Hello to all and welcome to my ICO review . For those of you who don’t know me yet, let me introduce myself. My name is Funke and I’m an experienced writer who enjoys what he does very much. I’m here to give you all the information you might need or want aboutThe Patent Pending Digital Currency ETF Platform. I plan to make them “easy read, to the point” because what’s important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.
Today, let us all learn and experience together all about KRYPTOIN . If you don’t know anything about them, don’t run away, that’s why I’m here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it’s best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.
Kryptoin is a blockchain project which is aiming to develop an ETF System platform which will enable creation of digital token. This digital token will hold the value of combination of cryptocurrencies which belong to the same set of blockchain nodes. Blockchain integration will solve the security issue and transactions demand which are faced in the conventional ETF system. Kryptoin ETF tokens will be used in this ecosystem and the users can trade or exchange the underlying assets at Kryptoin trading desk. Kryptoin strives to push the evolution of the ETF by incorporating decentralized systems and Artificial Intelligence to create the best ETFs of the new economy.
I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind KRYPTOIN”. If the team behind the product or service in question haven’t the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?
What experience and knowledge do they possess?
Okay, so, because I’ve already done all the research needed beforehand and thoroughly KRYPTOIN I can very happily confirm that this company has a fabulous team onboard. Here they are:
This sort of quality is inspiring. They have made sure to supply us with all the information we could possibly need, on them personally as a team, as well as them as a company. They are acting transparently and therefore receiving the trust they deserve from investors and potential users, like you and I.
On their website, https://kryptoin.io you can visit the “Team” section and simply by clicking on each team member’s image or name you will be redirected to their professional linkedin profiles. Here you may consult and analyse each individual’s expertise as much as you like. It’s all been put there for us to see that they have what it takes to achieve their goals with ease and ultimately inspiring more confidence in all of us.
The purpose of KRP Tokens is to initially seed the ETF ecosystem and generate the ETF Token for the Kryptoin Blockchain 10 Index. The KRP Tokens will be exchanged for the KRYP token only after all the rounds of the “Dutch Auction” have been completed and when the trading desk opens for exchange. KRYP will then be tradable on the exchanges and usable within the Kryptoin ecosystem.
The goal of the system is to create an ETF token system that will allow users, whom we anticipate will be Global Asset Managers and Individuals, to assemble creation units or indices to fit their specific investment objectives and preferences. Most ETF tokens that will be launched would be on blockchains that are readily supported by other exchanges. Consequently listing them on future decentralized exchanges is very likely as the protocols to list and trade them are readily accessible.
KRYPTOIN is building the crypto ETF based on the blockchain technology. The platform provides an easy experience for the cryptocurrency investors. The cryptocurrency token created on the platform is based on the Ethereum blockchain. A mega wallet application is created on the platform in which users can register. There are various levels on it which can be cleared according to the different requirement. The first ETF index of the ten largest cryptocurrencies is already running on the platform. The other kind of index on the platform include KRYPTOIN ICO 100 and KRYPTOIN anonymous 10.
The ecosystem will be capable of assembling a creation unit and composing an index to be better than the conventional ETF ecosystem. Kryptoin ecosystem will consist of Megawallet application which will create wallet address for users, connect to all the blockchain nodes, allow users to deposit or withdraw digital currencies and perform many other functions. The Megawallet will be connected to 10 blockchains which are Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Ethereum, Litecoin, NEO, Monero, XRP and USDT.
The platform will also consist of a trading desk which will integrate Bittrex and Bitfinex exchanges. The trading desk will enable the users simultaneously to buy/sell across exchanges.
There are different roles and responsibilities based on user’s level which will differentiate the Megawallet access among different levels:
The users of first level will be able to only deposit/withdraw ETF tokens and cryptocurrencies from their wallets. They can also buy or sell ETF tokens on the platform.
The level 2 users will be able to redeem the ETF tokens and exchange these tokens at greater or lesser amounts.
Here the user will be able to use the services of trading desk. The users can also carry out their transactions in BTC, ETH and USD(T).
The level 4 users will act as ETF token issuers to the level 3 users. This level will also consist of Asset Under Management (AUM) which will give added security to the users for their tokens.
The level 5 users are also known as administrators who are responsible for monitoring the health of the platform and the blockchain nodes. The administrators will examine the transactions taking place on the platform.
Kryptoin provides the ability to generate each unit of cryptocurrency in accordance with its parameters, use Megawallet application to manage user’s cryptocurrency. Kryptoin user interface and website will have all the security features and scalability of a high-quality web application.
The unique development of Kryptoin is the patented “Megawallet” application, which allows simultaneous connection of the leading blockchain-based platforms to one network node, namely Bitcoin, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Monero, Litecoin, NEO, USDT, XRP. Megawallet functions allow conducting all transactions between users and write them to a single database. Work in Megawallet is possible on one of five levels, endowed with different capabilities.
The ETF trading system is totally different from Closed-End Fund (CEF) system. They are offering Kryptoin Blockchain 10 under the index forum where they will track the index consisting of the top 10 largest capitalized and liquid cryptocurrencies.
ETFs can track every performance of an underlying index, commodity or basket of assets. This is very helpful to the users who want to or need an exposure to certain markets and do not want to purchase the individual assets. From this, users can avoid large dealing costs and save their time.
From Kryptoin ETFs, users can simply purchase a single token which will track the fortunes of all the coins in the index.
Platform For ETFs
A specialized trading platform that is required by ETFs. Trading desks make markets, provide liquidity and are able capitalize on exchange arbitrage once Kryptoin is listed on the exchanges.
ETF’s require a specialized hedging mechanism. This mechanism sets it apart from closed end funds and standard tokens because it allows the coin to trade with a true NAV even though it is may not be listed on the exchange in the beginning stages
Unlike closed end funds, large block trades can be executed in an ETF regardless of trading volume on the exchange with no impact on the price. When a large customer buys or sells a block or large quantity of a closed end coin on the exchange it wil affect the price of all the other coins.
An ETF unique infrastructure fundamentally different and the Kryptoin platfrom was built to provide the highest liquidity for trading and hedging of all positions of the coin on or off the exchange.
The Token Sale and ICO Details
Kryptoin will hold a Initial Token Offering in the form of a Dutch Auction. This token sale event will issue Ethereum ERC20-compliant tokens to registered participants according to the ‘Kryptoin Distribution Document’. The sale process will be executed by the Smart Contract. The details of the smart contract can be found in GitHUB and the smart contract audit has been performed by security auditor Coin Mercenary.
PreICO price 1 KRP = 0.10 ETH
Price in ICO 1 KRP = 0.12 ETH
Bonus in Presale – 40% Bonus in Round 1 – 24% Bonus in Round 2 – 18% Bonus in Round 3 – 12% Bonus in Round 4 – 6% Bonus in Round 5 – 3%
Tokens for sale 1,078,825
Min. investment 0.1 ETH
Distributed in ICO 60%
Soft cap 28,557 ETH
Hard cap 114,311 ETH
Author : funkyies
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1971452