The KING-STORE online shopping platform will be the assortment of a diverse range of products, with a vehement emphasis on eco-friendliness and environment sustenance, which are accredited by verifiable certification. The King-Coin Token (KCT) will be mandated as the platform’s operational cryptocurrency, in which all SMB members and sellers need to pay the joining and annual fee. The inevitable appreciation of KCT coin will competently banish fraudulent seller registration and retain the unassailability of the ecommerce platform. Another primary focus of KINGSTORE is setting up and operating logistics and distribution centers in order to effectively minimize the cost and elevate financial efficacy as the additional charges would be holistically curtailed. What is K-Chain Tokens (KCT) | What is K-Chain Tokens | What is KCT token
In this article, we'll discuss information about the project K-Chain Tokens and KCT token
The KING-STORE online shopping platform will be the assortment of a diverse range of products, with a vehement emphasis on eco-friendliness and environment sustenance, which are accredited by verifiable certification. The King-Coin Token (KCT) will be mandated as the platform’s operational cryptocurrency, in which all SMB members and sellers need to pay the joining and annual fee. The inevitable appreciation of KCT coin will competently banish fraudulent seller registration and retain the unassailability of the ecommerce platform. Another primary focus of KINGSTORE is setting up and operating logistics and distribution centers in order to effectively minimize the cost and elevate financial efficacy as the additional charges would be holistically curtailed.
King Store focuses on penetrating eco-friendly products from Asia into the vast western market. A 2019 study by CGS depicts that western buyers are willing to pay a premium of 25% above the base price for sustainable products. This demand for sustainable products has not yet been fulfilled due to the inefficacy of the major players to pull in the small and medium-sized sellers from Asia. This vacuum is what King Store proposes to fill. In addition to this, the online transactions in an ecommerce platform mostly processed through third-party gateways report a 12% failure rate. King store strives to embed blockchain technology with ecommerce transactions and be the breakthrough.
The Cavities in the Ecommerce Industry
Although applauded around the world like the colossus of the digital world, the ecommerce industry is rooted with enormous cavities deterring its growth.
The hindrances in verifying each and every seller have introduced the circulation of fake and abysmal products in the market.
The old and obsolete supply chain management techniques have led to delayed deliveries and, at times, cancellation of the orders.
With third-party payment gateways, there have been enormous failed payments letting down the customer’s trust.
The difference in the cost of the product and the amount to be paid turns out to be a huge disappointment to the customers, stopping them from placing orders.
The customers are left bewildered when taking prominent actions like returning a product or canceling an order.
Resolve the Shortcomings with KCT
Our solutions to the shortcomings in an ecommerce industry are overcome with the three stakeholders of our company.
The King Store will be an online shopping platform focused on eco-friendly products procured from small and medium sellers from Asia. The King Coin Token will be the mandated cryptocurrency, and all the sellers will have to pay it for registering themselves in the King Store. This eradicates all the fraudulent sellers and thereby low-quality products.
We plan to conduct various awareness programs to the sellers in Asia on Overseas Market Research, Eco-Friendly Product Development, Marketing Strategies, Multi-Media Production, Social Media and Public Relationship management, OEM Development, Online Shopping Platform management, Big Data Analytics, Distribution, and Fulfillment Center, Inventory Management, Legal Consultancy, Financial Performance Analysis, Risk Management and much more.
With KCT as the chief currency for all transactions in the King Store, the liquidity keeps increasing. Irrespective of this, other initiatives like distributing free tokens to customers on the purchases made and issuing cash in exchange for KCT coins allow customers to get back to the store often.
The Keystone features of KCT coins
The KCT coin is an ERC-20 token running in the Ethereum blockchain. It plays a vital role in fundraising for the operational costs of the business in the long run. They come along with some keystone features,
Being an ERC-20 token, the KCT can be employed to transfer funds and execute payments in a P2P fashion.
Expected to annex into the list of Bitcoin, Ethereum, Ripple, etc.
K-Chain Tech Inc. plans to launch 2.5 million KCT tokens with the base price of US$ 5.0 each to high-profile member investors and public during the private sale phase. Total amount will be US$ 10 million as the soft cap indicated.
There are Capital Expenses and Operational Expenses below :
CapEx (total budget of US$ 2M) :
OpEx (total budget of US$ 8M for 3 years) :
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You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase KCT from the Website ICO: https://ico.kchaintech.com/register
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once …….... gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information KCT
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!
BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7 DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ
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