Klimatas Coin – When UN Sustainable Development Goals meets the Blockchain Technology
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. Just recently, we have discovered Klimatas, which is a new and innovative project, centered at 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, in order 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 hunger, 3 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 in to more details; a simple search on Google on the matter 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 too. Undoubtedly, this will be a tough journey, but blockchain technology and digital currencies will bring in 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 sheer passion to ensure 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, on the long run, will aid the sustainable development goals. Their Whitepaper covers the basics and is detailed enough to share relevant information about the goals and vision of the project, as well as the solutions they are going to implement to reach them – even though the team is less than one week on the market. Whitepaper is the first impression of any project, it is a big differentiator between professionals and noobs, and 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 first phase of Klimats Project.
Solar fields/farms – Self-sustaining buildings
Some of their areas of interest is the 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 power houses, business enterprises, and a wide variety of areas.
Investors will be given the opportunity 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 first release in 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 concern SDG projects, compiled from universities and companies alike.
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, as well as giving users the option to order specific 3D printable items of their own choice. Even more surprisingly, the team is planning to open physical shops too, where people can easily walk in, make use of the 3D printers, and see the machines at work first hand. Moreover, they want to build strong partnerships with universities and colleges to enable them to use 3D facilities free.
Industrial solutions: 3D printers are one of the biggest innovations of our time and Klimatas indents to use these 3D machines for industrial purpose too, such as car parts, housing, buildings, etc…
Health care solutions – Klimatas also plans to use 3D printers to source out health care facilities like 3D printed prosthetic, as well as the 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.
Klimatas understood that SDG based projects are complex and require adequate manpower, 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 for the benefit of humanity.
Team, Community & Social Media – The team is a very important 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 the names of each member is publicly available. To increase even further the credibility to their project, even though they have been on the market for a few days, the team has already been KYD Verified (a blockchain-based project that acts as a bridge between projects and investors).
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 the 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, is expected that they will expand their social media spread and leverage more other platforms like Reddit, YouTube, Medium etc.
A legit project will always have a clear defined roadmap for coin release and distribution. KTS team scores well here too; Klimatas pre-sale is a well-defined system in order 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 start on 30th January 2019 and will last until 40 Masternode are sold or February 28th, whichever comes first.
- 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 to SDG projects through Klimatas Platform. The team planned to have a coin with a real use case to speed up the SDG Project funding and bring in more 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 strengthen even further 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 Eplorer. The reward is generated in 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 come lower as more users will join their network and block mining difficulty increase. Early adopters and investors surely end up gaining more.
Check out the image below for KTS Coin Tech Specs and POS rewards:
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 KTS community are likely to appreciate.
Overall, the project scores well on the technical aspects, reward outputs, identifying a niche opportunity by launching a good product.