Refundable, Reversible & Safer Payments on Ethereum Blockchain
KoveredPay is a decentralized token based on the Ethereum blockchain. Our aim is to enable safe, reversible transactions on the blockchain. The transactions made using KoveredPay can be reversed and/or put on hold, making KoveredPay a must-have cryptocurrency for both merchants and buyers to ensure the safety of their funds.
Distribution & Airdrop Details Airdrop:
The coins will be distributed at the website with limits to ensure the maximum spread of the tokens among the community.
A total of 35M tokens will be distributed for free during the airdrop.
Available Tokens (Airdrop) 35,000,000
KVP Treasury Tokens (Lock In) 10,000,000
KVP Liquid Tokens 5,000,000
KVP Total Tokens 50,000,000
KVP Lock In: Administration holds 15M tokens. Out of these 15M tokens, 10M have been locked in the smart contract for a period of 6 months and the remaining 5M will be in the liquid form.
Withdrawals: The tokens will be available for withdrawals immediately after the claim. Users will be required to pay the gas fees for the withdrawal transaction.
Roadmap :
We’re committed to the development of KoveredPay by continuous addition of features and development of a strong community. By implementing reversible, refundable, and mediated transactions on the blockchain, we’re building a safe platform for businesses and buyers to interact on.
• 2017 Q3 – Concept design and research
• 2018 Q1 – The contract is deployed on the Ethereum network
• 2018 Q1 – Listing of KoveredPay tokens at multiple exchanges
• 2018 Q1 – Release of mediator pool, thus making Mediated Transactions functional
• 2018 Q2 – Release of Merchant to make the integration of KVP tokens very simple, straightforward and easy
• 2018 Q3 – Release of a full-fledged wallet application for KoveredPay tokens
• 2019 Q1 – Possible research for a complete Blockchain system
• 2019 Q2 – Depending upon the feedback of the community, work on the separate Blockchain begins
• 2019 Q4 – Transition to new blockchain system initiated
Conclusion :
KoveredPay has made the effort to create a secure, reversible payment protocol on top of the Ethereum blockchain. KoveredPay has taken ample coding measures that if the community ever planned to migrate to a different blockchain, it will be simple and straightforward to do so. By joining KoveredPay, you’re helping us develop a safe payment protocol for both merchants and buyers.
