KYC COIN : Decentralized Coin Based On Proof Of Stake Mechanism

Overview

One of the most recent and significant advances in the world of technology is Cryptocurrency. Cryptocurrencies can be an alternative to non-cash payment instruments that have considerable potential to reduce the growth rate of using cash, which is faster and more convenient. With cryptocurrency, these transactions can be carried out more easily, cheaply, secure, and quickly, both for consumers and businesses. Despite the emergence of blockchain solutions, millions of people still struggle to harness the features and benefits of the crypto world and the digital economy. However, the KYCC team, led by the forward-thinking sisters, Alexandra and Maia Colitova, are looking to make a difference.

What is KYCC?

The KYCC Project was created by KYC&AML Ltd in line with the goal of making the use of crypto easily accessible to as many people as possible across the globe. One of the major aspects of the ecosystem is the KYC Coin, otherwise known as KYCC.

KYC Coin — is a hybrid B2C / B2B project that makes cryptocurrency payments and investments easy, fast and secure. It is based on its own blockchain, which uses an advanced privacy algorithm and a creative dynamic supply chain regulation protocol. Anyone who owns KYC coins can stake and receive rewards

Vision of KYCC

Vision is to improve the experience of interacting with cryptocurrencies, transactions, and payments. This was the motivation for creating a coin with fast transaction confirmation, as well as a universal and easy-to-use crypto wallet. The project is based on meeting all the needs of the users while keeping in mind the problems they may face.

Benefits of KYCC

Easy linking to the branded card. Users will be able to freely transfer funds from their KYC Coin wallet to the card in two clicks. Any cryptocurrency supported by the wallet can be instantly converted to fiat and transferred to the card balance or back to cryptocurrency.

Cashback. Just like with Binance and Crypto.com cards, users will earn cash back on online purchases. The cashback will be higher when shopping with partner merchants and marketplaces. The maximum cashback rate is 9%, credited in KYCC to the wallet’s balance. Even those users whose average monthly KYCC balance is less than $50 will still earn a 1.5% cashback.

Multi-chain support. Apart from KYCC, the wallet will support BTC, ETH, DOGE, DOT, BCH, BNB, SOL, and several others, with dozens more to be added in the future.

Built-in chat. When the user taps on an icon of contact, a menu window is displayed. In it, you can add a user to your list of contacts, make a request or make a payment (if needed, you can leave a comment), view the history of transactions, or complain Instant cryptocurrency exchange. The wallet will have a built-in conversion function that receives real-time data on cryptocurrency prices from decentralized oracles (primarily Chainlink). As in the case of crypto-to-fiat conversions, the commission for converting cryptocurrencies will be minimal.

Commission-free transfers. Sending cryptocurrency from one KYC Coin wallet to another will be completely free. Invoicing. Instead of writing to someone in a chat asking them to send a certain amount, specifying the address, etc KYC Coin wallet users can create invoices in a few taps. The recipient of the invoice receives a notification, which contains all the information about the payment request: the sender name, requested amount, text comment.

Sending crypto to contact list users. After adding a user to the contact list, to send them cryptocurrency, you need to complete just three simple steps: select a recipient from the list (or search by name), enter the amount, and send. Favorites. The user will be able to choose 5 or more contacts and add them to the “Favorites” list to be displayed on the main screen of the wallet. Shake to Pay. Free Instant Payments. It is one of the most valuable features of the KYC Coin wallet. The tool allows users to send and receive payments in their preferred cryptocurrency

Features of KYCC Wallet

-Multichain Slider and Commission Free Transaction — The KYC crypto wallet app interface is  simplified as much as possible. Interaction with the user starts with a slider with a multi-chain. On    the  main screen, you immediately see a slider with useful information. This way, without any    unnecessary movements, you can always keep your hand on the pulse and have information about    your balance, transaction history, and statistics. Slider with multi-chain allows you to get quick    access to statistics regarding the price changes of your cryptocurrencies.

-Shake to Pay — With the Shake to Pay feature, transfers are made as easy as possible. This is an instant transfer tool designed to allow cryptocurrency users to find each other without unnecessary clarifications or other complications. When you shake your smartphone, the app detects other users who are doing the same action and are within a radius of 5 kilometers. This way you can see the customer right away without having to manually enter or scan a QR code. This feature works great for street vendors and other salespeople who serve a large number of customers and want to save time. You can also use Shake to Pay for quick cryptocurrency transfers to your friends or business partners.

-Crypto Exchange — KYCC ecosystem offers a no fees crypto exchange opportunity. With the KYC Wallet App , you can exchange one crypto for another without wasting your time and without looking for additional service or services. Crypto-fiat conversions are also easy to complete. Commissions for such transactions are very low. On top of that, there is only one fee. It is an internal exchange spread.

KYC Token

KYC is the native token of the KYCC platform developed on its own blockchain-based proof of stake mechanism for fast, easier, and cheaper transactions.

Team

KYC Coin is led by two sisters, Alexandra and Maia Colitova. They provide an important example of female leadership, which is still rare in the blockchain space. The sisters have spent years studying the inner workings of the crypto market and participated in numerous industry events. Co-founder and CEO Alexandra Сolitova is a financial entrepreneur. She is currently a member of the executive team at IT Future Farm, a company providing IT support for cryptocurrency platforms.

Roadmap

Conclusion

KYC Coin is a global project, because of this the wallet can be used with the same level of comfort in many different countries around the world. One of its main advantages is the ability to transfer cryptocurrencies into fiat money and do it in a few clicks without loss on commissions or any additional complications. KYCC Wallet users can avoid copying the address at all. Shake to Pay is the ability to make cryptocurrency payments by shaking your smartphone. Just shake your smartphone and you will immediately see a list of users who are up to 5 kilometers away from you and who did the same action.

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Read More Here

Website: https://kyccoin.io/

Twitter: https://twitter.com/kyc_coin

Medium: https://medium.com/@KYCCOIN

Telegram: https://t.me/kyc_community

Authored By

Bitcointalk Username: faujan.nawawi
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2573696
Telegram Username: @haruljo
KYCCOIN Wallet Address: KTUXJv1ZSHcAqvUuNwTQghhP62GjuqpWAz