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KIBIS (KIBIS) ICO Review

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KIBIS is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameKIBIS
Token SymbolKIBIS
WhitepaperView Whitepaper
Website LinkHome
Price1 KIBIS = 0.6 USD
PlatformEthereum
Soft Cap40,000,000 USD
Hard Cap400,000,000 USD

More about KIBIS (KIBIS) ICO:

KIBIS is an innovative kiosk supplier and operator that plans to become the principal payments provider for millions of people around the world. Using kiosks and offering a wide variety of services KIBIS will become a secure, fast and efficient option for people to easily access financial services whenever and wherever they want. KIBIS kiosks will be used to make payments, such as paying a utility bill or topping up credit on a mobile phone as well as being able to buy cryptocurrency exchange vouchers. Our multi-faceted project incorporates self-service kiosks, blockchain architecture, advertising revenue streams and cryptocurrency mining. KIBIS coin will decentralize market transactions, order book matching execution and high throughput payments with our e-Wallet payment network.

KIBIS is an innovative kiosk supplier and operator that plans to become the principal payments provider for millions of people around the world. Using kiosks and offering a wide variety of services KIBIS will become a secure, fast and efficient option for people to easily access financial services whenever and wherever they want.

KIBIS kiosks will be used to make payments, such as paying a utility bill or topping up credit on a mobile phone as well as being able to buy cryptocurrency exchange vouchers. Our multi-faceted project incorporates self-payment self-service kiosks, blockchain architecture, advertising revenue streams, and cryptocurrency mining. KIBIS coin will decentralize market transactions, order book matching execution and high throughput payments with our e-Wallet payment network.

All of our self-service kiosks will be equipped with mining equipment; we will have access to low-cost electricity that will enable KIBIS establishing an efficient and prominent mining pool — a new and independent revenue stream. Kiosks will be placed in highly-accessible places such as shopping centres, squares, and popular attractions; this represents an opportunity for business partnerships with companies using our self-service kiosks to promote their brands to millions of potential customers on an almost-daily basis.

We are launching our own utility token on the Ethereum blockchain that will enable our user community to become part of a universal, decentralized payment network. The KIBIS coin will allow our users to transact on the self- service kiosks, entitle discounts from our service providers and advertisers. Moreover, providing reward tokens over a 36-month term as the intrinsic value of the coin increases participants benefit every month.

To raise funding as well as distribute our tokens effectively and seamlessly we will be hosting an initial coin offering (ICO), commencing shortly. Although we have a global focus, the high proportion of citizens in the Middle-East who remain unbanked makes this region our principal focus for mass adoption.

Our team has worked together for the last 6 years and has developed experience in the service-payment industry and IT infrastructure. This makes us ideally suited to take advantage of the various facets integral to the KIBIS project. We are very meticulous in designing, manufacturing and installing the kiosks as well as developing our custom operating software.

KIBIS has identified a widespread and serious problem that existing technology and payment networks have failed to solve. Through our innovative self- payment kiosks we have found a solution that brings financial services to millions of people; one that takes full advantage of cutting-edge technology that in the coming years will overhaul the foundations of the current payment infrastructure.

The token will facilitate transactions on the Kiosks

There will be numerous applications and a high frequency of state transitions, currently not possible on the Ethereum main-net.

Therefore we will create our own side chain or partner with another initiative, connected to the main chain with a trusted or trustless relay. This approach enables the KIBIS network to run at a reasonable scale, while allowing users to continue to directly own their digital assets and transfer them back to the main chain through a relay

The off-chain process will mean that transaction will traverse KIBIS’ VPLS (Virtual Private Lan Service). Each transaction requires a SHA1 + RSA electronic signature. Sending the equipment code (unique code of equipment Installed in payment acceptance outlet) in each package with the original saving of the code on server and further checking of it. If equipment code in the request does not match with the stored one, the packets are not cleared. This type of protection prevents theft of kiosk keys and use of them for fraudulent payments.

KIBIS is an innovative kiosk supplier and operator that plans to become the principal payments provider for millions of people around the world. Using kiosks and offering a wide variety of services KIBIS will become a secure, fast and efficient option for people to easily access financial services whenever and wherever they want.KIBIS kiosks will be used to make payments, such as paying an utility bill or topping up credit on a mobile phone as well as being able to buy cryptocurrency exchange vouchers. Our multi-faceted project incorporates self-service kiosks, blockchain architecture, advertising revenue streams and cryptocurrency mining. KIBIS coin will decentralize market transactions, order book matching execution and high throughput payments with our e-Wallet payment network.All of our self-service kiosks will be equipped with mining equipment; we will have access to low-cost electricity that will enable KIBIS establishing an efficient and prominent mining pool — a new and independent revenue stream. Kiosks will be placed in highly-accessible places such as shopping centres, squares and popular attractions; this represents an opportunity for business partnerships with companies using our self-service kiosks to promote their brands to millions of potential customers on almost-daily basis.We are launching our own utility token on the Ethereum blockchain that will enable our user community to become part of a universal, decentralized payment network. The KIBIS coin will allow our users to transact on the self- service kiosks, entitle discounts from our service providers and advertisers. Moreover, providing reward tokens over a 36-month term as the intrinsic value of the coin increases participants benefit every month.

To raise funding as well as distribute our tokens effectively and seamlessly we will be hosting an initial coin offering (ICO), commencing shortly. Although we have a global focus, the high proportion of citizens in the Middle-East who remain unbanked makes this region our principal focus for mass adoption.Our team has worked together for the last 6 years and has developed experience in the service-payment industry and IT infrastructure. This makes us ideally suited to take advantage of the various facets integral to the KIBIS project. We are very meticulous in designing, manufacturing and installing the kiosks as well as developing our custom operating software.KIBIS has identified widespread and serious problem that existing technology and payment networks have failed to solve. Through our innovative self- payment kiosks we have found a solution that brings financial services to millions of people; one that takes full advantage of cutting edge technology that in the coming years will overhaul the foundations of the current payment infrastructure.

EXECUTIVE SUMMARY

To raise funding as well as distribute our tokens effectively and seamlessly we will be hosting an initial coin offering (ICO), commencing shortly. Although we have a global focus, the high proportion of citizens in the Middle-East who remain unbanked makes this region our principal focus for mass adoption.Our team has worked together for the last 6 years and has developed experience in the service-payment industry and IT infrastructure. This makes us ideally suited to take advantage of the various facets integral to the KIBIS project. We are very meticulous in designing, manufacturing and installing the kiosks as well as developing our custom operating software.KIBIS has identified widespread and serious problem that existing technology and payment networks have failed to solve. Through our innovative self- payment kiosks we have found a solution that brings financial services to millions of people; one that takes full advantage of cutting edge technology that in the coming years will overhaul the foundations of the current payment infrastructure.

Legal Disclaimer

In order to fund the development of KIBIS tokens will be sold to the public in exchange of cryptocurrencies.The KIBIS coin is a coin, which will allow the user to access the service provided by the KIBIS.The KIBIS coin does not have the legal qualification of security since it does not give any rights to dividends or interests.The sale of KIBIS coin is final and non-refundable once the soft cap is achieved.KIBIS coins are not shares and do not give any right to participate to the general meeting of KIBIS.Laws and acts that ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory scrutiny for the investors’ protection are not applicable in this case.Every purchaser of the KIBIS coin should receive proper advice in order to understand whether the purchase of the token is appropriate for them.KIBIS coins according to the laws that apply in their jurisdiction of domicile are not resident in China or South Korea and nor are they purchasing KIBIS or signing on behalf of a Chinese or South Korea resident; live in a jurisdiction which allows KIBIS to sell KIBIS coins through an Initial Coin Offering without requiring any local authorisation. Furthermore, residents from the United States of America including U.S.A green card holders are ineligible to participate in this project.

Self-Service Kiosks

Introduction

The self-service kiosk has thrived since GUI (Graphical User Interface) technology was developed and made commercially viable for businesses to implement. These interfaces allow user to choose a relevant service or product on screen. The advantages of this technology have revolutionized consumer experiences and reinvigorated many waning industries. Although the first kiosk was developed by the University of Illinois in 1977, self-service kiosks were at the forefront of the internet revolution in the 1990s, most noticeably photo booths for issuing pictures for passports and other forms of official identification. Once internet connectivity improved further in the late 2000s the technology has been rolled out in car parks, supermarkets, petrol stations and have become ubiquitous in all manner of other use-cases.Many organisations have payment processing centres or a department that can facilitate this, e.g. local councils in the United Kingdom would historically have a member of staff processing council tax payment. Even though these centres are manned, self-service kiosks are being implemented. On average reducing queue times by 30% helps considerably with customer satisfaction. Furthermore, allowing staff members to concentrate on other more skilled duties. The self-service kiosk mitigates human error and in some instances negates the need for any physical attendant. Due to the cashless culture in many developed countries most self-service kiosks will not hold a high amount of cash. Coupled with the robust hardware used security concerns are negligible.Organisations have historically relied on payment processing from banks, post offices and third-party payment machines that require more administration and additional processing fees. The kiosks also allows businesses to maximise their sales with promotional offers and advertise third party offerings. Self-service kiosks have had an impact all over the world in different regions and countries.

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