KRYPTOIN: The Patent Pending Digital Currency ETF Platform
The technology that brought us the
first transparent, secure, and decentralized currency through Bitcoin has
opened the floodgates for incredibly innovative business solutions through
smart contracts on networks such as the Ethereum Network. Through this, a large
number of businesses have minted a growing group of people with significant
wealth tied to cryptocurrencies.
However, as it stands, the process
to translate the wealth accumulated in cryptocurrencies to real-life
experiences for cryptocurrency owners to enjoy is, unfortunately, painfully
inconvenient. The activities of purchasing, transferring, and exchanging
cryptocurrencies to widely accepted “money” are complicated, slow, and
unstable.
The real-world usability problems associated
with cryptocurrencies have encouraged a number of companies to tackle this
challenge. While many of the contenders in this space have approached it with a
seemingly logical prepaid plastic card solution, their use cases are limited to
just a few cryptocurrencies and acceptances are limited to just a small number
of Merchants, thus, hampering wider adoptionBefore I proceed on this work, lets take a look at the video below...
https://youtu.be/IZcDBV9ngUs
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
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
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
60% Token Sale Participants
5% Bounty Program
1% Legal
1% Advisory Team
33% Kryptoin Team
USES OF PROCEED
95% Purchase Underlying Assets of the Creation Unit
3% Operations and Marketing of Pre-Exchange Listings
2% Development and System Upgrades
ROADMAP
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
ADVISOR
DEVELOPER
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
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
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
- Integration with Bittrex and Bitfinex exchanges
- Arbitrage pricing comparison
- Simultaneous buy/sell across exchanges
- NAV premium/discount discovery
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
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
60% Token Sale Participants
5% Bounty Program
1% Legal
1% Advisory Team
33% Kryptoin Team
USES OF PROCEED
95% Purchase Underlying Assets of the Creation Unit
3% Operations and Marketing of Pre-Exchange Listings
2% Development and System Upgrades
ROADMAP
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
ADVISOR
DEVELOPER
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
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
Comments
Post a Comment