KrakenToken | KKN | 40 % ICO | Cryptonote Tech | Zero Premine





What is KrakenToken?
KrakenToken (KKN) is the near complete outcome of a group of 4 mid-aged developers looking to further anonymise cryptocoin transactions and change the way people look at cryptocurrency, we have successfully managed to integrate cryptonote blank basecoin side-loaded into the KrakenToken frame, what does this mean? pure anonymity.. Cryptonote is a solid proven anon transaction method using ring signatures, proven to be unsurpassed and unrivaled in the current crypto world. We are in testing stage and have completed our first few successful transactions, absolute success, after 4 months of vigorous coding, testing and many endless nights trying to perfect the art of anonymous transactions, we are finally here, 90% complete. While this is all just a project now, in actual fact the project is near complete, we have decided to hold an initial coin offering (ICO) as a fair distribution method to release the initial KrakenTokens (coins). Below is a further schedule on other functions of KrakenToken which expect to get released shortly after launch, including a core marketplace.

KrakenTokens main function is to provide the community with a  fully anonymous marketplace without any additional software, it works in a similar way to syscoins anon marketplace except the coin wallet itself has been coded in PHP, and just point any browser to localhost after the initial package install, and all marketplace aspects are stored offline (design, buttons, sections) but all the items for sale are stored on the blockchain. This is a completely new concept, im here to deliver, im not about to promise a whole bunch of false promises and then fail to deliver, one step at a time. At this current stage launch is still scheduled for ICO end date, all going to plan.

What will the ICO fund?
The final stages of development will be funded by the ICO, while we are all dedicated to work for the team without funding, unfortunately we only possess coding skills, so hiring is a must for widespread success and adoption, we plan to hire 3 new team members, a permanent public relations representative, a graphic designer, and a funds manager to allocate the BTC as necessary.

How long will the ICO run for?
We will run the initial ICO for a complete 7 days, capping the maximum BTC amount raised at 110BTC, We are not greedy people or trying to raise a huge absorbent amount of BTC irrelevantly to fund Bahamas holidays, we are simply raising a small amount of BTC to fund core development of KrakenToken. remaining coins will be destroyed.

When does the ICO finish?
KrakenToken ICO will run until 8pm PST 29th August 2014

How long after the ICO ends will the project be released?
We are gearing up for launch on the final day of the ICO, at this stage, launch will be the 29th of August. We expect to deliver on this date, at this stage we are completely ahead of schedule.


How can invest in the KrakenToken ICO?
At this stage we are still in progress with setting up a KrakenToken website, so bitcoin deposits are being taken manually and on a person by person basis

You will need to inbox myself with your transaction ID, and BTC amount sent, upon confirmation you will receive a receipt.

BTC Address: 1Agtf82n4T27WYcmAejkTCyLayDnVYCuUi

Please make sure you either PM me here, or email me at dsaraceno81@gmail.com with your BTC amount+ transaction ID, and i will issue you a reciept with conversion to amount of krakentoken coins purchased. Coins will be delivered via email keypair or wallet.dat, at your choice.

Currently we only accept BTC, but upon request we can accommodate you in other digital currencies.

A puplic ledger will be announced once funds start coming in, and updated on a daily basis.


What price can i purchase KrakenToken for?
stage 1 will be 2700 (0.00002700) satoshis, Which at launch is the equivalent of buying in at a $71,000 USD market cap, we have had much discussion about this, whilst 3 out of 4 of the team have decided its a perfect price, one of the team members agrees the price is too low. we have decided to keep at at this rate, as a good return for investors is a must. Plus with the investor incentive program i plan on rolling out shortly after launch, will give huge incentive for ICO investors not to dump on the market at x10 prices.

First Stage (day1-3): 2700sats
Second Stage(day 4-7): 3200sats

4million coins total for the ICO stage.

25k coins = 0.675 BTC @ stage 1 prices
25k coins = 0.8 BTC @ stage 2 prices

Are refunds of the ICO allowed?
During the ICO phase, all BTC will be final, after the ICO is over, if the project is unsuccessful, meaning a failure to launch with complete services on launch date, a complete refund will be issued in full. Basically If KrakenToken fails to launch, i offer a full 100% refund on ICO investment, no tricks or fancy terms and conditions.


What will happen with the unsold ICO Coins?
They will be publicly destroyed, by sending them to the richest dogecoin address.

How will remaining Tokens be allocated?
Through Proof Of Stake, Staking is integrated in the KrakenToken wallet. Tokens can be staked at a rate of 15% annually, to provide incentive to hold coins to protect investors. There will also be other huge incentives to hold larger amounts of tokens, but these incentives will be released on launch day.


Further plans for KrakenToken?
After initial launch, once everything is running to perfection, we plan to release a few core functions of KrakenToken within the first month, what are these core functions? we are 60% complete in creating the backbone of a fully anonymous marketplace core, which is not a in-wallet marketplace, its just the core backbone, which enables other people to develop a script which runs through the krakentoken backbone, enabling people to buy and sell products with a vast amount of functions and options, and of course, as transactions run through the cryptonote sideloader, creating a fully anonymous decentralized marketplace, what does this mean? it means your KrakenTokens are sought after, as they will be used to purchased items, this also means markets cannot be simply taken down or removed.

the others remain private until we are 100% sure they can be integrated, we are not here to spread false hopes, at this stage the marketplace as almost complete and definitely to be a core function.

What is the KrakenToken Investors Program?
Its basically a set of rules and rewards to give huge incentives for KrakenToken investors to hold onto the tokens, in order to prevent dumps and price crashes after the initial increase on launch. however further details on these incentives will be released @ launch.


Who?
We plan on being fully transparent with every aspect of this project, in order to do this, i will announce the current team members
Developer | Daniel Saraceno (myself)
Developer | James Atwell (dworgy3)
Developer | Benson Weiss (as himself)
Developer | Cassandra Hemmings (blondzcode)

further team members will be made transparent upon employment.

Will you do a Proof of Developer?
Yes, we are currently in the proccess of contacting cryptoasian to get a Proof of Developer (POD) but as you know he is a busy person, updates shortly.



Technical
PoW coins: 10 million
PoS Interest: 11%
Block time: 60 seconds
PoW Algorithm: X11
Premine: 0%
IPO: 40%