and send transactions to other wallets.
• View transactions, pending releases.
• Create payment request and display them as QR codes.
• Scan QR codes to send KitToken® payment in 5 Seconds.

Why blockchain is the future?
Increase in remittance flow to developing countries, poor banking infrastructure and concerns about the long-term value of the national currency are a few reasons Blockchain technology seems to be the future of cross-border payments. The relevance of Blockchain technology is undeniable when you consider that around 40% of the world’s population doesn’t have a bank account and that money is flowing from developed to developing countries at an overwhelming rate. Over $429 billion was transferred in 2016 alone, and it’s likely that this flow of money will continue for years to come.
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Token Information
 Token name: KitToken
 Symbol: KIT
 Decimal: 18
 token price : $ 0.05
 Total Supply: 8 Bln
 For Reserves: 2.5 Bln
 For sale: 3.5 Bln