AMA between Gregory Schmidt, CEO of KiwiGo and Ravy Khek
On May 28th, join us for a unique YouTube live with our CEO Gregory Schmidt and the KiwiGo Ambassador, partner at DBLS law office, and Director SBI Ly Hour Bank, Ravy Khek. They will discuss the future of KiwiGo and how the roadmaps will help the project achieve its goals in emerging markets.
Check it out on youtube: https://www.youtube.com/watch?v=Dk51vXR_clo
About Ravy Khek:
Ravy Khek
Independent Director on the board of SBI Ly Hour Bank Plc.
SBI Ly Hour Bank Plc. is a joint venture of SBI Holdings, Inc. and Neak Oknha Ly Hour.
From 1999 to 2005, SBI was a subsidiary of Softbank Group. SBI Holdings, Inc. (http://www.sbigroup.co.jp) is a listed company on Tokyo Stock Exchange. The Group is globally operating the business in particular segments such as Financial Services, Asset Management, biotechnology-related, and Others. Ly Hour Group is composed of 8 member-companies such as Ly Hour Exchange Co., Ltd, Ly Hour Pawnshop Co., Ltd, Borey Vimean Phnom Penh, Tepi Agro Investment Co., Ltd, SBI LY HOUR Bank Plc., Ly Hour Leasing Plc., Ly Hour Paypro Plc., and Ly Hour Insurance Plc.
At present, he is a Partner at DBLS Law and is the chairman of RGL Equity (Siemreap) Co. Ltd., an associate property development company with Goodland Group (https://www.goodlandgroup.com.sg) listed on SGX-ST.
He was formerly a Deputy Minister (1998 to 2004) at the Ministry of Commerce, Royal Government of Cambodia.
He led and coordinated the set-up of SEZ (Special Economic Zone) with JICA and various institutions. Led the formation of the Cambodian Rice Millers Association. Participated in the negotiations for Cambodia’s integrations into AFTA (ASEAN Free Trade Area) and WTO.
He was an elected President in FFC (Football Federation of Cambodia). During that period, he also served in FIFA (Federation International de Football Association), the AFC (Asian Football Confederation), and the AFF (ASEAN Football Federation).
Between 1985 and 2019, Mr. Khek held important positions including Owner, Chairman, Director, and NonExecutive Director, at various companies in France, Singapore, and Cambodia.
Topic: Introduction to KiwiGo - KGO (Read 106 times)
Where to store your KiwiGo (KGO) tokens?
Now that the KiwiGo token is set up and the plan for the next three years has been released, Kiwigo holders need to know how to store their valuable tokens safely. For that, holders need to understand that the Kiwigo token is based on Binance Smart Chain and needs to be stored on a BSC-compatible wallet.
Binance Smart Chain
Binance Smart Chain is a blockchain that runs in parallel to the Binance Chain, this allows BSC users to get high transaction capacity from Binance Chain and smart contract functionality. BSC also provides space to create DApps and other DeFi products. Lastly, BSC contains an Ethereum Virtual Machine that allows running Ethereum based apps like Metamask.
Wallets
For security purposes, Kiwigo tokens need to be stored on a BSC Wallet to interact with other applications. We strongly suggest storing KGO on Binance Smart Chain Wallet, Metamask, or Trust Wallet. This is a recommendation and you are free to store it on other wallets.
Binance Smart Chain Wallet
Binance Smart Chain Wallet is an extension wallet that you can add to chrome or other browsers. There you can store your KiwiGo and secure your fund using a backup seed phrase to avoid anyone having access to your account.
Metamask
Metamask is an Ethereum Wallet but you can connect it to Binance Smart Chain using a familiar UI. To store KiwiGo on Metamask, you will have to configure your wallet towards Binance Smart Chain nodes. The full guide to configuring Metamask wallet: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
Trust Wallet
Trust Wallet is one of the easiest options to store your KiwiGo tokens, it is available on App Store, Google Play, and Android. You can use DApps like PancakeSwap to connect with Trust Wallet.
Remember: Always write down your seed phrase and NEVER share it with anybody. Without this phrase, your funds can’t be recovered if your device is damaged or lost
Now that the KiwiGo token is set up and the plan for the next three years has been released, Kiwigo holders need to know how to store their valuable tokens safely. For that, holders need to understand that the Kiwigo token is based on Binance Smart Chain and needs to be stored on a BSC-compatible wallet.
Binance Smart Chain
Binance Smart Chain is a blockchain that runs in parallel to the Binance Chain, this allows BSC users to get high transaction capacity from Binance Chain and smart contract functionality. BSC also provides space to create DApps and other DeFi products. Lastly, BSC contains an Ethereum Virtual Machine that allows running Ethereum based apps like Metamask.
Wallets
For security purposes, Kiwigo tokens need to be stored on a BSC Wallet to interact with other applications. We strongly suggest storing KGO on Binance Smart Chain Wallet, Metamask, or Trust Wallet. This is a recommendation and you are free to store it on other wallets.
Binance Smart Chain Wallet
Binance Smart Chain Wallet is an extension wallet that you can add to chrome or other browsers. There you can store your KiwiGo and secure your fund using a backup seed phrase to avoid anyone having access to your account.
Metamask
Metamask is an Ethereum Wallet but you can connect it to Binance Smart Chain using a familiar UI. To store KiwiGo on Metamask, you will have to configure your wallet towards Binance Smart Chain nodes. The full guide to configuring Metamask wallet: https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
Trust Wallet
Trust Wallet is one of the easiest options to store your KiwiGo tokens, it is available on App Store, Google Play, and Android. You can use DApps like PancakeSwap to connect with Trust Wallet.
Remember: Always write down your seed phrase and NEVER share it with anybody. Without this phrase, your funds can’t be recovered if your device is damaged or lost
TOKEN BURN SCHEDULE 2021-2023
Scope and Background
KiwiPay Pte Ltd is a Singaporean company created after the merger of Kiwi Pay Group (Hong Kong) and Meal Temple Group (Australia). The company operates around the globe and is fully compliant in obtaining the necessary payment solution provider licenses in 20+ countries from their respective Central Banks across Africa and Asia.
KiwiGo is a super-app for frontier markets that provides a wide array of services empowering local businesses and individuals in their daily lives, from e-wallet, ride-hailing, food and grocery delivery, last-mile delivery...
As a payment processor, KiwiGo supports 50+ fiat currencies and is integrated with a dozen of commercial banks and the most well-known mobile money providers including Alipay, WeChatPay, Paytm, True Money, OrangeMoney, Airtel, MTN to name a few.
KiwiGo has launched the $KGO to tokenize the way local businesses work in these markets, allowing them to create their own ecosystem and bring their own value and ideas to the local economies. The KiwiGo app and KGO token will be used for payments, loyalty and cashback systems, multiple cryptocurrencies, OTC & Decentralized Exchanges, Logistic Tracking, and Smart Contracts to provide opportunities for every business and individuals living in the most challenging economies.
Context
At its inception, KiwiGo issued 1,000,000,000 KGO tokens on its official launch on 22/02/2021. The KGO token was designed to support a maximum of five decimals. On March 24, 2021, 95% of the supply or 950,000,000 KGO was locked in a dedicated smart contract named Kiwigovault. The Kiwigovault contract has been subsequently audited and deemed true and compliant by the security blockchain auditor Certik.
The proposed burning program involves the KGO tokens once unlocked by the Kiwigovault smart contract and the destruction of KGO tokens every six months to reduce the total supply. The token burning process will be exclusively done using the tokens unlocked by the Kiwigovault based on the following release schedule:
Kiwigovault is designed to release the KGO token supply as follows:
September 2021 - 50,000,000 KGO token will be released
March 2022 - 50,000,000 KGO token will be released
September 2022 - 50,000,000 KGO token will be released
March 2023 - 800,000,000 KGO token will be released
Number of tokens to be burnt:
The KiwiGo team does not intend to flood the market with a large number of KGO tokens. Therefore, every time the Kiwigovault will unlock KGO tokens, 95% or 100% of the supply will be burnt.
The number of tokens to be burnt are as follows:
September 2021: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
March 2022: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
September 2022: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
March 2023: 760,000,000 or 800,000,000 KGO tokens will be burnt
The proof of burn will be communicated at each burning event on KiwiGo’s website and social media accounts.
All the KGO tokens burnt will be stored on the Binance Smart Chain’s dead wallet address: 0x000000000000000000000000000000000000dead
How the number of tokens to be burnt will be decided:
The KiwiGo team intends to burn a minimum of 95% of the total supply locked in the Kiwigovault smart contract. Therefore, the KiwiGo team will create a DAO voting session for its holders to decide whether to burn 95% or 100% of the unlocked tokens.
Before each voting session, KiwiGo’s team will propose a potential action plan and project structure for the remaining 5% of the token: leaving it to the community to decide if those tokens will be burnt or not depending on the popularity of the said project. Those projects could range from direct investments in infrastructure, technologies, startups, or even charity actions. This leaves the door open for new interesting and innovative ideas that might require funds.
DAO voting schedule:
To reduce price volatility before every token burning event, the KiwiGo team will create a DAO voting session three months before each burning event. During the DAO voting, holders will have the opportunity to vote between two options: burning 95% with a project for the remaining 5% or burning 100% of the unlocked tokens.
The DAO voting will be done during the following months:
June 2021
December 2021
June 2022
December 2022
Note: KiwiGo team reserves the right to cancel the DAO voting sessions. This would mean the KiwiGo team has decided to burn 100% of the tokens unlocked by the Kiwigovault.
_______________________________________________________________________________ ___
Burning Tokens
"Burning" a token, refers to sending a usable token to an unusable wallet (dead wallet). The act of burning effectively removes tokens from the available supply, thus increasing its relative scarcity.
The standard Binance Smart Chain’s dead wallet address is: 0x000000000000000000000000000000000000dead
Token decimals
Decimals refer to how divisible a token can be, from 0 (not at all divisible) to 18 (pretty much continuous) and even higher if required. Technically speaking, the decimals value is the number of digits that come after the decimal place when displaying token values on-screen.
DAO
The acronym DAO stands for Decentralized Autonomous Organization. In simple terms, a DAO is an organization that is governed by computer codes and programs. As such, it can function autonomously, without the need for a central authority.
Using smart contracts, a DAO can work with external information and execute commands based on them – all this without any human intervention. A DAO is usually operated by a community of stakeholders incentivized through a token mechanism. The DAO would then provide the token holders voting rights on the project.
Certik
CertiK is a security blockchain auditor that conducts informational security checks on blockchain protocols, wallets, DApps, and smart contracts. CertiK is a partner company of Binance and one of the biggest blockchain security auditors with more than 500 clients, 30 billion dollars, and 400 thousand lines of code secured.
Scope and Background
KiwiPay Pte Ltd is a Singaporean company created after the merger of Kiwi Pay Group (Hong Kong) and Meal Temple Group (Australia). The company operates around the globe and is fully compliant in obtaining the necessary payment solution provider licenses in 20+ countries from their respective Central Banks across Africa and Asia.
KiwiGo is a super-app for frontier markets that provides a wide array of services empowering local businesses and individuals in their daily lives, from e-wallet, ride-hailing, food and grocery delivery, last-mile delivery...
As a payment processor, KiwiGo supports 50+ fiat currencies and is integrated with a dozen of commercial banks and the most well-known mobile money providers including Alipay, WeChatPay, Paytm, True Money, OrangeMoney, Airtel, MTN to name a few.
KiwiGo has launched the $KGO to tokenize the way local businesses work in these markets, allowing them to create their own ecosystem and bring their own value and ideas to the local economies. The KiwiGo app and KGO token will be used for payments, loyalty and cashback systems, multiple cryptocurrencies, OTC & Decentralized Exchanges, Logistic Tracking, and Smart Contracts to provide opportunities for every business and individuals living in the most challenging economies.
Context
At its inception, KiwiGo issued 1,000,000,000 KGO tokens on its official launch on 22/02/2021. The KGO token was designed to support a maximum of five decimals. On March 24, 2021, 95% of the supply or 950,000,000 KGO was locked in a dedicated smart contract named Kiwigovault. The Kiwigovault contract has been subsequently audited and deemed true and compliant by the security blockchain auditor Certik.
The proposed burning program involves the KGO tokens once unlocked by the Kiwigovault smart contract and the destruction of KGO tokens every six months to reduce the total supply. The token burning process will be exclusively done using the tokens unlocked by the Kiwigovault based on the following release schedule:
Kiwigovault is designed to release the KGO token supply as follows:
September 2021 - 50,000,000 KGO token will be released
March 2022 - 50,000,000 KGO token will be released
September 2022 - 50,000,000 KGO token will be released
March 2023 - 800,000,000 KGO token will be released
Number of tokens to be burnt:
The KiwiGo team does not intend to flood the market with a large number of KGO tokens. Therefore, every time the Kiwigovault will unlock KGO tokens, 95% or 100% of the supply will be burnt.
The number of tokens to be burnt are as follows:
September 2021: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
March 2022: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
September 2022: 47,500,000 KGO or 50,000,000 KGO tokens will be burnt
March 2023: 760,000,000 or 800,000,000 KGO tokens will be burnt
The proof of burn will be communicated at each burning event on KiwiGo’s website and social media accounts.
All the KGO tokens burnt will be stored on the Binance Smart Chain’s dead wallet address: 0x000000000000000000000000000000000000dead
How the number of tokens to be burnt will be decided:
The KiwiGo team intends to burn a minimum of 95% of the total supply locked in the Kiwigovault smart contract. Therefore, the KiwiGo team will create a DAO voting session for its holders to decide whether to burn 95% or 100% of the unlocked tokens.
Before each voting session, KiwiGo’s team will propose a potential action plan and project structure for the remaining 5% of the token: leaving it to the community to decide if those tokens will be burnt or not depending on the popularity of the said project. Those projects could range from direct investments in infrastructure, technologies, startups, or even charity actions. This leaves the door open for new interesting and innovative ideas that might require funds.
DAO voting schedule:
To reduce price volatility before every token burning event, the KiwiGo team will create a DAO voting session three months before each burning event. During the DAO voting, holders will have the opportunity to vote between two options: burning 95% with a project for the remaining 5% or burning 100% of the unlocked tokens.
The DAO voting will be done during the following months:
June 2021
December 2021
June 2022
December 2022
Note: KiwiGo team reserves the right to cancel the DAO voting sessions. This would mean the KiwiGo team has decided to burn 100% of the tokens unlocked by the Kiwigovault.
_______________________________________________________________________________ ___
Burning Tokens
"Burning" a token, refers to sending a usable token to an unusable wallet (dead wallet). The act of burning effectively removes tokens from the available supply, thus increasing its relative scarcity.
The standard Binance Smart Chain’s dead wallet address is: 0x000000000000000000000000000000000000dead
Token decimals
Decimals refer to how divisible a token can be, from 0 (not at all divisible) to 18 (pretty much continuous) and even higher if required. Technically speaking, the decimals value is the number of digits that come after the decimal place when displaying token values on-screen.
DAO
The acronym DAO stands for Decentralized Autonomous Organization. In simple terms, a DAO is an organization that is governed by computer codes and programs. As such, it can function autonomously, without the need for a central authority.
Using smart contracts, a DAO can work with external information and execute commands based on them – all this without any human intervention. A DAO is usually operated by a community of stakeholders incentivized through a token mechanism. The DAO would then provide the token holders voting rights on the project.
Certik
CertiK is a security blockchain auditor that conducts informational security checks on blockchain protocols, wallets, DApps, and smart contracts. CertiK is a partner company of Binance and one of the biggest blockchain security auditors with more than 500 clients, 30 billion dollars, and 400 thousand lines of code secured.
KiwiGo has received the audit report of the Kiwigovault contract from CertiK.
More info here:
https://www.certik.org/projects/kiwigo
What is Certik Audit and why is it vital for Kiwigo to operate safely?
Context
Certik is a security blockchain auditor that conducts informational security checks on blockchain protocols, wallets, DApps, and smart contracts. Certik is a partner company of Binance and one of the biggest blockchain security auditors with more than 500 clients, 30 billion dollars, and 400 thousand lines of code secured.
Scope
KiwiGo aims to be the most advanced super app for the frontier markets, based on T.E.S principles, KGO token needs to be socially useful for its users and therefore technologically secure. Smart contracts are part of the Kiwigo ecosystem since they enable payment automation between Kiwigo users and ensure security without the need of a middle man.
Auditing process
Certik auditing process uses Static Analysis and Manual Review techniques to find any issues and vulnerabilities in the source code of KiwiGo’s smart contracts. The auditing process focuses on:
Testing the smart contracts against attack vectors.
Assessing the codebase to ensure compliance with current best practices and industry standards.
Ensuring contract logic meets the specifications and intentions of the client.
Cross-referencing contract structure and implementation against similar smart contracts produced by industry leaders.
Line-by-line manual review of the entire codebase by industry experts.
Cybersecurity
The cryptocurrency market is widely evolving and cybersecurity is more than ever crucial for the well-being of the crypto ecosystem. Cybercriminals are now targeting Bitcoin and other cryptocurrencies to camouflage their illicit activities, this is why Kiwigo’s continual effort to ensure security and safety for its users as well as its investors is the top priority. The initial stage of the Certik audit is vital to prove that KiwiGo ‘s smart contracts are in accordance with security standards and digital agreements are enforced by a secure set of conditional rules that allow users to exchange and swap currencies safely without knowing each other.
More info here:
https://www.certik.org/projects/kiwigo
What is Certik Audit and why is it vital for Kiwigo to operate safely?
Context
Certik is a security blockchain auditor that conducts informational security checks on blockchain protocols, wallets, DApps, and smart contracts. Certik is a partner company of Binance and one of the biggest blockchain security auditors with more than 500 clients, 30 billion dollars, and 400 thousand lines of code secured.
Scope
KiwiGo aims to be the most advanced super app for the frontier markets, based on T.E.S principles, KGO token needs to be socially useful for its users and therefore technologically secure. Smart contracts are part of the Kiwigo ecosystem since they enable payment automation between Kiwigo users and ensure security without the need of a middle man.
Auditing process
Certik auditing process uses Static Analysis and Manual Review techniques to find any issues and vulnerabilities in the source code of KiwiGo’s smart contracts. The auditing process focuses on:
Testing the smart contracts against attack vectors.
Assessing the codebase to ensure compliance with current best practices and industry standards.
Ensuring contract logic meets the specifications and intentions of the client.
Cross-referencing contract structure and implementation against similar smart contracts produced by industry leaders.
Line-by-line manual review of the entire codebase by industry experts.
Cybersecurity
The cryptocurrency market is widely evolving and cybersecurity is more than ever crucial for the well-being of the crypto ecosystem. Cybercriminals are now targeting Bitcoin and other cryptocurrencies to camouflage their illicit activities, this is why Kiwigo’s continual effort to ensure security and safety for its users as well as its investors is the top priority. The initial stage of the Certik audit is vital to prove that KiwiGo ‘s smart contracts are in accordance with security standards and digital agreements are enforced by a secure set of conditional rules that allow users to exchange and swap currencies safely without knowing each other.
Hello Bitcointalk Community,
We just created our Bitcointalk account. Here is some information about KiwiGo (KGO) token.
KiwiGo is a super-app for frontier markets that provides a wide array of services empowering local businesses and individuals in their daily lives, from e-wallet, ride-hailing, food and grocery delivery, last-mile delivery, news aggregator, classifieds to in-app. PoS services, available in more than 20 markets in Africa and Asia.
KiwiGo token KGO is introducing the T.E.S. principle, bringing Technology, Economy and Society together to empower under-represented markets with fast-growing economic opportunities.
Backed by a strong team of entrepreneurs from various businesses in emerging and frontier markets, with a large experience in logistics, fintech, product development, and marketing, the KiwiGo team aims to provide financial inclusion to the unbanked.
KiwiGo is launching KGO to tokenize the way local businesses work in these markets, allowing them to create their own ecosystem and bring their own value and ideas to the local economies. The KiwiGo app and KGO token will be used for loyalty and cashback systems, multiple cryptocurrencies, OTC & Decentralized Exchanges, Logistic Tracking, and Smart Contracts to provide opportunities for every business and individuals living in the most challenging economies.
You may like to have a look at:
Website: https://www.kiwigo.app
Telegram Channel: https://t.me/kgocrypto/
Twitter: https://twitter.com/kgocrypto
Reddit: https://www.reddit.com/r/KiwiGo/
Crunchbase: https://www.crunchbase.com/organization/kiwipay-6fea
What do you think? Let us know
We just created our Bitcointalk account. Here is some information about KiwiGo (KGO) token.
KiwiGo is a super-app for frontier markets that provides a wide array of services empowering local businesses and individuals in their daily lives, from e-wallet, ride-hailing, food and grocery delivery, last-mile delivery, news aggregator, classifieds to in-app. PoS services, available in more than 20 markets in Africa and Asia.
KiwiGo token KGO is introducing the T.E.S. principle, bringing Technology, Economy and Society together to empower under-represented markets with fast-growing economic opportunities.
Backed by a strong team of entrepreneurs from various businesses in emerging and frontier markets, with a large experience in logistics, fintech, product development, and marketing, the KiwiGo team aims to provide financial inclusion to the unbanked.
KiwiGo is launching KGO to tokenize the way local businesses work in these markets, allowing them to create their own ecosystem and bring their own value and ideas to the local economies. The KiwiGo app and KGO token will be used for loyalty and cashback systems, multiple cryptocurrencies, OTC & Decentralized Exchanges, Logistic Tracking, and Smart Contracts to provide opportunities for every business and individuals living in the most challenging economies.
You may like to have a look at:
Website: https://www.kiwigo.app
Telegram Channel: https://t.me/kgocrypto/
Twitter: https://twitter.com/kgocrypto
Reddit: https://www.reddit.com/r/KiwiGo/
Crunchbase: https://www.crunchbase.com/organization/kiwipay-6fea
What do you think? Let us know
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