KIROSCOIN

BlackWalletLTD and all members of the Wallet Group are registered in the United States and have the privilege of operating within the legal system of the United States.  As such, all members who use KIROS tokens are protected from unconscionable actions by the legal code of the United States, reviewed as one of the most stable in the world.  We avoided incorporating in “loose” counties because we want our users to have faith that their rights are protected by the community and the law. 

KIROS is a Global Exchange Token (GET).  This means that it has a bifurcated audience.  The primary audience is the global network of exchanges, to use this as an arbitrage hedge preventing abuses by OG banking systems. The secondary users have the option of using KIROS as a transactional utility token for regular purchases from any of the companies who have signed up for KIROS launch or who have received money in our grant program. While some investors may see returns on KIROS, KIROS is designed to be a stable coin based on the basket of goods owned by the Wallet Group Hedges, thus would not be a security under SEC definition (15 USC  77b – Definitions promotions of efficiency, competition, and capital formation).

The coin itself is functioning in the State of Florida in the United States of America. All legal matters for anyone using the coin are directed to the mediation, arbitration, and court system of the State of Florida.

KIROS is designed to prevent rug pools by persons involved with the project and whales who may buy into the project.  Through a large number of tokens, backed by the Stablecoin 2.0 system and a large reserve (20%), the coin seeks to maintain a stable presence in the world, even if a bad actor may try to “pump and dump” the sheer number of coins coupled with their anticipated value (between $2.11 and $17.35) makes it highly unlikely that anyone, even crypto billionaires would be able to move the value of the coin without community support.  If this occurs, then the reserve can be used to ensure that the dump will not be profitable for the bad actors. 

A stablecoin is any token that is backed by real world assets in a manner that allows value to be derived in the token from the external source. Classic stablecoins have always had a 1-1 ratio with other securities (fiat, stocks, other cryptos).  The Stablecoin 2.0 system is designed around a stablecoin with a non-redeemable value structure that allows growth through an ever increasing hedge fund network.  Coin values are based on the aggregate “basket of goods” which have a much more stable record than any stock, mutual fund, or fiat currency.  As such, the value of the funds can rise via the “Smart Burn System” but would need a total market collapse to have a major decline, which would also have a negative effect multiplied on any fiat currency.

KIROS is designed to be stable both in tokenomics and in the environment.  For environmental stability, KIROS uses the Stablecoin 2.0 system.  In Stablecoin 2.0, there is a smart burn strategy that allows for a small portion of the token to be burned every time that a transaction takes place.  Unlike traditional burns, which simply go to a “dead” or “zombie” wallet, for hackers to later exploit.  The smart burn tokens are transferred into the ecosystem, so that the coins can be re-introduced into the ecosystem (thus not depleting the coin amount) via purchases of commodities, stocks, and other assets through the Wallet Group.  These assets are then used as backing to continually maintain and grow the value of the ecosystem. 

In regards to the global ecosystem, the one we live in, KIROS’ Smart Burn System prevents the need of excess electrical power to create new tokens for the tokens being burned.  While Bitcoin, Solana, and Ethereum are becoming the new Gold (read to expensive to use for everyday trade), KIROS and other Stablecoin 2.0 tokens are being used to facilitate transactions to make crypto more mainstream.  Add to that that no forests were cut down in the making of KIROS, and we have a better environmental footprint than governments printing money.

No, the tokens that are created are the only tokens that will ever exist.

Stablecoin 2.0 seeks not to repeat some of the mistakes of the first generation of Stablecoins.  The first mistake is backing only using one thing or a family of things.  The Stablecoin 2.0 system is backed by a basket of goods managed by several companies within the group.  This allows for the basket of goods to be very diverse, yet managed by experts in the area.  Second, the first generation of Stablecoin competed with each other trying to be the “best” Stablecoin. Either you are stable (good) or you are not (bad).  Our system allows any token or coin that wants to join to be part of the system through a buy in procedure.  By building equity in the system, the company can increase the value of their token.  Finally, the Stablecoin 2.0 system eschews the 1:1 exchange system.  If you allow people to withdraw the assets on which the equity is based because the issuer of the token is a member of the club, then you are allowing a third party to violate your fiduciary duty.  Once assets are in the Stablecoin 2.0 system, they are there for life.  If a company withdraws from the system, they receive 10% of their initial stake from the liquidity pool, but the asset pool remains protected and stable.  This provides all members of the community with an unprecedented level of security.

The Kiros token on the Solana chain will utilize the thoroughly audited Solana Program Library. The smart contract for associated ERC-20 tokens on EVM-compatible blockchains completed its audit with QuillAudits as of July 18th, 2023. Further audits will continue to be performed as appropriate for any related smart contracts.