OUR DISTRIBUTED LEDGER TOKEN
Connecting The Machine and Human Economies
The tokenized Kongsi Coupon is a powerful digital asset. There are no miners nor stakers. This means value and data can be transacted without any fees, enabling a frictionless value transfer no other digital asset can.
A New Token Economy
The tokenized Kongsi Coupon was built on top of the Shimmer Network and serves as its economic backbone. The Smart Contract within Kongsi Coupon was coded using IOTA‘s Tangle network. It immutably records the exchange of data and value. It ensures that the information is trustworthy and cannot be tampered with nor destroyed. IOTA uses a DAG data structure allowing transactions to be added in parallel, unlike blockchain alternatives. As a result, IOTA’s transactions are confirmed with lightning speed.
What is IOTA’s Tangle?
IOTA’s Tangle is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer.
The Tangle
Designed for devices to participate in a low-energy network.
Send 0.01, receive 0.01. Send 1,000,000, receive 1,000,000.
Honest messages are approved very quickly and efficiently.
A globally distributed network, IOTA is resilient and robust against attacks.
Kongsi Coupon is Backed by Real Commodities
Each Kongsi Coupon smart contract is pegged to real-world tangible assets. Currently, 100.00 Ringgit = 100.00 Kongsi Coupon = a basket of unsubsidised commodities below :
5kg Organic Rice (25%)
250g Mixed Nuts & Seeds (25%)
500g Mixed Dried Fruits (25%)
1L Coconut Cooking Oil (25%)