What is Konios?
The Konios project aims to bring some of the
$7.7 trillion global cash circulation into the crypto market by producing a
worldwide exchange platform between cash and crypto. The Konios system can be
divided into three major parts;
- Face to face transactions: Konios aims to allow users of its platform to take part in safe face to face cryptocurrency and fiat transactions. It claims that this process will be anonymous, by using their five step process beginning with mutual activation of the escrow smart-contract, and ending with seller verification to trigger dispersal of the escrowed funds.
- Currency Exchange: The platform aims to allow the digital exchange of any crypto-currency pair integrated with its platform. Konios hopes to open this process up to non-crypto professional by use of the uniform exchange principle developed in Switzerland.
- Buy and sell marketplace: The platform will allow users to buy and sell commercial goods using all kinds of cryptocurrencies, and cash. There is no major limitation on what can be bought/sold on the Konios marketplace. User funds on the Konios platform can be used both at the marketplace, and in the currency exchange.
By aiming to bring together the fiat and
crypto-worlds into one single system, Konios believes that they can open crypto
to a much larger market, namely the non-crypto specialists, or standard folk.
Platform details and funding requirements
Konios is based on the Ethereum blockchain, and uses the ERC-20 standard for its token, which will trade under the ticker ‘KON’. The pre-sale for the project ran between 03/01/2018 and 31/03/2018. It’s ICO is scheduled to begin on the 1st of May 2018, with tokens being sold at a rate of 1 KON = 0.01 USD. The total number of KON being sold across the entire pre-ICO and ICO funding rounds is 3.75 billion. This is 75% of the total supply available, leaving just 1.25B KON for the team and advisors to distribute for the project’s development.
The KON token is used as an access point for the platform, which is
achieved by adding the corresponding fiat amount of KON tokens to the Konios
Platform, which can then be exchanged to other accepted cryptocurrencies or
fiat. The Konios blockchain is used for transaction validation and handling of
smart-contracts. The team intends for their blockchain to be capable of
handling even small amounts with minimal fees, to ensure their platform is accessible
to everybody, regardless of the amounts they are dealing with.
How much potential does it have?
We believe in that in terms of raw potential, the Konios project has
great deal of promise. Its target consumer base numbers in the billions, as
pretty much everybody on earth can use their platform, and seeks to address a
real issue in the crypto-space. In such an early stage of its development, the
platform has already managed to bag some impressive partners, including BTC
express, art bite studio and Ankomm.
The founder, Patrick Krasnic has over 7-years in the e-commerce field,
whilst the co-founder Mikel Krasniqi has extensive software development
experience having worked on some impressive projects. Konios has also partnered
with a heavyweight set of advisors, with extensive experience in investment,
blockchain and contract law, demonstrating a strong team behind the project.
The Konios platform will allow you to buy and
sell goods on its market place for cash or crypto. It will also employ a safe
and secure F2F cash in/cash out system to allow non-specialists access to the
cryptosphere.
|
Our Rating;
After our brief overview
of this project, we feel it deserves a solid 8.5/10 score. The idea behind
Konios is great, and will likely open up the crypto-market to the potential
billions that are currently out of the loop. However, it neglects to consider certain
regulation and government bodies that could inhibit this process. That being
said, the team behind the project is strong, and the development timeline is
realistic. Whether they have the coordination and resources to pull it off
remains to be seen. But we are hopefully for what this project brings to the
cryptosphere, as it really could make a difference.
To find out more information, please visit https://konios.com//
Whitepaper: https://konios.com/#whatepaper-sec
Whitepaper: https://konios.com/#whatepaper-sec
Powered By Jamal Aezaz;
https://bitcointalk.org/index.php?action=profile;u=721115
Wallet Address: 0x05CAbdFE623E127a034B19349180984E8bB051C5
Post A Comment:
0 comments: