Kibo - the smallest Unit recorded on the Kazu blockchain
Over the past few weeks/months at Kazu the above question has been asked and answered time and time again. Acknowledging it needs to be clearly outlined again, even though it has been independently resolved in social media and in the Whitepaper, this article has come to fruitionBefore we begin, we must stress that before asking these kinds of questions (and for proper due diligence) one must consult the Whitepaper. Keeping that in mind, we do take into account that many people “go in head first” and often do not take the time to do the formal research for an informed decision. Kazu wants to make sure that being “for the people by the people” signifies that the “people” understand what owning all their Kazu and Kibo’s (the smallest Kazu unit) symbolises.
Firstly, we have combined a few different aspects. Kazu, with a max supply of 21M, can be used as a ‘Store of Value.’ This is an obvious feature but important in a long term commodity. It can be mined using initially only POW mining. However, once mining difficulty reaches elevated levels we will introduce POS mining. This addition has an added benefit for all our Kazuillionaire community in saving electricity as well as other less prominent components.
On top of the blockchain there will be a commodity pairing platform where users can trade any altcoin. The Commodity Pairing will not have any fees like other “trading platforms” have. Transfer in/out will, in essence, be free of charge (except for the original fee from the transferred currency that we have no control over). Next the UACP is an SaaS (Software as a Service) module, allowing other altcoins to utilize their own internal exchange with theme customization, hosted on their own domain for a monthly fee. We are launching the UACP because nowadays it costs so much to get coins listed on an exchange or to build your own internal exchange. As said before we are “for the people by the people”. We will also have native IOS/ Android applications which will include a multi crypto wallet along with the commodity pairing included. The last portion of ‘Stage 1’ of the project (and the most stringent) is KazuPay, which will be a crypto debit card.
The Future?The project has many future additional features that are being discussed presently. Being a coin created by the people Kazu invites anyone to suggest future features. You never know, it might spawn an airdrop for your contribution.
So now you have it. This is the immediate focus for Kazu taking the project to Q4 of 2019.
We hope you like the first steps and look forward to your feedback.