I have been interested in a decentralized commodities trading platform to appear for quite a long time, and I am pretty sure this one will be great.
Introduction to KRATOS platform
ARKRATOS is a blockchain solutions company founded in Singapore in 2017. ARKRATOS has developed a blockchain solution called KRATOS, a trading platform for the physical commodities business. The platform addresses challenges for the physical commodities trading business, in particular the lack of access to trade finance for Small to Medium Enterprises (SME) players in the commodities. KRATOS will address the lack of trade finance for SME’s through a Token Curated Registry (TCR) process. Currently SME’s must almost exclusively go through banks to raise trade finance. This is a long and cumbersome process, often delaying the trade lifecycle and significantly reducing trade profits. At times, certain trade finance deals will not be financed due to manpower issues and system inefficiencies among banks. ARKRATOS’ management and advisory team has over a 100 year of collective experience in trading physical commodities and has been working very closely with players in the physical commodities trading space to deliver an innovative and robust model for various players to both receive and provide trade finance. Team’s vision is to make commodity trading a more transparent, less complex, and a less costly process by building trust and transparency within the ecosystem. This will be done by utilising the latest decentralised technologies.
Who is in charge?
The KRATOS platform is founded by Srinivas Koneru, who additionally founded a physical commodity trading firm, Rhodium Resources, which established operations in 2011 in Singapore. Rhodium now has over 70 employees globally with offices in Europe, Middle East and Asia. The turnover of the firm last year amounted to over 2 billion USD, with half of that turnover coming in the form of trade finance deals. The company’s management collectively has over a 100 year of commodities trading experience. The CEO of Rhodium, Cheam Hing Lee, previously specialized in credit risk and market risk at Cargill and was eventually appointed in Cargill Director of Structured Trade Finance Group. Rhodium Resources deals with over 180 clients spread across 35 countries.
ICO
The team will be issuing KRATOS Tokens, so participants have the ability to use a product with a promising future. Everybody is welcome to participate in and to take an advantage of the KRATOS platform by being a part of KRATOS ICO. A total of 300 Million KRATOS Tokens will be produced, of which around 55% (i.e. 165 Million) will be available for sale during the Pre-ICO Period & the ICO Period. The tokens can be purchased using Ethereum. The purchase price per KRATOS Token during the ICO Period is equivalent to 0.001 ETH. In other words, 1000 KRATOS Token will be given in exchange for 1 ETH. During the Pre-ICO Period, we will sell a maximum of 80 Million KRATOS Tokens. The KRATOS Tokens will be sold at a 20% discount during the Pre-ICO Period.
Technical description
The KRATOS platform token ticker: TOS
Standart: ERC-20
Maximum number of tokens: 300.000.000 TOS (165.000.000 TOS available for sale during ICO)
Token price: 0.001 ETH
This token will be used for Token Curation Registry (TCR) process.
That’s okay, but why should I participate?
The ARKRATOS team has significant experience in delivering large scale global service platforms in the areas of Commodities Trading, Finance and Technology. The have proven track record of managing and delivering services for some of the world’s largest mobile network operators and architecting numerous application solutions, security and anti-fraud models for financial services.
Examples of the provided use cases are AML and KYC checks, quality checks, Bill of Lading verifications, Letters of Credit issuances, and trust and certification validation.
The KRATOS platform model of core data and trust is developed on the public Ethereum Blockchain and uses Solidity as the main programming language for smart contracts. This gives ARKRATOS the ability to build direct, immutable, and tamper- proof records between the ecosystem players on the KRATOS platform. This results in a truly trusted environment which, before blockchain technology, was not possible to achieve with centralised systems. The KRATOS platform’s blockchain enabler interface reduces complexity of the workflows from the different transactions and smart contract logic. This enabler can be agnostic to the underlying blockchain protocol making it future proof and also potentially interoperable with other ecosystem consortia. The development also becomes less complex as it abstracts the overlying use case to the underlying protocol of the smart contract or transaction interface.
Summary
The KRATOS platform has been developed in partnership with experts from international commodity trading utilizing the latest blockchain technologies. It is an enterprise grade level PaaS solution, which gives the trade industry a defined and relevant platform to the use cases needed within this industry. I would highly recommend to at least check this project out, because it may become a real game changer upon a release.
Official site: https://kratospct.io/
Telegram group: https://t.me/arkratos_group
Whitepaper:https://kratospct.io/pdf/KRATOS%20Whitepaper%2003072018v0.2.pdf