What Is Kirobo? (KIRO)

Kirobo builds decentralized applications (dapps) that add a safety layer to all of the ecosystem's most popular and lucrative activities. The platform is wholly non-custodial, and its tools are offered from a single, consolidated platform called the ‘Liquid Vault.’ The network aims to make crypto management as secure and convenient as online banking. A platform or product being non-custodial means that it does not rely on the company (Kirobo here) to operate them.

As per its whitepaper, the platform seeks to resolve challenges that hinder the mass adoption of cryptocurrency and loss of assets. Most trading occurs on centralized exchanges as they are easy to use and offer high liquidity. But centralized exchanges attract hackers, given that the system is custodial and requires KYC data. In contrast, though a decentralized exchange offers a non-custodial alternative, there is the problem of slippage. Users can lose funds during swaps via a DEX since making deals changes the shared trading pool balance, which changes the price of the tokens. 

Thus, the platform's Liquid Vault is a decentralized and on-chain wallet with integrated applications creating an all-inclusive DeFi operations platform. Services offered by Kirobo's vault include:

• Safe transfers that are password-protected with retrievable crypto transactions.

• Backup that integrates a wallet replacement mechanism to prevent loss of asset access.

• Automatic allocation to various recipients following inactivity.

• And direct peer-to-peer token swap service.

Also, the platform retains transaction history, including relevant addresses, amounts, messages, etc. The forum's Liquid Vault requires a small fee to open it and access all activities within. At the same time, a stake is needed for ‘Backup and Inheritance’ activation. The stakes can be retrieved and are essential to pay system activators. Inheritance refers to defining crypto wallets representing heirs, defining the amount each user receives, and setting a timer via the interface. The service must be periodically reset by the user. Lastly, KIRO is the ecosystem's native digital currency and is used for trading on the platform. 

History of Kirobo (KIRO)

The KIRO token was launched in November 2020.