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Author Topic: [KOBO] Kobocoin - An African peer to peer payment/micropayment system  (Read 104994 times)
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TheTribesman
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January 11, 2015, 04:07:24 AM
 #1





Launched: 7th February, 2015


Coin Specifications:

- Name of Coin : Kobocoin
- Ticker Symbol : KOBO
- Max number of kobocoins : 350,000,000
- Algo: X15/PoW/PoS
- Timings of block (in seconds) : 60
- Coins per Block  : 1,000
- Block number when PoW end  : 43,200 (ended 25th February, 2015)
- Approx number of coins in circulation after PoW end : 23,500,000
- PoS Reward (currency growth) per year : ~10%
- Max stake age : No max
- Min stake age : 24 hrs
- 50 confirmations required for mined blocks
- 6 confirmations required for transactions
- No IPO, No ICO, No Premine

Exchanges:
- Cryptopia
- CoinExchange
- NovaExchange
- YoBit

Block Explorers:
- CryptoID
- Kobocoin Abe I
- Kobocoin Abe II

KOBO Faucet:
- Kobocoin Faucet

Mobile Wallets - v2.1.2:
- Trade in over 150 supported Global Currencies, including BTC!
- KOBO, MANILLA, and COWRIE denominations built-in, and available
- Micro-Transaction ready




Click here to download the Android wallet from Google Play Store
Click here to download the Android wallet from Amazon App Store
Click here to download the BlackBerryOS wallet from BlackBerry World


Desktop Wallets and Source Code - v2.1.0.3:

- Full Windows Installer
- Unbreakable Private Messaging (address to address using our custom built sidechain)
- Globally dispersed dns seeders ensure a robust network
- Dns seeders hardcoded into all wallets guaranteeing network connections (no need to fight with silly conf files!)
- QR support


*Windows users, please use Firefox to download your wallet*
Click here to download the WINDOWS wallet (full Installer)
Click here to download the WINDOWS wallet binaries/zipfile (no installer)
Click here to download the MAC OSX wallet
Click here to download the LINUX wallet (requires libboost 1.55)
Click here to download the Source Code

Sample kobocoin.conf (for advanced users and hairy masochists):
Code:
daemon=1
server=1
listen=1
rpcallowip=local
rpcallowip=127.0.0.1
rpcuser=yourname
rpcpassword=yourpassword
rpcport=yourchosenport
addnode=144.76.71.141
addnode=184.164.129.202
addnode=188.134.72.213
addnode=188.163.104.108
addnode=188.163.105.160
addnode=212.7.208.116
addnode=217.175.119.125
addnode=222.42.14.4
addnode=222.42.14.42
addnode=24.60.193.40
addnode=31.185.246.115
addnode=73.8.92.80
addnode=80.192.5.209
addnode=82.229.201.131

Blockchain Bootstrap (speed up the initial sync of the blockchain):
Kiklo's Bootstrap.dat & Blockchain Snapshot for Proof of Stake Coins

Information:
Website : http://kobocoin.com (mobile site also available)
Block Explorer : https://chainz.cryptoid.info/kobo/
Github : https://github.com/kobocoin/Kobocoin
Facebook : https://www.facebook.com/profile.php?id=100008756653638
Twitter : https://twitter.com/kobocoindev
Reddit : http://www.reddit.com/r/Kobocoin/
Dev : Felix Ugoji : https://uk.linkedin.com/in/fugoji/ : https://twitter.com/fugoji

This thread is self moderated (no swearing or bad language).

Kobocoin In The News:
29th July, 2015 - Changing Africa Remittance With Kobocoin
15th March, 2016 - Dood Reviews Coinwallet.co Tipbot and POS Pool


Kobocoin - A Use Case for a Mobile Peer-to-Peer African Cryptocurrency

Payments and money transfers using mobile phones is an everyday occurrence on the continent of Africa. The money transfer market alone (money sent back to Africa) is worth $82bn per year. There are already existing services offering money transfer and mobile payment options. It is already possible in Africa to buy goods from your local market using your phone. Western nations are far behind when it comes to person-to-person mobile interactions on the ground. Kobocoin is not entering into a virgin market. We will be fighting to establish kobocoin as a viable alternative to currently existing services.



The vision is that, with kobocoins, people will be able to pay for goods and services, person-to-person, using desktops or mobile wallets and QR codes, or other mobile or online methods, as well as being able to cash out to the local fiat currency (if required). Family abroad will be able to quickly and anonymously transfer money back home, or to each other, worldwide. Using kobocoins, they will also be able to purchase goods online as with other cryptocurrencies.

Kobocoin is the solution for the unbanked. There is no requirement to belong to any network provider, or bank, to use kobocoins as is the case with some of the other services.  There is no need to register personal details or have a financial or credit history of any kind to use kobocoins. On the ground, all that will be needed is a phone with a kobocoin wallet or multi-wallet that supports kobocoins. There's also the added benefit of the generous rewards for becoming a stakeholder by virtue of using the currency.

We're hoping these benefits will help us gain some traction in the market.

Articles:
1. https://hbr.org/2014/09/mobile-money-is-driving-africas-cashless-future/
2. http://blogs.wsj.com/frontiers/2014/09/03/mobile-money-the-battle-for-africa/
3. http://www.pcworld.com/article/2682772/kenya-takes-lead-in-booming-african-mobile-money-market.html


The Structure and Denominations of Kobocoin

One of the concerns expressed about cryptocurrencies is the way the subdivisions are defined. Some people find them confusing and at first glance it seems hard to grasp. To address this, a scheme has been devised to make the kobocoin subdivisions more recognisable and hopefully easier to read and use.

The kobocoin currency structure comprises of four denominations:

- Kobocoin
- Manilla
- Cowrie
- Mansa

The relationship between the denominations is as follows:  

100 Mansa = 1 Cowrie
1000 Cowrie = 1 Manilla
1000 Manilla = 1 Kobocoin

So, for example, if the sum of 17.35924514 kobocoins is transferred to another person (or organization), the sum is broken down as follows:

17.35924514 kobocoins becomes:

17 Kobocoin
359 Manilla
245 Cowrie
14 Mansa

Using the scheme, it breaks down and becomes the digital equivalent of change in your pocket. So, in practice, some goods may trade mainly in kobocoins, some may trade mainly in manilla, other items may trade in cowrie, and if kobocoins ever do gain mainstream acceptance, and the currency grows, then mansas may one day be used. The wishlist for a new wallet includes this breakdown in a user friendly interactive UI.


The names of the denominations were chosen for the following reasons:

Kobocoin
The kobo is the smallest unit of the Nigerian Naira. As the Naira has devalued since the 1970's, the kobo's value has diminished. It is now rarely used on the ground as it's value is negligible. Even so, it still holds an iconic place in Nigeria.

Manilla
A medium of exchange that was prevalent in West Africa. Originally worn around the ankles of West African women to display the wealth of their husbands, this form of West African currency also became known as "slave trade money" after the Europeans started using them to acquire slaves for the slave trade.

Cowrie
A medium of exchange that was once commonly used in West Africa and many parts of the world.

Mansa
The smallest unit of the kobocoin currency supported by the blockchain. Named in homage to the illustrious Mansa Musa http://en.wikipedia.org/wiki/Musa_I_of_Mali

The expectation is that manilla, cowrie, and mansa will not be used in the early stages of the currency's growth as the value of 1 kobocoin will probably be sufficiently low that these subdivisions will not have any real value or meaning. If, in the future, kobocoin does gain acceptance and grow, then these subdivisions will become useful.


Next steps

The first thing I have to point out is that I am not a technical dev. I did not write the code for kobocoin. I did however build the Abe Explorer, Android and Blackberry wallets and Javascript Libraries. I am a Technical Consultant by profession with over 20 years experience. I can code, but not to the level of proficiency needed to be one the industries true hero crypto dev (so I'm afraid there's no technological advancements bundled with kobocoin). I'm a community member with a vision of usage and I've paid to have certain things done properly. I'm still learning the finer details of the technology and I'm sure this will be a steep learning curve.

1. Start CoinsSource verification process http://www.coinssource.com/trust-index-verification/ - Completed
2. Agree launch date and launch schedule. - Completed
4. Speak with exchanges about the possibility of listings for launch. - Completed
5. Kobocoin code (github), Block Explorer, Linux wallet, Windows wallet, OSX (Mac) wallet, Android wallet - Completed
6. Launch Kobocoin (PoW mining begins) - Completed
6. Android/iOS wallets (still in development). - Android, BlackBerryOS completed. iOS under review.
7. PoS - Completed

Social media, traditional media, and other means will be used (social media is already being used) to raise awareness of kobocoin, the Kobocoin blockchain, and the benefits of it as a peer to peer platform.

We have already started working to partner with complementary technology providers (e.g. multi-wallets, POS providers) to gain visibility and make headway in the sector. We'll also be knocking on the door of existing services to make purchasing, using, and redeeming kobocoins as easy as possible.

We're very aware of the regulatory hurdles we're about to encounter. We won't be the first people to encounter these hurdles and we're ready to seek advice, learn the ropes, and do what it takes to keep moving forward.


Bounties

All bounties will be listed on the kobocoin website under the 'Tech' tab. Bounties will be paid in a dollar amount of BTC, LTC or DOGE. If there is an available bounty, please contact us direct on info@kobocoin.com or dev@kobocoin.com.

If a member develops something that is not on the bounties list, that takes the community forward, we will do our best to make sure that member is rewarded. We will try and make sure that no effort goes unrewarded.


Mission Statement

The altcoin boom is sometimes berated because of the feral nature of the industry at this stage in it's development. We believe that the boom has accelerated progress in the industry far beyond the expectations of even the most militant of critics. A new digital landscape is emerging, but beyond the currencies lies the untapped possibilities of the blockchain itself. This is where we believe the real revolution will take place.

We hope to be a part of the coming revolution, and also to offer bespoke services and solutions to the people of West Africa (and the entire continent) based on the emerging blockchain technologies.



Please visit kobocoin.com to see how we've positioned the brand.

tl;dr Roll Eyes?
New coin. African.

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January 11, 2015, 04:10:59 AM
 #2

hmmmm

Sounds interesting actually, I'll chip a pool in @ POW launch if interest is there.

suprnova pools - reliable mining pools - #suprnova on freenet
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January 11, 2015, 04:13:41 AM
 #3

hmmmm

Sounds interesting actually, I'll chip a pool in @ POW launch if interest is there.
Thanks!

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January 11, 2015, 07:06:45 AM
 #4

dev, POW start time, set the countdown, thank you!

X       ▄▄█████████▄▄
    ▄██▀▀         ▀▀██▄
  ▄██▀              ▀██▄
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.flixxo    X▄████████████████████▄
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X[[]]X
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January 11, 2015, 09:59:40 AM
 #5

Countdown?
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January 11, 2015, 10:15:58 AM
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i dont quite get it but it surely looks intresting waiting for launch Smiley
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January 11, 2015, 10:33:57 AM
 #7

dev, POW start time, set the countdown, thank you!
Will do, but I want to start the certify process. The countdown timer is ready. It can be placed on the website at any time. Once I find out how long the certify process takes, we'll get a date agreed and I'll put the timer on the site.

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January 11, 2015, 10:37:11 AM
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Kobocoin nice name, I wish you success Smiley

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January 11, 2015, 10:41:51 AM
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dev, POW start time, set the countdown, thank you!
Will do, but I want to start the certify process. The countdown timer is ready. It can be placed on the website at any time. Once I find out how long the certify process takes, we'll get a date agreed and I'll put the timer on the site.

17.35924514 kobocoins becomes:
17 Kobocoin
359 Manilla
245 Cowrie
14 Mansa
how exactly will this work ? is this what my wallet is gonna show instead of 17.35924514 kobocoins ? and what happends if i send my kobo to an exchange , for example bittrex?
also , could you give an estimated launch time? launching within 24h , 48h , 48-100h etc so i dont have to sit and refresh this every 10 minute Tongue
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January 11, 2015, 12:19:37 PM
 #10

i dont quite get it but it surely looks intresting waiting for launch Smiley
It's probably best to show you some examples of existing services:

Vodafone M-pesa is the best known brand in the sector we're hoping to entering
https://www.mpesa.in/portal/

This is Ecobank Mobile Money
http://www.ecobank.com/mobileMoney.aspx

Orange is also trying to enter the market
http://www.ft.com/cms/s/0/71481c3e-3dc8-11e4-b782-00144feabdc0.html



Articles:
1. https://hbr.org/2014/09/mobile-money-is-driving-africas-cashless-future/
2. http://blogs.wsj.com/frontiers/2014/09/03/mobile-money-the-battle-for-africa/
3. http://www.pcworld.com/article/2682772/kenya-takes-lead-in-booming-african-mobile-money-market.html

Hope that helps

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January 11, 2015, 12:25:24 PM
 #11

dev, POW start time, set the countdown, thank you!
Will do, but I want to start the certify process. The countdown timer is ready. It can be placed on the website at any time. Once I find out how long the certify process takes, we'll get a date agreed and I'll put the timer on the site.

17.35924514 kobocoins becomes:
17 Kobocoin
359 Manilla
245 Cowrie
14 Mansa
how exactly will this work ? is this what my wallet is gonna show instead of 17.35924514 kobocoins ? and what happends if i send my kobo to an exchange , for example bittrex?
also , could you give an estimated launch time? launching within 24h , 48h , 48-100h etc so i dont have to sit and refresh this every 10 minute Tongue
It's a way of breaking down what you have in your wallet but it may take time to develop the wallet front end to show this. Hopefully any user seeing any amount of kobocoins in the existing wallets will be able to know how much they have in each denomination with a quick glance.

No need to refresh your screen. This launch is not going to happen 'all of a sudden'. A future (well publicized) date will be set once I know how long the certification process will take, and have started the process. At launch, all code and all desktop wallets will be available.

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January 11, 2015, 12:27:22 PM
 #12

Sounds nice. Wish you good luck and not to leave the project in 2 weeks. Wink

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January 11, 2015, 12:28:28 PM
 #13

Sounds nice. Wish you good luck and not to leave the project in 2 weeks. Wink

Thank you. I'm not going anywhere. This is for the long haul.
 Cheesy

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January 11, 2015, 12:32:38 PM
 #14

Kobocoin nice name, I wish you success Smiley

Thank you

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January 11, 2015, 11:30:41 PM
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Zetacoin story all over ? ^^
this is getting old! reallll old!
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January 12, 2015, 12:20:31 AM
 #16

Zetacoin story all over ? ^^
this is getting old! reallll old!
I can half see why you say that, but kobocoin is not a community project in that way. Our aim is to be a high technology organization producing cutting edge solutions for an emerging economy.

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January 13, 2015, 02:41:59 AM
 #17

The following items have now been built (and tested):

1. Source Code
2. Linux and Windows wallets

Still to be built:

1. Block Explorer
2. Mac wallet
3. Android wallet (may not be ready for launch but should be ready for start of PoS)

I'm in touch with the guys at CryptoCertify regarding certification, but the certification process itself has not yet started. Once certification has started and I know how long it takes I can get on with arranging a launch date. I'm aiming for the launch to take place late this month or early Feb.

Saturday 31/01/2014 at 23:50 GMT (or 07:00 GMT) looks promising but this is only if all prerequisites for launch have been fulfilled.


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January 14, 2015, 01:49:11 AM
 #18



https://btcpool.exchange/home/voting


SO GO THERE AND GET YOUR VOTE ON!!
Thanks!

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January 14, 2015, 10:24:42 AM
 #19

I've decided to go for the CoinsSource verification process. http://www.coinssource.com/trust-index-verification/

I'm in touch with the CoinsSource team now so should start the process soon.

Once the block explorer and Mac wallets are built and tested I'll put the countdown timer on the website (after finally confirming launch date/time).

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January 14, 2015, 10:32:19 AM
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Will be watching this. looks actually interesting. Good luck!
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