Upcoming ICO: Introducing XRK RecordsKeeper

RecordsKeeper will, on October 1, launch the public round of its ICO (initial coin offering), following a successful whitelisted pre-sale, scheduled to end on September 30.

Upcoming ICO: Introducing XRK RecordsKeeper

ICO details

  • Public Sale Period 1 Oct 2018 to 30 Nov 2018 at 09:00 AM UTC
  • Total Token Supply 342 Million
  • Availability XRK (during Public Sale Period) 156,000,000 XRK (with 100,000,000 XRK being allocated to persons participating in a prior private sale)
  • XRK price 1 XRK = 0.0002 ETH (5000 XRK / ETH)
  • Minimum investment 50 ETH for Private Sale, 10 ETH for Whitelisted Presale & No Minimum for Public Sale.
  • Accepted methods of payment: During the Token sale 2 major currencies will be accepted via RecordsKeeper Token sale dashboard; these are BTC and ETH.

What is XRK RecordsKeeper?

RecordsKeeper is an Open-Source Public Platform (with an independent Mine-able Blockchain) for Record Keeping & Data Security.

RecordsKeeper technology is currently live & available for production use.

RecordsKeeper Mainnet & Testnet Users can publish the key-value pairs of any kind of data records of up to 8MB in size per transaction in RecordsKeeper Public Blockchain & query the records like NoSQL Database using published record key or transaction id.

XRK are the fuel of RecordsKeeper Blockchain.

The fees/GAS for uploading the records/data has to be paid in XRK tokens which gets delivered to the Miners for mining the Block along with mining reward.

Reading the record is completely free forever.

Please note that RecordsKeeper is a Blockchain platform on top of which other products can be built like SupplyChain Management, Data Security Solutions, Degree Verification System etc.

How does it work?

XRK is a peer-to-peer based token which is used as an incentive and payment model for uploading records and data onto the RecordsKeeper blockchain.

XRK tokens are provided to miners as fees for uploading records.

XRK tokens are based upon Bitcoin’s original protocol with changes to its underlying codes, therefore creating an effective blockchain token with a different set of ‘out-of-the-box’ features, which makes it a perfect fit for data upload.

XRK

Users uploading data onto the RecordsKeeper blockchain have to pay fees in XRK for every transaction.

The fees are based on the size of the data and approximately equal 0.1 XRK/KB, at present.

The current value of ETH 0.0002 = 1 XRK (5000 XRK / ETH), exclusive of transaction fees or cost, and the value is subject to change based on supply and demand.

50 million XRK will be mined in total, and their value will continue to increase as more XRK tokens are added through mining rewards, which equal 10 XRK per Block.

The miner who confirms the transaction receives the XRK paid in transaction fees.

There are two types of RecordsKeeper blockchain – RecordsKeeper and RecordsKeeper-Test.

RecordsKeeper has already been explained in the first paragraph.

The RecordsKeeper-Test blockchain is available for testing purposes, which provides Testnet XRK for the community to build and deploy applications within the RecordsKeeper Testnet environment.

One can get Testnet XRK through RecordsKeeper faucet and mining.

What XRK RecordsKeeper says

RecordsKeeper is an Open Public Ecosystem (with Mine-able Blockchain) for Record Keeping & Data Security.

Record Keeper offers a full suite of structured and easily accessible record keeping for organizations and individuals.

It creates a platform for structured storage over the decentralized network for the ease of data access and security between peers.

The Record Keeper capitalises over the pros of the Blockchain network to create an ecosystem for secure transfer, authorization, integrity and authenticity of data.

Each peer is an autonomous agent, capable of performing these actions without significant human interaction.

  • Headquarters: Gibraltar, Gibraltar
  • Year founded: 2016
  • Company type: Privately Held
  • Company size: 11-50 employees
  • Specialties: Blockchain, Record Keeping, Storage, Distributed Ledger, Decentralized Solutions, Data Integrity, and Data Security

For more info on the XRK RecordsKeeper project, please refer to the whitepaper

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