KINEKT (XKN) ICO Review – ICO Token News
Fortunately, with the widespread proliferation and global adoption of the internet and related cloud based service (SAAS, PAAS, IAAS), including improvements in the reliability and efficiency of various customer identifier technologies such as Fingerprint Readers, it has become possible to re-imagine how transactions at physical POS could and should work. At the same time the global banking industry have started working with the Fintech startup market by sharing networks and customer data. Additionally they have also developed various P2P instant payment solutions on the back-end intended for “person to person” (handset to handset) type transactions, which can now be used by the KINEKT Terminal to help banks provide merchants with the world’s first instant payment transaction terminal.
So in consideration of the entire current market situation and technologies available, the KINEKT Terminal was designed to help solve every aspect related to the shortcomings of bank card terminals, whilst at the same time offering significant additional value.
More specifically the KINEKT Terminal solution is
- CUSTOMER AGNOSTIC because it provides a low cost, simple, secure and foolproof way for ANY conceivable customer (including the unbanked) to transact at physical points of sale using just a fingerprint + secret pin.
- SERVICE AGNOSTIC because it provides a method for ANY3rdparty service provider to plug into the KINEKT Platform for their customer base to instantly transact at participating merchant points of sale.
- TECNOLOGY AGNOSTIC because it works with ANY point of sale, and does not require customers to have specific handsets or bank cards to process transactions –only a fingerprint and secret PIN is required.
The solution includes Artificial Intelligence to help customers automatically select default cards for every point of sale, including the option to receive personalized discount offers.
The KINEKT mission is to provide the global market witha new generation low cost, simple and secure Transaction Terminal, capable of enabling instant transactions forthe ENTIREglobal physical points of sale market through the use of just ONE terminal instead of many.
KINEKT is a new generation BLOCKCHAIN INTEGRATED touch terminal for physical points of sale. The terminal is designed to be low cost (US$50 per unit) and is entirely customer, service and POS technology AGNOSTIC. Current terminals can to do just one type of transaction at a time, for example either loyalty or payment. The KINEKT Terminal can process any one or MULTIPLE instant transactions simultaneously using just a FINGERPRINT + PIN. The KINEKT Terminal also uses ARTIFICIAL INTELLIGENCE to automatically help select a customer’s default (preferred) card service/s, including the option to receive personalized discounted product offers etc.
The KINEKT Terminal represents the “front-end” device required by merchants to accept transactions from customers at physical points of sale. The terminal is designed and configured to read customer fingerprints, display the customer virtual cards on the touch screen, accept payment amounts due, entry of a customer secret PIN and transmission of the related transaction data to the KINEKT Platform(cloud based) for further processing.
The KINEKT Platform
The KINEKT Platform represents the “back-end” cloud server/sof the terminal solution responsible for hosting, managing and processing transaction related data on behalf of merchants, service providers and end-using customers. The platform is in direct real-time connection with KINEKT Terminals by GSM radio over the internet, and 3rdparty service providers by API’s to process and settle transactions directly with participating merchants.
The KINEKT Wallet
A KINEKT Wallet will be made available for use by XKN token owners. The wallet will be a cloud based host for XKN tokens and participating 3rdparty service providers, and be available on IOS / Android Smart Devices and Internet Website. The wallet will be fully functional allowing token owners to perform the following functions:
- To register for the first time, close accounts or change PIN’s &
- To add or remove 3rdparty services available for use at KINEKT
- To trade tokens directly amongst one another, or on token exchanges.
Our token is called the KINEKT Token(XKN) and a maximum of 250 Million tokens will be created. Out of these tokens up to 75% will be made available to the public during the initial coin offering (fundraising period), with the rest (25%) used by the company to help pay for product development over time as may be required. The KINEKT ICO Token is based on the ERC20 “smart contract” enabled standard running on the Ethereum Network.
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- Angus PohlCEO
- Sumved ShamiCTO
- Mike NemkeCMO
- Hannes V Rensburg(M-Payment Advisor)
- Perry Leardi(US Bank Advisor)
Complete Provisional Designs
Provisional Patent Application
Begin ICO Planning
Begin ICO Development
Finalise Core Startup Team
Start ICO Pre-sale
File International Patent Application
Complete ICO Pre-Sale
Start MVP Development
Complete MVP Development
Start Particpant Company Sign-ups
Start ICO Public Sale
Complete ICO Public Sale
Begin Piloting Period
1st Commercial Launch
Global Market Expansion