Home Ico Review High Risk Ico Knabu Ico Review : Fiat Infrastructure for the Decentralised Economy

Knabu Ico Review : Fiat Infrastructure for the Decentralised Economy

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About Knabu 

Knabu Fiat Infrastructure for the Decentralised Economy. Pre-Sale open now! Please sign up to find out more.They are a Distributed Ledger Technology (DLT) company based in London. The token platform is designed to enable credible token projects to launch with easy to use tools while incentivising good behaviour. They have also started bank authorisation process to be a utility bank. It is designed to use DLT to support the cryptoeconomy.

Basic Information

Token NameExbega
Token Symbol===
Social MediaKnabu Ico Review : Fiat Infrastructure for the Decentralised Economy
Price====
LanguageEnglish
CountryUnspecified
Restriction
No Restriction
Soft CAp====
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Aim

Knabu aim is great outcomes for new and underserved businesses. This means greater access, greater efficiencies, better value and faster settlement transaction times. Unfortunately, today’s mainstream financial services infrastructure is slow and customer costs are high. Yet, the Bitcoin Blockchain Network is a proven P2P system, designed to remove the costly inefficiencies of having a centralised trusted third party.

Problem

Mainstream banking does not satisfactorily service blockchain companies and other segments (e.g. hybrids, remittance, gaming or SMEs).
• These companies do not have access to banking in the UK, and access is also problematic worldwide
• Blockchain companies need banking access in order to push forward their innovations
• Where banking is available, there are no optimal, far less, DLT engineered solutions.

Utility Banking

  • They are a DLT company based in London
  • They have started bank authorisation process to solve the problem of denial of bank accounts to blockchain businesses
  • Knabu are building a Utility Bank from scratch & engineering it to leverage DLT, alternative to SWIFT
  • They want to drive the deconomy with new products and services.

Solution

They will provide Utility Banking i.e. (Deposit & Payment facilities) Mainstream banking does not satisfactorily service blockchain companies and other segments (e.g. hybrids, remittance, gaming or SMEs).
• These companies do not have access to banking in the UK, and access is also problematic worldwide
• Blockchain companies need banking access in order to push forward their innovations
• Where banking is available, there are no optimal, far less, DLT engineered solutions For blockchain companies and the crypto economy they will offer.

Token

This token sale is a Spend-All Second Price Dutch Auction. It works by finding a “price” by the end of the auction so that all KBU available for sale are happily sold. The auction sets a high starting provisional price which is lowered during the auction period in a predefined schedule. The auction period is 9 months. The total distribution available for sale is 750 million tokens out of the total 1 billion KBU. This includes tokens purchased by early adopters who are rewarded with early bird discounts and counted as part of the auction.

Use Of Proceeds

All proceeds of the token distribution will be used for our business. The majority of funds will be used toward capitalizing the bank and building the products and services they will offer. They reserve the right to set up the bank as a separate legal entity due to regulatory and governance requirements. In this event, the bank will be part of our group of companies.

Token Driven Development

  • Knabu are developing a springboard for credible token projects
  • The TDD DApp is designed to incentive good actors & reward quality projects
  • By enabling them, we help optimise value & information transfer
  • The built-in technology allows projects to be supported by KYC’d crypto enthusiasts who can participate in the project’s journey.

Video

Team
Member

GABRIELLE PATRICK CEO

BARRY MACMAHON CTO

IAN GRIGG ADVISOR

ROD ASHLEY ADVISOR

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 16 Nov 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid Much Lossing Online.

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Vernahttps://coinworldstory.com
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 4100+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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