One Coin, One Solution, One Love - Official WhitePaper - Kronik-Koin Official Whitepaper 2021 - Wsimg.com
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Of icial WhitePaper
One Coin,
One Solution,
One Love.
Kronik-Koin O icial Whitepaper 2021
f
ffTable of Contents:
1. Introduction
2. About Kronik Koin
3. How Kronik Koin Works
4. The Problem and the Solution
5. Roadmap and Deployment Plan
6. Contact Us
Kronik-Koin O icial Whitepaper 2021
ffIntroduction:
As the world becomes increasingly digital, cryptocurrency is a next natural step in the
evolution of money. Kronik Koin is the first digital currency developed for the U.K &
European Cannabis Market, representing a major step forward in the adoption of
cryptocurrency in the Cannabis Market worldwide.
Why Cryptocurrency's matter?
Currently, our everyday financial transactions rely upon a trusted third party to maintain a
record of transactions. For example, when you do a bank transaction, the banking
system keeps a record & guarantees that the transaction is safe & reliable. Likewise,
when Cindy transfers $5 to Steve using PayPal, PayPal maintains a central record of $5
dollars debited from Cindy’s account and $5 credited to Steve’s. Intermediaries like
banks, PayPal, and other members of the current economic system play an important
role in regulating the world’s financial transactions.
However, the role of these trusted intermediaries also has limitations:
Unfair value capture. These intermediaries amass billions of dollars in wealth creation
(PayPal market cap is ~$130B), but pass virtually nothing onto their customers - the
everyday people on the ground, whose money drives a meaningful proportion of the
global economy. More and more people are falling behind.
Fees. Banks and companies charge large fees for facilitating transactions. These fees
often disproportionately impact lower-income populations who have the fewest
alternatives.
Censorship. If a particular trusted intermediary decides that you should not be able to
move your money, it can place restrictions on the movement of your money.
Permissioned. The trusted intermediary serves as a gatekeeper who can arbitrarily
prevent anybody from being part of the network.
Pseudonymous. At a time when the issue of privacy is gaining greater urgency, these
powerful gatekeepers can accidentally disclose -- or force you to disclose -- more
financial information about yourself than you may want.
Bitcoin’s “peer-to-peer electronic cash system,” launched in 2009 by an anonymous
programmer (or group) Satoshi Nakamoto, was a watershed moment for the freedom of
money. For the first time in history, people could securely exchange value, without
requiring a third party or trusted intermediary. Paying in Bitcoin meant that people like
Steve and Cindy could pay each other directly, bypassing institutional fees, obstructions
and intrusions. Bitcoin was truly a currency without boundaries, powering and connecting
a new global economy.
Kronik-Koin O icial Whitepaper 2021
ffAbout Kronik Koin:
Kronik Koin is the U.K and Europe's first Cannabis based Cryptocurrency. Kronik Koin
has been created and is run by a group of like minded individuals who share a passion
for cannabis and cryptocurrency.
The team behind Kronik Koin has lots of experience within the international cannabis
market and have run many cannabis based businesses including hemp farms, CBD
lounges, CBD brands and fully licensed MMJ facility's to name just a few.
How Kronik Koin Works:
Retailers can accept Kronik Koin as payment like any other cryptocurrency the difference
with Kronik Koin is it is based on Stellar (XLM) blockchain making it different to other
cryptocurrency like Bitcoin and Ethereum in the way that transactions are instant with
next to no fees also Stellar (XLM) is a very stable coin making it perfect for transactions
to avoid massive fluctuations. Kronik Koin can be then be exchanged to Bitcoin,
Ethereum or Stellar XLM in the retailers own time to avoid long transaction waiting times.
The Problem and the Solution:
There is a huge problem within the international cannabis market not just the U.K and
European market. The problem is banks, payment gateways and other payment
providers do not want to help cannabis based businesses or if they do help they want
huge deposits, reserves and fees with Kronik Koin we can cut out all of these middleman
and Kronik Koin will act as a middleman so that cannabis based businesses can accept
payment in there favourite cryptocurrency instantly with no fees!
Kronik-Koin O icial Whitepaper 2021
ffRoadmap and Deployment Plan:
- Thursday 1st July 2021
First Presale, Presale will last 2 week.
25 million coins released.
The same amount of coins that are sold will be burnt.
50% of the profits from the 1st presale will go towards marketing and promotion of Kronik
Koin the remaining 50% will provide liquidity to Kronik Koin.
- Monday 2nd August 2021
Second Pre Sale will last 2 weeks.
25 million coins released.
The same amount as sold will be burnt.
100% of the funds raised will be used to provide liquidity to Kronik Koin.
- Monday 6th September 2021
Coin will be released to the public on decentralised exchanges such as Lobstr, Stellarport
and StellarTerm.
Coin will begin to be used within retailers and businesses.
As the koin gains volume and traction it will be added to bigger exchanges and websites
like coin gecko and coin market cap.
50 million Koins will be held in reserve and only 2 million Koins per year will be
released for the first five years after that only 1 million Koins per year will be
released.
Contact Us:
If you would like any more information on Kronik Koin or you have any questions or
queries do not hesitate to contact us via email or via our social media platforms.
Email:
Kronik-Koin@ProtonMail.com
Instagram:
@Kronik_Koin
Twitter:
@Kronik_Koin
Telegram:
Kronik Koin
Kronik-Koin O icial Whitepaper 2021
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