akil token whitepaper

www.akilcoin.com

Akil Token01-June-2021

AKIL TOKENWHITEPAPER

www.akilcoin.com Page-02

TABLE OF CONTENTS

Introduction

Specification Overview

Blockchain Technology

Akil Token project distribution in details

Roadmap

Logo & Icons

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Why Akil Token ?

Who are we?

AKL Team

What Is a Cryptocurrency and Why Use It?

Blockchain Technology Explained

Official Website & Social Media Links


AKL Wallets

AKL Ecosystem

Akil Token Swap

Online payment system Akil Token Pay

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Risk factors

Legal notice

Terms and definitions

Airdrop Distribution Plan

Affiliate/ Referral Program

Bitcoin Transactions


Lately, you can just about buy anything with cryptocurrency — from real estate’s to top of the line supercars. However, when it comes to shopping for groceries or buying a latte in your favorite café, it’s back to good ol’ fiat currencies.

Cryptocurrency offers an unprecedented level of security and protection when it comes to the storage and transfer of values. Its disintermediation of traditional financial infrastructure and decentralized service delivery has availed millions of people all around the world by providing access to transparent banking services.Traditional banking facilities, on the other hand, are notorious for their excruciating queues, lack of transparency, high banking fees, draconic registration processes, and international transfer woes. Yet, people have no choice but to put up with it due to one reason — liquidity.Liquidity is the measurement of how easily/quickly an asset or security can be bought or sold without affecting the market price. Cash is widely considered to be the most liquid asset due to its seamless ability to change states while retaining the same value. It is easily converted into virtually any asset within a very short period of time and its value is readily known. What if there was a payment solution offering users the privacy and security of cryptocurrencies while retaining the liquidity we’re used to with cash?

What if there was a solution that allowed users to spend cryptocurrencies as easily as cash without the need to juggle numerous wallets or employ third-party services to convert it? What if the solution was as simple as swiping a card? Well, that solution is here — with “AKL”.

Introduction


Akil Token is designed for user privacy, shielding transactions with anonymous designations while deploying industry leading encryption methods. Akil Token is a complete solution, providing users with a fully private, secure, fast and decentralized solution. Protect your assets and remove banks from the equation. Avoid paying large sums with truly private transactions! You do not have to fear about the blockage of your financial capabilities based on the whims of some power-hungry managers. Akil Token will allow you to become your own bank. You can spend your money safely and privately without leaving a trail of documents marking every step in your life.

We are a community dedicated to privacy. Comprised of consummate professionals with a passion for privacy, our goal is eschewing the age of bank control over personal financial situation and to establish the power of choice. AKL is the ultimate solution, providing financial freedom coupled with opportunity.

Why Akil Token?

Who are we?


Our passion for privacy extends to the AKL Team. Comprised of the best of our exceptional community members, our team is given the choice to list their credentials. Intentionally optional, this approach reaffirms our dedication to maintain the choice of privacy in every facet of our operation. Those who establish themselves as trusted members of the community with regular contributions have the option to list their profile at the website - showcasing their skillset as well as the groups they are involved in.

Once again this is completely optional. For those interested we recommend reaching out to our team on discord. If you would like to have your profile added, contact us today to begin the process. Every member of the AKL Team exemplifies the following: •Professionalism- Interactions are conducted in a professional manner with integrity •Communication- clear and concise communication is evident, aiding others with helpful insight •Dedication- remains steadfast in their convictions, displaying a tireless work ethic •Expertise- exceeds the parameters of operational knowledge, is able to providehigh level competency

AKL Team


Cryptocurrencies are digital assets that use cryptography, an encryption technique, for security. Cryptocurrencies are primarily used to buy and sell goods and services, though some newer cryptocurrencies also function to provide a set of rules or obligations for its holders—something we will discuss later. They possess no intrinsic value in that they are not redeemable for another commodity, such as gold. Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.

At this point, use of cryptocurrencies is largely limited to “early adopters.” For scale, there are around 10 million Bitcoin holders worldwide, with around half holding Bitcoin purely for investment purposes. Objectively, cryptocurrencies are not necessary because government-backed currencies function adequately. For most adopters, the advantages of cryptocurrencies are theoretical. Therefore, mainstream adoption will only come when there is a significant tangible benefit of using a cryptocurrency. So what are the advantages to using them?

PSEUDONYMITY (NEAR ANONYMITY)

Buying goods and services with cryptocurrencies takes place online and does not require disclosure of identities. However, a common misconception about cryptocurrencies is that they guarantee completely anonymous transactions. What they actually offer is pseudonymity, which is a near-anonymous state. They allow consumers to complete purchases without providing personal information to merchants. However, from a law enforcement perspective, a transaction can be traced back to a person or entity. Still, amid rising concerns of identity theft and privacy, cryptocurrencies can offer advantages to users.

What Is a Cryptocurrency and Why Use It?


Blockchain technology underlies Bitcoin and many other cryptocurrencies. It relies on a public, continuously updating ledger to record all transactions that take place. Blockchain is groundbreaking because it allows transactions to be processed without a central authority—such as a bank, the government, or a payments company. The buyer and seller interact directly with each other, removing the need for verification by a trusted third-party intermediary. It thus cuts out costly middlemen and allows businesses and services to be decentralized.

Another distinguishing feature of blockchain technology is its accessibility for involved parties. It’s akin to Google Docs, where multiple parties can access the ledger at once, in real time. Today, if you write a friend a check, you and your friend balance your respective checkbooks when it’s deposited. But things start to go awry if your friend forgets to update their checkbook ledger, or if you don’t have enough in your bank account to cover the check (which the bank has no way of knowing beforehand).

With blockchain, you and your friend would view the same ledger of transactions. The ledger is not controlled by either of you, but it operates on consensus, so both of you need to approve and verify the transaction for it to be added to the chain. The chain is also secured with cryptography, and significantly, no one can change the chain after the fact.

How A Blockchain Works:

Blockchain Technology Explained


Chain : BEP20

Full Name : Akil Token

Symbol : AKL

Maximum supply : 10,000,000,000,000 AKL

Airdrop : 3,000,000,000,000 AKL

Decimal : 8 (Eight)

Type : Utility

Akil Token

Specification Overview


The blockchain is a public, distributed ledger of all transactions in a given system. It constantly grows as completed blocks (transactional information) are added to it. These blocks are built in a linear and chronological order through cryptography.

Being a public system, information stored on the blockchain is readily available to all users; anytime, anywhere. However, its distributed nature ensures that this information is tamper-proof and immutable. The blockchain is rapidly permeating global economic systems — lowering costs, reducing risk, enhancing efficiency, and ushering new-found levels of trust through disintermediation of services.

The global financial system is enormous, requiring massive coordinated manpower and resources just to process a single transaction. Intermediaries are always required to send, receive and verify transactions, resulting in a slow and cumbersome process. These intermediaries are human and are prone to human failings, often resulting in catastrophic outcomes like the global financial crash of 2008-09. They are also, more often, targets of fraud and fraudulent activities which have resulted in very restrictive regulations being instated and overall higher costs for everyone.

The global financial crisis of 2008-09 — the worst economic disaster since the Great Depression of 1929 — brought untold hardships to millions all over the world and a credit crunch that we are yet to recover from. Global economic Copyright © 2020 Akil Token ICO 8 growth is yet to return to the rates it saw before the financial crisis. Most companies have been forced to restructure and lay off workers; unemployment rates are still too high.

Blockchain’s elimination of third parties and immutability is facilitating a paradigm shift towards a more secure, transparent, and decentralized banking system that firmly places control back into the hands of the users.

One sector that is being revolutionized by this emerging technology is the financial sector. The advent of blockchain technology has shed light upon a greatly-needed trust in financial transactions through direct peer-to-peer transactions, bypassing traditional intermediaries.

Blockchain Technology


Total 100%(10,000,000,000,000)

Airdrop & Community Building 30% (3 Trillion)

Marketing 20% (2 Trillion)

Promotion 15% (1.5 Trillion)

Developer Team 10% (1 Trillion)

Project Management 10% (1 Trillion)

Safe Fund 15% (1.5 Trillion)

Akil Token Project Distribution

Bar Chat: Total Supply & ICO Sale

10 T

rillio

n O

nly

TotalSupply

Airdrop&

CommunityBuilding

30%

(3 T

rillio

n)

Marketing

20%

(2 T

rillio

n)

Promotion

15%

(1.5

Tril

lion)

Project Management

10%

(1 T

rillio

n)

Developer Team

10%

(1 T

rillio

n)

Safe Fund

15%

(1

.5 T

rillio

n)


Airdrop &

Community Building

Marke

ting

Promotion

Safe Fund

Developer

Team

Proj

ect

Man

agem

ent

30%

20%

15%

15% 10%

10

%


Road Map

Planning & Idea Generation.

Plan Improvement, Research& Concept Development.

Brand Logo, Color AndCompany Policy Development.

Final Content Text File &White Paper Almost Done.

Start Design AndDevelopment Work Process.

Test Operation On GoingFor Final launching.

Plan Implementations &Start Structural Development.

Year 2018

January 2020

December 2020

Year 2019

June 2020

July 2021

Year 2018

January 2020

December 2020

Year 2019

June 2020

July 2021

Road Map


Integration With Popular Multi Coin Mobile Wallet. Multi Coin

Mobile Wallet Is Ready To Buy, Receive & Send.

Release IndividualAndroid & IOS Mobile App

Listing on Different PopularReview Site & Exchange.

Start Airdrop DistributionAnd Swap with BNB

Available on DifferentDecentralized Exchange

And Wallets

Start Community Building &Social Media Development.

July 2021

August 2021

September 2021

October 2021

November 2021

December 2021

July 2021

August 2021

September 2021

October 2021

November 2021

December 2021


Start Partnership with DifferentMarchant To Use AKLAs Payment Method

One Of The Most Popular &Top Listed Coin

In Crypto Market.

Become One Of The BestGlobal Payment Systems.

Will Develop Gradually.Stay With Us For Next Biggest

& Amazing Surprise.

Good Rank OnListing On Coinmarketcap.com

And Worldcoinindex.com

Available on 10+ PopularCryptocurrency Exchange

Year 2023

February 2022

Year 2024

March 2022

January 2022

Next

Year 2023

February 2022

Year 2024

March 2022

January 2022

Next


Logo & Icons

1. Official Header Logo

2. Official Footer Logo

3. Official Icon

4. Official Febi Icon


Official Website & Social Media Links

Platform

Website

Facebook

Instagram

LinkedIn

Youtube

BitcoinTalk

Reddit

Link

https://www.akilcoin.com/

https://www.facebook.com/Akil-Coin-108465504840226/

https://instagram.com/akilcoin.official?utm_medium=copy_link

https://www.linkedin.com/in/akil-coin

https://youtube.com/channel/UChwYUOof8OWwY_JP-BExeWQ

https://bitcointalk.org/index.php?topic=5351608.msg57566412

https://www.reddit.com/r/akilcoin?utm_medium=android_app&utm_source=share


ICO Sell and StepsAirdrop Distribution Plan

Enjoy AKL Airdrop for limited time, Just with Network Fees.

1. Simply Visit www.akilcoin.com

2. Connect with Wallet (Metamask / Trust Wallet / Others)

3. Continue With Network Fees In BNB

4. Receive 10,000 AKL Token As Airdrop on your Wallet

ICO Sell and StepsAffiliate / Referral Program

Invite Your Friend To Earn More.

1. Simply Visit www.akilcoin.com

2. Connect with Wallet

3. Copy Your Referral Link & Send To Someone

4. Once He/She Will Qualify Airdrop

5. You Will Receive 2000 AKL On Your Account Automatically


Here are some types of wallets that we offer our users:

Binance smart chain (BEP20) supported all decentralized wallets and exchanges you can use as Akil Token wallet.

Moreover we will release our own mobile wallet for Android and IOS operating system.

AKL Wallets


Akil Token Swap

Simply Buy AKL With BNB With Following Price

Amount

10,000

100,000

1,000,000

10,000,000

100,000,000

Price

0.01 BNB

0.10 BNB

1.00 BNB

10.00 BNB

100.00 BNB


AKL is a seamless payment ecosystem aiming to bridge the divide between crypto and the mainstream market. The platform enables companies and individuals to send, spend, store, and exchange cryptocurrencies and fiat currencies through secure web wallets, physical debit cards, merchant payment terminals.

SBC EcosystemAKL Ecosystem


Multilingual payment system form supports the most widely spoken languages of the world, including Hebrew; it is suitable for use on any device and due to its friendly interface, is understandable even to those payers, which previously did not use any crypto-currency.

Online payment system:Allows receiving AKL tokens as payment in online stores and offline stores.

Allows having a minimum fee for transactions.

All the features of the system are available immediately after registration:the required formalities are minimized.

Online payment system Akil Token Pay


The investment, acquisition, donation or other transfer of funds into electronic instruments, such as the development of Internet projects, cryptocurrencies, including the Akil Token, is associated with risks, including but not limited to the following.

Regulatory uncertaintyBlockchain technologies are controlled by various regulatory bodies around the world. Any cryptocurrency, tokens and tokens Akil Token can also be regulated by them, which makes it possible to restrict the use or possession of digital crypto-tools, or the purchase of crypto-tools in future.

Akil Tokens is not an investment and does not involve passive income. AKL do not have any rights, scopes, goals, attributes, functionality or features. All persons and parties involved in the purchase of Akil Tokens do it at their own risk. All persons, receiving loyalty points understand that their use is possible only within the framework of the created ecosystem. Since the crypto-currency market, the market of crypto-tools, tokens or bonuses, exchanges and platforms on which secondary tokens can be traded are not regulated by applicable law, the volatility of the cryptocurrency, tools, bonuses or tokens in general and Akil Token, in particular, can be very significant.

Transactions with crypto-currencies, transactions with bonuses, tokens and other electronic instruments are not insured by any external public or private bodies. All the risks associated with the loss of cryptocurrency, tokens, points, including Akil Tokens, are borne by the acquirer of the cryptocurrency.

AKL is not refundable. The company does not repurchase Akil Tokens from Akil Token holders. Holders of Akil Tokens will not receive financial means or other compensation in the form of compensation. The company makes no promises regarding the future performance or value of Akil Tokens and does not affect future indicators.

Risk factors


Risks related to Internet technologiesSince Akil Token activities are tightly linked to the global Internet, any of its failures are a risk of incorrect operation of Akil Token applications and platforms.

Risk of loss of private keysAkil Tokens can be stored by the buyer in his/her digital wallet, and a digital key or a combination of digital keys in is required for getting access to it. Losing these required keys will result in the loss of access to the buyer’s wallet and all funds stored in this wallet. The risk of losing the key remains exclusively on its owner, Akil Token does not bear any responsibility for the loss of digital keys.


The User acknowledges, understands and agrees that Akil Tokens are not capital issues and are not registered with any government agency as security, and should not be treated as such.

Akil Tokens ownership does not imply a right to participate in the management of Akil Token projects. Akil Tokens ownership does not provide a stake in Akil Token and any projects operating within the Fund. The transfer of funds in favor of the project is charitable and aimed at creating an ecosystem of projects. This document is not a public offer and is purely informative.

www.akilcoin.com

The User acknowledges to comply with the rules concerning anti-money laundering and terrorism financing, and is aware of necessity to undergo a procedure of identification –KYC in case of transfer Akil Tokens on the crypto exchange or to the third party.

Legal notice


Crypto-currency is a decentralized virtual currency. It is not pegged to any state. It is cryptographically protected and decentralized, the information about transactions in it are entered and stored in Blockchain. Akil Token for the purposes of this project is understood as points, distributed within the project participants, as a reward for financial or administrative contributions to the development of the system and project. It is intended only for the provision and use of registered project participants.

Blockchain is a continuous sequential chain of blocks containing information; A system that fixes all the agreements between its participants.

Smart contract is a computer algorithm developed to conclude and maintain agreements within the framework of a blockchain.

Token Sales is a primary token offerings to users.

Akil Token (AKL) - in this case, it is one (point) of the Akil Token.

Akil Token Holder is the owner (holder) of AKLs.

Bounty is a part of marketing costs; this is the cost of supporting the project in social networks, attracting the ambassadors, etc.

Terms and definitions


How does a bitcoin transaction work?So if I’m Bob and I want to pay Alice, those inputs are my proof that I have been given a certain amount of money (although this might just be a portion of my total balance), and the outputs will correspond to Alice’s account.

Main

hash: The hash over this entire transaction. Bitcoin generally uses hash values both a pointer and a means to check the integrity of a piece of data.ver: The version number that should be used to verify this block. The latest version was introduced in a soft fork that became active in December 2015.vin_sz: The number of inputs to this transaction. Similarly, vout_sz counts the number of outputs.lock_time: Describes the earliest time at which a block can be added to the blockchain. It is either the block height or a unix timestamp.

Technical ExplanationThe following images show Bitcoin transaction:

Bitcoin Transaction


Inputprevious output hash: This is a hash pointer to a previously unspent transaction output (UTXO). Essentially, this is money that belongs to you that you are about to spend in this transaction.n: An index into the list of outputs of the previous transaction. This is the actual output that you are spending.

scriptSig: This is a spending script that proves that the creator of this transaction has permission to spend the money

Output

value: The amount of Satoshi being spent (1 BTC = 100,000,000 Satoshi).

scriptPubKey: The second of two scripts provided in a bitcoin transaction, which points to a recipient’s hashed public key.

Transaction verification

The function bitcoin node is the verify that incoming transactions are correct (data hasn’t been tampered with, money isn’t being created, only intended recipients spend UTXOs, etc).

All outputs claimed by inputs of this transaction are in the UTXO pool. Unspent outputs can only ever be claimed once.

The signatures on each input are valid. More precisely, we’re saying that the combined scripts return true after executing them one after the other. More on this in the last section.

No UTXO is spent more than once by this transaction. Notice how this is different than the first item.

All of the transaction’s output values are non-negative.


The sum of this transaction’s input values is greater than the sum of its output values. Note that if the numbers are different, the difference is considered to be a transaction fee that can be claimed by the miner.

In the example, you can find a transaction ID highlighted in yellow. Meta-data along, with a description, is on the right. Inputs and outputs are highlighted in pink and green

To understand how a bitcoin transaction works, it is important to understand what bitcoin itself is. Bitcoin ordinarily is an intangible digital asset that was created to carry out the functions of fiat currencies and more. For example, the 'exchange of value' function of fiat. Also, bitcoin is not a single unit coin but more like a file (which represents money) that is moved when a payment or receipt transaction is initiated.

There are three major components of every bitcoin transaction and that includes: The Input, The Output and the registered amount.

Technical Explanation


The Input

The input transaction represents the address or source of the bitcoin. Such that for every collection of bitcoin unit that is transferred from one source to another, an address of where it originated from is stated. This ensures that every single movement of the littlest amount of bitcoin all goes into a proper immutable record including where they came from.

The Output

The output transaction is simply the other end of the input transaction. The output represents and codifies all necessary information about the receiver of the bitcoin. To receive any amount of bitcoin, you'll have to generate a receiving or output address from your end and send that address to the person who is going to initiate the sending or input transaction. The sender then copies your unique receiving address and initiates that the bitcoin be sent to that address. The output address is more like your bank account number for receiving funds. It is important to note that a single tweak in an output address makes it totally unrecognized in the bitcoin network.

The Amount

For every transaction of bitcoin made, there is a deliberate effort made to enter how many unit of bitcoin is sent or received. It is possible to receive a tiny fraction of bitcoin in a transaction while it is also possible to send huge numbers of bitcoin in a transaction. The system is built in such a way that the bitcoin can be broken down beyond the unit of one (1) meaning that you can send 0.5 bitcoin or even 0.005 bitcoin.

Bitcoin Transaction

When you send bitcoin to someone, your address is saved on the bitcoin network relating to that amount of bitcoin you sent. So also, when you receive bitcoin from another party, your address is stored on an inaccessible record. The record of transactions to and fro enables every unit of the bitcoin in circulation to be accounted for. In fact, it means that if transactions are to be traced, we can do a genealogy research of who made the very first bitcoin transaction and to whom it was sent.


HOW AND WHY BITCOIN ADDRESSES ARE CHANGED AFTER EVERY TRANSACTION.

The bitcoin network is a system and so is the entire unit of bitcoin in the network. The way the system was built makes us know that all units bitcoin available on the network is like a loaf of bread. When you share out of this loaf, you give it an entirely different identity when it reaches its destination. More importantly, a new address is generated to incorporate the bitcoin unit you sent and the units the receiver has in his wallet before yours joined. These are two loafs, from the same origin coming together, again. And they take another identity and become a whole.

Just like when you send $5000 dollars to someone who has $2000 IN their bank account before. When the transaction is completed, the beneficiary will have a while $7000 IN their account even though there is a record of how the $7000 came to being.

Also, after every transaction from the sender, the remaining bitcoin balance he has generates a new address. To ensure this, when sending a bitcoin unit, a sender is made to send the whole unit of bitcoin he has and then the bitcoin network then spilt it within the sender and the receiver. For instance, if I have 1 bitcoin and I want to send 0.5 of my bitcoin to someone, once I initiate a 0.5 transaction, my entire one bitcoin is lifted and divided into two and one part is sent to the other back to the senders wallet


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Akil Token01-June-2021

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