Keyrpto ICO Report – Regular Crypto Income
Standard ICO Report Structure:
- Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
- Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
- Part 3: Useful Links (Further Research)
Part 1: ICO Analysis
E-commerce has been one of the great inventions the internet has made possible. Online shopping has made the lives of millions easier, allowing consumers the ability to buy and sell from the comfort of their homes.
However, this industry which is responsible for hundreds of billions of dollars in revenue every year is not without its own problems. Many of the less developed parts of the world are excluded from the ecosystem, where people with brilliant products are discriminated against purely because of their geographical locations.
Other problems include the high risks users face from the use of their personal and payment identities on these centralized platforms where hacking is prevalent.
On seeing the plethora of problems that beleaguer the industry and leveraging on the immense advantages of the blockchain technology, Keyrpto hopes to become a utopian platform where users, both buyers, and sellers are made happy.
The Keyrpto platform plans to launch with a hassle-free transaction mechanism that is quick, safe and cost-effective. Furthermore, costs of starting an online marketplace or shop can be very expensive for operators while leaving the burden of marketing the new digital storefront to consumers as well.
With these problems facing the E-commerce world, Keyrpto plans to solve these problems through their token and platform.
A seller wherever they may be in the world has the equal chance of participation, where Keyrpto helps them set up their online store with their products listed. This exciting feature will open up the e-commerce world to millions of creative minds which currently do not have access due to their geographical location.
In turn, the use of the Keyrpto platform will allow users on the network to transact without the use of intermediary institutions which often charge high processing fees. The value add here will produce an exciting new platform for business owners and consumers to enjoy with many of the current barriers to entry being eliminated.
Network of Consumers
Keyrpto also helps business owners market their store to bring it to the attention of willing buyers around the world. Saving on marketing costs can help a business increase their bottom line, thus opening an avenue to provide more value to their customers.
Furthermore, whenever a purchase is made on the Keyrpto platform (using major cryptocurrencies like Bitcoin or its native Key) through a seller’s online shop, the money is kept in escrow within the confines of a smart contract. When the buyer receives and then affirms the goods are as described, the payment is immediately released to the seller. Further providing value to both owners and consumers.
What Keyrpto does for everyone on its platform is provide a safe zone where transactions that would have been previously impossible due to mistrust are enabled. The platform will allow both buyer and seller protection through a fair and impartial system that gives everyone their rights.
Keyrpto hopes to be the first truly decentralized E-commerce platform where no one gets discriminated against based on their geographical location. With their escrow system and secure platform available to owners and shoppers alike, the e-commerce industry should expect some disruption through this platform launch.
All and all, the Keyrpto platform hopes to open the e-commerce world to more entrepreneurs, business owners, and creative minds to leverage the power of the interconnected digital world that exists today in the 21st century. Through their use of a hassle-free payment system, the platform hopes to attract users and business alike to enjoy the network benefits on their e-commerce platform.
The network of consumers on the platform will directly benefit business owners, through which should help enhance the platform for consumers themselves. Finally, the escrow system and secure transaction network will allow a trust to be instilled within the e-commerce world utilizing cryptocurrency.
Part 2: Crowdsale Analysis – Details & Token Supply
Total token supply: 25,000,000 KEY
Token type: Utility Token
Token Distribution: Keyrpto’s token distribution outlines 75% to be put up for sale during its Presale and ICO, with 10% each going to the founding team members and in marketing the platform, while the remaining 5% will be shared among its advisors and those who help market it via their bounty campaigns.
ICO Sale Phase: Presale
Token Price: 1 ETH = 3500 KEY
Crowdfunding Usage: Keyrpto aims to use a majority of the funds raised during the Presale and ICO in building up the platform and improving the usability of the interface. Other areas will be in providing top notch security for the platform as well as continued marketing to help the platform gain much traction in the industry.
Team Overview- Members and Advisers
Keyrpto has not put up any information on the identities of those behind the project on its official website as of the time of writing this