WHAT IS A BLOCKCHAIN?
You’ve likely heard of “crypto” and names like Bitcoin, Ethereum, or even DogeCoin. These are crypto currencies built on blockchain technologies. Blockchain is way more than just the backbone of new digital money, it’s the most exciting, disruptive, and revolutionary technology since public adoption of the Internet. There are essentially two types of ways to keep track of activities such as transactions; centralized, the way a bank may be the sole entity keeping a ledger of your bank account, transactions, credits, and so forth, and; decentralized, where a network of unrelated and disparate users and devices create a consensus to validate and record a ledger. Blockchain is simply an open and public system by which ledgers, such as financial transactions or contract exchanges between parties, are validated and recorded by a group of unrelated parties to ensure accuracy.
BLOCKCHAIN IS A POWERFUL TOOL
By design, a blockchain is very resistant to modification of the data recorded in it. It is an open, distributed ledger that can record transactions between parties efficiently and in a verifiable and permanent way. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires total agreement of the majority of parties on the network. Because of this, the blockchain contains a true and verifiable record of each and every transaction ever made in the system. Blockchain allows for the recording and verification of transactions for virtually anything of value and, when combined with other information assets, becomes an incredibly powerful tool on which to build secure content and value exchanging ecosystems not previously possible.
KAXAA IS BLOCKCHAIN TIED TO REAL ESTATE
Kaxaa (pronounced “Ka-sa”) is a blockchain that’s tied to the will be freely tradable and usable like a “currency” in real estate transactions and for trade on open exchanges with value tied to global real estate market factors. Kaxaa connects token holders and other stakeholders to real world market value indicators in a more substantial and permanent way than typical volatile speculative crypto projects. Kaxaa is the vehicle for the convergence of the emerging new generation of enthusiasts, especially newcomers to crypto, who are open to new technologies and better ways to do things. Expand on this. Maybe discuss the index?
KAXAA IS STABLE: VALUE IS NOT SET BY THE WILD MARKETS
Kaxaa is the native utility token of the Kaxaa blockchain network. KAX carries no economic rights and is not backed by, and does not represent any claim on, real estate assets or any other property. Its market price is determined solely by supply and demand. The Kaxaa Index, a synthetic index of real estate and economic data, is used only as a reference point for pricing certain functions of the network. Kaxaa Tokens are intended for use within the Kaxaa Platform and in transactions between parties who wish to use them.