K-Chain Token is a cryptocurrency launched by K-Chain Tech Ltd. as a part of their mission of creating an ecommerce platform backed by blockchain technology to redeem the ecommerce industry from the shortcomings it faces today.
K-Chain Tech Ltd. puts forward King Store as its ecommerce platform that will be built using blockchain technology. It is anticipated to storm the customers exclusively with sustainable products from Asia. Enlisting sustainable products is explicitly an act of environmental concern by K-Chain Tech Ltd.
As an added benefit to K-Chain Tech Ltd's environmental concern, a study by CGS states that a paramount crowd of western buyers prefer sustainable goods over unsustainable goods. It also states that they are ready to pay an extra premium of 25% higher than the base price for a sustainable product.
Although there is a huge demand for sustainable products, the supply still does not match up to the needs. K-Chain strategizes to leverage this demand for their success.
Shortcomings faced By Ecommerce Platforms And K-Chain's Solution
The ecommerce platforms use third-party payment gateways like net banking, credit/debit card, P2P transactions, etc. But studies say these kinds of transactions are susceptible to a failure rate of upto 12%. In the King Store, all payments are made in KCTs, making it a failure-proof transaction. Also escalating the liquidity of KCT.
The ecommerce platforms blindly place their trust in the sellers, but this is not reciprocated. Nearly 30% of the products are returned as they are defective or misplaced. Whereas King Store intends to effectively control the SMB members as KCT will be deployed as the primary currency and thereby commencing them to comply with the regulatory policies.
The shipping costs are so high in most of the ecommerce platforms. This is also because of numerous hidden costs. King Store aims to set up a logistics and distribution centre with local shipping partners reducing the cost and also a speedy delivery.
KCT will be the functional currency of the King Store, and also, every SMB member will have to pay in KCT in order to register themselves with King Store. This both skyrockets the value of KCT and also extends its liquidity. With a definite plan, KCT will join the list of the most prominent cryptocurrencies like Bitcoin, Ethereum, Ripple, etc., in a very short span of time. Moreover KCT can be transferred to money, used similar to P2P transactions, can be exchanged with other prominent crypto currencies.
The ICO of KCT has already begun and has been receiving a great response as investors have already recognized the potential of KCT. The ICO sale of KCT comes along with various benefits like a 100% bonus on every purchase made and a 15% referral bonus. The clock is ticking, get your hands on some KCTs soon before the ICO sales end.
Check the link https://ico.kchaintech.com/register to purchase KCTs.