The ETF model within equity exchanges has become quite popular globally in the recent years. ETFs have the ability to provide exposure to areas that were earlier either too expensive or difficult to reach.
The ETF trading model is very different from a Closed-end Fund (CEF) model. An ETF takes in assets and expends them by a process known as creation and redemption. Trading the token on an exchange enables the ETF to work separately from the actual basket of underlying assets while still being connected by the creation and redemption mechanism. This keeps the price of the ETF shares to be trading always in accordance to the assets for which they can be exchanged. In a sense the ETF delivers both the performance and liquidity of the underlying assets to the holder of the contract in a convenient package. ETFs can track the performance of an underlying index, commodity, or basket of assets.
Solution offered
The Kryptoin ETF System puts together a digital token which is a combination of cryptocurrencies of a similar set of Blockchain nodes. Based on Blockchain technology, ETF tokens can be formed on the platform to track and condense indices expressed to represent the evolving digital currency markets.
With the growing complexities and risks of financial vehicles and cryptocurrencies, the Kryptoin ETF Token has been created to simplify and to lower the risks inherently found. The ETF token represents a vast variety of currencies and will incorporate blockchain smart contract capabilities as well. Kryptoin ETF Tokens will be similar to a traditional ETF found on stock exchange. The underlying assets can be liquidated on a digital exchange or be traded at a Kryptoin Trading Desk.
Kryptoin ETF Tokens allow individuals buyers and users of the tokens to attain risk/rewards similar to as if holding all the cryptocurrencies represented in a basket. Another benefit is that it does not need to be self-assembled and managed separately as their own portfolio. ETFs is a necessity and requirement in any exchange traded marketplace. With the world having so much data and information available and becoming more interconnected, data analysis and the research of these new asset vehicles, will increasingly be in demand.
The ETF token will make it simple to invest in cryptocurrencies and understand the technologies behind each coin and further protect from greater volatility.The ability to connect new blockchains to the Megawallet application will enable the system to tailor ETF products and provide the following capabilities:
• The Creation of various new ETF tokens
• Effectively manage exchange rates in BTC, ETH and USD(T)
• Securely manage assets under management
• Provide a desk for service and exchange
ICO information and team
The Pre-sale begins on 1st September 2018. The funds will be spent on purchase of underlying assets of the creation (95%), operations and marketing of Pre-Exchange listings (3%), development and system upgrades (2%). The team working on the project comprises of individuals who are experts in Blockchain, engineering, management and technology.
Conclusion
Kryptoin, an incredible platform, aims to create a decentralized ETF system where ETF issuers will be able to launch their own ETF indexes and tokens. The Megawallet serves as the Kryptoin backbone for blockchain interactions.
The trading desk is an essential part of the ecosystem that enables transactions and liquidity across the system. With the integration of the trading desk to the APIs of major exchanges, the desk is capable of discovering price differences across the globe. The Megawallet Application allows the impeccable circulation and movement of the various cryptocurrencies.
Website - https://kryptoin.io/
Whitepaper - https://kryptoin.io/whitepaper
Telegram - https://t.me/kryptoinETFs
ANN - https://bitcointalk.org/index.php?topic=3914897.0
Published by- karanj
Profile - https://bitcointalk.org/index.php?action=profile;u=1030341