A Purpose-built Virtual Asset for Payments, Remittances and Cross Border Transactions
Any KOINON merchant, government or other enterprise user of KOINON’s payment platform, KOIN Pay.
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.
BITCOIN, ETHEREUM, CARDANO, LITECOIN and 98% of the all other coins and tokens
FACTS ABOUT THE ECOSYSTEM AND ITS VIRTUAL 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.
• Koinon blockchain went live on September 20, 2018, and has had over 1 million block confirmations without incident or downtime.
REASONS WHY KOINON IS THE PRESENT AND FUTURE OF DIGITAL PAYMENTS:
INSTANT: 0.003-0.008 second per transaction – BTC 60 minutes, ETH 6 minutes, ADA 5-10 minutes.
VERY LOW COST: 0.0001 Koin ($0.0001) – BTC $20.00, ETH $30.00, ADA $0.6 per transaction.
SCALABLE: 40,000+ transactions per second – BTC 7 per second, ETH 20 per second, ADA (Cardano) 257per second, Visa 24,000 per second.
ULTRA SECURE: Koinon’s blockchain Komodo uses dPOW (delayed Proof of Work) and secures all transactions for permanent immutable and historical block storage.
NO MINING EVER: BTC consumes 0.5% of the world’s daily electricity production and 7x Google’s daily consumption.
• Virtual 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.
• Digital retail, ecommerce, and omni channel Point of Sale (POS).
• 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…
40,000+ transactions per second
7 per second
20 per second
257 per second
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…