Financial technology is disrupting the way and method of offering financial services over the centuries. At the forefront of this innovation is Blockchain technology, which through its seamless ability to record ledger transactions without the involvement of a third party has created mind-blowing solutions to the long problems centralization. Simply put, we are gradually moving towards decentralization in all sectors of the economy.
Despite the immeasurable potential of cryptocurrency, it is saddened that the general adoption rate has been somehow low. Even at $302B market capitalization, cryptocurrency only accounts for 0.3% of the means payment. Other means of payment such as US dollar, Euro, and other fiat currency accounts for 99%. The reason for this is not farfetched, there are lots of bottlenecks affecting the acceptance and usage of cryptocurrency as means of payment by the public. The major issues limiting acceptance are discussed below
Poor Accessibility of Cryptocurrency
Obtaining cryptocurrency often involved patronizing exchanges and this often involve disclosure of personal data not to mention complexities associated with completing a trade which might be difficult for a lay man. Furthermore, most exchanges transaction fee is high and could be discouraging to new crypto users.
High Number of Fraudulent Activities
The cryptocurrency world is still evolving and unscrupulous elements have taken advantage of this to dupe several people of their hard earned money. There is presently a high risk attached to purchase of Bitcoin and other cryptocurrencies as the one party is unsure of the integrity and genuineness of the other.
Buying Cryptocurrency is Time Consuming
While there are several online platforms that allows purchasing of cryptocurrency with Fiat by using bank transfer and credit card, the process is often laborious with time consuming registrations and several account confirmations couple with already identified risk of data security.
It is based on this milieu that the Konios team since November 2017 has been developing an appropriate ecosystem (the Konios Platform) to solve these challenges.
THE KONIOS PLATFORM
To solve the inherent challenges associated with buying and seller cryptocurrency and by extension the adoption of cryptocurrency for everyday transactions, the Konios team has invested huge amount of human time and dedication to come up with a distinct solution to address these issues. Some of the features of the Konios platform are highlighted below
Face-to-Face transaction:
The most distinguish feature of the Konios ecosystem is it secured and anonymous face-to-face transaction. This allows conversion of cash to cryptocurrency with ease between two parties involved in a trade that the buyer and the seller. In the event that the buyer is experience or skeptical about the trade, the parties in the trade can request the service of a witness called Validator. A validator is a trusted user of the platform with a lot experience and reputation.
There are three types of users of the Konios platform depending on the role in the platform at a given point in time. A user could either be a buyer when purchasing cryptocurrency; a seller when selling cryptocurrency and as well as a validator when serving as a witness in a trade.
The Konios Exhchange
This exchange would facilitate digital change of cryptocurrency pairs among users.
The Konios Marketplace
This would ensure provision of online marketplace for buying and selling of goods and services with either fiat or crypto.
Konios Trading
Konios trading is an easy to use trading platform providing accurate guidance for users especially newbie in crypto space. This is addition to other trading tools to aid traders in making informed trading decisions.
###Konios Data
Relevant data and information from the cryptocurrency world are made available on the platform. Example include statistical data from the crypto domain, anonymized behavior data from Konios platform etc.
Konios Blockchain
All transaction in the Konios ecosystem are validated by the Konios own blockchain. The Konios blockchain performs transaction data storage and smart-contract handling; this is to ensure the effective connectivity of multitude of tokens and coins on the platform and facilitate seamless transfer without compromising security.
The Konios Wallet
The Konios wallet allows storage of all cryptocurrency assets. It is presently being developed with optimum security in mind.
Lastly, the Konios ecosystem is designed to reward active and loyal users of the platform. They are rewarded with the system token denoted with KON.
The Investment Opportunity
The token sale of Konios token (KON) is presently ongoing and it offers huge opportunity to early investors to earn a massive return on their investment. The Konios project is a feasible project backed by a solid team, it is therefore no surprise as it rated high across multiple ICO review platform. The Konius ICO rating across different platform is listed below:
Site Rating
Icobench 4.2/5
Icomarks rating 8.5/10
Icobazaar.com TBA
Trackico.io 5/5
Specific information about the token sales are provided below
Name of the token Konios Token
Token symbol KON
ICO price $0.01
Maximum Supply 5B
Available ICO Token 3.75B
Start Date 1st of May, 2018
Accepted Currency BTC and ETH (Cryptocurrency), Fiat (USD, EUR, CHF, RMB, KRW)
The token allocation formula is shown by the pie chart below
How the generated funds from the ICO would be spent
The project Road map
The team behind this project
For further information, please get in touch
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https://bitcointalk.org/index.php?action=profile;u=2130916;sa