Buy KIRO

What is KIRO?

KIRO, or Kirobo, is a cryptocurrency token that serves as the backbone of a service designed to allow the reversal of Bitcoin transactions. It operates a logic layer on top of different blockchains, primarily aiming to protect users from errors associated with cryptocurrency transactions.

How does KIRO work?

Kirobo works by utilising the Ethereum blockchain to enable secure and retrievable crypto transactions. The platform leverages smart contracts to provide functionalities such as reversible transactions, inheritance management, backup mechanisms, and peer-to-peer safe swaps. While the KIRO token itself is not mineable, it is used within this ecosystem to facilitate its range of services.

What are the potential use cases for KIRO?

Potential use cases for KIRO include:

• Retrievable Transfers: Enabling users to attach passcodes to their transactions, allowing for the retrieval of prematurely or incorrectly sent funds.
• Backup: Providing mechanisms to replace wallets and prevent loss of access to digital assets.
• Inheritance: Setting up automatic allocations of assets to specified recipients if certain conditions are met, like account inactivity.
• Undo Button: The option to cancel transactions after initiation if mistakes are detected.
• Arbitrage: Facilitating automatic trades based on predefined price triggers.
• Business Application: Providing APIs for other blockchain businesses to utilise Kirobo's protective tools.

What is the history of KIRO?

Kirobo was founded in 2018 by Asaf Naim, with the mission of simplifying and securing blockchain transactions akin to online banking. The company is noted for developing features such as the "Undo" button for transactions and backup and inheritance tools to enhance digital asset security. Over the years, Kirobo has partnered with entities like Ledger for hardware wallet support and has expanded its functionality across multiple blockchain platforms. Its technological evolution includes the development of the Kirobo FCT framework, enabling businesses to craft blockchain applications without the complexities of traditional smart contracts.