What Is Kunci Coin (KUNCI)?
Kunci Coin is cryptocurrency project based in Indonesia that starting with BSC and trying to support multi-chains. Right now KunciCoin is a fork of Solana. KunciCoin team trying to build an ecosystem that will support features from the metaverse to NFTs and DeFi.
For your information, they are succesfully launch their own NFT marketplace called KunciNFT and collaborate with top tier Indonesian artists. They are looking forward to expand its collaboration and develop more features in it.
With Indonesia being one of the countries with the highest rate of cryptocurrency adoption in the world, Kunci Coin is geographically well-positioned. Kunci Coin also aim to have better “operational reliability” than other cryptocurrencies and vows to be a very fast and “low-cost” ecosystem. The roadmap has lofty goals like:
- Establishing the Kunci Coin mainnet in Q1 2022.
- Launching the Kunci Coin NFT Marketplace in Q2 2022.
- Launching the Kunci Exchange in Indonesia in Q2-Q3 2022.
- Expanding the business of the mainnet across the Indonesian market in Q3 2022.
- Expanding business across Asia in Q1 2023.
- Expanding business outside Asia in Q3 2023.
Who Are the Founders of Kunci Coin?
Kunci Coin was launched by an Indonesian team headed by Julius Agus Salim, a “visionary and dynamic leader” with allegedly more than 13 years of experience in technology. He is the Executive Chairman of business on the Famindo Group and has led more than 1,500 employees in his career. His partner is the anonymous Joko Crypto, a crypto miner with “years of professional experience” in the space, and currently operating more than 22,000 mining rigs.
What Makes Kunci Coin Unique?
Kunci Coin promises a lot of different use cases.
For example, Kunci Coin will slowly to support crypto mining. Even though its token is a pre-mined token that does not run with a proof-of-work consensus, they are looking a way to integrate cloud mining and incentivize their holders with other chain rewards.
A more realistic use case could be the use of KUNCI in the hospitality and service sectors in Indonesia. Kunci Coin have established a partnership with J Hotel Tanjung Benoa in the South Kuta District in Indonesia already. It also plans to expand into hospitality management and provide travelers with services they can pay for in KUNCI. Also, KunciCoin has already partnering with Artotel Group, that can provide hotels in various places as soon as the integration is ready.
Furthermore, the project wants to expand with its kuncigames.com platform, where players can use KUNCI as an in-game currency. KunciGames is looking for partnerships with local developers of MMORPG titles.
It also targets Funnesia, a digital home application that is to accept KUNCI as a means of payment in the future. Other partners include YUKK Apps, a licensed payment gateway, solar panels that can be paid for in KUNCI, and an Internet of Things platform that is to accept the cryptocurrency.
Kunci also promises an NFT marketplace, a staking platform, partnerships with VR companies, and a Kunci exchange.
How Many Kunci Coin (KUNCI) Coins Are There in Circulation?
KUNCI has a total supply of 100 billion. But they are planning to burn majority of them from time to time, with the following token distribution:
- Private sale for $0.0175 (allocated for 3% of the initial total supply, but only sold 0.08%)
- Staking reward and features development (1.92%) with up to 15%-18% APY
- Marketing activity & partnership (0.5%)
- Features development (0.5%)
- Burned supply allocation (97% from initial supply)
Even tho currently the developer hold almost 89% of all supply in one wallet, KunciCoin team claims that they will solve this issue as soon as possible once everything is ready.
How Is the Kunci Coin Network Secured?
The BNB Chain is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.
Where Can You Buy Kunci Coin (KUNCI)?
They are actually very aggressive in listing plan, targetting 100 exchanges by the end of the year.