Koban Coin (KBC): ICO Review

What is Koban Coin?

Koban Coin is a project that allows for investors to partake in gold mining and cryptocurrency businesses. KBC will be backed by pure gold and will have around 35,000 oz of gold mined. They will be secured for the Koban Coin Tokens through their Partner Mining Company, Kanz Mining Limited in Tanzania.

koban coin icoSo instead of government fiat money that can become inflated, KBC’s token supply isn’t just limited to the one billion KobanCoin tokens, but also to 35,000 oz of pure gold. This means that the system won’t be affected by hackers as its connected to physical assets.

As a result, Koban Coin is impossible to counterfeit, inflate, or manipulate. The token can be used by anyone in the world, to pay any amount. Since these payments are peer to peer payments, they are accepted by other members of the platform. Thus, making Koban Coin a safe project due to blockchain encryption.

Aspects

  • KanzBazar: Koban Coin also has an online retailer store for Gemstones and Precious Metals. The Bazar aims to sell their products lower than the average market price. This means users can get affordable jewelry when trading in KBC token.
  • Account Management: Users can receive a Koban Card that allows them to hold a reserve of fiat and cryptocurrencies. If a user loses their card, they can make a new user key and account. Koban will help them retrieve their account and transfer the balance from the previous wallet.
  • Physical Gold: One thing that stands Koban Coin apart from its competitors is its gold deposits. People who own KBC token will be able to have small physical deposits of gold per token. Approximately, 0.05gm of Pure Gold is rewarded for each KBC token.

Token Information

  • Website: View
  • Whitepaper: Read
  • Fundraising Goal: $5,000,000 (Soft cap) – $25,000,000 (Hard cap)
  • Price: 1 KBC = 0,.05 USD

Bounty0x username: thetechinsiderorg

Positives
  • Business Plan: Koban Coin’s white paper clearly discusses their project plans. It will continue to mine gold until it reaches its hard cap. Once this threshold is reached, it will burn the additional tokens and bounties.
  • Team Experience: Koban Coin’s combines a passion for industry experience, expertise, and has a record in finance, marketing, licensing & development.
  • User Incentives: Users who participate in Koban Coin’s platform, receive tokens to obtain more gold. Thus, they’ll have a hybrid asset using only one exchange.

Negatives
  • Gold Mining: How will Koban Coin receive the 35,000oz of gold in time? Will it be able to reach that amount during project completion?
  • Project Idea: Koban Coin’s project idea is great, but it’s in direct competition with other diamond mining ICOs. This means that the project will have to make their idea more innovative to succeed against its rivals.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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