My Blog About Blockchain

Concept of Kripton

The development of things, not acceptable to all people around the globe, there are still lots of countries that have economic issues, especially in countries that are still in development. Credit services in some of these countries are also still difficult to formalize, some of these lending institutions require users to have certain requirements. Therefore, we created a platform, which we called L-Pesa microfinance.

What is L-Pesa Microfinance?

L-Pesa is a micro-loans lending company founded in Delaware in U.S.A. The company offers personal, group and business loans via mobile phones in developing countries. A user who can repay their loan in time can access higher loans with a lower interest rate and payment period. Before getting a loan from the platform, L-Pesa conducts credit checks of the borrower with the help of credit reference partners. In case it is a new customer, a quick interview is done before the customer can be given a loan.

L-Pesa has a customer base of 150,000 customers and the loan repayment rate for the loans they have provided to customers is 90%.

How it works

L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs. Hopeful visionaries can take loans in Ether or Bitcoin and then participate in L-Pesa’s curated marketplace facilitating peer-to-peer lending: the first crypto loan service in Africa. The L-Pesa Token (Kripton) is built on the Ethereum blockchain which allows holders to use L-Pesa financial tools at reduced cost.

L-Pesa Token

The L-Pesa Token is built on the Ethereum blockchain which allows holders to use L-Pesa financial tools at reduced cost.

Financial System in Developing countries

L-Pesa is a financial technology platform providing new financial tools to consumers and small businesses in Africa and Asia.

In the developing countries under the current financial system, there are many people who cannot access financing from the traditional financial institutions due to lack of the proper paperwork or because the requirements put up by the loan facilitating institutions. Additionally, for microfinance to work its operations have to be efficient, and the operational costs limit how low such platforms can go in regard to lending amounts. However, the use of blockchain technology in the financial sector allows the overcoming of the existing barriers and leads to efficiency and transparency. Further, it reduces the cost of doing business, which makes small lending viable.

L-Pesa LPK ICO Details

The platforms token is called Kripton or the bitcoin of Africa. The firm hopes that Kripton will be used as a means of exchange and offer the first African crypto peer-to peer-lending platform.

ICO START DATE: Apr 10
ICO END DATE: May 10
HARD CAP: $52,000,000 USD
CONTRIBUTION SIZE: MIN: 0.25 ETH
TOTAL SUPPLY: 2,600,000,000 LPK
INVESTOR SUPPLY: 1,300,000,000 LPK
ICO CONVERSION: 1 LPK = $0.04 USD

SUPPLY DISTRIBUTION

50% Public (of all tokens created)
5.8% Pre Sale
20.1% Team / Advisors
1% Bounties
23.1% Reserves (airdrop)

Those who want to buy the tokens can do it from their L-Pesa account or from the ICO register whereby the address of the register will be given 15 minutes before the start of the presale that will happen on 10th March 2018. The minimum coins that one can buy is 5000 coins. The tokens will be sold at $0.02 for every coin. Investors can buy the digital coins with bitcoin or Ethereum.

THE TEAM