Greetings to you, dear readers of my blog! In this review I present to you an ICO-project Knowchain.
I will tell about everything in detail in this article.
Knowchain is a 2 layers blockchain that powers decentralized Applications with Smart Con-
tracts and Additional Information of users on-chain.
Know blockchain enriches the transaction on blockchain by adding a second layer that can
store “any other relevant data” pertaining to the information of the senders, the receivers and
the transactions, from identifications of parties to the appendix attached into the transac-
tions. The additional information in the second layer helps the transaction on Knowchain to be
as same as in real world. Let’s take an example to understand this: A can attach the encrypted
identification of himself with the transaction to B where B have also to attach his encrypted
identification and follow M, N, P terms and conditions required by the smart contract C to be
considered valid to get X Know from A. In real world, it is equivalent to (A) having to sign to
the contract (C) with (B) with both (A) and (B) in the know of each other’s identity as well as
the contractual obligations entered into, where M, N, P terms and conditions in the contract
(C) need to be fulfilled for the payment of (X Know) to be paid out.
Besides being able to attach information onto blockchain (the second layer of Know), repeat
users can re-use the information they attached to Knowchain previously. Take this use case
example: A signs a contract with B on Knowchain with the Smart Contract as follows: B is
contractually obligated to issue a Promissory Note P to A, in which A is contractually obligated
to pay X Know to B and B will only receive X Know when the Promissory Note P attachment’s
upload for A to the second layer of Knowchain is completed, A and B both have to sign to the
Smart Contract by attaching their Identification proofs. If A and B had in previous occasion
attach their identification proofs onto Knowchain before, they can simply re-use them by
linking to them on second layer and then execute the Smart Contract. That is how Knowchain
brings its unique blockchain design into the real world to power any kind of transactions:
banking transactions, medical transaction, educational transactions, etc.
Cryptocurrencies and blockchains evolved with decentralization and anonymity as the main
notion. Having known the major problems and issues faced with most blockchain designs,
Knowchain bridges and eliminate these issues by enabling centralized organizations the ability
to reap the advantages of blockchain technology; decentralize some processes of the opera-
tions onto Knowchain and let the customers to be the real owners of their information. With
the ability to have more information on-chain, users have the right to be anonymous or identi-
fied, to be private or public, and the transactions on blockchains are as close to the real world
more than ever before.
Token info
Token KNOW
Platform Ethereum
Token Price 0.00002 ETH (0.0090138 USD)
Token for sale 5,456,837,616 KNOW (70%)
Token supply 7,795,482,309 KNOW
Investment info
Restricted countriesNo restrictionsKnow Your CustomerYesWhitelistYes
Bounty campaign information
Start of campaign July 26, 2018
End of campaign Oct. 31, 2018
Tokens for bounty 155,909,646 KNOW
Reward pool 1,405,338 USD
Bounty tokens percentage 2.0 %
:-
Team
Team is a good mix of experts from different fields.
There are experts in business administration and mechanical engineering as well as software development and finance.
All important employees can look back on a long and successful career and bring the necessary experience to the company.
Anh Nguyen
CHIEF EXECUTIVE OFFICER
Member of this ICO only
Hoa Nguyen
CHIEF TECHNOLOGY OFFICER
Member of this ICO only
Viet Vu
CHIEF OPERATING OFFICER
The Tran
LEAD BLOCKCHAIN
Member of this ICO only
Than Pham
LEAD BLOCKCHAIN
Khoa Vo
LEAD SMART CONTRACT
Member of this ICO only
Trung Nguyen
BLOCKCHAIN DEVELOPER
Viet Phung
BACKEND DEVELOPER
Member of this ICO only
Nam Nguyen
FRONTEND DEVELOPER
Iwona Pytlowska
MARKETING TEAM
Member of this ICO only
Emma Ravenaux
MARKETING TEAM
Roxana Salazar
DESIGN TEAM
Opakunle Omotayo
COMMUNITY TEAM MEMBER
Member of this ICO only
Bajro Lisic
COMMUNITY TEAM MEMBER
Member of this ICO only
ADVISORS
Tam Nguyen
BOARD ADVISOR
Patrick Chua
BOARD ADVISOR
Gee Ong
BOARD ADVISOR
Bao Lam
BOARD ADVISOR
1
January 2018
- Architect designing: 2-layered blockchain - Ano layer and Know layer.
2
March 2018
- Whitepaper v1.0 is officially released. Knowchain is to bring blockchain technology to real world use cases.
3
July 2018
- Start of the Private Sale. Devnet for Know layer will be released.
4
September 2018
- Public Testnet for Know layer will be release.
5
November 2018
- Devnet for Ano layer will be released.
6
January 2019
- Integration of Know layer and Ano layer. Start of the Knowchain Delegates program
7
March 2019
- Know Virtual Machine and Smart Contract system integration into Knowchain. Start of the Knowchain Ultranodes program.
8
May 2019
- Public Testnet for Knowchain. Start of Delegates voting.
9
July 2019
- Knowchain Mainnet: Swap to Knowchain native unit - KNOW
Conclusion:-
Project solves the costly and costly problem. The platform is a prime example of the meaningful use of smart contracts and is therefore absolutely groundbreaking for the future. With their experienced team and a very good vision, this is a serious project with great prospects of success.
Useful links;
Website:- https://knownetwork.io
Telegram:-https://twitter.com/knownetwork_io
Twitter:-https://t.me/KnowGlobalCommunity
Facebook:-https://www.facebook.com/knownetwork.io/
Bitcointalk:- https://bitcointalk.org/index.php?topic=4718904
About the author: Pradeep
Pradeep is the top author and co-founder of ATGNEWS.COM His background counts over 4+ years of experience in the blockchain industry. Pradeep has passion for cryptocurrencies, ICOs, tech revolution, and is standing for honesty across media.
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Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk