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The $2 trillion payments industry remains expensive, inefficient, and totally inaccessible to 1.7 billion people

Introducing The kUSD blockchain

The kUSD blockchain, together with its native digital currency called kUSD, serve as a complete payments platform that is blazingly fast, cost efficient, and globally accessible

mUSD gives you the right to mint kUSD

mUSD is a mining token that allows you to mine the kUSD blockchain (don't worry, we made it easy) and earn block rewards in the form of kUSD which targets a value of $1 USD

Act now and get 20% more mUSD with your order. Offer ends November 15, 2018.

KOWALA IS CREATING MONEY DESIGNED TO BE FAST, STABLE, AND RELIABLE

THE kUSD BLOCKCHAIN CONSISTS OF 2 TOKENS — mUSD MINING TOKENS AND kUSD STABLE-VALUE PAYMENT TOKENS THAT TARGET A VALUE OF $1 USD

mUSD owners earn kUSD for their mining efforts. Mining is user-friendly, energy efficient and does not require any special hardware. The more mUSD you own, the more kUSD you can potentially earn.

Learn more about mUSD

kUSD is a payment token designed to target a stable value that is distributed through mUSD owners. The total number of kUSD expands and contracts depending on real-time market conditions. Only mUSD owners can mine kUSD.

Learn more about kUSD
Eiland Glover discusses stability, timelines and applications in his keynote at the 2018 Beyond Blocks Summit in Tokyo
Eiland Glover talks about stability in the growing cryptocurrency and blockchain industries in his keynote at Token 2049 in Hong Kong

kUSD is a digital currency that targets a stable value of $1 USD

mUSD mining token owners have exclusive rights to mine kUSD

New kUSD are minted automatically by the blockchain to satisfy market demand. The total number of kUSD is not pre-set, but is constantly and automatically adjusted by the blockchain. The number of kUSD can grow into the millions, billions, and beyond to satisfy market demand for kUSD. All newly minted kUSD are distributed to actively mining mUSD owners.

ABOVE $1 AND RISING

When the weighted average price of kUSD is above 1 USD, the blockchain will increase the amount of kUSD minted each block.

BELOW $1 AND FALLING

When the weighted average price of kUSD is below 1 USD and falling, transaction fees are increased and burned by being sent to a dead-end address.

kUSD is expected to be tradable on the following currency exchanges

Millions of consumers and 2.3 million merchants in 180+ countries are expected to be able to use kUSD for everyday purchases through

More exchanges, wallets and partnerships to come...

Mint your own money with mUSD

In order to mine kUSD, you have to own mUSD

As a hybrid proof-of-stake protocol, mining kUSD has important advantages over legacy blockchains

  • User Friendly Mining

    You don't need to be a blockchain nerd to mine kUSD. In fact, you don't even need your own computer. You can mine in the cloud. Kowala makes it easy for you to set up your mUSD to mine and begin reaping block rewards.

  • Energy Efficient

    Traditional mining is a competitive business where the winner takes all. Konsensus, Kowala's implementation of Tendermint, however, ingeniously orchestrates consensus more rapidly, with less energy use and higher transaction throughput.

  • No special hardware required

    Unlike most other cryptocurrencies, you don't need a volcano-powered, snow-cooled supercomputer to mine kUSD. You can use your laptop, or even a cheap server in the cloud.



Calculating Mining Rewards

Below are two scenarios where market cap growth translates into block reward revenue for mUSD owners. These scenarios are for illustrative purposes only.*

Kowala will create a total of 1,073,741,824 mUSD tokens. mUSD owners can earn newly minted kUSD created by the blockchain as the demand for kUSD increases. In addition, mUSD owners can also earn the transaction fees included in a mined block.

Scenario A

You spend $25,000 to buy 255,102 mUSD for $0.098 per token. You then use these mUSD to mine for the entire first year after launch of kUSD. The demand for kUSD is high, and the blockchain creates 1 billion kUSD over the course of the year to satisfy this demand. Under these circumstances, you would expect to earn the following number of kUSD:

Therefore, if kUSD maintains a value of approximately $1 USD, your annual kUSD earnings could be expected to have a value of approximately $237,582 USD.

mUSD cost basis (per token)$0.098
# mUSD255,102
mUSD cost basis (total)$25,000
YR1 kUSD market cap growth$1 billion
YR1 kUSD earnings (from block rewards only)$237,582**

Scenario B

You spend $85,000 to buy 867,346 mUSD at $0.098 per token and use these mUSD to mine for the entire first year after launch of kUSD. The demand of kUSD is modest over the first 4 months and then begins to pick up. At the end of the year, the market cap for kUSD has grown to 250 million kUSD. Under these circumstances, you would expect to earn the following number of kUSD:

Therefore, if kUSD maintains a value of approximately $1 USD, your annual kUSD earnings could be expected to have a value of approximately $201,944 USD.

mUSD cost basis (per token)$0.098
# mUSD867,346
mUSD cost basis (total)$85,000
YR1 kUSD market cap growth$250 million
YR1 kUSD earnings (from block rewards only)$201,944**
* Nothing on this page should be construed as a guarantee of any future returns or market cap growth. The decision to purchase mUSD is highly speculative, and any person considering buying should carefully review the risk factors.
** Based on a value of $1 USD per kUSD; this value is not guaranteed. Currently, there is no market for kUSD, and one may not develop in the future.

Act now and get 20% more mUSD with your order. Offer ends November 15, 2018.

Kowala's mission is to create intuitive and accessible payment platforms

We have been building the Kowala Protocol since 2016. We want to make it simple for every person to have total control over his or her money and transact safely and securely with the entire world instantly at little or no cost. Our goal is to finally realize the promise of decentralized financial transactions for everyone.

Eiland Glover
CEO
Nashville, USA
John Reitano
CTO
Nashville, USA
Paul Fox
Director of Engineering
Brighton, UK
Ricardo Geraldes
Lead Blockchain Engineer
Lisbon, Portugal
Eugene Danilenko
Blockchain Engineer
Moscow, Russia
Albert Callarisa
Senior Software Enginer
Barcelona, Spain
Jose Pinto
Software Engineer
London, UK
Adrian Hetman
Blockchain Engineer
Poznań, Poland
Jonathan Gimeno
Senior Software Engineer
Barcelona, Spain
Adam King
Lead Application Engineer
San Diego, USA
Xavier Pérez
Mobile Application Engineer
Quito, Ecuador
Walker Willse
VP Business Development
Nashville, USA
Dominique Nguyen
Operations Manager
Los Angeles, USA
Roman Markuze
Customer Success
Kazan, Russia
Aakash Nigam
Community Manager
Bangalore, India
Maryam Southam
HR Manager
Montreal, Canada

Project Status

We have come a long way since we started in 2016

  • Founded in 2016 and grown to a globally distributed team of 16 people
  • Bootstrapped and raised seed equity in 2017 of $600,000
  • Sold $3.5M worth of mUSD tokens in a limited pre-sale
  • Filed patents in the U.S. and internationally — patent pending in U.S. (16/140,407) and PCT (US/18/52492)
  • kUSD blockchain alpha mainnet launched with Kowala's Tendermint derived Konsensus mechanism
  • The core of our technology is open-source and is actively being developed on GitHub
  • Established key partnerships with exchanges, payment providers and wallets:

Act now and get 20% more mUSD with your order. Offer ends November 15, 2018.

TERMS OF SALE

Kowala is selling future rights to receive 375,809,638 mUSD mining tokens for $0.098 per token. Most individuals worldwide are eligible to participate in this sale. However, participating U.S. citizens and residents must be accredited investors.

Price per token$0.098
Current Token Bonus20%
Soft Cap$3,000,000
Hard Cap(includes pre-sale) ** $36,000,000
Number of mUSD Tokens(35% of total) 375,809,638
Start DateOctober 24, 2018 9:00 PM EST
End DateDecember 14, 2018 9:00 PM EST
Accepted Payment MethodsUSD (Wire Transfer), ETH, BTC
* Includes $3,546,940 in pre-sale funds.
** Hard cap includes pre-sale funds and assumes 20% of future rights to receive tokens are sold at each of the 30%, 20%, 10%, and 5% bonus tiers. If the hard cap is reached, no additional future rights to receive tokens will be sold during this sale. Any remaining future rights to receive tokens may be sold in a subsequent sale.


Act now and get 20% more mUSD with your order. Offer ends November 15, 2018.

Token Allocation

Before the kUSD blockchain launches, Kowala will mint 1,073,741,824 mUSD. Once the initial amount is minted, a smart contract feature will prevent additional mUSD tokens from being created.

These mUSD tokens are anticipated to be allocated in the following way: 20% to Kowala, 20.5% to partners, 10% to advisors and the Kowala team, and 14.5% to previous pre-sale token purchasers. The remaining 35% will be made available for purchasers participating in this sale.

Kowala is a for-profit company organized in the Cayman Islands. We plan on using the Company’s mUSD mining tokens to mine on the kUSD blockchain along with other mUSD token owners, and Kowala will be entitled to receive the same block rewards as other mUSD owners.

Additionally, we plan on using some of the proceeds earned from mining to actively trade kUSD on our own account in order to generate trading profits.

Kowala intends to use partner tokens to incentivize partnerships that promise to increase the distribution and adoption of kUSD, support the stability and liquidity of kUSD, and drive kUSD organic growth. We believe such partnerships can lead to greater utility for kUSD, a higher market cap, and ultimately greater block rewards for our mining community.

Purchase Process

Upon completion of the sales process you will have a legally binding sales agreement. Kowala expects to to provide the following process for the purchase of mUSD tokens:

  1. FILL OUT OUR ORDER FORM. Interested purchasers must first provide the requested info on our order form.
  2. PROVIDE KYC/AML DOCUMENTATION. All purchasers, at a minimum, will be required to provide valid proof of identification (i.e. passport or government issued photo id). Additional documentation may be requested.
  3. (U.S. PURCHASERS ONLY) VERIFY STATUS AS AN ACCREDITED INVESTOR. We will provide a link to a third-party service (VerifyInvestor.com) in order to complete this step.
  4. EXECUTE YOUR SALES AGREEMENT. Kowala will email you a sales agreement to digitally sign and return with HelloSign.
  5. SEND PAYMENT. Once all the information and documents provided by you have have been reviewed and approved, you will be given instructions on how to make payment. Payment is accepted in the form of BTC, ETH or USD Wire Transfer.
  6. DONE! Prior to Boötes launch you will receive instructions on how to take custody of your mining tokens.

Act now and get 20% more mUSD with your order. Offer ends November 15, 2018.

THIS WEBSITE, INCLUDING ANY INFORMATION CONTAINED HEREIN, IS NOT AN OFFER OR SALE OF SECURITIES. KOWALA SEZC ANTICIPATES OFFERING CERTAIN SECURITIES PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER RULE 506(c) PROMULGATED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). SUCH OFFER AND SALE HAS NOT BEEN AND IS NOT ANTICIPATED TO BE REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE "SEC") UNDER THE SECURITIES ACT OR UNDER ANY STATE'S SECURITIES LAW. ANY SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS.
THIS WEBSITE, INCLUDING ANY INFORMATION CONTAINED HEREIN, IS NOT AN OFFER OR SALE OF SECURITIES. KOWALA SEZC ANTICIPATES OFFERING CERTAIN SECURITIES PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER REGULATION S ("REGULATION S") PROMULGATED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). SUCH OFFER AND SALE HAS NOT BEEN AND IS NOT ANTICIPATED TO BE REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE "SEC") UNDER THE SECURITIES ACT, UNDER ANY STATE'S SECURITIES LAW OR UNDER THE SECURITIES LAWS OF ANY OTHER JURISDICTION. ANY SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, INCLUDING IN HEDGING TRANSACTIONS, IN THE UNITED STATES OR TO U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S) UNLESS IT IS REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR SUCH OFFER, SALE AND TRANSFER IS MADE PURSUANT TO AVAILABLE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS.

THERE MAY BE ADDITIONAL MATERIAL RESTRICTIONS UNDER THE LAWS OF THE JURISDICTION WHERE ANY PROSPECTIVE PURCHASER RESIDES THAT LIMIT SUCH PROSPECTIVE PURCHASER'S ABILITY TO PURCHASE OR TRANSFER ANY SECURITIES THAT MAY BE OFFERED BY KOWALA SEZC.