KINEKT FAQ's

HOW MANY KINEKT TOKENS (XKN) WILL BE CREATED?


250 Million XKN Tokens.




HOW MANY XKN TOKENS WILL BE FOR SALE DURING THE ICO?


A total of 50% of the 250 Million tokens created will be made available for sale, devided as follows; 5 Million Tokens for the Pre-sale, 45 Million Tones for the Public-sale and 75 Million Tokens for the Private sale. Total for the entire sale = 125 Million Tokens or US$ 25 Million US$ in value.




WHAT HAPPENS TO UNSOLD XKN TOKENS?


Unsold XKN Tokens will be burned.




WHO OWNS XKN TOKENS NOT BEING SOLD AND WHAT WILL HAPPEN TO THEM?


XKN Tokens not offered for sale belong to the KINEKT Company and will either be used to help pay developers and staff bonusses, and / or be sold on exchanges at a rate of 6-12% per annum.




WHO OWNS THE KINEKT COMPANY AND WHERE IS IT LOCATED?


The KINEKT Company is owned by the founder Angus Pohl and private share holders. The company is currently located in South Africa and registered as "KINEKT Terminals SA, registration number: 2017/508882/07.




IS KINEKT A GLOBAL PROJECT?


Yes, KINEKT is a global project starting in South Africa. We plan to establish an International Holding Company soon after the Token Sale in a tax friendly territory such as Singapore, with subsidiary companies created in every country where we operate.




WHEN WILL PURCHASED TOKENS BE AVAILABLE?


Tokens will be distributed to buyers within 30 days after the Main-sale which ends on 31 July 2018.




WHEN CAN THE TOKENS BE TRADED ON EXCHANGES?


Tokens can be traded the moment you receive your tokens.




WHAT IS THE PRICE OF KINEKT (XKN) TOKENS?


The value of KINEKT Tokens will remain fixed during the entire ICO sales period at 0.20 US$ per 1 XKN token.




WHAT ARE THE BONUSES DURING THE TOKEN SALE PERIOD?


XKN TOKEN PRE-SALE: 30% for 10 days. Minimum Buy: 100 US$ XKN TOKEN MAIN-SALE: Deminishing Discount over 30 days starting at 20% for 1st 10 days, then 10% for 2nd 10 days and 5% for last 10 days. Minimum Buy: 100 US$ XKN TOKEN PRIVATE SALE: 50%+ for 92 days. Minumum Buy: 100,000 USD




ARE THERE ADDITIONAL BONUSES?


Yes, all token buyers will receive an additional 50% bonus if they hold on to their tokens for 12 months!




HOW IS THE KINEKT TERMINAL DIFFERENT TO OTHER TERMINALS?


Current bank card related terminals can to do just one type of transaction at a time, for example either a loyalty or payment transaction. The KINEKT Terminal can process MULTIPLE different types of transactions at a time (including cryptocurrencies, loyalty, charity etc) using just a FINGERPRINT + PIN. Additionally cryptocurrency terminals in the market such as PundiX can only process cryptocurrencies such as Bitcoin or Ethereum, is more expensive and require customers to have a smartphone or card available to be processed.





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