Keyrypto, a Dubai-based platform connecting blockchain with e-commerce, has announced its main event starting on April 2, 2018.
The Keyrpto Exchange, the crypto-world’s answer to eBay, has recently announced its main event starting on April 2, 2018. The announcement follows a series of positive signs for Keyrpto, as the retailers look forward to an online marketplace secured by blockchain technology listening.
Keyrpto brings together the integration of blockchain technology with e-commerce, allowing for the first time a true Smart Contract between buyer & seller. Ahead of schedule, Beta version release has paused Keyrpto’s TGE between Pre-Sale and Soft Cap. Now after a successful presale, Keyrpto is positioning itself as the e-commerce solution for transactions using cryptocurrencies. This is timely release with the market ready for a reliable platform which is built on all the proven security benefits of the blockchain.
Based in Dubai, Keyrypto is a new blockchain-based e-commerce platform that allows small businesses to sell their products & services using any major cryptocurrency. Founded by Osama Morad, the platform creates a medium between seller & buyer to exchange products using cryptocurrency, with minimum risk of scams and fraud, by providing full payment protection and by delivering the product or service as a third party mediator. Morad believes that blockchain technology will change the online marketplace and that Keyrpto can become a leader in the e-commerce space as blockchain popularity and use rises.
Starting with a simple idea, Morad saw the potential in a blockchain based e-commerce platform that allowed the buying and selling of products & services against any major cryptocurrency. He sees Keyrpto as the platform for sellers to showcase their products and brand. Online customers will then browse listed products/services and initiate transactions from a seller’s shop front. Keyrpto will act as the medium, holding payment escrow until the customer is satisfied.
The company offers a wide variety of third party integration. Like many of the new e-commerce platforms, Keyrpto is favoring a collaborative approach. However, Keyrpto is taking the approach to a new level and is setting itself apart from the established platforms through increased functionality and transparency. the company looks to achieve the authentic interaction available on niche product website, but with the reach of Amazon.
The native Keyrpto token is the KYT, that will be freely traded on crypto-exchanges. All tokens are created during the TGE period, with the number limited to 1,000,000,000 KYT, and the total number of tokens available for sale is estimated at 510,000,000 KYT. Tokens unsold during the TGE will be burnt. The TGE Soft Cap is 3,000,000 USD with a Hard Cap of 5,100,000 USD.