KINEKT ICO review, all information about token sale KINEKT (XKN) | ICORating
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KINEKT

Banking & Payments

Overview

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.

Features

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.

Crowdsale

Pre-sale
Pre-sale start date 01 May 2018
Pre-sale end date 10 May 2018
Pre-sale token supply 25,000,000
Token Sale
ICO start date 02 Jul 2018
ICO end date 31 Jul 2018
ICO token supply 100,000,000
Legal
Registration Country South Africa
Registration Year 2017
Token details
Ticker XKN
Type Utility-token
Additional Token Emission No
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

Ratings

Type of ratings
Rating
Status
Risk score
NA
Active

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info NA

Ended

Start ICO 02 Jul 2018
End ICO 31 Jul 2018
Token XKN
Price 1 XKN = 0.2 USD
Product Type Service
MVP Only design
KYC No
Registration Country South Africa
Whitepaper View
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