Africa's Super Computer:
What is KOY Network and how does it operate?
Koy Network can also be called Africa's Super computer. Today, I am going to discuss this platform and all the benefits that will follow with being a part of the community. Firstly, KOY is a distributed financial infrastructure that has exceptional speed and capabilities. It is a super-efficient Blockchain and is built to house payment providers and digital money service providers in Africa. Businesses and Individual Companies can affiliate with the Network to deploy their projects onto the Network. The project founders are working closely with the governments in the continent and have also met regulations set by the Governments.
KOY Network's Aim and Objectives
Traditional banking method can be very tiring and extremely slow meaning that in most cases, transactions do take a longer time to be processed and completed. On the other hand, the cost of intermediaries is on the high-side and as a result of this, majority of people won't get to have access to their funds. KOY is here to eliminate the stress and as well transform digital economy positively in Africa. With the digital money apps on the platform, the young generation will have access to their finance with ease. Identification problem will also no longer be a challenge anymore as measures have been taken to make sure the platform is secured.
How Powerful Is KOY Blockchain?
On the KOY Blockchain, transactions have no-fees because companies are charged to be on the system. The Blockchain can run 40,000 (TPS) transactions per second. KOY platform has a native cryptocurrency called $KOYN, an intermediary that works on the background allowing fewer pairs and increase in liquidity and the token will be used to redefine how liquidity efficiency works. Due to the fact that KOY Blockchain is the newest on the list of Antelope supported Blockchains, early access members can now join their Antelope Access Fair sale where you can swap your $EOS, $TLOS and $WAX for $KOYN tokens on the official KOY Telegram. The token is expected to be listed on a major exchange by next year January. HODLers of the token can stake for a duration of 4 years for long-term investment, while Early Access is a duration of 6 months to earn rewards.
Tokenomics:
The fixed supply is 1 billion $KOYN tokens, Sale supply is expected to be 50 million $KOYN tokens while I.E.O (Initial Exchange Offering) is expected to be 350 million and another 350 million $KOYN token reward for stakers on top of the revenues from staking. KOY Network will follow mobile money regulations by Central Bank I.e legal compliance in the African Nations and also meet regulators for Standard organization complaince. The Network will also help hosts in securing licencing. Business owners who own a mobile money, logistics or digital service platform can pay to be on the KOY platform. It's time for Africa to enter into a fresh and productive financial landscape.
Feel free to Read the KOY whitepaper on the official website:
