KEYRPTO OFFERS A SOLUTION TO SMALL BUSINESS &
INDIVIDUALS!
The purpose of this document is to provide information regarding the
KEYRPTO project, its core conceptual idea, business model, competitive
advantages, ICO details, and a roadmap towards the 1st prototype. A more
technical description of core architecture will follow after the ICO funding
phase.
KEYRPTO started with a simple question: Why can ’t we create a
blockchain- based e-commerce platform which allows small business
or individuals to sell their products & services using any major
cryptocurrency?
KEYRPTO creates a medium between seller & buyer to exchange products
using cryptocurrencies while minimizing the risk of being scammed or
defrauded by providing full payment protection, and by delivering the
product/service as a 3rd-party mediator.
As a seller (either a merchant or an individual) using KEYRPTO, you will
have an online store where you showcase your brand, connect with your
potential customers, and ultimately sell your product or service using a
major cryptocurrency.
As a buyer using KEYRPTO, you will be able to browse listed products/
services and initiate a transaction from a seller’s shop front. We will receive
the payment within our platform and hold it in escrow until we are sure
you have received what you paid for, and that you are satisfied with it. Only
after this has occurred will we then release payment to the seller.
VISION
KEYRPTO is a revolutionary blockchain-based e-commerce platform
that enables buyers to use their favorite cryptocurrency in order to buy
products and services. We will provide sellers with safety, convenience,
and the ability to receive funds in the form of cryptocurrencies. We will
also provide buyers with consumer protection to ensure they always
receive what they purchased, or their money back.
PROBLEM
Despite the advantages of crypto payments, such as low fees, user
anonymity, and fraud protection, clear and well developed blockchain
-based e-commerce platforms have not yet been introduced to the
market. Buyers are searching for a way to make their purchases with
cryptocurrencies. Sellers would love to earn more revenue, but are
cautious about accepting cryptocurrencies due to the lack of regulation
and security around transactions. Wouldn’t it be amazing if we could
have the best of both worlds? This is a dilemma we aim to solve with the
KEYRPTO platform.
SOLUTION
Our aim is to build an advanced platform allowing buyers to use their
favorite cryptocurrency to purchase products and services with confidence
from merchants, while protecting the merchant from market volatility and
fraud, and therefore decreasing the risk of accepting cryptocurrency as
payment.
TARGET AUDIENCE
New small-scale business & indivudals require a good deal of hard work
in order to start off with the highest chance of success. When starting
a new business, one will want to be well-prepared before ever going
online, seeing the first client, or accepting their first order. The key to this
preparation is to know what must be done in order to succeed. This can be
done with the assistance of KEYRPTO.
THE KYT TOKEN
The KYT token can be spent on the platform for online store registration
fees, or for purchasing goods and/or services. In both cases payments with
KYT will provide a significant discount on platform usage.
You can also sell the token in supported exchanges, or hold it for future use
within our wallet or any ERC20 compatible wallet.
In addition to this, the intrinsic value of each KYT token will increase with
platform usage as a burn metric will be implemented to add more value to
investors.
TOKEN BURN METRIC
When using KEYRPTO, a fee will need to be paid in some circumstances.
For example, when a transaction takes place, or when a seller sets up an
online store. A portion of this fee (yet to be determined) will be used to
purchase and burn KYT tokens, increasing the inherent value of those
remaining. This gives added incentive for investors to buy tokens and
participate in the Keyrpto ecosystem.
As an example, the market cap of KEYRPTO at ICO will be $5.1million. With
510 million KYT tokens, this equates to 1 cent per token. If in 6-12 months,
255 million KEY tokens are burnt due to fees and the market cap remains
the same, each token is now worth 2 cents.
To ensure the token supply does not run out, the number of tokens burnt
is equivalent to the number of tokens remaining. So initially for example,
5 tokens of 25 million may be burnt in a transaction fee, but over time this
amount may reduce to 0.5 tokens of 2.5 million.
ROAD MAP
Regarding timelines for this project, the following table showcases
tentative milestones and target date for each phase:
TEAM
ADVISORS
MORE INFO
Official Website: http://keyrpto.com/
Whitepaper Link: http://keyrpto.com/Home/Download
Official Facebook Page: https://www.facebook.com/KeyrptoPage/
Official Twitter: https: https://twitter.com/KeyrptoOfficial
Author : Mayasari
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1105871
Address : 0x4F8c2EB3F3A0129164f9E81E45ECe3cbade7d8A8
