The KLINX Token is an ERC20 token on the ethereum network. Proceeds from this sale will go towards the development of a truly decentralized, secure and infinitely scalable blockchain.
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When the KLIN blockchain is ready, all KLINX Tokens will be exchangeable for KLINCOIN.
The KLINX Token is an ERC20 Token built on the secured ethereum network.
It also inherits the fully decentralised protocol of the Ethereum network.
KLINCOIN is a revolutionary blockchain using a novel consensus protocol which we call Positional Proof Of Stake (PPoS).
Nodes and transactions are prioritized not only by their stake, but also by their position, or precisely, based on the time they go online or enter the network. In the PPoS protocol, all wallets are treated as nodes, and must confirm 4 pending or previous transactions before submitting own transaction.
The KLINX Token will be sold at a discounted price for the next 90 days.
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This is the estimated timeline for the completion of key project milestones.
Sale of a physical coin wallet for storing and managing multiple cryptocurrencies. Proceeds will go to the development of the KLIN blockchain based on the novel PPoS consensus protocol.
Discounted sale of the KLINX Ether ERC20 Token and multiple listing on exchanges to raise funds and awareness for the further development of the KLIN blockchain.
Completion of the KLIN blockchain core. Completion of the full node software. Both will be built using the Javascript, Node.JS and Electrum programming languages.
Completion of the web based wallet software. Completion of the lite node software. Both will be built using the Javascript, Node.JS and Electrum programming languages.
Lauching the first set of full node clusters and creating the genesis block. Creating a test network to proof the capabilities, security and infinite scalability of the KLIN blockchain.
Placement of KlinCoin's initial coin offering on exchanges, and building a swap service on KlinSwap.com to provide additional liquidity for all supported trading pairs.
Launching of the mainnet and making history with the Proof Of Position & Stake algorithm. Start developing a new framework and protocol for feeless smart contracts on the KLIN blockchain.
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Below is a list of some of our frequently asked questions.
It is a consensus mechanism created to drastically reduce the computing power needed to validate transactions in order to keep the blockchain feeless. With PPoS, wallets and lite nodes handle the bulk of the tasks needed to keep the network secure, hence removing the need for fees as in other blockchains.
The computing resource and stake to run a node in an PPoS blockchain is very low, hence no rewards are given. We believe in this scenario, indivudals can run nodes without the need for rewards, just the way torrent networks operates.
1. Bootstrapping: Wallets have to do first do work on the blockchain before submiting their own transaction for processing.
2. Branching: Splitting the computing resource to produce a block by dividing it into branches and sending to different node clusters for confirmation.
3. Pruning: creating a snapshot every 24 hours to create finality and keeping a separate list of the confirmed balances. Nodes only have to search this list, instead of the full blockchain.
4. Slicing: Splitting the full blockchain data across multiple lite nodes. Again nodes don't have to store the full blockchain, thereby saving storage space.
Nodes and transactions are prioritized based on their position in the blockchain, or time of entry into the network. Also, tasks are assigned to nodes on a next-in-line or positional basis.
It is a physical coin with part of your master seed in it. After activating the coin, you are required to create the scond part of the seed by generating a random of 24 alphanumerical characters. The total seed is used in creating an HD wallet for secure storage
Recovery options are supported.
By buying the KLINX Token or Coin Wallet, you are supporting our missing to build the first truly feeless, decentralized and secure blockchain. Hodlers of the Token or Coin Wallet will receive free KlinCoins based on their holdings when the KLIN blockchain launches.
You can withdraw to your native currencies by converting back to USDT on KlinSwap.com or any supported exchanges, and withdrawing to your bank account using services like Binance and others. Shoot us an email, and we will provide you with trusted exchanges in your country.