A Purpose-built Digital Asset for Payments and Cross Border Transactions built on the TON Blockchain and usable via the Telegram app Wallet
Layer 3
Any KOINON merchant, government or other enterprise user of KOINON’s payment platform, KOIN Pay.
Layer 2
KOINON does not compete with Layer 1 coins and tokens. It uses and customizes Layer 1 technology. This is how Koinon is able to solve the Blockchain Trilemma, balancing between decentralization, security, and scalability.
Layer 1
BITCOIN, ETHEREUM, CARDANO, LITECOIN and 98% of the all other coins and tokens
FACTS ABOUT THE ECOSYSTEM AND ITS DIGITAL ASSET (KOIN):
• Designed and built to be a leading edge, global, cross border payment solution.
• Enables a FinTech ecosystem that is inclusive of licensed financial institutions that are fully KYC and AML compliant.
• Intentionally built and launched without an Initial Coin Offering and its associated legal issues.
• 125 million KOIN were produced
– no additional KOIN will ever be produced.
• KOIN issued on TON blockchain went live on August 30, 2024, and can be stored, sent/received via TON blockchain wallets including the Telegram wallet, Tonkeeper, Tonhub, and others.
REASONS WHY KOINON IS THE PRESENT AND FUTURE OF DIGITAL PAYMENTS:
INSTANT: Telegram wallet send/receive is instant (non intra Telegram wallet transaxctions are processed in under 5 seconds) – BTC 60 minutes, ETH 6 minutes, ADA 5-10 minutes.
VERY LOW COST: Free transactions within Telegram app send/receive (outside of Telegram app KOIN transactions are $0.20 per trxn – BTC $20.00, ETH $30.00, ADA $0.6 per transaction.
SCALABLE: 103,000+ transactions per second – BTC 7 per second, ETH 20 per second, ADA (Cardano) 257per second, Visa 24,000 per second.
ULTRA SECURE: KOINON uses the TON Blockchain Validator (Notary) nodes in a shard processing format for network security to process KOIN.
NO MINING EVER: BTC consumes 0.5% of the world’s daily electricity production and 7x Google’s daily consumption. Due to the TON Network sharding and Validatory node network, there is no mining involved to process KOIN transactions
APPLICATIONS:
• Digital Asset investment. Instantly send and receive digital money anywhere, anytime.
• B2B trade where transactions are priced in KOIN with U.S. dollar and other fiat settlement, particularly for Pan Africa and Emerging Markets where highly deflationary fiat and Dollar scarcity exist.
• Digital retail, ecommerce, and omni channel Cloud Payments and API interface for partnerships and related applications.
• Inter and intra enterprise and government payment and settlement platform.
McKinsey sees Africa fintech sales surging eightfold by 2025
Africa’s financial-technology company revenue may soar to $30.3bn by 2025 – eight times higher than in 2020 – as a growing, young and under-banked population gets more access to internet, McKinsey & Co, said…
Coin | Time per | Cost per | Scale of |
Koinon | 0.003-0.008 | $0.0001 | 40,000+ transactions per second |
Bitcoin | 60 minutes | $20 | 7 per second |
Ethereum | 6 minutes | $30 | 20 per second |
Cardano | 5-10 minutes | $0.60 | 257 per second |
Visa/Master Card | 3-5 seconds. | 2.5-4% +20-50 cent | 25,000 per second |
The KOIN Pay App and Payment Platform support and enable:
• Cross border payments
Play 2 Earn sub app with in app transfer providing in game tokens and enabling P2E solutions, which creates income, especially for young people.
Learn 2 Earn sub app with in app transfer. An L2E blockchain technology education platform via the Web (paying students to master Web 3.0 technology), including a Fantasy Digital Asset Portfolio program for L2E development of virtual asset trading.
Gamers are active communities of early adopters who fully embrace virtual assets
Their exposure to Koinon and use for in-game purchases and for cashing in and out of games are expected to…
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