Nothing similar at all take a deeper look and read the white paper on the website!
KINEKT process requests for transactions and not the transactions themselves using just a fingerprint with the support of artificial intelligence in the background! Once companies receive this request they can settle transactions directly with one another using push transactions without anyone in-between, instant, quick and safe because no card data is used at the merchant!

Also...
Merchants are concerned our strategy is to solve the specific pain points they have which are transaction costs, terminal costs, card fraud costs, loyalty card terminal costs etc. With KINEKT they will be making money instead of losing money - it becomes a product for them in addition to solving their problems by removing the need for a card or handsets altogether as everything stays in the cloud. As far as transaction speed goes for cryptocurrencies they need to sort that out on their side - those that have quick transaction speed will be able to plug into our cloud and instantly allow their customers to make payments just by the touch of a fingerprint. For the slow currencies we have some patent pending solutions to try out first, chances are the problem will be eventually solved either on blockchain itself (ie side chains etc) or some other ideas we have.

Hi guys,
I am the CEO and designer / inventor of the KINEKT Terminal solution and will try to answers as best i can from time to time. Unfortunately things crazy busy right now with our ICO approaching, including the next phase of our international PCT Patent Application have to be filed etc. However, for any questions especially more in depth questions please feel free to PM me on my Telegram address here https://t.me/kinekt_terminals

As far merchants are concerned our strategy is to solve the specific pain points they have which are transaction costs, terminal costs, card fraud costs, loyalty card terminal costs etc. With KINEKT they will be making money instead of losing money - it becomes a product for them in addition to solving their problems by removing the need for a card or handsets altogether as everything stays in the cloud. As far as transaction speed goes for cryptocurrencies they need to sort that out on their side - those that have quick transaction speed will be able to plug into our cloud and instantly allow their customers to make payments just by the touch of a fingerprint. For the slow currencies we have some patent pending solutions to try out first, chances are the problem will be eventually solved either on blockchain itself (ie side chains etc) or some other ideas we have.

Please remember i am completely open and will answer as many questions as possible, including directly here on Bitcoin when time allows!

The current bank card terminal environment is not feasible anymore, it is time to change it for the better.

KINEKT Tokens are used by banks, mobile wallet providers, loyalty companies etc to pay KINEKT a small percentage based usage fee charged from the value of every transaction flowing through the terminal. This means there will be a direct relationship between the amount of active terminals entering the market and the value of the token over time. Additionally token owners will also be able to buy goods at participating merchants using their cloud based wallet should they want to etc?

The KINEKT Terminal is a world first nothing like it currently.

When you read the information on the website and white paper carefully it states...

"Current terminals can to do just one type of transaction at a time, for example either a loyalty or payment transaction. The KINEKT Terminal can process MULTIPLE transactions using just a FINGERPRINT + PIN.
 
Additionally transactions are managed by ARTIFICIAL INTELLIGENCE to automatically select a customer's default (preferred) card service/s, or changed on-the-fly as required using the touch terminal itself."

Looking at the current terminal market everything is fragmented, doing just one thing so you have a separate loyalty card terminal, a bank card terminal and now some also want to introduce a crytocurrency terminal with most requiring a smartphone or bank card to work? With KINEKT a merchant can accept any transaction including normal fiat money, cryptocurrencies, loyalty, charity etc without requiring a bank card or smartphone.

Dig deeper and you will see KINEKT also work differently on the back-end as it does not get involved with the actual processing of the transactions themselves, instead it merely communicates customer transaction requests with banks (for example) plugging into the backend settling the transaction directly with the merchant bank so card fraud etc goes away - it is game changer!

The 50% "holding bonuses" are ON TOP of bonuses received during the sale, however the "holding bonusse can only be claimed if buyers hold on to their tokens for 1 year. This has nothing to do with bonuses originally received during the sale, it is simply an additional incentive. The wording on the site was just changed to help avoid further confusion!

The 50% "holding bonuses" are ON TOP of bonuses received during the sale, however the "holding bonusse can only be claimed if buyers hold on to their tokens for 1 year. This has nothing to do with bonuses originally received during the sale, it is simply an additional incentive.