Royal Kingdom Coin, or RKC, is a new digital token created by a company headquartered in Dubai. Find out how Royal Kingdom Coin works today in our review.
What Is Royal Kingdom Coin?
Royal Kingdom Coin is a digital token created by Royal Kingdom Enterprise, a Dubai-headquartered company.
The company has scheduled an ICO between July 11 and August 11, 2017.
Royal Kingdom Coin’s creators were inspired by Dubai’s willingness to accept digital currency. Dubai has frequently been seen as one of the world’s biggest early adopters of technological innovation.
Royal Kingdom was inspired by Dubai’s willingness to accept digital currency in the future, which led them to create a digital token catered to the GCC region (the Gulf Cooperation Council region, which includes Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman).
After the ICO, Royal Kingdom plans to use the funds to develop blockchain products and services for clients throughout the GCC region. The company, however, is already a joint venture and has corporate clients.
Here’s how Royal Kingdom Enterprise describes its ICO and the value of the coins:
“In order to move forward with the development of innovative projects, Royal Kingdom Enterprise starts its ICO campaign, so we invite everyone to revolutionize this interaction by developing projects that bring solutions to people and companies around the world.”
Today, you can buy RKC tokens in exchange for Ether. Token holders are eligible for profit sharing payments from the company, and will be able to put tokens towards future products and services created by Royal Kingdom Enterprise.
Royal Kingdom Products
The Royal Kingdom Coin ICO just got underway. However, Royal Kingdom has already created products and claims to have corporate clients.
Venture Kingdom, for example, is a platform that concentrates financial solutions by providing a payment gateway system associated with a centralized multi-currency exchange.
Royal Kingdom also created REK IT Solutions, which allows for the customization and white label development of web solutions for corporate clients.
In the future, Royal Kingdom plans to launch something called the Tomorrow Exchange, described as “an innovative exchange of encryption” and “a meeting point between centralized and decentralized exchanges, combining security and usability of both.” That platform’s official launch is scheduled for July 17, 2017.
Overall, here are all of the areas in which Royal Kingdom Enterprise seeks to develop blockchain solutions for GCC countries:
- Payment Gateway: A payment platform that allows you to receive, pay, and exchange multiple currencies in a single tool.
- Cryptocurrency Exchange: An online multi-currency exchange platform that allows the trading of digital assets.
- Mobile App: The app provides the services needed to design, build, and track the evolution of mobile applications.
- Token and Coins: Development of digital tokens for organizations that wish to open virtual capital.
- Kingdom Card: Connect your Kingdom Card to your e-wallet to facilitate financial interactions.
- Blockchain Applications: Royal Kingdom Enterprise will develop solutions for various market niches using blockchain technology applications.
- Customized Software: Royal Kingdom will create software specifically catered to the needs of the client’s business.
- White Label: Clients can maintain their visual identity and brand while using Royal Kingdom Enterprise’s products and services.
Who’s Behind Royal Kingdom Enterprise?
Royal Kingdom Enterprise and Royal Kingdom Coin are led by Co-Founders Serge Uvarov (CTO) and Abu Sulayman Saleh (CEO). There’s limited information about either co-founder available online through RoyalKingdomCoin.com.
The Royal Kingdom Coin ICO
The Royal Kingdom Coin ICO is scheduled between July 11 and August 11, 2017.
There is a total supply of 15 million RKC tokens. 18% of this total (2.7 million) will be available for purchase during the ICO. An additional 2% of the tokens were sold during a pre-sale period.
You can purchase coins on the Royal Kingdom Enterprise’s exchange platform, Venture Kingdom. After purchase, the coins will be frozen in the wallets of the purchasers until the end of the initial offer.
The remaining 80% of tokens are held by Royal Kingdom Enterprise’s shareholders. The price per token is set to be $0.10. However, Royal Kingdom Enterprise has added an algorithm to increase the coin’s price continuously and indefinitely to serve as an anti-inflationary measure.
As the Royal Kingdom website awkwardly explains, “this means that the sooner you buy, the better is the price.”
Soon after the closing of the ICO, Royal Kingdom Enterprise plans to begin its official trading. Trading is scheduled to begin on August 14, 3 days after the completion of the ICO.
By February 2018, Royal Kingdom Enterprise plans to deliver its first profit sharing payment.
The token itself is an ERC20 compliant smart contract token.
Uses For Royal Kingdom Coins
Royal Kingdom Coin will have several core features and functions, including:
Holders of RKC tokens are entitled to receive monthly profit sharing. Bonuses are paid proportionally to the number of tokens that the user holds in his or her wallet on the Venture Kingdom and Tomorrow Exchange at the time the payment split is made. The first profit sharing distribution is scheduled to take place on February 1, 2018.
As mentioned above, RKC tokens have a built-in appreciation mechanism that ensures the price increases at the close of every smart contract. In addition, Royal Kingdom Enterprise plans to use part of the organization’s profits to appreciate the value of the token and avoid a massive shortage of coins (i.e. a dump).
RKC can use tokens as a future form of payment for the purchase of goods and services offered by Royal Kingdom. This includes Royal Kingdom projects, although there do not appear to be any official products or services available at this time – even in alpha. All we can see are the Venture Kingdom, IT services, and exchange. It’s unclear what other products and services the company has in the pipeline.
You can trade RKC tokens and profit from buying low and selling high. You can trade the tokens just like any other digital asset on the Venture Kingdom and Distributed Exchange platform. You can begin trading after the closure of the ICO.
Royal Kingdom Coin Conclusion
Royal Kingdom Enterprise is a Dubai-based business that is currently launching its Royal Kingdom Coin (RKC) token. That token can be used to pay for future Royal Kingdom Enterprise products and services. At the time of writing, there’s limited information about specific Royal Kingdom Enterprise products and services planned for the future.
Aside from an exchange that’s scheduled to launch in August, we don’t know what types of products or services Royal Kingdom will launch first. Despite this lack of information, the company plans to issue its first profit sharing payment to shareholders on February 1, 2018.
You can learn more about Royal Kingdom Enterprise by visiting the company online at RoyalKingdomCoin.com.