KsumNole (ElonMusk spelled backward) a charity project based on TRON protocol announced the release of its updated whitepaper V1.0 today.
The ksumNole project started in Q3 2018 with a vision to use blockchain technology in charity domain to bring in higher transparency, trust, accountability and thus help people in need in the best way possible. While their focus is to help people of third world counties, the charity initiative will also try to solve global issues like pollution, education, women empowerment, health, etc.
The anticipation around the whitepaper release has created an enormous surge in the value of KsumNole token wherein the last couple of days witnessed its price surge on tronscan DEX from 8 TRX to 22 TRX per KsumNole. With a limited supply of 1 million and the current circulating supply of 300k, the price is expected to surge further in days to come provided the team continues to deliver to its promises.
Key Highlights of Whitepaper
Defining Use-case: The whitepaper clearly defines the use case of KsumNole along with simple to understand pictorial diagrams on how the process flow will work. Along with it the team also introduced its dividend token NoleWater.
Roadmap: The timelines have been well established, and the team is looking well poised to achieve its goals considering the track record seeing how they have been delivering previous commitments around wrt (their token). The most noticeable development to look forward to is the setup of a legal KsumNole foundation by Q3, which will bring a great level of credibility and also help the team forge more prominent global partnerships and charity associations.
Goal: KsumNole team has a clearly defined goal for both wrt charity reach-out and token valuation. They have set up a goal to reach 1 million donors by 2020 and raise $1 billion for various charities.
The team plans to tap into the $2 Trillion global charity domain by leveraging its blockchain solution built on a platform of transparency through its public address systems which will be available for public view 24*7. With a less than 1% market share, this can propel the value of each KsumNole to 1000 TRX.
Team: Through the Whitepaper V1.0 KsumNole also introduces the team which has been working on the project. It consists of a group of professionals with varied experiences in charity, banking, IT, communications, etc., and are spread across the globe thus laying the foundation of building a truly global and decentralized community.
Technology development plans: The team plans to develop a web-based built-in wallet which further may evolve into iOS and Android apps. This will make management and usage of the interface more seamless and user-friendly both for donors and charities.
Further, the wallet will be integrated to the merchandise section of easy shopping, the proceeds of which will flow back to charity wallets. The team also plans to build a communication interface which will allow direct communication between the charities and community thus building a higher level of engagement and trust.
VIP Group: Through this whitepaper, KsumNole also introduces a unique and innovative concept of VIP group to recognize their major supporters and contributors. The VIP group envisions creating a core community of people who believe in the KsumNole project and the concept of ‘giving it back to society.’
The group also provides its members access to exclusive discounts on merchandise, charity event invites and will have their names published on the official website as well.
Distribution: The whitepaper also defines the token distribution ratios, which have been planned to keep inflation in check and organically build the value of the tokens.
The complete whitepaper can be viewed at https://ksumnole.org/wp-content/uploads/2019/02/KsumNole-WP-V01.0-FINAL.pdf
Also, you can connect with the project through their social media channel:
Twitter -> https://twitter.com/ksumnoleo
Telegram -> https://t.me/KsumNole
To summarize, team KsumNole has made good headway in a short span of time since they incepted. The future looks bright and has enough space to grow; the team needs to build on trust and continue delivering the commitments it makes.