To ensure cryptocurrencies can be used by as many people as possible, the Konios platform has been designed to make cryptocurrency trading as secure and simple as possible. The Konios platform facilitates face-to-face (F2F) transactions with a user-rating system to incentivize honesty.
There are several steps involved in the F2F transactions. The first step is selecting the cryptocurrency to trade and the amount one wishes to trade using the app. The search function of the app will then find those who have what the user is looking for in the vicinity of the user. Users will be able to send a request to other users specifying the cryptocurrency they want to buy or sell, the amount, the date and time.
Once the other party agrees to a transaction, the equivalent amount of cryptocurrency is deducted from the account and stored in a smart contract. As an added security measure, users must scan a QR code to show they are present when meeting F2F. After the transfer of cash at an agreed-upon location, both users will confirm that they have completed the transaction. The smart contract holding the funds will then release the cryptocurrency to the buyer. After the transaction is finished, the users can rate one another, thereby providing valuable information for future users of the platorm when dealing with them.
Just as the plaform is open to individuals, businesses can join to reap the benefits of F2F transactions, either buying or selling. Moreover, businesses can earn extra income by providing a secure checkpoint for transactions between users. For very large transactions, users can request a validator familiar and trained in the process to validate the transaction for a small fee.
Besides facilitating F2F transactions, Konios will offer a secure wallet allowing users to send and receive cryptocurrencies, exchange cryptocurrencies, and trade goods and services for cryptocurrencies. Combined, these features will make cryptocurrencies more appealing to ordinary investors.
As a Swiss financial platform, Konios will comply with the financial laws of Switzerland, especially as they relate to money-laundering. Konios will take the necessary security measures to safegard accounts. Konios is headquartered in Zug, Switzerland, a hub of blockchain innovation in Europe.
Integral to the Konios ecosystem is the KON token that is issued to users as a reward for their participation, such as for registering on the platform and receiving positive feedback. KON tokens will also be airdropped to loyal token holders, thus reinforcing their ownership and loyalty to the platform. KON tokens will also be used as a basis for all transactions without which they cannot occur. The KON token is an ERC20 standard token based on the Ethereum blockchain.
The Konios ICO is taking place from May 1, 2018 to June 30, 2018. During the ICO, each KON token will sell for $0.01, with bonuses given to the earliest participants who join. As a financial platform based in Swizerland and using F2F transactions, this will be an interesting project to watch.
*I am receiving KON tokens for the growth of the community.
To find more information about Konios: