What is KingMoney? KingMoney (KIM) is a cryptocurrency project launched to drive value transfer in the network marketing industry. In this article, as Kriptokoin.com, we have answered the questions such as what is KingMoney, what it offers, what is KIM, what is it for, how to get it. Let’s take a look at this cryptocurrency that serves network marketers together.
What is KingMoney?
Launched on August 1, 2019, KingMoney is a project focused on the network marketing industry. In this context, the project has released a Blockchain and a cryptocurrency. The cryptocurrency ecosystem aims to solve the money transfer problem in the network marketing industry. This cryptocurrency was basically created as a Bitcoin fork. Therefore, it uses the Proof-of-Work consensus mechanism like BTC. However, many factors such as mining time are extremely different from Bitcoin.
What does KingMoney offer?
KingMoney’s origin is the same as Bitcoin, except for changes optimized for use in the network marketing industry. These changes include a number of factors, such as reducing the time required to create a new block to three minutes. Accordingly, the KingMoney platform calculates the network processing power every three days. It also equates the supply reduction period to approximately one year. This means a change every 175,000 blocks.
The decrease in supply from year to year causes the cryptocurrency to become more deflationary. This is also a good factor for the price. The fewer KIM tokens on the market, the more valuable the asset will be. However, KingMoney claims to be a more secure network than Bitcoin. Accordingly, Blockchain is more resistant to 51% attacks than BTC. Additionally, the asset has a protection model not found in BTC to prevent abuse of the network due to ASIC mining.
What is WHO? What does it do?
KIM is short for KingMoney cryptocurrency. Users can mine with KIM and transfer funds for network marketing purposes. Assets transferred with KIM are transferred extremely quickly. Thus, there are no business disruptions due to time. However, users can earn passive income by mining with this cryptocurrency. KIM works with the Proof-of-Work consensus mechanism. Also, the rewards are high, although the mining time is two minutes.
What is KingMoney? How to get WHO?
KingMoney is currently only traded on the HitBTC exchange. Interested investors should access this cryptocurrency exchange and then follow the steps to become a member. After doing this, they are required to deposit an asset in their wallet that is suitable for KIM pairs. Thus, they can buy the token by placing a purchase order for KIM coin on the relevant parity.
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