Structure of Konnect Membership

Konnect builds B2B2C e-commerce ecosystem based on KCT membership. We offer the discount of goods and services that our users actually feel benefits by our membership level through staking KCT token. Besides discount benefits per membership level, we offer additional benefits within Konnect platforms to actively promote users to obtain Konnect membership.

We support the payment method of digital asset, WBTC, ETH, USDT for now, and others will be supported later on. KCT token cannot be used as a means of payment for the good and services purchased on the platform and that cryptocurrencies mentioned above and/or credit cards must be used for the payment of such goods and services.

When the users inquire the payment of using digital asset, Oracle solution arranges the quantity of required digital asset for the payment by calculating appropriate number converted in USD of digital asset formed out of Konnect. Starting with 3 kinds of payment method in the beginning, we will introduce more various digital assets afterwards by gathering opinions from our community or contracting a strategic partnership. We will support the multiple main net through Bridge for reducing Gas fee required at verifying a transaction on main net of Ethereum afterwards. This works as the precondition that brings forward an activation point of membership by lowering the entry barrier of payment through Konnect platform and minimize the all charges for the payment.

Figure 11. Business Structure of Konnect Membership Platform