KHANAIRES LLC, Winner of the 2023 Dubai Crypto Expo Most Innovative NFT Project!
share
do
share
share
The 2023 Dubai Crypto Expo was held which was attended by 38 countries and over 200 global projects.
Among the participants of the event, Khanares marked a new presence in the market. Khanares is a South Korean company that specializes in securitizing tangible/intangible assets. Their new registration in Dubai has been announced at the Dubai Blockchain Expo 2023, and they have introduced a new concept called ‘Prosumer’ which is a new economic principle that is the basis of their new product called NFW and their new marketplace of Semi-DeFi. Is.
We are more familiar with the term NFT. But what is NFW? NFT stands for non-fungible token, and it means that something is unique and cannot be replaced with a certain value or worth. Every NFT has a digital signature that makes it unique. NFW (Non-Fungible Warrant) is essentially the same, except it focuses on another function that all NFTs also have but are never used; Warrant. NFW is buying and selling intellectual property with copyright protection under the ‘Prosumer’ economic principle. Unlike any other NFT in the world, the profit structure of NFW is backed by patents and copyrights owned by Khanjang, the owner of KhanEras. Their patents and copyrights are very powerful IP which are game changers in the world market. Because of this powerful tool, NFW holders are able to receive exclusive types of royalties that the market never expected.
What is Semi-DeFi?
There have been many changes and developments in the crypto world in terms of technology, and decentralized finance is the concept that has changed the market mostly. Using smart contracts, developers have come to enable a sophisticated Dapp that allows people to exchange some tokens for another just like on exchange sites; Except that they are decentralized. These platforms have announced their projects, and are also able to sell their native tokens on the market. However, these actions have been questioned by the SEC due to security issues. Khanares has focused on solving this problem since 2018. Their product, NFW, has a similar function of royalty distribution, but it focuses not only on transactions, but also on dividends from copyright and patent royalties that are associated with their products. Their main service, Khanatem, is an app similar to YouTube or TikTok, where anyone can upload their talents and values in video format and receive sponsorship by receiving a PUSH that is recharged by that platform’s viewers. is done. In this structure the prosumer concept is used, and one more concept is added to it; This platform only allows national fiat to be traded to recharge their currency. They call this new concept ‘Semi-DeFi’. Following the same method, they have been selling their NFTs, and paying taxes to the Korean government for 5 years; VAT and other income taxes. 5 years of fiat trading and loyal tax payments have allowed them to conduct their NFT sales without worrying about securities issues. They call this new approach Semi-DeFi, the next solution to legitimizing the De-Fi concept.
Khanires, which is selling its products in South Korea, is crowdsourcing the voting process for Khanires’ products through SNS by Khanzhang, the creator of the economic theory ‘Prosumer’, and his 15,000 members. Since 2018, based on the invention patent of ‘Auction Type Forward Trading System’ and the patent of ‘Method of sharing receivable rights derived from intangible assets’, they have generated more than USD 65,000,000 in added value and income for members. Have done. Last 5 years. In the process, they have announced the world’s first achievement of fully paying all value added taxes and other income taxes without imposing securities transaction tax or dividend income tax.
Prosumer is an economic model in which consumers crowdsource ideas as producers, and companies outsource the development of members’ ideas into products, so that members create all the products themselves and share the profits. Khanares has been serving the Khanatem app in Korea for five years, including the Prosumer economic principle, and has registered Khanares LLC in Dubai on the occasion of this crypto expo to make the Khanatem service global.
The economic activity of Khanares was the first demonstration of SEMI-DEFI in South Korea over the past five years, free from the securitization decisions imposed on the global crypto industry by financial regulators. For this achievement, the company won the ‘Best Innovative NFT Marketplace’ award on the final day of competition at the 2023 Dubai Crypto Expo, which was well received by the judges and many expo attendees.
About this
KHANAIRS, is a South Korean company that is introducing the concept of Semi-DeFi to the world community with its Prosumer Economy principle. It introduces the new approach of NFTs through NFW (Non-Fungible Warrants) as well as its registered patents “2016 Contention – Type Forward Transaction System” and “Online Sharing System and Sharing Method for Warrants of Receivable Rights” Presents with, which are related patents.
KHANAIRES has been successfully implemented and paying taxes in Korea for the last 5 years. It successfully overcomes the problems of the Howe test and applies NFW to trading in l fiat currency. This has been a revolutionary innovative concept in the markets of cryptocurrency and DEFI concepts.