Trade.io, a recently launched but wave-making cryptocurrency trading platform is out with a bang again. This time around, the exchange platform in collaboration with Kratos is rewarding both newly registered and old traders with one million KTOS tokens which is worth about a hundred and thirty thousand in United State dollars ($130,000). The distribution of the tokens will come partly in form of airdrop to users and also in form of a prize for taking part in a trading competition involving the KTOS token itself. Participating in the airdrop and the trading competition requires few easy steps which depend on whether potential participants are new to the trade.io platform or otherwise.
How to participate
Those who are new to the platform are required to first create an account on the platform. Account creation must have been done on or before the 22nd of January in order to be eligible for the airdrop. Thereafter, both newly registered and old users would be airdropped 75 KTOS into their respective wallets on the 23rd of January. Easy money!
The trading competition part is the part with the most juice and all it requires is for participants to be among the top 100 KTOS pair traders (in term of volume) on the platform within a period of 10 days starting 22nd January and ending 1st of February. The amount of KTOS tokens won by participants will be dependent on the position such participant finishes. The prize distribution is such that;
- 1st position gets 200,000 KTOS tokens
- 2nd and 3rd positions get 70,000 tokens each
- 4th to 10th get 35,000 tokens
- 11th to 20th get 20,000 tokens
- 21st to 50th get 5,000 tokens
- 51st to 80th get 1,500 tokens
- 81st to 100th positions get 1,000 tokens
Participants can always have a sneak peek of the status quo throughout the period of the competition on the competition website.
The collaboration and generousity do not just stop at that. Traders on the platform that are already participating in the trade.io liquidity pool would receive one million KTOS tokens which shall be distributed according to the stakes owned in the pool. In addition, non-exchange wallets holding 2,500 or more trade.io tokens (TIOx) will receive about 100,000 KTOS tokens in distribution. This takes the total value of airdropped TKOS tokens to about $297,000. Quite huge, if you agree with me.
KRATOS in few words
Kratos is the first of its kinds and would perhaps be the master of all. It is a platform established by an experienced and competent team to leverage on the exciting features provided by the blockchain technology and cloud-based Enterprise Resource Planning (ERP) to proffer solutions to the various challenges associated with physical commodity trading and trade finances. The multiple stakeholders and sometimes unnecessary intermediaries involved in these two processes make the conventional, on-premises system a slow and cumbersome one with the potential to get compromised at some stages of the process. The blockchain/cloud-based ERP hybrid system utilized will not only provide transparency in the whole process but also ensures speedy transactions with real-time tracking of activities.
Kratos's interface is user-friendly and as a commodity trader, it takes just a few clicks to set up buy or sell trading orders. Available trade offers can also be viewed and accepted which automatically creates a smart contract that is stored and viewed by anyone on the blockchain. In addition to the smart contract, other trade documents such as trade contracts et al. can be uploaded to the blockchain and even submitted for white-listing at the trade finance module of the interface where a potential financier can view, assess and determine whether such trade is worthy of his/her investment or otherwise.
The services provided by Kratos actually go beyond just trade operations and finances. Modules such as risk management, logistics, insurance, accounting, human resources and administration can also be found on the platform with easy to use algorithms. The video below gives a summary of the whole story.
Disclaimer: This is not a financial advice. Please do your own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.