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KINEKT (XKN)

ICO

KINEKT is a blockchain integrated touch terminal for physical points of sale, which uses fingerprints and PIN codes for authentication. All transactions are governed by artificial intelligence.

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Overview

Project industryFinance Services & Banking
Product typeService
FoundedSouth Africa, 2017
WhitepaperKINEKT White Paper Open

What is KINEKT

KINEKT solution comprises two basic functional units:

  • The KINEKT Terminal is a front-end device required by merchants to accept transaction requests. Transaction process consists of 3 steps: entry of payment data, two-factor authentication (fingerprint and PIN) and forwarding of data to the KINEKT Cloud by GSM as a "transaction request".
  • The KINEKT Cloud Platform is the back-end transaction management aspect. The Cloud hosts data and forwards transaction requests to participating third party service providers.

The underlying blockchain architecture employs a hybrid design consisting of a centralized network, which enables KINEKT terminals to initiate and communicate transaction data to the KINEKT Cloud, and a decentralized network, which enables KINEKT Cloud Platforms to syncronize and backup participant data and to process end-user transactions across territorial borders.

Details

Pre-sales: May 01, 2018 - May 10, 2018
Public sales: Jul 02, 2018 - Jul 31, 2018
Pre-sale token supply: 25000000
Token supply: 100000000

Legal

Registration country: South Africa
Registration year: 2017
Office address: 473 Alexander Street, Pretoria, Gauteng 0181, South Africa

Token info

Ticker: XKN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 Token = 0.200000 USD
Accepted currencies: BTC, ETH
Bonus program:
Private-sale - 50%
Pre-sale - 30%
Public-sale:
1st 10 days - 20%
2nd 10 days - 10%
Last 10 days - 5%
Tokenbuyers who hold their tokens for 12 months will recieve an additional 50% bonus.
Token distribution:
50% - belongs to KINEKT
25% - Private-sale
20% - Public-sale
5% - Pre-sale
Funds allocation:
25% - Development
20% - Employees
15% - Administration
10% - Consultants
10% - Marketing
10% - Travel
5% - Legal
5% - Miscellaneous

KINEKT Roadmap

1
2018/04/03

ICO Pre-sale.

2
2018/07/02

ICO Main-sale.

3
2018/08/01

Final MVP Development.

4
2018/10/01

Start 3rd Party Participant Sign-ups.

5
2019/01/01

Start Piloting Period.

6
2019/06/03

1st Commercial Launch.

7
2020/01/01

Global Market Expansion.

Project team

Sarel de Witt
Sarel de Witt
CTO Adviser
Carpenter Cui
Carpenter Cui
China Market Advisor
Angus Pohl
Angus Pohl
Founder and CEo
Hannes van Rensburg
Hannes van Rensburg
M-Payment Adviser
Perry Leardi
Perry Leardi
US Banks Adviser

Social media

KINEKT web-siteKINEKT RedditKINEKT MediumKINEKTYouTubeKINEKT TelegramKINEKT BTCTalkKINEKT LinkedInKINEKT TwitterKINEKT Facebook

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