In the past year alone, there have been over 50 alt currencies that have been released for use by the general public. Kekcoin is one such asset that is based on the P2P model, and makes use of the POS (Proof of Stake) module.
More About Kekcoin
According to the official company website, Kekcoin aims to be a “revolutionary advancement in meme technology”. It is a light hearted attempt at creating a digital currency that is legitimate and can be used in the real world to carry out transactions. To join the Kek community, users can access the Kekcoin Telegram chat group and interact with other members of this forum.
At this point, it should also be mentioned that Kekcoin is a community driven project, and thus it is subject to change as per the wishes of the project community at large. The system will make use of ‘public consensus modules’ that will allow developers to generate a pool of ideas, which will then be incorporated into the system as per the wishes of the Kek community.
Lastly, the project is “open source based”, and thus the API is available for public viewing by anyone.
Key Features of Kekcoin KEK Coin
While the name may sound quite quirky, but Kekcoin makes use of a “cryptographic hash chain” protocol that is known to be quite stable and secure.
(ii) IPFS Integration:
This is a “hypermedia transfer mechanism” that is designed to help in the fast, seamless exchange of data via the use of specialised nodes.
Kekcoin makes use of an interface that is able to connect its hash chain to various web apps quite easily. In addition to this, the platform also makes use of a local HTTP Api client.
The platform allows users to access features such as:
- Competition Hosting
- Maintaining Image Board Threads
The platform will make use of a native token called the KEK coin. In all, there will be a total of 21 million coins created, out of which only 11 million KEK will be released for public utilization.
Kekcoin KEK Coin Token Allocation Scheme
- 10% will go towards the creation of a development fund.
- 30% will be used to create a bounty
- 20% will be reserved for early contributors and backers.
- The remaining 40% will be airdropped, as well as used by company founders.
For any further details regarding this platform, customers have been asked to get in touch with company officials via their social media outlets (twitter, facebook, reddit).