![kon.PNG](https://steemitimages.com/DQmUchUiT1jcwm8rRGKYrAYd9PFUhe5esu22gEDpUFKYiMR/kon.PNG)



The markets right now account for about 91.1% of the capitalization through digital money and about 8.5% through cash. It would be surprising to know that despite being used by millions of users around the world, cryptocurrency commands only 0.3% of the total share. The trends though in favor are far from being modest. Cryptocurrencies may be the talk of the town right now but they hardly serve as a mode of payment or exchange. The uncertainties around the digital currencies and their ill adaptability to the traditional businesses discourage common users. Around the world too, people are unaware as to the start, registering process in exchanges or even fear their credibility. The recent hacks and thefts surrounding bitcoins are not unheard of and several governments are either adopting stringent policies or else completing banning their usage. The picture needs to attain focus and need is for a platform where people can freely and fearlessly participate in the crypto world.

Addressing this need, the makers of **KONIOS** have come up with a platform with an easy access requiring a phone and an internet connection. The platform functions without the use of banks or intermediaries.

**KONIOS platform will ensure secure face-to-face transactions of cash to cryptocurrency, help in the digital exchange of any cryptocurrency pairs and serve as a marketplace for commercial goods and services to be dealt in crypto or fiat.**

**It will further serve as a trading platform with a simple procedure and tools to help laymen analyze and predict trends.**

The exchange takes place face-to-face

\*Transaction process is structured and follows the highest security regulations.

\* Built with five security keys and participants make an exchange with only four clicks on their smartphones.

\* To lower the transaction fees they have come up with their own blockchain which validates and records all transactions locally on the platform.

\* Smart contracts are there to monitor and secure the transactions.

\*On the platform Merchants can choose from over 1000 different currencies including digital and fiat currency.

\*The purpose is served without any transaction cost or intermediaries

\*People are often required to submit personal information which dissuades them. Konios uses anonymous data behavior and geological locations to solve the issue.

\*The platform provides for several videos and documents to help in your start and create a positive image of cryptocurrencies in the global media.

**Stages:**

The platform will work through three phases. The **transition phase** will involve hassle free and anonymous entry into the crypto world through cash.

The **Trade and everyday use** will involve helping businesses with required information easily available through pdf downloads.

The third phase will be large scale and involve the availability of **information and data** to startups, students, and even authorities.

**How does it work?**

A platform user wants to purchase the currency of his choice:

- The user defines the fiat exchange amount and selects the cryptocurrency.
- The search is simplified through a list of sellers sorted by distance without their exact identity or location.
- The buyer chooses a seller from the list and a request is sent to the seller concerned
- After studying the parameters, the seller accepts the request triggering a smart contract
- Now the buyers  and sellers sit face to face
- Mutual confirmation is done by scanning a QR code.
- The buyer presents the cash after counting while the seller is handed over the cash and the app confirms both the sides.
- Seller too counts and checks the cash
- The smart contract automatically triggers the transfer of cryptocurrency
- After that, an evaluation request is sent to both the parties. This would in future boost confidence in good rated partners with inexperienced users.

The users can earn benefits through reward systems and earn secondary income as validators on the platform. The rewards are unconditional and act as an incentive for new users to increase the frequency of their activities. The reward directly reaches the wallets of the users.

The platform further grants one safe and secure wallet for all kinds of currencies.

**Kon token and ICO details:**

The Kon token will be an Ethereum based token used for reward systems and loyalty bonuses within the platform. The price per token will be $0.01. The maximum tokens generated would be 5 billion. Out of which 3,750,000,000 tokens will be up for sale. The payment will be accepted in BTC, ETH, and Fiat through wallet to a wallet or bank wire. ICO will start on May 1, 2018, and last up to 60 days.

![koi1.PNG](https://steemitimages.com/DQmP1FegGdaLPMkhJT8JJQY13MTCxUkDE1xi1z4iitGBCLs/koi1.PNG)

**Concluding Verdict:**

The platform ensures ease of operations to encourage mass adaptability of cryptocurrencies by the masses and their safe and secure acceptance as a mode of payment.

They aim to restrict formalities and procedural requirements and limit the need for personal information by keeping the transactions anonymous.

Investors can cash in on the credibility and popularity of the platform and ensure additional rewards through loyalty programs. The users can benefit from active participation and act as validators. The prospects are bright and the success of ICO will determine the future course.

**For more details:**

Website: [https://konios.com/](https://konios.com/)

Whitepaper: [https://drive.google.com/file/d/1Nf6o1WJooXwv8KCe6vxxqoqmQFpIcMY1/view](https://drive.google.com/file/d/1Nf6o1WJooXwv8KCe6vxxqoqmQFpIcMY1/view)

Blog by: Lanirm Knayam

BTT Profile: [https://bitcointalk.org/index.php?action=profile;u=1308391](https://bitcointalk.org/index.php?action=profile;u=1308391)