Klimatas Coin – When UN Sustainable Development Goals meets the Blockchain Technology

Project Reviews / 03.02.2019

In the ever-expanding world of cryptocurrencies, it is almost impossible to turn a page on a relevant site and not read about yet another cryptocurrency venture that aims to revolutionize its target segment. We have recently discovered Klimatas, a new and innovative project centered on bridging the gap between the blockchain technology and investors involved in sustainable projects.

How is Klimatas Going to Make an Impact?

Klimatas, headed by three enthusiastic entrepreneurs with both technical and ambitious backgrounds, follows The Sustainable Development Goals drafted by the United Nations and adopted by all United Nations Member States in 2015, to fight poverty and hunger, water availability, and topics such as energy and climate change. In drafting these development goals, the United Nations worked together with nongovernmental organizations, international trade associations, employee representatives, scientists, policymakers, and industry.

There’s no secret that today more than 821 million people are suffering from chronic hunger3 billion people are living on less than $2.50 a day, while an estimated 1.3 billion are living in extreme poverty, making do with $1.25 or less daily. We do not have to get into more details; Google’s simple search will provide you with sufficient information. The good part is that more and more people are getting involved in changing and preventing that, and it is even more encouraging to see blockchain-based cryptocurrency projects taking on this niche market. Undoubtedly, this will be a tough journey, but blockchain technology and digital currencies will bring more transparency to these fields; even Binance has started a blockchain-based charity foundation to help the less fortunate.

Having said that, Klimatas was born out of the sheer passion for ensuring that projects’ sustainable development goals are met while making the transition smoother and cheaper. The team believes that investors can make a profit by investing in innovative projects that, in the long run, will aid sustainable development goals. Their Whitepaper covers the basics and is detailed enough to share relevant information about the project’s goals and vision and the solutions they are going to implement to reach them – even though the team is less than one week on the market. The whitepaper is the first impression of any project. It is a big differentiator between professionals and noobs. The team seems to know that they have taken on a big market with a lot of responsibility.

Let us see some of the key features of the first phase of the Klimatas Project.

Solar fields/farms – Self-sustaining buildings

Some of their areas of interest are solar energy research and solar fields/farms. Klimatas team is planning to make this part of their project available for their investors as soon as possible. The team is engaged in finding the best projects that offer cheaper and efficient ways to enable the solar technologies to work perfectly while also researching on new ways to utilize them; the solar fields will be used, for instance, to powerhouses, business enterprises, and a wide variety of areas.

Investors will be allowed to invest via the Klimatas platform with KTS coin. Moreover, the team will provide investors with a specific project briefing to help them decide which project best suits their needs. This will also increase their KTS Coin use case.

Education – Study Platform

The team is planning to make certain packages available for educational purposes, which will allow students to have access to a vast collection of information that concerns the use of SDG (sustainable development goals) technologies and how they work. Klimates Education packages will be the first released in the Netherlands; such initiatives are welcome and supported by the Dutch government (Ministry of Education, culture, and science).

The team is already working towards creating an online study platform that will contain a vast variety of information that concerns SDG projects, compiled from universities and companies alike.

3D Printers

Another key area Klimatas is working on is 3D printing. They will create a platform where people can order and purchase a variety of 3D printed items and give users the option to order specific 3D printable items of their own choice. Even more surprisingly, the team plans to open physical shops, where people can easily walk in, use the 3D printers, and see the machines at work firsthand. Moreover, they want to build strong partnerships with universities and colleges to use 3D facilities free.

Industrial solutions: 3D printers are one of our time’s biggest innovations, and Klimatas intends to use these 3D machines for industrial purposes, too, such as car parts, housing, buildings, etc…

Health care solutions – Klimatas also plans to use 3D printers to source health care facilities like 3D printed prosthetic and experimental printing. They already have a team of professionals in this field, and they are working on partnerships with different businesses in the health care area.

SDG Partnership

Klimatas understood that SDG based projects are complex and require an adequate workforce, not just the monetary aspect. Therefore, they are keen on creating partnerships with government organizations, companies alike, and nonprofit organizations such as universities and charity to work together to benefit humanity.

Team, Community & Social Media – The team is an essential aspect to access a project. A credible and transparent team goes a long way in establishing trust and builds confidence for long-term investments. Klimatas project makes no exceptions, you can check out their team on the website, and each member’s names are publicly available.

Community & Social Media – Communicating with the community can give you many indications about a project. A good project has a loyal and informed community. Klimatas Project is at an early stage, but it has already been exhibiting organic growth and gradually building up a loyal follower base. The team is mainly focusing on Discord and Telegram, while other social media platforms like Twitter or Bitcointalk are gradually gaining momentum. The engagement levels on social platforms are quite interactive and exhibit growth trends. You can check out the platforms by clicking on the links. As their project is evolving, it is expected that they will expand their social media spread and leverage more other platforms like Reddit, YouTube, Medium, etc.

Pre-sale

A legit project will always have a clearly defined roadmap for coin release and distribution. KTS team scores well here, too; Klimatas pre-sale is a well-defined system to allow the team to raise funds to carry out their activities. The funds will be used to develop their ecosystem (project-specific features) and marketing campaigns. The pre-sale has just started on 30th January 2019 and will last until 40 Masternode are sold or February 28th, whichever comes first.

Pre-sales details:

  • 40.000 KTS (40 Masternode) to be sold
  • Price per Masternode (1000 KTS) is 2 BTC
  • Investors get 1001 KTS. The 1 KTS is to make the collateral transaction
  • Coins can also be sold separately, in smaller batches

KLIMATAS Coin – KTS

KTS Coin will be the primary form of investing in SDG projects through the Klimatas Platform. The team planned to have a coin with a real use case to speed up the SDG Project funding and increase transparency by using the blockchain technology. KTS coin is an open-source, blockchain-based Proof of Stake decentralized cryptocurrency, designed to be fast yet simple to use. Moreover, to further strengthen the network, the team adopted the POS consensus algorithm with Masternode integrated.

Masternode & POS Rewards: New KTS coins are minted by running your own collateral Masternode, holding it in one of the official wallets, or by using any of the third parties masternode & staking services that the team is planning to collaborate with once pre-sale finishes. The reward structure is based on the blocks generated by the network participants, and you can check them live any time via KTS Block Explorer. The reward is generated in the form of KTS coins; the ratio of masternode: POS stands at 8:2 while the current ROI for masternode stands at 9246%, according to Masternodes Online. Obviously, this is expected to lower as more users join their network, and block mining difficulty increases. Early adopters and investors surely end up gaining more.

Check out the image below for KTS Coin Tech Specs and POS rewards:

Block Rewards

Closing Thoughts

The team seems to be taking their role seriously, and, to me, it is very encouraging to meet people that are working hard to help our society. We really need to work towards a more sustainable world for the benefits of humanity. Their roadmap is paved with great development goals, which the KTS community is likely to appreciate.

Overall, the project scores well on the technical aspects, reward outputs, identifying a niche opportunity by launching a good product.

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Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.