ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: KRYPTION. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
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. The Kryptoin Cryptocurrency Blockchain ETF System is a platform upon which ETF tokens can be created to track and encapsulate indices formulated to represent the evolving digital currency markets. 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.
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.
KRYPTION ECOSYSTEM
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 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. The Megawallet will be connected to 10 blockchains which are Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Ethereum, Litecoin, NEO, Monero, XRP and USDT. 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. There are different roles and responsibilities based on user’s level which will differentiate the Megawallet access among different levels:
Level 1
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.
Level 2
The level 2 users will be able to redeem the ETF tokens and exchange these tokens at greater or lesser amounts.
Level 3
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).
Level 4
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.
Level 5
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.
ETFs PLATFORM
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. 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.
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.
TOKEN AND ICO DETAILS
Token KRP
Platform Ethereum
Type ERC20
PreICO price 1 KRP = 0.10 ETH
Price in ICO 1 KRP = 0.12 ETH
Soft cap 28,557 ETH
Hard cap 114,311 ETH
Pre-Sale Token Auction: September 1, 2018
You can get whitelisted here: https://kryptoin.io/whitelist/signup
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
The Kryptoin ETFs are set to change the face of cryptocurrency trading and we want to offer you the chance to get involved from the start. Be a part of this tremendous project and follow these links for more information;
Website: https://kryptoin.io
WhitePaper: https://kryptoin.io/whitepaper
ANN Thread: https://bitcointalk.org/index.php?topic=3914897.0
Telegram: https://t.me/kryptoinETFs
Facebook: https://www.facebook.com/kryptoin
Twitter: https://twitter.com/@kryptoinETF
Medium: https://medium.com/@kryptoin
Author
nugezmils
BITCOINTALK PROFILE
https://bitcointalk.org/index.php?action=profile;u=1729621
ETH ADD
0xde7fB34D93f672A5D587Dc0f8a416b13eED8547d