KINEKT Terminals

KINEKT Terminals

Created using Figma
Created using Figma
The KINEKT function is to supply the worldwide market-place with a new generation low cost, simple and secure Transaction Terminal, competent of enabling instant transactions forthe ENTIRE worldwide physical points of selling market-place through the use of just ONE terminal instead of many. Our coin called the KINEKT Coin (XKN) and a maximum of 250 Million coins will be created.
ICO
Oct 1, 2018
Dec 31, 2018
100% completed
Raised funds - no Data
Goal 200 000.00 USD
Cap 20 000 000.00 USD
past
  • 1 XKN
    =
    0.16 USD
Pre-sale
Apr 3, 2018
Apr 12, 2018
100% completed
Raised funds - no Data
Goal 200 000.00 USD
Cap 5 000 000.00 USD
past
  • 1 XKN
    =
    0.16 USD
Token Details
Ticker
XKN
Total supply
250000000
Token Distribution
75% - for sale
Accepted Currencies
VARIOUS
Min Contribution
1000
USD
Company Details
Registered Country
South Africa
Bonus Structure
Private Sale - 50%+
Public Sale - 30% - 20% - 10%
Additional Details
Platform
Ethereum ERC20
KYC
Yes
Categories
Charity, Retail, Business services, Internet-technology, Big Data, Artificial Intelligence

About KINEKT Terminals

Cryptocurrency Transactions 
With the significant global growth in popularity of cryptocurrencies, there has been an urgent  need for methods of using these currencies as a means of payment within traditional markets. However, the only means of using cryptocurrency as means of payments to date have been by connecting Visa or Mastercard's to existing Cryptocurrency Wallets (i.e. Bitcoin Wallets), or through the introduction of dedicated Cryptocurrency Terminals or ATM's. Unfortunately these means simply add to a market already fragmented, costly and inefficient. The KINEKT Terminal overcomes this problem by enabling both traditional and cryptocurrency type transactions to processed without exclusion of the other simply by having providers plug into the KINEKT Cloud.
Mobile Wallet Transactions
 Ever since the development and roll-out of NFC there has global efforts by the banking industry, and wallet providers to have merchants upgrade to the latest PCI / EMV compliant terminals in order to give their customers the option to perform contactless payment & related transactions. However, to date the market roll-out and customer participation have been slow due to the high cost to merchants and most of the world still preferring to use either cash or traditional bank cards etc. The KINEKT Terminal overcomes this problem by enabling any mobile wallet providers in the world to simply plug into the KINEKT Cloud in order for their customers to transact at participating merchant points of sale without expensive terminal upgrades being required.
Bank Card Transactions
Banks and card companies are increasingly put under pressure by merchants to offer lower card transaction processing fees for physical point of sale terminals. Unfortunately the design of the bank card payment terminal networks make the reduction of fees difficult due to too many intermediaries involved in processing "pull payment" type transactions between card issuing banks and acquiring banks. However, the most recent global efforts of the banking industry and card companies to introduce direct peer to peer "push payments" for the internet and personal customer to customer transactions, make it possible for KINEKT to extend this feature as a low cost P2B customer to merchant payment means not possible using current bank card terminals.
Loyalty Transactions
 One of the biggest pain points experienced by both merchants and end using customers are the use of separate terminals to process loyalty transactions & bank card payments. This increases cost and forces additional transaction steps onto participants, whilst adding to a fragmented  market etc. This business model also limits the opportunities for merchants and multiple other potential 3rd party service providers to generate extra revenue streams at physical points of sale. However, the agnostic design of the KINEKT Terminal make it possible to include every 3rd party service provider transaction in one seamless step - i.e. managed by Artificial Intelligence automatically selecting a customer's default cards based on choice and the terminal used.
Unbanked Transactions
 There is an estimated 2 billion unbanked and underbanked people in the world not able to benefit from bank card related payment services to purchase goods and services at physical points of sale. This is mostly due to the remote locations of this market, the cost of banking services, and the lack of infrastructure to use card related services such as ATM's and merchant bank card terminals. However, the KINEKT Terminal make it possible for the banking industry,  mobile wallet providers and merchants to gain access to these remote markets by way of its internal GSM connection to the cloud, and Fingerprint reader to identify customer accounts during the transaction process instead of issuing traditional bank cards etc.
Charity Transactions
 The charity donation market is a multi-billion industry rife with inefficiencies, particularly at the physical point of sale. This market segment typically uses physical tins located at merchant points of sale usually benefitting just one charity at the expense of others, whilst the cost of collecting physical small change is up to 90% of the funds raised. However, the independent agnostic nature of the KINEKT Terminal make it possible to perform the function of a "digital tin" capable of automatically or manually collecting small change amounts from the public as part of the normal payment process. Once signed up end-users will have the option to determine how much to donate and which charities, schools or churches to support with their donations.

KINEKT Terminals Roadmap

  • 2018/04/03

  • ICO Pre-sale.
  • 3 April 2018

  • Token Pre-sale
  • 2018/07/02

  • ICO Main-sale.
  • 2 July 2018

  • Token Main-sale
  • Read More
  • 2018/08/01

  • Final MVP Development.
  • 1 August 2018

  • Final MVP Development
  • 2018/10/01

  • Start 3rd Party Participant Sign-ups.
  • 1 October 2018

  • Start 3rd Party Participant Sign-ups
  • 2019/01/01

  • Start Piloting Period.
  • 1 January 2019

  • Start Piloting Period
  • 2019/06/03

  • 1st Commercial Launch.
  • 3 June 2019

  • 1st Commercial Launch
  • 2020/01/01

  • Global Market Expansion.
  • 1 January 2020

  • Global Market Expansion

Activity

Activity:
8
VERY LOW
Posts:
252
MEDIUM
Views:
1 579
LOW
Activity:
364
HIGH
Merit:
105
MEDIUM
Posts:
1 693
VERY HIGH
Views:
11 501
VERY HIGH
Users:
513
VERY HIGH
Followers:
13 523
VERY HIGH
Tweets:
673
VERY HIGH
30 Days Growth:
-89

KINEKT Terminals Materials

KINEKT Terminals Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Angus Pohl
Founder & CEO
unverified
Sumved Shami
CTO
unverified
Mike Nemke
CCO
unverified
Frank Schnur
CMO
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Hannes Ven Rensburg
Adviser: Payment Platform
unverified
Perry Leardi
Adviser: US Banking Industry
unverified

KINEKT Terminals Last News

N/A
5.0 13
ICO Profile Vision Activity Potential Product Team

KINEKT Terminals Reviews

thetechinsider.org
reviews

Summary

Kinekt is the POS payment solution for the future. Nobody will have to worry about carrying around plastic cards or cellular devices to make digital payments. All physical transactions will be made with a simple fingerprint scan and pin entry, no matter where you are in the world. As Kinekt has already developed partnerships with some of the global leaders in sales, they stand a good chance at gaining traction in the next couple of years.

Positives
Kinekt provides blockchain security on each transaction
Kinekt terminals require a simple biometric scan to complete a transaction
All transactions are quickly handled by the Kinekt AI
Kinekt has developed partnerships with global leaders such as WalMart, Costco, MasterCard and SamsungPay
Negatives
It may be a struggle to get both businesses and customers to adopt the new technology at first

Read More
cointrust.com
News, reviews

If this is the type of investment you are looking to make then be aware that the do have a KYC requirement however they are not whitelisting clients, and as such whenever you do wish to make a purchase of their tokens you will be able to do so with relative each and peace of mind of course.

The time scale at which they are going to be going live with their ICO is listed up above and as such you do have a fair amount of time in which to stake your claim for their tokens, but the sooner you do so the sooner you will have secured them.

The business concept does look a sound one and one that does have plenty of merit, and if it is actively taken up by those people who are interested in their offerings and services then there is a long-term appeal to their project too, which is what often makes or breaks any ICO.

Read More
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