Just the FAQs
What is Kapow token and what is the advantage of using it?
Kapow token is a cryptocurrency built on the Ethereum/ERC20 protocol. It is a utility coin distributed on the Ethereum blockchain to handle transactions for the comics industry based on our customized Kapow smart contract protocol.
Our goals are to provide a more efficient supply chain solution to eliminate third-party processing fees, secured smart contract transactions, improve economic flow, deal with digital piracy, and create a more enjoyable collectibles environment for everyone.
Furthermore, Kapow tokens will be the only preferred currency accepted by retailers and collectors who support the protocol for its convenience, speed, value, and low costs. With Kapow coin, the end user will be able to do the following:
- P2P transfers: You can easily send Kapow coin to anyone in the world instantly to purchase an item.
- Universally accepted currency: Use Kapow coin across all layers in the ecosystem that support it.
- Liquidity: Buy or sell your Kapow coins through various cryptocurrency exchanges.
- Earn coins: We have innovative marketing and reward systems in place to promote mass adoption in the ecosystem
What is Blockchain?
A blockchain is a transparent digital ledger on a distributed database. The major advantages over traditional supply chain transactions are:
- It records all transactions chronologically and shares it publicly on a secure distributed network of computers.
- Two parties are able to make transactions without the oversight or intermediation of a third party.
- All transactions are immutable, meaning they cannot be altered or deleted.
- Being a decentralized network, blockchain does not have a central point of failure and is better able to withstand malicious attacks.
- Users have complete control over their transactions.
What is the difference between Kapow coin and other coins?
Kapow coin was developed specifically to handle transactions and commercial applications for the comics industry. We’ve customized the fields and terms in the smart-contract protocol to facilitate comics collectibles related transactions. No other coins are designed with this industry-specific protocol in mind.
Why does the industry need its own Blockchain and cryptocurrency?
We want to grow the industry to new heights by implementing a circular economic ecosystem. The blockchain technology is the future of economic efficiencies. The advantages KapowChain provides for the collectibles industry utilizing blockchain are:
- Eliminate third-party fees
- Instant transactions anywhere in the world
- Improve economic flow
- Eliminate chargebacks
- Increase profits
- Added security
- Protect intellectual Properties
- Minimize potential thefts
- Verify ownership
- And more…
Kapow tokens serve to provide a synergistic method of transferring of value. Kapow coins are custom-built to make industry-wide transactions more efficient and cost-effective.
How can I acquire Kapow Coins?
There are several ways to acquire Kapow Coins.
- Though our upcoming pre-sale and ICO where you get the chance to buy them at a drastic discount before they are traded on the exchanges
- After the ICO, you can receive through peer-to-peer transactions with other Kapow coin owners using a ERC-20 wallets
- You can earn coins through our wallet download program where the first x number of users will get FREE coins
- Other incentive programs to help you accumulate the coins
- Or buy them on the exchanges
Where can I store Kapow Coins?
We will develop an exclusive Kapow Wallet in the near future. In the meantime, Kapow Coins can be stored in any ERC-20 compatible wallets. The following wallets are currently known to be compatible with Ethereum tokens (ERC-20 standard):
- MyEtherWallet (no download needed)
- MetaMask (Firefox and Chrome browser addon)
- Mist (Desktop)
- Parity (Desktop)
- Parity + Ledger (Hardware wallet)
- imToken (iPhone)
- imToken (Android)
*** If you plan to participate in our ICO, you must have a wallet to send Ethereum
Where does the value come from and who are you?
Because Kapow Coin is blockchain-based and ERC20 compatible, it can be traded on the exchanges after the ICO for other cryptocurrencies such as Bitcoin or Ethereum and can be converted to fiat currencies. Future value of Kapow coins is determined by the rate of adoption and demands.
KapowChain, LLC is based in Colorado, USA. We are a group of passionate developers, comic collectors, investors, entrepreneurs who have as much love for cryptocurrencies as comic collecting.