Kozjin Token

3 min readSep 20, 2019

Kozjin Token is a cryptocurrency that aims to provide everyday banking and payment services to the millions of consumers worldwide.

The user-friendly Kozjin mobile app allows merchants and customers to transact easily and gives users an easy way to convert and spend their cryptocurrencies at merchants’ stores. Currently, Kozjin Token has gained a strong niche in the property industry by enabling a smooth and seamless transaction process to take place between property owners, developers, and contractors.

Fintech Market Situation

Cryptocurrency owners currently face many obstacles in order to encash their digital assets. In addition to the current obstacles:

Traditional payment systems continue to cost consumers billions of dollars every year
Merchants and service providers face high fees up to 15%, leading to higher product costs for consumers
Merchant profits are driven down due to declined transactions
Long settlement periods cause decreased cash flow
Current multi-currency support is complicated, consist of high spreads and high exchange rates
Over two billion people around the world remain unbanked

Real Estate Market Situation

Presently in the real estate industry, in order to make a property purchase, you have to go through multiple stakeholders. The process from initiating the purchase to getting ownership is long and tedious, investors are unable to readily diversify or adjust their investments.

Lack of transparency around the validity of property data: information is currently centralized and prone to manipulation
The long period of the transaction as time-consuming coordination of many stakeholders such as Bank, real estate agents, conveyancers, mortgage brokers, lawyers vendors, purchasers and accountants
Inefficient and inaccurate sharing of information between different stakeholders
Increasing high barriers to entry (i.e. high credit scores, high down payment etc) by financial institutions have made it exceptionally difficult to obtain a loan for properties
Money is tied-up and investors cannot readily diversify or adjust their investments, as the illiquidity of real estate assets confines them to concentrate the risk in relatively few assets.

Solution

Whitepaper | Summary | Yellowpaper

Kozjin Ecosystem

Kozjin App Core Features

Kozjin wallet — Enables users to manage and store their crypto assets securely, which can get trader on the exchange or spent via Kozjin card directly.
Kozjin card — Enables users to withdraw fiat currencies directly from the wallet any time, anywhere after the exchange from cryptocurrencies.
Kozjin exchange — Enables users to convert their crypto assets between multiple currencies stored in the wallet easily.