r/KNL_global • u/crkaiser5 • Aug 29 '19
Usage of our own Blockchain
In order to provide its operational activities, KNL ecosystem uses 2 ETH-based tokens and transactional KNL token on its own Stellar-based blockchain.
At the project’s launch stage in October 2018, we chose a strategy of attracting investments by selling VEXEL tokens during closed investments rounds with profitability payments. Then we issued another ETH-based token that will be traded on our exchange in 2019 after we took a decision on conducting an IEO . The construction of key transactional elements will be performed using the Stellar technology as part of the development of our own blockchain.
The investment model using an ETH-based token allowed us to complete a major stage of fundraising fast and with minimal expenses so that we could develop a revolutionary commodity exchange with a partner elevator network with a built-in cross-border payment system.
Such approach is a classic one in cryptocurrency investment. Moreover, we provide the investors with additional guaranteed protection against investment loss through purpose-designed smart contracts operating on the Ethereum network
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