Bitcoin, blockchain, initial coin offerings, ether, exchanges. As you’ve no doubt noticed, cryptocurrencies (and their corresponding jargon) have caused quite the uproar in the media, online forums, and perhaps even in your dinnertime conversations. Despite the buzz, the meanings of these terms still elude many people’s comprehension. Perhaps we could put it as simply as Stephen Colbert does below, but we’ll be a tad more precise.
At this point, use of cryptocurrencies is largely limited to “early adopters.” For scale, there are around 10 million Bitcoin holders worldwide, with around half holding Bitcoin purely for investment purposes. Objectively, cryptocurrencies are not necessary because government-backed currencies function adequately. For most adopters, the advantages of cryptocurrencies are theoretical. Therefore, mainstream adoption will only come when there is a significant tangible benefit of using a cryptocurrency. So what are the advantages to using them?
Today I'll be taking an in-depth description on the other partner - KRATOS or KTOS.
Table of contents
- What is KRATOS
- The Kratos Blockchain Physical Commodities Trading Solution
- Their partnership with Trade.io
- Kratos TOS Token ICO Details
- My thoughts
What is KRATOS
KRATOS is a decentralized appropriated commodities trading platform built on blockchain technology. Its prime objective is to metamorphose and rectify the objections that come with commodity trading globally. In our world today, commodities trading are cladding diverse setbacks such as; needless middlemen, insufficient doctrine, and manual certification. All these quandaries make commodities trading almost inconvenient.
Some of the inconveniences that come with commodity trading are mostly delays and extravagant charges. However, since KRATOS is built on an Ethereum platform as well as the innovative blockchain technology, it'll seamlessly fix the challenges cladding the commodities trading. KRATOS makes boasts of it's complex and advanced interface, hence reducing the cost and charges when trading on the platform.
According to their official website, they added;
KRATOS has come up with a Token Curated Registry process for trades which can be submitted via its platform. The trades surrendered on the stand for trade money will be curated by those who have the tokens. Consequently, the curation process should lead to a list of high-quality trades which signify a subset of trades that may otherwise not access any kind of financing.
The Kratos Blockchain Physical Commodities Trading Solution
Market Adoption Potential
Another eminent benefit of using KTOS is the fact that it automates the current procedure called paper-based with the help of smart contracts. This will ultimately lead to a decrease on the disbursement of goods and services.
That's not all, KRATOS provides an end-to-end solution on account of the whole commodities trading. This will only be possible with the help of the KYC HR present on the platform.
Market Comportment
Since the platform runs fully on smart contracts, with the help of blockchain technology there's no telling on how fast the platform operates. Therefore, operational costs are reduced to the lowest fixed costs.
Real World Utility
Having outlined all the solutions KRATOS will be solving, it will ultimately lead to the expansion of SMEs (small and medium-sized enterprises) so as to lure in more imminent investors.
Consequently, it will be very effective for the potential financiers to vet the list of top trades, instead of vetting any potential traders.
In my next article, I'll round up the remaining points, I don't want to bore you with too much information that's why I had to split them into part 1 and 2. Meanwhile do well to participate in the ongoing Trade.io competition. You can read my last article pertaining to the competition HERE.
How to enter the competition
Interested participants MUST sign up to trade.io exchange by 22nd January. Existing trade.io users are also qualified to participate in the competition.
On the 23rd January, Wednesday to be precise. Users who sighed up already will be airdropped exactly 75 KTOS straight to their account.
Just as I said earlier, the KTOS will be listed on the exchange. However, participants are recommended to acquire more tokens in order to stand the chance to win the grand prize of the 99 other mouthwatering prizes.
Prizes to be won
| 1st place: | 200,000 KTOS | |||
|---|---|---|---|---|
| 2nd - 3rd : | 70,000 KTOS | |||
| 4th - 10th: | 35,000 KTOS | |||
| 11th - 20th : | 20,000 KTOS | |||
| 21st - 50th : | 5,000 KTOS | |||
| 51st - 80th : | 1,500 KTOS | |||
| 81st - 100th : | 1,000 KTOS |
Having said that, start trading KTOS as soon as possible! The trader with the highest number of KTOS traded will be going home with the grand prize.
Remember, this competition will only last for a minimum of 10 days, from 22nd January – 1st February.
For more information and resources, please visit the links below:
Official statement about the competition
Disclaimer: This is not financial advice. Please do you own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.