Thank you for your strong support towards KatalystCoin— we are very heartened and humbled! Today we have specially compiled the top 5 frequently asked questions for KatalystCoin.
So here they are–
Question #1: “I thought Katalyst ICO ended in February, 2018? Why are we having another ICO in July?”
Our first round of ICO has ended 15 Feb 2018 and we thank you for your strong support!
After the round in February we have been working really hard to implement the Katalyst Exchange. At the same time, we have been implementing the Proof of Loyalty.
This is on top of us also forking a major blockchain platform!
We acknowledge that most current blockchain projects are focusing on building a better tool like a hammer (like ethereum, waves, EOS, Qtum, Tron, etc).
Our thoughts are that eventually we have to use the hammer to build something that can be directly enjoyed by people.
Like a chair!
Katalyst supporters who have read our whitepaper know that we are experts at designing business models. Financial innovation is one of our strength, and this expertise in designing business model will undoubtedly be an asset as we design the Tokenomics of future coin releases.
This would mean that while blockchain technology (think of it as a hammer) would remain an important focus –as the blockchain methodology needs to be improved for implementing various tokenomic model–we would focus very much on using the tool (hammer) to build something.
At the same time, we are building an ethereum gateway for waves-compliant tokens to go from waves to ethereum and vice versa. This forms an ecosystem which we can add value to ethereum tokens.
You see, current tokens that are on ethereum blockchain are plagued with problems like paying their gas using ethereum and not adding an use case to their own coin. We are empowering tokens on ethereum to pay fees in their own coins.
Eventually we would advance to other blockchain platforms.
That said, it is because of the above reasons that we need a further ICO.
We thank you for your patience and look forward to your continued support. Do check out our Github here for the latest developments.
Question #3: “How would the price of KatalystCoin be affected by Katalyst DEX?”
Question #4: “I don’t understand this part of the white paper, can you explain?”