🪙The PassKashToken Solution

PassKashToken (PKT) addresses these challenges by introducing a blockchain-based digital asset tailored for the Caribbean market:

  • Decentralized, Upgradeable Token: PKT is an ERC-20 token using OpenZeppelin’s upgradeable proxy pattern, ensuring security and future adaptability.

  • Low-Cost, Efficient Transactions: PKT enables fast, cost-effective transfers across borders with a built-in 0.5% fee-on-transfer mechanism to sustain platform operations.

  • Integrated Fee Wallet and Exemptions: Transfer fees are collected transparently and sent to a designated fee wallet, with exemptions for key participants to promote adoption.

  • Financial Inclusion via DeFi: By integrating with PassCash, PKT provides access to decentralized payment, savings, and lending solutions unavailable through traditional finance.

  • Support for USD Liquidity Constraints: PKT helps circumvent USD access issues by offering a stable, liquid alternative for regional transactions.

  • Technology Tailored to Caribbean Needs: The token and platform design consider local currencies, regulations, and infrastructure challenges.

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