KONNECT
  • KONNECT
  • ◻️Whitepaper
    • KONNECT Whitepaper ENG
      • Summary
      • Duty-Free Market Analysis
        • Prospects of Duty-Free Market
        • Purpose of Blockchain Introduction
      • Konnect Project
        • Konnect E-Commerce Platform
        • Konnect NFT Marketplace
          • 1. Luxuriate to Earn NFT(L2E NFT)
          • 2. KONNECT PFP NFT
        • Konnect Community
      • Konnect Membership
        • Structure of Konnect Membership
        • Benefits of Konnect Membership
        • Terms and Conditions of Konnect Membership
      • KCT Token
        • Token Matrix
        • Token Economy
        • Token Allocation
      • Roadmap
      • Our Team & Advisor & Partner
        • Team
        • Advisor
        • Partner
      • Exemption Clause
  • 📍Membership
    • Membership
      • Accommodation
        • Oak Valley Resort
        • Aiden by Best Western Cheongdam
        • LOTTE CITY HOTEL
          • LOTTE CITY HOTEL MYEONGDONG
          • LOTTE CITY HOTEL MAPO
          • LOTTE CITY HOTEL GURO
          • LOTTE CITY HOTEL GIMPO AIRPORT
          • LOTTE CITY HOTEL DAEJEON
          • LOTTE CITY HOTEL ULSAN
          • LOTTE CITY HOTEL JEJU
        • LAHAN
          • LAHAN SELECT GYEONGJU
          • LAHAN HOTEL JEONJU
          • HOTEL HYUNDAI BY LAHAN ULSAN
          • HOTEL HYUNDAI BY LAHAN MOKPO
          • LAHAN HOTEL POHANG
        • L7
          • L7 MYEONGDONG
          • L7 HONGDAE
          • L7 GANGNAM
        • Hotel Nongshim
        • LOTTE HOTEL
          • LOTTE HOTEL WORLD
          • LOTTE HOTEL SEOUL
          • LOTTE HOTEL ULSAN
        • LOTTE SIGNIEL SEOUL
        • Park Roche
      • Beauty & Spa
        • MYGB SPA
          • MYGB Spa Black
          • MYGB Spa Jeju Airport
          • MYGB Spa Cheongdam
        • Foresta
          • Foresta Black
          • Foresta BAYANTREE
          • Foresta Dongtan
      • F&B
        • A Lounge
        • All day fresh kitchen
          • All day fresh kitchen Yeouido
          • All day fresh kitchen Gwanggyo
          • All day fresh kitchen For ME Lotte World Mall
        • Mammoth Coffee
      • Health & Medical
        • BongBong Plastic Surgery Clinic
        • FRESH Plastic Surgery Clinic
        • Minish Dental Hospital
        • Oganacell Dermatology Clinic
      • Shopping
        • The Shilla Duty-Free
          • The Shilla Duty-Free Seoul Store
          • The Shilla Duty-Free Jeju Downtown Store
          • The Shilla Duty-Free Incheon Int’l Airport T2 store
          • The Shilla Duty-Free Changi Airport Store
      • Life
        • JOOWON Attorneys at Law
  • 🤝PARTNERSHIP
    • Partnership
  • 📱Application
    • Android
    • iOS
    • How to fix
      • Enable JavaScript Cell phones(ENG)
      • 手机javascript怎么启用 (CN)
  • 🔄AMA
    • AMA RECAP Konnect (Aug 17th, 2023)
  • ❓F&Q
    • F&Q
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  1. Whitepaper
  2. KONNECT Whitepaper ENG
  3. Konnect Membership

Terms and Conditions of Konnect Membership

PreviousBenefits of Konnect MembershipNextKCT Token

Last updated 1 year ago

The membership level is determined by amount of staking KCT token in Konnect. The minimum quantity of KCT token required by membership level is calculated by KCT price at the point of staking, and the membership level is assigned when required certification is completed by the system request after staking KCT token more than minimum quantity of requirement.

KCT token used for staking is transferred to lock up state for a chosen period, the user who want to give up their membership after the lock up period, get KCT token back by un staking. The user who want to maintain their membership, their membership maintains during staking main tains. But in the case of abusing a membership with malicious and abnormal intention, that user can get un staking by force for the protection of Konnect ecosystem.

As Konnect platform is activated and our membership users increase, the amount of tradable KCT token in circulation decrease and the variability of market price increase. Konnect protects the value of membership user s asset and will adjust the membership requirement quarterly or monthly in accordance with a market situation for adjusting the entry barrier of new member ship user effectually. All the things will be accomplished for the direction of increasing our mem

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