KRYPTOIN : The patent pending technological platform for crypto

in #cryptocurrency7 years ago

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Crypto currencies such as Bitcoin, Ethereum and Ripple have not only established themselves as means of payment in recent years, but have also increasingly proved to be a highly attractive field for investments. However, the current situation on the cryptographic markets is characterized by illiquidity, enormous volatility and a serious asymmetry of information among the participants. But this makes the market very lucrative and attracts speculators. Tenfold returns in less than a year are not uncommon. But these gains are at the expense of the ill-informed users. The success in crypto markets is based on information advantages that few have over many.
This is the core problem: a lack of high quality, verifiable information. There is far too much noise in the relevant channels and far too little resilient facts. When you are in Telegram channels, slacks, subreddits and private forums you will find plenty of hype, insecurity and fears. This highly problematic dynamic opens crypto markets for fraudsters of all kinds. Small amounts of valuable information are often the key to unbelievable profits, so that for the ambitious trader or investor the comprehensive search for valuable information never ends. This makes it even more urgent to provide investors with comprehensive information that makes it easier for them to stay in the jungle of crypto currencies and to make buying and selling decisions based on valid data and trend analyses.
This is where the Kryptoin application comes in. It provides a platform upon which ETF tokens can be created to track and encapsulate indices formulated to represent the evolving digital currency markets. The time-consuming task of manually selecting and evaluating information is largely transformed into automated processes. With Kryptoin, we help traders to continuously gain experience about the opinions of traders and clients associated with each coin. Opportunities and risks are identified, enabling users to react promptly and proactively. The automatic monitoring of important points thus creates a higher level of security when it comes to moving in this new market. It is thus an important component for a professionalization of the crypto markets.
The value and benefits of Kryptoin correlate directly with the size of the crypto market. Based on current trends, it seems very likely that the market for information and data on crypto assets will explode. The stronger the growth here, the more valuable the features of Kryptoin become and the higher the probability that many people will use the offered service here. The information value of Kryptoin is growing in proportion to the number of users.

Before I proceed on this work, lets take a look at the video below...

KRYPTOIN
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.
The Kryptoin ETF System is a platform that allows for the creation of a digital token representing the valuation of a combination of cryptocurrencies belonging to the same set of blockchain nodes integrated to our application. The application requires the integration of blockchains due to the inherent security risks and transactional demands of a conventional ETF ecosystem.

VISION
To create a decentralized ETF system where ETF issuers are able to launch their own ETF indexes and tokens.

GOAL
Their goal is to create an ETF token system that will allow users, whom we anticipate will be Global Asset Managers and Individuals, to assemble creation units or indices to fit their specific investment objectives and preferences. Most ETF tokens that will be launched would be on blockchains that are readily supported by other exchanges. Consequently listing them on future decentralized exchanges is very likely as the protocols to list and trade them are readily accessible.

ADVANTAGES
Ability to provide exposure to areas that were previously too expensive and/or difficult to reach.
ETFs can track the performance of an underlying index, commodity, or basket of assets. This is convenient for users who want or need exposure to certain markets and do not wish to purchase the individual assets to do so. This avoids large dealing costs and saves time. Now with Kryptoin ETFs, you simply purchase a single token that will track the fortunes of all the coins in the index
The ETF trading model is fundamentally different than a Closed-end Fund (CEF) model and is one of the reasons why the ETF model become so popular. An ETF helps to takes in assets and disburses them through a process known as creation and redemption.
It is the first Digital Currency ETF platform to be launched integrated and automated with the exchanges. Other CEFs and possibly other ETF funds exist but none that have the far reaching capabilities of launching multiple Indexes and tokens with multiple AUMs for the use of Asset Management entities and individuals.
ETFs provide a convenient way for investors to build a portfolio that will meet investors specific asset allocation wants and needs.
Easy Intuitive Usability: The system’s user interface is made easy to understand because in most cases cryptocurrency terminology and procedures can be overwhelming to many.

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 Megawallet will be connected to 10 blockchains which are Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Ethereum, Litecoin, NEO, Monero, XRP and USDT.
The system required other high level systems working coherently with each other in order to fuel an ETF exchange ecosystem. The main components include:
Five User Levels with Defined Roles and Capabilities

Capability of Assembling a Creation Unit.

Capability of Composing an Index

Megawallet Application

  • Enables wallet address creation for user levels
  • Enables exchange and price quotations in BTC/ETH and USD(T)
  • Connectability to blockchain nodes
  • Deposit and withdrawal from wallets
  • Charging of transactional fees
  • Creation/redemption of creation units
  • Storage of assets in AUM
  • Scheduling and balancing of transactions on the database

Trading Desk

  • Integration with Bittrex and Bitfinex exchanges
  • Arbitrage pricing comparison
  • Simultaneous buy/sell across exchanges
  • NAV premium/discount discovery

Token Smart Contract Integrator

FIVE USER LEVELS WITH DEFINED ROLES AND CAPABILITIES
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.

TOKEN SALE AND ICO DETAILS
Kryptoin will hold a Initial Token Offering in the form of a Dutch Auction. This token sale event will issue Ethereum ERC20-compliant tokens to registered participants according to the ‘Kryptoin Distribution Document’. The sale process will be executed by the Smart Contract. The details of the smart contract can be found in GitHUB and the smart contract audit has been performed by security auditor Coin Mercenary.

TOKEN DETAILS
Token name: KRP
Platform: Ethereum
Type: ERC20
PreICO price 1 KRP = 0.10 ETH
Price in ICO 1 KRP = 0.12 ETH

BONUS
Bonus in Presale - 40% Bonus in Round 1 - 24% Bonus in Round 2 - 18% Bonus in Round 3 - 12% Bonus in Round 4 - 6% Bonus in Round 5 - 3%
Tokens for sale 1,078,825

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Investment info
Min. investment 0.1 ETH
Accepting ETH
Distributed in ICO 60%
Soft cap 28,557 ETH
Hard cap 114,311 ETH

TOKEN DISTRIBUTION

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60% Token Sale Participants
5% Bounty Program
1% Legal
1% Advisory Team
33% Kryptoin Team

USES OF PROCEED

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95% Purchase Underlying Assets of the Creation Unit
3% Operations and Marketing of Pre-Exchange Listings
2% Development and System Upgrades

ROADMAP

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April 2017
Conceptualization

June 2017
Whitepaper published

September 2017
Installation of 12 Coins

October 2017
Bittrex API Integration

November 2017
Kryptoin Big 10 Index and NAV

January 2018
Trading Desk

February 2018
Testnet on and off chain
Kryptoin Big 10 ERC20 Test Token
Megawallet and AUM

March 2018
MVP

Q2 2018
Update to Kryptoin AUM 2.0 Decentralized API
Release of Emerging ICO ETF Coin
Installation of 100 Coins
Release of Kryptoin Mid 25 ETF Coin
Installation of 25 Coins
Release of official Kryptoin Big 10 ETF Coin
Token Sale + Airdrop

MEET THE AMAZING KRYPTOIN TEAM

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ADVISOR

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DEVELOPER

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For more information, please visit:
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

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Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9