Kirobo is an Israeli startup that creates an additional logic layer into blockchain protocols to protect individuals, custodians, exchanges, and wallet providers from human error. The project's final goal is to make blockchain as simple and secure as online banking.
KIRO is the protocol's native transaction token.
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What Is Kirobo
Kirobo was designed to solve or limit the problems created by the very nature of blockchain technology. Blockchain technology, by nature, is immutable and anonymous, making human error very easy to make. Kirobo was designed to minimize the risk of human error in blockchain technology.
Kirobo founders' mission is to create a logic layer that sits on top of each individual blockchain and protects users from human error. The goal is to limit the challenges posed by the nature of blockchain technology and make it as simple and secure as online banking. Kirobo technology has allowed users to cancel and reverse transactions before they are finalized, eliminating the transaction risks.
Asides from tackling the challenge of human error, Kirobo also hopes to make more cases for decentralization. The entire concept of cryptocurrency was built on decentralization, giving people complete control over their finances without the need for any third party to manage their financial affairs. However, people started seeking safety in centralized solutions like Binance and Coinbase due to the challenges peculiar to blockchain technology.
Kirobo hopes to tackle blockchain-specific issues, such as:
- Loss of digital assets.
- Reliance of users on exchanges instead of Peer-to-Peer transactions.
Kiro Coin
KIRO coin is the native protocol coin of the Kirobo ecosystem.
KIRO is used to reduce network fees by opening a payment channel between the user and the pool contract, allowing aggregation of payment by offline transactions.
Users can also stake their KIRO to get rewards.
The highest price paid for KIRO since it was launched or listed was $ 3.1217282.
Kirobo Coin Founders
Kirobo is an Israeli Startup founded and headed by Asaf Naim.
Naim is an experienced accountant and veteran entrepreneur with a Master’s degree in Business Taxation. He’s passionate about blockchain technology and its applications for business.
Asaf has served at companies like Bank Leumi and Ernst & Young, as well as several leading startups in Israel and the United States.
Kirobo has raised over $7.2m and is currently funded by three investors, according to Crunchbase.
How Does Kirobo Work
Kirobo’s additional logic layer built into blockchain protocols is called Retrievable Transfer. It acts as a third verification step, helping users to avoid losses from transaction errors by requiring the sender to add a passcode to their transfer. The recipient must then enter a matching passcode before the funds get released. Until the recipient enters the correct code, the sender can cancel and retrieve the transaction.
Kirobo consists of a single consolidated platform called the Kivault on which all the Apps work. The Decentralized Apps on Kivault provide users with the following features:
- Undo Button
- Backup
- Inheritance
- P2P Safe Swap
- Arbitrage
- Business platform.
For a better explanation of how these features work to further Kirobo’s mission, read the white paper here.
How to Buy Kirobo
You can trade Kirobo on MEXC, Bitrue, Uniswap (V3), PancakeSwap (V2), and Uniswap (V2) cryptocurrency exchanges.
