What is UKa$ii?
UKasii (You-kashee) is a completely mobile Cryptocurrency Rewards Program for consumers, built on blockchain technology and planned for launch in Nigeria in April 2019, before expanding to other African states.
UKasii is made up of two cryptocurrency elements
UKasii is inherently simple allowing customers to earn “cash” for cash spent in the form of cryptocurrency called Kasii Tokens.
UKasii allows for fast payments via mobile phone.
UKasii allows customers to earn Kasii Tokens at one business and spend it at another.
UKasii allows businesses to target customers to provide genuinely relevant personal offers and benefits.
Increase in Disposable Income+
You will earn “cash” rewards for spending cash, thus UKasii will facilitate wealth through credit growth.
Data will be given back to you, and you only, where it will remain private, unless otherwise decided by you. You will decide if you wish to reveal more about yourself to brands, in return for additional benefits.
Location Based Currency+
No matter where you are in the world, you will see your UKasii and Kasii cryptocurrency in local currency on the UKasii app. If you have earned N36,000 Kasii in Lagos, this will appear as R1,329 if you travel to Cape Town, and $100 if you travel to the United States.
You will be able to send Kasii to friends and family, anywhere in the world where UKasii is accepted.
The UKasii app will indicate where Kasii is accepted and can be earned as a currency. You will be able to make all of your purchase transactions via mobile phone, no matter where you may be in the world, using the Kasii Token as currency where UKasii is accepted.
Increased Customer Reach+
UKasii will provide access to a larger potential customer base via its network effect culminating from the generous earning incentives for customers.
Larger partner network+
UKasii Partners will become part of a larger local, regional and potentially global partner network, without the need for working on bilateral agreements.
UKasii Partners offering the Kasii Token will earn additional monthly revenue based on the level of customer spend by UKasii customers.
UKasii Partners will be able to extract reports from large and varied data sets, to uncover market trends and pinpoint customer preferences to make better marketing decisions in creating campaigns via the UKasii Partner Portal.
Real Time Campaigns+
UKasii partners will be able to send promotional push messages for “upsell” campaigns while the customer is in store, without the need for NFC (Near Field Communication) technology.
By accepting and utilising UKasii, consumers and corporations alike will be investing in their local communities through social projects, to support and enable the less affluent and those at a disadvantage to progress in life.
* UKasii will strictly comply with all local and regional Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and cooperate with regulators if needed.
The World Revolves Around You
It’s been said that when a butterfly flaps its wings, it can cause a typhoon halfway around the world. That is the power of something as small, beautiful and delicate as a butterfly. Seemingly small actions, can have much greater effects. Similarly, UKasii cryptocurrency rewards will provide value far greater than “cash back” and partner benefits, regardless of the level of expenditure. No matter how small the spend by a UKasii customer, the benefits will be felt by many, far and wide.
"Don’t judge each day by the harvest you reap, but by the seeds you plant"
A key pillar of UKasii global culture, vision and mission is to give back to communities which it serves and help those that are most in need.
To this end, UKasii has assigned 5% of funds that will be received from the UKa$ii ICO, to initiate its CSR drive.
Similarly, 5% of gross revenues annually will be invested in social initiatives, with UKasii teams actively collaborating with local businesses and NGO’s.
By using UKasii cryptocurrency, consumers and merchants will be contributing and having a direct impact on the development of their region.
UKasii users and merchants will be able to nominate causes as well as track the progress of UKasii CSR projects, news updates of which will be provided via push notification to the UKasii mobile app, partner portal and on this website.
Initial Coin Offering
1 - 8 March 2019
Pre ICO $0.01
11 - 22 March 2019
ICO 1st Round $0.03
25 March - 5 April 2019
ICO 2nd Round $0.04
Total number of UKa$ii Coin that will ever be distributed
25 million UKasii (5%) will be held by the UKasii founder shareholders. Founder shareholders will not be able to divest their UKasii Coins for two years from the date of issue.
20 million UKasii (4%) will be distributed to launch contributors. Launch contributors (e.g. Advisors / Non- Executive Directors, branding agencies) will not be able to divest their UKasii coin for one year from the date of issue. Any UKasii Coin not distributed will be added to the reserve.
180 million UKasii (36%) will be held in reserve to be distributed as part of UKasii services to customers who decide to exchange Kasii at preferred rate, (estimated at less than 3% annually). Once the reserve is depleted, UKasii Coin will only be available for purchase on cryptocurrency exchanges at the market rate, in exchange for their accepted currencies.
275 million UKasii (55%) will be offered at (capped) ICO where our target is to raise $5,000,000.
ICO Target $5 million
ICO Min. Target $1.7 million
ICO Hard Cap $7 million
Token Symbol UKS
Token Platform Stellar
USD, EUR, GBP, BTC, BCH, ETH, LTC, XLM
Min. Transaction Amount $25 USD
Max. Transaction Amount $10,000 USD
Finite / Controlled - less than 3% annually.
How ICO Funding Will Be Used (%)
In the event the ICO minimum target of $1.7 million is not reached, depending on the shortfall margin, and the then position with UKasii Partners, investments will be refunded, or the project may forge ahead.
In the event that the ICO Target of $5 million is reached, the Top 500 investors will receive a Bonus based on the table below:
- 25% for investments at Pre-ICO
- 20% for investments in Round 1
- 10% for investments in Round 2
A LIVE Investment Leaderboard will be displayed on the UKasii ICO website, showing the Public Keys of the cryptocurrency investors in the Top 500. Their Investment amounts will not be shown.
In the event that the ICO Hard Cap of $7 million is reached, the ICO will end. Any remaining UKasii Coin will be added to the reserve.
June 2018 - Continuous Partner Contracting.
June 2018 – Continuous Development and Testing of UKasii platform:
- Cryptocurrency (UKasii Coin and Kasii Tokens)
- Mobile App (iOS and Android separately dedicated)
- UKasii Partner platform (for reporting, analytics, marketing and campaigns)
- UKasii cryptocurrency rewards program rules engine
- UKasii consumer database
September 2018 Registration of UKasii Nigeria
November 2018 – April 2019 UKasii marketing activities / Roadshows / Conference Attendance
1 - 8 March 2019 Pre ICO
11 - 22 March 2019 ICO 1st Round
25 March – 5 April 2019 ICO 2nd Round
Q2 2019 UKasii GO LIVE with first partner.
Q4 2019 Launch "UKasii Swap" mobile app feature to exchange Kasii Tokens for Ukasii Coin
Q3 2020 Launch UKasii South Africa
Who We Are
Mustafa Ozalcin - Founder and CEO +
Mustafa lead the business growth and development of the airline industry’s leading frequent flyer / loyalty platform, which was acquired by the world’s largest travel IT provider, Amadeus Group, in April 2013.
With a deep knowledge of product, branding, services management, sales & marketing, business process optimisation and technology, and over 20 years airline and travel industry experience, Mustafa's charmingly unpretentious approach to commerce and commercial relationships has enabled him to maintain a continued track record of success.
From untangling "diplomatic crises" between major airlines and governmental organisations, to negotiating multi-million dollar technology contracts, to designing award winning advertising campaigns, Mustafa is a grounded and disciplined management executive.
Mustafa's main focus has always been streamlining end to end operations within an organisation. He led the internal restructuring of Turkish Airlines loyalty department and program Miles and Smiles, which became a member of Star Alliance under his guidance as well as leading the commercial integration of Hitit CS' Loyalty Division into Amadeus, post acquisition.
Born in 1971, Mustafa is a graduate of the streets, and the University of Huddersfield, well travelled and has lived and worked in London, New Jersey, Hong Kong and Istanbul; all of which have served to fine tune and mature his perception of people, commerce and the world in general.
Rob Prophet - Advisor to the Founder +
Rob Prophet is an international business executive with extensive multi-cultural experience spanning 25 years and has assisted global brands such as Delta Airlines, Air France / KLM, Qatar Airways, Emirates, and Korean Air.
With over a decade of successful consulting experience behind him, Rob works with various governments, international organisations and investment banks such as The African Union, The IMF, Lancea Partners of London City, and the city-state of Singapore.
He is specialist turn-around strategist and a consultant to airports, transitional government bodies and African start-up carriers.
Rob’s position as Advisor to the Founder is underpinned by his wealth of experience developing and managing commercial activity across Central Africa and an unblemished track-record of conceptualising and linking conceptual strategy to pragmatic implementation.
Rob’s true passion lies in working and guiding emerging markets, with regards to economically sustainable strategies and national economic growth. In this area he has worked with 3 of the top 6 Oil & Gas production governments in Africa, achieved 2 successful airline turnarounds (including the largest Low Cost Carrier on the African Continent), the newly launched National Carrier of Congo-Brazzaville (ECAir), and the largest African VC bank in Africa (Afrimexbank).
Rob comes from a multicultural family background and holds Canadian, Dutch and South African citizenship. This mix of cultural understanding has allowed him to live and work in 23 countries across the globe, ranging from the USA to Mexico, to Malawi to Oman, and Korea.
Rob holds MBA and MBI degrees.
Chinelo Obidigbo - Non Executive Director (Legal) +
Chinelo is a talented International Corporate / Commercial lawyer, based in Nigeria, with a specialist background in Human Resources. She represents and advises both foreign and Nigerian startups / clients relating to Oil and Gas, aviation, maritime, logistics, telecommunications, project management and corporate governance.
As a graduate from the University of Bradford UK, she was called to the Nigerian Bar in 2012, with 6 years’ experience.
Chinelo has successfully grown a Nigerian start up to an international standard and has also advised both local and international clients on principles of contract, labour and employment, management and investment opportunities in Nigeria as well as procedures and the applicable laws. She also participates in due diligence exercises conducted on companies targeted for investment, mergers and acquisitions.
In her spare time, she volunteers with various non-profit organisations such as K’odimma initiative For Human Development and the Osisioma Foundation.
Chinelo is currently part of the team organizing TEDx Nza Street in Enugu, Nigeria.
Ravindra Bhagwanani - Non Executive Director +
Ravindra Bhagwanani is Founder and Managing Director of Global Flight, a leading consultancy in the area of travel loyalty programs, set up in 1996 and is one of the prominent global experts in travel loyalty programs.
Under his guidance and direct involvement, Global Flight has worked with over 50 companies in the industry over its history, covering various sectors. As such, Ravindra has direct access to the latest market developments and helps to influence them. Along with his role at UKasii, Ravindra sits on the advisory boards of a small number of other handpicked companies in the loyalty industry.
Ravindra graduated as aeronautical engineer at the Berlin University of Technology and the Ecole Nationale de l'Aviation Civile (ENAC) in Toulouse. He is fluent in several major languages, including English, French, German and Spanish.
Under Ravindra's chairmanship, Global Flight also organises the annual Loyalty & Awards Conference, the largest dedicated gathering in the travel loyalty industry.
Ravindra was born in Switzerland in 1969 and is married with one son.
Omer T. Zaim - Non Executive Director +
Omer is a business management and Information Technology consultant with a background spanning over 25 years, delivering technology modernisation and platform improvements for high-end global organisations from a wide range of industry.
Known for the unique combination of his affable personality and dynamic leadership skills, Omer’s business ethics have allowed him to serve clients including BSkyB (UK), Channel 5 (UK), Richemont, Cartier, D-LINK, UK Health Care and Public Sectors, among many others, enabling them to change and adapt to new technology platforms.
With a strong focus on solution design, strategic planning, business systems and service analysis, Omer also has a deep understanding of technology within application support / development, ERP systems management, Information & Data Security and Infrastructure.
Omer has been an early adopter of blockchain technology and cryptocurrency and has installed mining rigs of scale for various cryptocurrencies. He has supported cryptocurrency investors across more than 50 different locations and has been instrumental in educating, supporting and setting up collaboration seminars for organisations, providing consultancy and delivering ICO evaluations for cryptocurrency investment opportunities.
UKasii "Team X" +
As a start-up organisation UKasii has a number of executives and key team members from technical and commercial backgrounds, both international and local from Nigeria, who have been dedicating their time, and played very important roles in the development and progress of UKasii, pro-bono, for the past year.
Due to their positions with their current employees, they have requested to remain anonymous until such time that UKasii is able to officially announce them as employees.