What is Kunci Coin?
Kunci Coin (KUNCI) is a cryptocurrency project based in Indonesia that seeks to support multi-chain operations. It is currently a fork of Solana and aims to build an ecosystem that supports features from the metaverse to NFTs and DeFi. Kunci Coin has successfully launched its own NFT marketplace, KunciNFT, and has collaborated with top-tier Indonesian artists. The project seeks to expand its collaboration and develop more features. Kunci Coin is geographically well-positioned in Indonesia, a country with a high rate of cryptocurrency adoption. It aims to provide operational reliability and seeks to be an efficient and cost-effective ecosystem.
How does Kunci Coin work?
Kunci Coin operates as a BEP-20 token on the BNB Chain, and the team has gone cross-chain and has already launched on Solana. The BNB Chain is secured through the proof-of-stake consensus mechanism, with 21 validators elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins to be eligible. Kunci Coin also seeks to support crypto mining, even though its token is a pre-mined token that does not run with a proof-of-work consensus. They are exploring ways to integrate cloud mining and reward their holders with other chain benefits.
What are the potential use cases for Kunci Coin?
Kunci Coin has a variety of potential use cases. One of them is the use of KUNCI in the hospitality and service sectors in Indonesia. Kunci Coin has a partnership with J Hotel Tanjung Benoa in the South Kuta District in Indonesia and seeks to expand into hospitality management, providing travelers with services they can pay for in KUNCI. The project also seeks to expand with its KunciGames platform, where players can use KUNCI as an in-game currency. Kunci Coin also targets Funnesia, a digital home application that is to accept KUNCI as a means of payment in the future.
What is the history of Kunci Coin?
Kunci Coin was launched by an Indonesian team headed by Julius Agus Salim, a leader with more than 13 years of experience in technology. His partner is the anonymous Joko Crypto, a crypto miner with years of professional experience in the space, and currently operating more than 22,000 mining rigs. The roadmap of Kunci Coin includes establishing the Kunci Coin mainnet, launching the Kunci Coin NFT Marketplace, launching the Kunci Exchange in Indonesia, and expanding the business across the Indonesian market and beyond. KUNCI has a total supply of 100 billion, with a portion of them being burned periodically.
