Home Ico Review Kryptoin ICO Review : Kryptoin ETF System is a patent-pending platform

Kryptoin ICO Review : Kryptoin ETF System is a patent-pending platform

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About Kryptoin 

Kryptoin ETF System is a patent-pending platform that enables a digital token to be exchange-traded with a basket of cryptocurrencies that represents any index or sector. The ETF application integrates with any blockchain to enable that cryptocurrency to be included in the exchange trade. All ETF tokens are inherently asset-backed. The smart contract is utilized to bind specific requirements of the in-kind exchange creating a decentralized asset management system. Kryptoin ETF Tokens behave like traditional ETFs found on a stock exchange but the underlying assets are digital currencies.

Basic Information

Token Name Kryptoin
Token Symbol KRP
Social Media Kryptoin ICO Review : Kryptoin ETF System is a patent-pending platformKryptoin ICO Review : Kryptoin ETF System is a patent-pending platformKryptoin ICO Review : Kryptoin ETF System is a patent-pending platform
Accepting ETH
Hard cap 49,153,730 USD
Soft cap 12,279,510 USD
Country Cayman Islands
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

System goals

The goal of the system is to create an ETF token system that will allow users, whom Kryptoin 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 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.

Tokens

Kryptoin ETF Tokens allow individuals buyers and users of the tokens to attain risk/rewards
similar to as if holding all the cryptocurrencies represented in a basket. Another benefit is that it does not need to be self-assembled and managed separately as their own portfolio. ETFs in general have proven to be a necessity and requirement in any exchange traded marketplace as evidenced by its tremendous growth. With the world having so much data and information available and becoming more interconnected, data analysis and the research of these new asset vehicles, will increasingly be in demand.

Features

Requirements

A blockchain and token to act as a contract or package representing the underlying assets for the Creation Unit (CU) is at the backbone of each ETF token. A proprietary “​Megawallet” ​which gives the capability to simultaneously connect all blockchain nodes and to create wallets for each user has been devised and implemented. In Kryptoin current configuration the megawallet is connected to the following 10 blockchains Bitcoin, Bitcoin Cash, Dash, Ethereum Classic, Ethereum, Litecoin, NEO, Monero, XRP and USDT. The megawallet and
the blockchain nodes allows the system the ability to create addresses for each user and to
store these coins in their account.

Technology

The First Kryptoin Token will be implemented on the Ethereum blockchain using Solidity with Truffle to develop and deploy the smart contracts. In contrast to Bitcoin, Ethereum provides a publicly available and distributed ledger system that incorporates a Turing-complete programming language in protocol-layer to realize smart contract capabilities and the creation of distributed applications. Smart contracts “orchestration and choreography protocols that facilitate, verify and enact a negotiated agreement between consenting parties”.However, Kryptoin will remain vigilant and open to even better blockchains.

Advantages

The popularity of the ETF model within equity exchanges globally have exploded in the recent years. At the end of 2015, there were approximately 1,800 ETFs in the United States and 4,400 globally having about $2 trillion worth of assets. Remarkably in the month of January 2018 alone, there was about with $5 trillion invested in the products.
One of the main attractions of ETFs is its ability to provide exposure to areas that were
previously too expensive and/or difficult to reach.

Growth strategy

The creation of multiple ETF tokens requires the task of installing nodes of a particular
blockchain representing various cryptocurrencies, in order to produce all kinds of indices and creation units. This also requires the acquisition of technical knowledge to configure the blockchains to be connect to the platform’s Megawallet Application. The connection of these nodes allows for the seamless circulation and movement of various cryptocurrencies.

Business development

The growth of ETFs is attributable to navigating new distribution channels using big data
analytics and understanding the need of the investors. It is not surprising that better investor education is considered the most significant factor to facilitate adoption of ETFs. Other key factors analyzed by PWC Report 2016 responsible in the distribution process are: Corporate branding, institutional channels, differentiated investment strategy and investment track record.

Video

Team

Member
Donnie Kim FOUNDER AND CEO
Eojin Lim MANAGING DIRECTOR
Vineet Tyagi CHIEF BLOCKCHAIN ENGINEER

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 12 April 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

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