WHY KROSSCOIN
KSS introduces a consumption-based token framework that allows application developers to monetize any functional component, in any application, running on any platform. A consumption-based monetization model removes the adoption obstacles inherent in one-time fee and subscription licensing, thus freeing the developer to focus on application functionality. With KSS, monetization increases alongside usage, incentivizing application developers to create a compelling user experience. An API interface allows for rapid integration of monetization, while payment gateways and banking relationships are unnecessary as users pay for application usage with KSS tokens, while developers are paid in KSS tokens. Our first apps utilizing the Krosscoin Platform is the patent pending Pipdroid app family. Pipdroid provides mobile execution and management of cloud-based (crypto) trading bots.
KEY FACTS
1. Ethereum Blockchain
Krosscoin (KSS) will be distributed to Ethereum wallet as ERC20 tokens after the conclusion of each stage of the ITO. E.g. Pre-ITO participants will receive their tokens before stage 1 participants.
2. Cross platform: Android, IOS, etc.
The Kross Monetization Platform will have an API that runs initially on Android and IOS, with other platform support to be determined based on demand. The technology is portable to.
3. Consumption-based Monetization
The Krosscoin API allows for an application to process a consumption, or usage, fee in KSS. The user sends KSS seamlessly by using the application.
4. Multiple Mobile App Releases
Vinekross Corp has developed applications pre-integrated with KSS. A series of additional apps are planned for the future. See Product Overview
5. 100 Million Circulating Supply
Distribution is as follows: 5% presale, 35% ICO, 25% future project development, 25% founders/ devs/ helpers, and 10% reward.
6. Multi-Platform Ecosystem
Multiple platforms will be created to allow apps to exchange value with other apps, merchants, and digital assets (such as music).
7. Decentralized Instant Access
As the all transactions occur within the KSS Ethereum blockchain, developers can immediately transact by simply sending and receiving KSS tokens.
8. Proof of Community
Krosscoin is a utility token. Ownership of KSS represents Proof of Community. The token’s utility is that it can be exchanged for mobile app usage.
KSS ITO TIMELINE
This offer is not intended and allowed for US, China residents and any other country prohibiting participation in Initial Token Offerings
TTS Bonus (Token Turnaround Schedule)
Rationale
Depending on the success of the ITO, directly after the sale, the total token distribution will be at around 20 million KSS. Whereas Pipdroid Petal & Pipdroid Pearl, the mobile forex trading bot solutions for MT4 and MT5, are already in beta stage and will be usable on due time after the ITO by using KSS. The Pipdroid Optima solution for bot-trading crypto currencies will take a few months to hit the market. Krosscoin needs the time and money raised for installing the needed infrastructure and fulfill regulatory requirements in order to go live with Pipdroid Optima. Therefore, the utility-driven KSS demand shortly after the ITO is limited.
With increasing users, increasing functionality and increasing number of apps using KSS, the demand for KSS is expected to increase accordingly. Therefore, Krosscoin came up with the Token Turnaround Schedule (TTS) to limit token supply in accordance with the available use cases, while at the same time rewarding early adopters and HODLers. This is Krosscoin’s way of saying ‘Thank you’ to all the early supporters and ITO participants who make Pipdroid Optima and many more things to become a reality.
How it works
Approx. 1 month after the successful ITO, Krosscoin will open a smart contract, called TTS. Token holders will have 4 weeks time, the contribution period, to send KSS to this smart contract, which will lock them. All KSS ERC20 token in circulation at that time are eligible. Over a period of 12 months the TTS smart contract will deliver a certain percentage of KSS to the ETH addresses which contributed to the TTS pool.
The TTS pool will be matched with 100% of all token sent-in during the contribution period. Example: When all 20 million available KSS are sold during the ITO, and all 20 million KSS are sent to the TTS smart contract, Krosscoin will add another 20 million KSS, resulting in a pool of 40 million token locked.
After the contribution period ends, KSS will be released on a monthly basis for a total of 12 months to each contributing ETH address according to the number of token contributed. The first installment will be 24% of the amount contributed, followed by 11 rounds of 16% each, resulting in a total payout of 200%.
The TTS
- limits KSS in circulation to a healthy level, which avoids inflation and can result in a price increase over time.
- rewards early adopters and HODLers with a bonus of 100% KSS. Double your token by HODLing.
- is a very effective way of staking.
- is open and transparent, as everything is recorded on the blockchain.
- enables every contributor to still use the apps as desired with the KSS received from the monthly installments.
Remarks: The above terms of the TTS might change before the end of the contribution period. Krosscoin could decide to change the amount of matched KSS, % of distribution and duration, depending on the outcome of the token sale event, amount of KSS sent to TTS during the contribution period, or any other reasonable circumstances. The total amount of bonus given after the TTS ends may not be less than 100%.
Practical Example
KSS sent to the TTS smart contract during the contribution period: 300
KSS received after 1st month: 72
KSS received each month from month 2 until month 12: 48
Total KSS received after 12 months: 600
more info below:
WEBSITE : https://www.krosscoin.io/
WHITEPAPER : https://www.krosscoin.io/wp-content/uploads/2018/02/Krosscoin_WP_v1.3.pdf
ANNTHREAD : https://bitcointalk.org/index.php?topic=1975416.msg19663110#msg19663110
TELEGRAM : https://t.me/krosscoin_KSS
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