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CryptoKami 1.75/5 (1) - Generation Blockchain Infrastructure for Global Financial Services

The simple and serious answer is that the team behind CryptoKami is comprised of individuals and organizations with a wealth of experience, creativity, and financial literacy. Like the people and organizations that built up Bitcoin and Ethereum, they know and deeply understand the secrets of money, and the rule of supply and demand impacting the value of money growth behind the global economy. Therefore, they built the CryptoKami platform that provided a third-generation blockchain system and financial ecosystem and provided a staggering amount of not more than 210 million KAMI Tokens to meet third parties’ and end users’ needs. Additionally, the CryptoKami platform for third party...

Token sale ended

1.8
Hype2.0
Security1.0
Team1.0
Vision3.0
  • Token: KAMI
  • Price: 1 USD= from 0.61 to 0.45 KAMI
  • PreICO start: 20 Mar 2018
  • PreICO end: 5 Apr 2018
  • ICO start: 20 Apr 2018
  • ICO end: 20 May 2018
  • Country: Japan
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The simple and serious answer is that the team behind CryptoKami is comprised of individuals and organizations with a wealth of experience, creativity, and financial literacy. Like the people and organizations that built up Bitcoin and Ethereum, they know and deeply understand the secrets of money, and the rule of supply and demand impacting the value of money growth behind the global economy. Therefore, they built the CryptoKami platform that provided a third-generation blockchain system and financial ecosystem and provided a staggering amount of not more than 210 million KAMI Tokens to meet third parties’ and end users’ needs. Additionally, the CryptoKami platform for third party financial services implements the ICO on it through the use of KAMI Tokens and must comply with the Compulsory Reserves Mechanism on the principle of decentralized agreements to always ensure the system’s liquidity, thereby providing strong protections for third parties and end users. The CryptoKami platform operates like the US Federal Reserve (FED) by regulating the SUPPLY and DEMAND of KAMI tokens via a Compulsory Reserve Mechanism based on the Comreme Algorithm (CryptoKami’s invention) through the Regulatory Contract (CryptoKami’s invention) for financial third parties operating on it, like the FED regulates the supply of money to commercial banks. The central bank model that regulates the SUPPLY and DEMAND of cryptocurrency is combined with financial ecosystems that have serial needs for KAMI tokens.

Regulations trigger disruption and innovation

The term RegTech has emerged to characterize innovation and emerging technology focused on solving complex regulatory challenges, enabling smarter regulation, and reducing complexity in existing regulation and compliance. There are many aspects to these activities, such as automation, data and analytics, machine learning and AI, and blockchain and cyber to name but a few. Historically, regulation was seen as a barrier to entry into Financial Services. The requirements were complex, burdensome and difficult for small, new organizations to adopt. Now we see the reverse. Many incumbents are hampered by complex processes and governance they have built up around risk and regulation, and many have also developed a significant degree of risk aversion given some of the headline-grabbing issues of the last decade. Therefore, it is surprising to find innovation influencing this area. There is a growing body of complex regulations such as Basel, Dodd-Frank, Comprehensive Capital Analysis and Review (CCAR), General Data Protection Regulation (GDPR), Markets in Financial Instruments Directive (MiFID), and the Revised Payment Service Directive (PSD2), among others, that lend themselves to solutions that can leverage technology. These regulatory hurdles can cost the world’s largest banks up to US$4 billion per annum, as many of the processes to address them are still manual. In line with this, survey respondents indicated that regulations in the digital identity authentication and anti-monetary laundering/’know your client’ (AML/KYC) spaces were strong barriers to innovation (see table below). This is due to the complex and time-consuming nature of managing detailed customer information in a global setting with constantly evolving rules and regulations. Within the DeNovo platform, we currently follow over 230 startups that help financial institutions manage their regulatory and compliance processes. These companies’ funding has increased at a CAGR of 44% over the last four years with cumulative investment at US$1.4 billion. More relevant trends include

1) the automation of regulatory and compliance processes, typically utilizing AI and machine learning, and

2) increased automation of customer identification processes (e.g., KYC/AML) to reduce fraud and improve client interactions.

Regulators are also looking at ways to leverage new technology and analytics to better manage systemic risk and large amounts of data. By accumulating large amounts of data, they can analyze and assess the market and set the landscape for innovation while ensuring that they evolve. The use of blockchains is also a specific area of interest for regulators given the native ‘regulatory capabilities’ that are embedded in the technology. Transactions can be validated on the fly rather than monitored by intermediaries after the fact. We are going to see the deployment of increasingly more sophisticated technology that can monitor, capture, and analyze a broad set of data, behaviors, and activity. These are likely to ultimately provide a more comprehensive and efficient approach to regulation and risk management, although there may be some speed bumps along the way.

 

https://youtu.be/fGaYzIXXyD8

Team

Partners & Investors

Milestones

  • 2017
    Analysis of the blockchain industry. R&D of the global economy based on blockchain infrastructure. Study of blockchain of Ethereum, Iota, Cardano, Ripple, Stellar, Neo, IBM, Microsoft, Oracle. Choose Cardano open source as a base. Two inventions of CryptoKami were born — the Compulsory Reserve Mechanism based on the Comreme Algorithm through the Regulatory Contract. Development of the system concept and architecture of third blockchain of CryptoKami. Develop a web platform for users and third-party project owners. Development of Web wallet for receiving investments to our ICO in cryptocurrencies (BTC, ETH, BCH). DDOS attack + security protection. Complete Whitepaper.
  • January 2018
    Begin developing CryptoKami Blockchain Network version 1.0. Build CryptoKami’s developer community. Find sponsor. Complete website, landing page.
  • February 2018
    Web wallet complete. Promotion and bounty program. Build CryptoKami’s investor community. Start crowdsale (ICO).
  • March 2018
    ICO close. Test-net launch.
  • April 2018
    List on Coin Directory — Coinmarketcap/List on cryptocurrency exchanges (e.g., Cryptopia, YoBit, Gate.io, Kucoin.com, Livecoin). Launch CryptoKami Blockchain Network 1.0 Beta (KAMI Blockchain Explorer). Start KAMI Staking.
  • May 2018
    End user can invest in financial third party that launches ICOs on CryptoKami. Go live “Blue chip” Coins Futures Contract Trading Exchange under Compulsory Reserve Mechanism based on the Comreme Algorithm through the Regulatory Contract. Mass marketing campaigns. iOS/Android wallet launch.
  • June 2018
    Desktop wallet launch. Development of SDK for iOS/Android. Application for iOS/Android. List on Main Public Exchanges (e.g., HitBTC, Bittrex, Liqui)
  • August 2018
    Begin development of CryptoKami Blockchain Network version 2.0. Go live with Cross-chain crypto Exchange under Compulsory Reserve Mechanism based on Comreme Algorithm through the Regulatory Contract.
  • September 2018
    Issuance of Visa/MasterCard cards for cryptocurrency payments. Complete API + SDK + Docs for third party financial institutions.
  • October 2018
    Mass marketing campaigns. Mass media campaigns.
  • December 2018
    List on different exchange. Go Beta banking services for end users.
  • January 2019
    Run banking services under Compulsory Reserve Mechanism based on Comreme Algorithm through the Regulatory Contract. Cryptocurrency deposits. Cryptocurrency repo credit.
  • February 2019
    Cross-Chain payment Crypto-Fiat payment CryptoKami 2.0 Beta.
  • March 2019
    Official CryptoKami 2.0 Launching. Mass media campaigns. Mass marketing campaigns.

Token

  • Platform: Ethereum
  • Price: 1 USD= from 0.61 to 0.45 KAMI
  • Accepting: BTC, ETH, BCH
  • Token distribution: 52% - For mining 21% - Crowdsale 12% - Reserve 5% - Bounty 5% - Team 5% - Investors
  • Soft cap: 45,000,000 KAMI
  • Hard cap: 210,000,000 KAMI

Proof Points
1/5

Legal entity

CryptoKami LTD is written to be registered in Cyprus. No information were found at Cyprus and international portals

Prehistory of project

No prehistory of project were found

Product or its MVP

App, SDK and API are not developed at the moment, no MVP were found

Blockchain experience

No team showed, blockchain experience cannot be found

Escrow

No escrow information were found

Comments

Update: 02.03.2018

Media

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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