KalyCoin - A Cryptocurrency created for Usability in the Real Market

cryptoinmind (30)in #klc • 3 years ago

Overview

Since the creation of the Bitcoin cryptocurrency in 2009, there has been a rapid increase in the total number of digital currencies in circulation globally. In simple words, a cryptocurrency is a digital or virtual currency designed to function as a medium of exchange. Over the years, cryptocurrency’s meaning has shifted from a mere means of online payment settlement. It has broadly expanded that many projects have emerged to define use cases for crypto and the blockchain. Digital Assets are becoming mainstream and need infrastructure that can combine efficiency with real-world required compliance. However, despite the positivity and euphoria that surrounds this new emergence, certain issues are still of concern to users. There’s not enough infrastructure that can combine blockchain efficiency with real-world required compliance and the number of use cases.

Traditional payment networks do not natively accept crypto-currencies today, It is a slow and expensive process. The market process strongly limits the number of people we can introduce into the cryptographic ecosystem. The KALYPAY system was created to solve this problem.

What is KalyPay?

KalyPay is a fintech solutions group. Specializing in smart solutions for cryptocurrency payments, it is part of a self-completing ecosystem, along with KalyPay Visa cards, an autonomous digital exchange startup, that helps to convert assets with flexibility. KalyPay has made available to customers ATMs for the purchase/sale of cryptocurrencies, the incorporation of traditional payment methods into the KalyPay ecosystem, and the purchase of goods and services.

Mission of KalyPay

The mission is to Accelerate the Transition to crypto-currencies by building, on the one hand, a network of crypto-currency projects and, on the other hand, by focusing on developing the ability of merchants to accept cryptocurrencies as payment.

KalyCoin network to be a high-performance blockchain solution, which will make the transaction flows between crypto-currency users and merchants accepting crypto-currencies transparent, profitable, and secure.

Benefits of using KalyCoin

Broad and attractive offers for customers to financially encourage the use of crypto-currencies.
Focusing on solutions that allow customers to spend via multiple channels and online merchants to accept crypto-currencies.
KalyPay APIs linked to existing gateways (payment methods) will encourage merchants to deploy them and can also offer substantial discounts to their customers. Customers will pay using the KalyPay application. Payment will be instantaneous.
The non-existence of inter-client transaction fees encourages massive use of the system.
Decentralization of the protocol in transaction processing.
The network of distributors and franchises adapted to each type of market: aware that despite the potential offered by blockchain and crypto-currencies there is a large gap, for the massive adoption of this new technology

Ecosystem of KalyPay

The Client - Use the network to perform inter/external transfers in the KalyPay ecosystem, crypto-currency payments, call unit reloading, and use of magnetic cards throughout the visa network. The client receives rebates funded by the network. The client will have the ability to spend crypto-currencies directly from the cryptocurrency account/portfolio at merchants, online or offline, without switching to fiat currency.
The Merchant - The merchant accepts payment methods from the KalyPay ecosystem reduces the costs of processing fees. The merchant offers customers network-funded discounts and demonstrates its ability to follow a new trends.
The distributor (franchise) - Distributor's role is to sell KalyPay services to the population to ensure proximity. Distributors will get Commission-based compensation for use of the range of services available. KalyPay communication tools and support and a presence in traditional media and social networks to facilitate their outreach.
Kalypay - Kalypay manages the flow of funds from customers to merchants and distributors (from transaction authorization to settlement), set specifications, and standards, and distributes processing fees to eligible participants in exchange for their services.

Why Choose Kalycoin?

Reliable Transactions - Transaction fees between users are secured without risk of loss.

International Transfers - Your secure international money transfers at a low cost.

Quick Transactions - Ultra-fast transactions between users and merchants.

Secure Portfolios - Website and wallets secured with an SSL / HTTPS certificate.

KYC/AML Regulations - KYC / AML identity checks to comply with regulations.

Decentralized Exchange - Buy and sell quickly while maintaining full control over your funds.

How does it work?

The customer journey for crypto-currency payment using the KalyPay ecosystem is intended to be as simple and versatile as possible.

The customer opens his KalyPay account and has instant access to multi-currency and crypto-asset wallets. From his KalyPay account, the customer can perform reload operations via several payment methods, and he can transfer money within the entire KalyPay ecosystem.

KalyPay community members can send each other assets internally without paying no network fees

Each user is an active ambassador of the system, on each account opening when he/she makes a minimum fiat load of 50$ Kalypay pays him/her a commission in KLC.

Merchants use their existing payment terminal or integrate the online payment gateway KalyPay, customers pay using their wallet and merchants receive their payments instantly in KLC, stablecoin, and fiat

Merchant processing fees are near zero compared to fiat currency, resulting in higher margins for merchants, minimal integration effort, and co-marketing including financial incentives

Kalycoin(KLC)

KLC is the native token of the Kalycoin ecosystem. KLC is a digital currency that is at the core of a powerful new banking and financial services ecosystem based on encrypted and permissionless peer-to-peer payments and money transfers, globally, that solve multiple problems. It is also being positioned as a leading payments channel in Global Payment Transfers. KLC is a DeFi token on the Binance smart chain that allows you to participate in decentralized finance

Utility of KLC Coin

Internation Transfer- Transfer and receive your Kalypay currencies * (KLC, KUSD, KEUR, KGNF, KXOF, KXAF) for free, instantly

Kalycoin will be used as a means of payment on the first marketplace accepting crypto-currency payments.

In addition to the Marketplace, Kalycoin will also be accepted as a payment method at our partner merchants.

Earn daily interest safely by locking your Kalycoin and generate a passive income of up to 8% per year with your KLC

Tokonomics

Token Name : KALYCOIN
Symbol : KLC
Total Supply: 75,000,000 KLC

Roadmap

Team

Conclusion

The Kalycoin payments processing architecture is entirely new and the app will allow all major cryptocurrencies to become instantly liquid and spendable in tens of millions of locations around the world; speeding up the opening of the crypto economy to institutions, merchants, and other ecosystem partners worldwide. The easy-to-use app will enable everyday purchases using all major cryptocurrencies. KLC is designed to be simple and to function as a usable day-to-day currency, as crypto adoption continues to take hold. Even a cursory examination quickly shows that none of the other so-called “cryptocurrencies” could ever really be seen or used as a CURRENCY. KLC has a purpose, functionality, and critical mass.

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