Topic: [ANN] KOWALA mUSD Mining Tokens ...Mint Your Own Stablecoin....Bonuses Available (Read 162 times)

KOWALA SALE IS LIVE - Participate today!

Mint your own money with mUSD!

Check it out here =>https://www.kowala.tech/sale/

INTRODUCTION:

The Kowala Protocol is a family of algorithmic stable-value cryptocurrencies designed to keep parity with fiat currencies or other assets as described in The Kowala Protocol: A Family of Distributed, Self-Regulating, Asset-Tracking Cryptocurrencies.

Website: https://www.kowala.tech
Git HUB: https://github.com/kowala-tech
Protocol Development Visualization: https://s3.amazonaws.com/releases.kowala.tech/kowala-kcoin-development-history.mp4/gource-audio.mp4
Whitepaper: https://www.kowala.tech/pdf/kowala-protocol-white-paper.pdf

mUSD Sale Page: https://www.kowala.tech/sale/

KOWALA SOLUTION:

Kowala has developed a dual token blockchain and payments platform that aims to provide global access to stable currencies and financial tools.

- Financial Service Providers a scalable, fast alternative to the established payment/transfer networks
- Merchants a less expensive way to accept payments
- Consumers a stable, secure digital currency
- Underbanked - 1.7 Billion people don’t have access to basic financial services or stable and secure units of account

Consumers and businesses alike count on currency to remain stable from one day to the next for use as a unit of exchange, to purchase goods, and to store value. Kowala is a new foundation for payments and transfers serving as a unit of account, a store of value, and a medium of exchange.

PROJECT OVERVIEW:

- Founded in 2016 and grown to a globally distributed team of 16 people
- Bootstrapped and raised seed equity in 2017 of $600,000
- Sold $3.5M worth of mUSD tokens in a limited pre-sale
- kUSD blockchain alpha mainnet launched with Kowala's Tendermint derived Konsensus mechanism
- The core of our technology is open-source and is actively being developed on GitHub
- Independent blockchains based on Ethereum’s Go client
- Fast-finality (1 second confirmations)
- On-chain dynamic validator set management (registry/in-protocol penalties) via genesis smart contracts
- Established key relationships with exchanges, payment providers and wallets including Exrates, RightBTC, Coinpayments, and Ledger.

KOWALA PROTOCOL:

The Kowala Protocol defines a method for constructing a family of distributed, self-
regulating, asset-tracking cryptocurrencies called kCoins.

Each kCoin is designed to be traded on open exchanges and to maintain a close to one-
to-one value relative to any widely traded asset such as a currency (USD, EUR, JPY, etc.)
or other asset. Each kCoin will be identified by a symbol consisting of the letter k followed
by the symbol of the underlying asset. For example, the kCoin of USD is kUSD, that of
EUR is kEUR, and so forth.

kCoins will constantly gather market information from publicly available sources and
regulate their value through three core mechanisms: minting variable amounts of coins,
applying variable fees, and obtaining feedback from an active and well-informed trading
market. These mechanisms are designed to return, over time, each kCoin to parity with its
underlying, tracked asset. Anticipation of a kCoin’s eventual return to parity, in turn, has
the potential to create pure arbitrage opportunities for traders seeking to profit from slight
fluctuations in kCoin market prices.

We chose the codebase of the Go Ethereum client 3 as the starting point for the
development of kCoins in order to access both Ethereum’s strong feature set (especially
its sophisticated smart contract facilities) and the collective abilities and ongoing efforts of
its development team. On top of this foundation, each kCoin is designed to include the
value stabilization and market observation features described above. Finally, in an effort
to achieve ultra-fast transaction processing performance, we have replaced the Ethereum
consensus mechanism with Konsensus, an implementation of Practical Byzantine Fault
Tolerance (PBFT) derived from Tendermint. Because every kCoin will need a robust
exchange market to function properly, each kCoin will be implemented as a distinct,
independent blockchain with its own tokens, smart contracts, mining community, etc.

KEY COMPONENTS OF THE KOWALA PROTOCOL:

At the center of the Kowala Protocol are three stability-related mechanisms that are
designed to keep the market price of kUSD at or very near $1.

- Stability Mechanism 1: Minting Algorithm below describes how a variable
amount of newly minted coins will be used to push the market price of kUSD toward the
target of $1 when necessary.

- Stability Mechanism 2: Stability Fee describes how, in the scenario in which
the market price of kUSD is below $1 and a low minted amount is not sufficient to return it
to $1, a special, variable fee will be applied to each subsequent transaction until the
market price begins to rise.

- Stability Mechanism 3: Trading Activity describes how traders, informed by
the previous two mechanisms and motivated by a desire for profit, are incentivized to
engage in trading activity that should accelerate the return of the market price of kUSD to
$1.

kUSD Blockchain is the First Kowala Protocol Stablecoin

kUSD is the digital currency designed to target the stable value of 1 USD

Minting kUSD requires owning mUSD (the mining token)

Kowala will create a total of 1,073,741,824 mUSD tokens. mUSD holders can earn newly minted kUSD created by the blockchain as the demand for kUSD increases. In addition, mUSD holders can also earn the transaction fees included in a mined block.

Participate in our current SALE here =>>https://www.kowala.tech/sale/

JOIN OUR COMMUNITY:

Visit us at Telegram and get in touch. You can also tweet at us or follow us on Facebook & Medium

Telegram: https://t.me/kowala_news

Twitter: https://twitter.com/kowalaTech

Facebook: https://www.facebook.com/kowalatech

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

Website: https://kowala.tech