KitToken - Financial Ecosytem built on an Open Source Platform Called Kitpay

sudhakark (42)in #cryptocurrency • 6 years ago

Hello Reader,

Introduction

Global trends of financial eco-system are limited to a point where blockchain technology has taken a second last place as the motivating energy. The current scheme arises a new technology such as blockchain technology, progress in fintech, capable, fast, assured honest and charges are very low to transfer the funds. Thus, at the same time, they utilize the cryptocurrency as an awareness.

What is KitToken?

KitToken main aim is to develop a manageable and strong financial eco-system on the blockchain. KitToken workers convey a set of rules to manage the transfer of payments which takes place from one person to another that is based on peer to peer sources. KitToken major goal is to develop a decentralized platform which helps in achieving faster and quick transactions that take place across the borders.

In the present days, current payment systems can see many drawbacks that have to be updated. Thus, KitToken is designed in such a way to support the world’s topmost security systems used to develop a safe financial ecosystem which is fast and secure. KitTokens form a method for new digital mobile payments.

Innovative technologies come up with clear and fast transactions that help to form a kitToken as the best payment. KitToken does not have mediators in the transfer of throughout the world and cross borders brokers that have a limit access across the global blockchain through KitToken at a decentralized global payment. The kitToken ecosystem is entirely unique which allows people to make cross-border payments quickly and securely.

How do KitToken works?

KitPay plays an important role and deals with a decentralized server within a decentralized blockchain infrastructure working in a related network. KitPay allows all the users to hold a wallet in which KitToken can be stored, transfer and trade in our daily economic activities. KitToken holders are to correct usage and appreciation of KitToken value. They are using a scheme called as Point of Stake (POS) Scheme; KItToken holders obtain profit sharing from KitToken in business activities.

What is KitToken Security?

Before launching of a product or a new version of KitToken, we need to do testing, which includes confirmation of a software solution that faces strict security, presentation, and usability tests. Both the blockchain and Smart contracts help to combine and examine the product version. Therefore, social hacks will perform to secure the security of the product version.

The kitpay platforms includes the KitPay wallet that allows all the transactions such as transferring tokens, checking their balance, transaction history and help the customer to monitor their balance, it also shows secured payments in a centralized KitPay system. Thus, this KitPay system is protected by firewalls and cybersecurity protection and application of known your Customer (KYC).

Do you need a Blockchain?

Cryptocurrency and smart contract application can use the payment options in KitToken. Therefore, KitToken is used to handle all the payments without any middleman involved in any suitable currency. As a result, the performance of the smart contract and the use of blockchain create the transactions as safe, secure and fast.

The smart contract will transfer the amount to the customer account only when the items have reached their destination. Transaction simplicity verifies by a blockchain technology and KitToken holders. These KitToken holders have right to access to the open-source data with all the real-time publications of important metrics of business processes. However, customers can buy a number of active stores and visitors, average receipt amount etc.

Funds distribution & Token Sale Details