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KOI

We Will Take The Blockchain Beyond The Limits of Technology

A lot of people don't have access to the knowledge, technology or economy that exists in what we know as Blockchain. Traditional businesses don't take advantages of every tool created to make easy transactions between people and commerce. This is because even with the speed, trust and transparency that could provide the use of cryptocurrencies in the regular commercial operations, it is still being complex, most to all to those who don't have the tech knowledge. To send money through a cryptocurrency wallet, it is necessary to know the destination address which generally is a complicated alphanumeric digits that are very difficult to remember it. the confirmations time, the need to have a technological device to make the transaction and the intricate process to convert cryptocurrency to FIAT, makes that adoption of payment gateways based on cryptocurrency didn't got mass.

3.5
1 0 expert ratings
Benchy 3.5
KYC
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Review: coming soon PRO

Ended
Token
KOI
Type
Price in ICO
0.0287 USD
Country
Whitelist/KYC
None
Restricted areas
Iran, North Korea
preICO start
1st Feb 2019
preICO end
28th Feb 2019
ICO start
1st Mar 2019
ICO end
31st Jul 2019
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About KOI

In 2017 a group of professionals saw the problematic that had the stores and businesses and their difficulties to make transactions with their customers in a fast and secure way, for that reason we decided to create a prepaid payment gateway app, to allow users to use it in affiliate stores. After we finish to developed it and in the beta test stage, we notice a scalability problem. Our wallet was going to depend on of the traditional banks technology and platform, because users would use our bank account to deposit their money, we would assign that money in their wallet, and then they had been able to use it in the affiliate stores, the end of this process should be when the stores  withdrawal their money, and we would have to send the money from our bank account to the stores bank account. As you may see, we needed of the bank in our whole process of the incoming/out coming of the funds. The verification process of the money in our bank account  could be complex too, because an operator was on charge to assign the balance. We realized that in a low customers volume this task was easy to do, but with a largest amount of customers we will require more personal, and suddenly the volume of the salary of the personal was going to be over the volume of commission that we could generate in the transactions.

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