What is Blocnation?
Blocnation is extremely excited to announce their partnership with the Komodo Platform to launch the world’s first ever decentralized Initial Coin Offering (dICO), guaranteeing investor privacy and heralding a new era in digital payments.
Despite its revolutionary potential, existing cryptocurrencies have not managed to achieve mass adoption and the technology is still confounding for many users wanting to buy, store and send their coins. Blocnation is changing this, creating a solution so easy that your grandmother could use it, whilst providing access to financial technology solutions to those without access.
The multi-currency mobile wallet platform runs on any smartphone and serves three main functions: allows for seamless cryptocurrency transfer through atomic and etomic swaps; acts as a digital currency across the event and lifestyle ecosystem and eventually across a range of other
businesses; and provides access to crypto assets to those unserved by traditional financial systems. The Blocnation App is both a decentralized exchange and a multiple cryptocurrencies wallet, simple to use and of most importance, incredibly secure. Blocnation will provide the world with a quality, closed loop payment option through Komodo’s wallet. The result? A more reliable and secure platform that its users can instantly take part in and feel secure in.
The Blocnation-Komodo-powered-wallet will allow users to seamlessly swap different cryptocurrencies instantaneously via Komodo’s atomic and etomic swap protocols. The revolutionary Komodo Platform allows instant exchange of holdings with others, instead of relying on exchanges. It is resistant to hacks and theft, delisting of coins or issues with regulation and seizure of crypto assets. This solution is not just theoretical either. More than 90,000 successful atomic swaps have happened already and Komodo now covers atomic swaps of 95% of all coins in existence.
Working with Blocnation’s exclusive roll out partner, PouchNATION, the Blocnation Wallet will provide its users with alternative and more efficient methods of payment within the PouchNATION ecosystem of events and venues. This provides a host of real world applications for the currency and allows for secure, instantaneous transactions for event and venue guests. For event organizers and venue owners, the Blocnation Wallet will save transaction fees and expand guest touch points via marketing promotions both during and following events.
Traditionally the market of goods and services that can be bought with cryptocurrencies is limited, and the demand for crypto-assets comes mainly from investors, not consumers. PouchNATION has been digitizing currency for use across its platform for hundreds of events across the past four years along with its strategic partners.