KIBIS serves as a quick, dependable, and safe gateway to financial services whenever needed. This multifaceted initiative involves advanced blockchain technology, user-friendly self-service kiosks, cryptocurrency mining operations, and diverse revenue channels from advertising. The KIBIS coin is instrumental in decentralizing transaction processes, facilitating instant payments, and executing orderbook matchings through the KIBIS e-wallet system. Users can effortlessly manage transactions via KIBIS's convenient kiosks.
The dedicated KIBIS team has been working synergistically for six years, accumulating expertise in IT infrastructure and service payment sectors.
Payment Services for the Unbanked
One significant upside of KIBIS is providing assistance to two billion unbanked individuals globally, enabling them to access modern payment services. It also opens doors for companies to engage in creative advertising ventures.
With KIBIS, everyday users will find it much more convenient to use the thousands of accessible self-payment kiosks spread worldwide.
Additionally, KIBIS leverages cutting-edge blockchain technologies and utilizes affordable power for cryptocurrency mining.
KIBIS Kiosks
KIBIS's expansive network aims to deploy thousands of strategically placed kiosks across various international locations, including those in Saudi Arabia, Oman, Bahrain, the UK, Kazakhstan, Azerbaijan, Russia, Georgia, the UAE, Kyrgyzstan, Turkmenistan, Kuwait, and Uzbekistan.
KIBIS Kiosk Services
The KIBIS kiosks allow users to handle various transactions such as paying for TV subscriptions, mobile top-ups, airline tickets, and utility bills. They also support charitable donations and online gaming purchases, featuring cryptocurrency gift cards from prominent exchanges and access to over 2,000 services.
Rollout plans include launching kiosks in five countries: UAE, Saudi Arabia, Bahrain, Oman, Kuwait. In other regions, mining setups will be integrated into existing partner kiosk networks.
Each kiosk will feature a top screen equipped with an LED display suitable for advertisers, making it a smart investment due to the high footfall. This advertising avenue will help fund KIBIS's operations. Additionally, KIBIS's understanding of audience demographics will enhance advertising collaborations.
Partnerships for Kiosk Payments
KIBIS aims to maximize the usefulness of its kiosks by forging partnerships with numerous companies. This allows customers of these companies to use KIBIS kiosks for payments. To date, they've partnered with over 500 mobile operators in 140 countries, including renowned brands like AT&T, Virgin, Telecom, O2, and Vodafone.
KIBIS has also formed collaborations with several charitable organizations in various regions, assuring users that their donations via kiosks go directly to their chosen causes.
The available TV and cable services for payments at KIBIS kiosks are region-specific but consistently cover prominent subscription services like Amazon Prime and Netflix. For online gaming, acquired vouchers can be redeemed on platforms such as Xbox Live, PlayStation Network, and Steam Wallets.
Collaborations extend to utility service providers and airlines. Various gift cards, including Google Play and iTunes, are available in code form on receipts.
KIBIS Mining
KIBIS will implement top-tier liquid-cooled mining equipment at both new and existing kiosks located in areas with low electricity expenses to enhance revenue. The mining activities contribute an additional revenue stream, ultimately reducing service costs for KIBIS end users.
How Does KIBIS Use the Blockchain?
The KIBIS token is pivotal for facilitating kiosk-based transactions. The team plans to explore several applications for the token that transcend current limitations of the Ethereum mainnet.
KIBIS could either form strategic alliances or establish a bespoke sidechain linked to the mainchain using a relay system—trusted or trustless. This strategy allows the network to remain scalable while maintaining asset ownership and transferability for users.
Off-chain procedures will process transactions through KIBIS's Virtual Private Lane Service (VPLS), involving a SHA1 + RSA electronic signature for each transaction. Packets are cleared only if equipment codes align with the saved server codes, safeguarding against key theft and invalid payments.
KIBIS Coin & Token Sale
The public presale of KIBIS started on Dec. 10, accessible to whitelisted participants with a soft cap of $40 million and an ambitious hard cap of $400 million. The minimum investment of $200 is purchasable using Bitcoin, Tether, Ethereum, and Bitcoin Cash. The ICO runs from Dec. 25 till Feb. 8, 2019, with any unsold tokens to be burned, amplifying circulating supply value.
Distribution of KIBIS tokens designates 56% for rewards, 28% for public sale, with remaining percentages divided among founders, advisors, and reserves.
KIBIS Coin Holder Rewards
Participants in the initial KIBIS coin offering have the option to hold their purchases in the KIBIS e-Wallet, resulting in earning reward tokens over a 36-month period, starting from 12 months with periodic intervals. Each KIBIS coin translates into 2 reward tokens over the full term, a perk exclusive to ICO investors.
Conclusion
KIBIS is establishing a global network of self-service kiosks that offer enhanced service access for users worldwide, touching everything from financial services to a variety of other useful functions. The project benefits from a blockchain base, generating revenue streams from advert sales and cryptocurrency mining.
