In the world of cryptocurrencies, being a trusted exchange carries great advantages, given their largely unregulated and uncertain terrain. To bring trust to cryptocurrencies, Konios has developed a face-to-face (F2F) platform for trading cryptocurrencies along with a ratings system to determine the trustwortiness of users.
The Konios app that will be available for Android and iOS mobile devices will make storing and exchanging cryptocurrencies easy for users. Increasingly the public is embracing cryptocurrencies, leading to a combined market capitalization of over $300,000,000, and user-friendliness will be key to capturing this very large potential market. Users will be able to send and receive cryptocurrencies, trade cryptocurrencies, engage in F2F transactions involving cash, check their transactions, and set account preferences using the app.
The F2F transactions on the platform will make it easier for cryptocurrency users to exchange cryptocurrency for cash by providing a search function to find nearby users who meet their criteria. Users will be able to send requests to other users, and will be able to set a date and time to meet to transact in person. The app will require users to scan a QR code to verify their presence when meeting, with multiple steps of verification during the exchange before which the cryptocurrency is released to the buyer using a smart contract. Users will then be able to rate each other, thus incentivizing honest behavior, given that users with high trust ratings will get more requests from other users.
The main currency of the platform is the KON token, an ERC20 token that will be used for all transactions. KON tokens will be rewarded to users who participate in the platform to encourage its growth. In total, 5,000,000,000 KON tokens will be minted. Businesses willing to provide a secure location for F2F transactions among users can earn KON tokens, and they can participate in transactions as well.
The main crowdsale for Konios starts May 1, 2018 and ends June 30, 2018, during which each KON token can be purchased for $0.01. The minimum investment required is $10. The project is based in Zug, Switzerland and complies with the standards of its country. By building trust among users who wish to trade or own cryptocurrencies, and making them easy to use, Konios has the potential to gain a large market share of the cryptocurrency market by meeting these needs.
*I am receiving KON tokens for the growth of the community.
To learn more about Konios: