KingMoney: A Peer-to-Peer Digital Currency for the Network Marketing Industry

What is KingMoney

Friends, imagine the digital currencies we use every day, like Bitcoin—it’s like the “gold” of the digital world: valuable, but sometimes slow to transfer and with potentially high fees, making it less suitable for small, frequent daily transactions. The KingMoney project (abbreviated as KIM) is designed as a “digital change” tailored specifically for a business model called “network marketing.”

Launched on August 1, 2019, its goal is to make value transfer in the network marketing industry faster, safer, and more convenient. You can think of it as a “brother version” or “customized edition” of Bitcoin. It’s like buying a great off-road vehicle (Bitcoin), then modifying it for city commuting to make it more fuel-efficient and agile. KingMoney does just that: it tweaks Bitcoin’s foundation to better suit scenarios in network marketing that require frequent, small transactions.

Project Vision and Value Proposition

KingMoney’s vision is simple: to become the preferred tool for digital asset transactions in the network marketing industry. It identifies several pain points in existing digital currencies:

• Bitcoin is too slow and expensive: For the fast, small payments common in network marketing, Bitcoin’s transaction speed and cost are not ideal.
• Ethereum tokens are unstable: Many tokens based on Ethereum have values affected by Ethereum’s own price volatility.
• Ripple is centralized: Projects like Ripple are fast, but relatively centralized, which doesn’t align with the decentralized spirit of blockchain.
• High volatility: Most cryptocurrencies are highly volatile, which is not conducive to business settlements.

KingMoney aims to address these issues and claims the following value propositions:

• Stability: The project claims to be supported by network marketing companies, aiming to provide more stable value exchange.
• Speed: Compared to Bitcoin, KingMoney offers faster transactions.
• Security: It modifies Bitcoin’s source code, claiming to better resist “51% attacks” targeting smaller blockchains.

So, KingMoney is like a dedicated, efficient, and stable “internal settlement system” built for the specific “community” of network marketing.

Technical Features

KingMoney’s technical foundation is Bitcoin, but with some key “modifications”:

• Bitcoin fork: Like a tree branching out, KingMoney is developed from Bitcoin’s codebase, inheriting some of Bitcoin’s core security features.
• Faster block time: Bitcoin generates a new block about every 10 minutes, while KingMoney shortens this to 2–3 minutes. It’s like widening the lanes on a highway so cars (transactions) can pass through faster.
• Mining mechanism adjustment: KingMoney has changed its mining rewards and difficulty adjustment. It recalculates network processing power every three years, and the reward halving occurs every ~175,000 blocks (about one year).
• Enhanced security: The whitepaper states that KingMoney’s source code has been modified to enhance security, especially against “51% attacks” that threaten smaller blockchains. It’s like adding special crash bars to your compact car for better protection against big trucks (hashrate attacks).
• Consensus mechanism: As a Bitcoin fork with “private mining,” it likely uses a similar Proof-of-Work (PoW) consensus mechanism. In simple terms, transactions are validated and packaged through computational competition, ensuring network security.

Tokenomics

KingMoney’s token is abbreviated as KIM. Here’s how its “wallet” is designed:

• Token symbol: KIM
• Issuance chain: KingMoney has its own blockchain.
• Total supply and issuance mechanism: The whitepaper states that KingMoney will produce 747,437,165 units over 40 years. The maximum supply is 747.43M KIM. Issuance is via “private mining.” In the first year, each block rewards 3,250 KIM, then drops to 70 KIM, and decreases by 0.05%. This process lasts forty years, after which rewards go to zero.
• Inflation/burn: As mining rewards decrease and eventually stop, KIM’s issuance is limited and predictable, so it won’t inflate indefinitely in the long term. No clear burn mechanism is mentioned.
• Current and future circulation: Many data platforms show KIM’s circulating supply as 0 or insufficient data. CoinMarketCap once reported a self-declared circulating supply of 205,000 KIM. This means actual market circulation may be very low or data is opaque.
• Token utility: KIM’s main use is as a medium of value transfer in network marketing. Think of it as points in a large shopping mall, usable only within that mall to pay for goods or services.
• Token allocation and unlock info: No detailed public information on token allocation or unlock schedule.

Team, Governance, and Funding

Public information on KingMoney’s team, governance, and funding is relatively limited:

• Core members and team features: The whitepaper mentions a “developer” section, but available summaries do not list names or backgrounds of core members. This is not uncommon in crypto projects, but transparency about the core team usually helps build trust.
• Governance mechanism: As a Bitcoin fork, KingMoney may be designed for decentralized governance, but its “private mining” feature suggests some early centralization. No clear details on decentralized governance models (like voting systems).
• Treasury and funding runway: No public info on the project’s treasury size or reserves. The whitepaper says it’s “supported by network marketing companies,” but doesn’t specify which companies or the nature of support.

It’s like knowing a company produces a product, but not knowing who the founders are, how decisions are made, or the company’s financial health. Transparency in these areas is important for any project.

Roadmap

KingMoney’s whitepaper includes a “roadmap” section, but public search results don’t detail it. What we do know:

• August 1, 2019: Project officially launched.
• 40-year duration: Token mining and issuance will last forty years, meaning a long-term supply plan.

Other than the macro plan for token issuance, there’s no detailed history of major technical, ecosystem, or community milestones, nor future plans. It’s like seeing a map with a start and end point, but the route and scenery in between aren’t drawn yet.

Common Risk Reminders

Investing in any cryptocurrency project carries risks, and KingMoney is no exception. Here are some common risks to note:

• Technical and security risks:
  • Code audit: Although it’s a Bitcoin fork, its modifications may have unknown vulnerabilities. No public code audit report found.
  • 51% attack risk: Despite claims of enhanced defense, blockchains with low hashrate can theoretically be controlled by entities with large computational power.
  • Development activity: Low GitHub activity may indicate insufficient development and maintenance, affecting long-term growth and security updates.
• Economic risks:
  • Insufficient liquidity: Many platforms show circulating supply as 0 or insufficient data, with very low trading volume. KIM may be hard to buy/sell, and prices may swing wildly on small trades.
  • Price volatility: Even if the project aims for stability, the crypto market is highly volatile, and KIM’s price may fluctuate sharply.
  • Opaque market data: Lack of sufficient market data (like market cap) makes it hard for investors to assess real value and performance.
  • Industry dependence: The project relies heavily on the network marketing industry’s growth and adoption. If the industry faces challenges or regulatory pressure, KIM’s demand and value may be directly affected.
• Compliance and operational risks:
  • Regulatory uncertainty: Global policies on crypto and network marketing are evolving, and future changes may negatively impact the project.
  • Team transparency: Lack of core team info increases operational risk and trust costs.
  • Centralization risk of “private mining”: “Private mining” may concentrate early token distribution, leading to centralized control and potential market manipulation.
  • Project activity: Marked as “untracked” or inactive on some platforms, possibly indicating lack of ongoing market attention and community building.

Remember, these risk reminders are not exhaustive. Always conduct thorough personal research and risk assessment before making any decisions. This is not investment advice.

Verification Checklist

To help you better understand the KingMoney project, here are some links and info points you can verify yourself:

• Official website: kingmoney.io
• Whitepaper: Available on the official website or some crypto info platforms.
• Block explorer: explorer.kingmoney.io (You can use it to view transaction records and block info on the KingMoney blockchain.)
• GitHub activity: KingMoney’s GitHub page shows 5 public repositories, with 5 watchers, 2 stars, and 2 forks; activity started on January 19, 2020. You can visit GitHub to check code update frequency and community contributions.
• Social media:
  • Twitter/X: @ABkingmoney
  • Facebook: https://www.facebook.com/ABKingmoney
  • Telegram: https://t.me/kingmoney_currency
• Market data platforms: Search “KingMoney” or “KIM” on CoinMarketCap, Coinbase, CryptoSlate, etc., to view price, trading volume, market cap, and check data completeness and update frequency.

Project Summary

In summary, KingMoney (KIM) is a digital currency project based on modified Bitcoin code, with the core goal of providing a faster, safer, and more stable value transfer solution for the network marketing industry. It optimizes Bitcoin’s features by shortening block times, adjusting mining rewards, and claiming enhanced defense against 51% attacks.

From a tokenomics perspective, KIM has a limited total supply and a clear 40-year issuance cycle. However, current market circulation and trading activity are low, and information on the team and governance structure is relatively opaque. The project is highly dependent on the development of the network marketing industry, which is both its feature and a potential market risk.

For those interested in blockchain technology and network marketing, KingMoney offers a unique perspective. But always remember, the cryptocurrency market is full of uncertainty and every project carries risk. The above information is for educational purposes only and does not constitute investment advice. Before making any decisions, be sure to conduct in-depth personal research (DYOR - Do Your Own Research) and consult a professional financial advisor.

For more details, please research independently.