Website

KartBlock

ICO

Published: Aug 05, 2018

The KartBlock ecosystem at its core is a combination of eCommerce platform, digital wallet, and tokenized reward mechanism.

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Overview

Project industry	Commerce & Retail
Product type	Ecosystem
Whitepaper	Open

Bounty program

What is KartBlock

Kartblock is the provider of underlying blockchain technology to 27avenue.com - an eCommerce marketplace operating since 2013 in India and Singapore. Kartblock connects people all around the world, trade goods without intermediaries, send and receive funds effortlessly. Kartblock marketplace will allow vendors to sell direct to customers with cryptocurrency. Through the use of the blockchain users retain their data, blockchain technology gives power back to the users. The result is consumer empowerment and unparalleled sales potential for retailers and advertisers. ERC20 type KBT tokens are deemed as Blockchain assets that possess value, and can be used for trade, transactions and investment like any other digital currency.

Details

Token supply: 400,000,000
Soft cap: 3,000,000USD (fiat)
Hard cap: 60,000,000 USD(fiat)

Legal

Blockchain Platform: Ethereum
Registration country: United Arab Emirates
Registration year: 2016

Token info

Ticker: KBT
Type: Utility-token
Token price in USD: 1 KBT = 0.15 USD
Accepted currencies: ETH BTC
Token distribution:
40% - ICO
40% - Distribution & Rewards
10% - Founding Team
4% - Team Members
3% - Advisors
2% - Bounty & Rewards
1% - Airdrop
Funds allocation:
24% - Product Upgradation and Development
22% - Marketing & Business Development
20% - ETH Reserve
12% - Operating Expense
8% - Pre-Operative and Pre ICO Expenses
7% - technology Infrastructure
4% - Misc Expense
2% - Legal Contingency
1% - Team Bonus