Kryptoin introduces a new ETF trading model for efficient operations with cryptocurrency
Kryptoin offers its users a reliable ecosystem for operations with digital assets. One of the main attractions of the platform is the ability to influence areas that were previously too expensive and difficult to access. ETF trading model is fundamentally different from the closed-end fund model (CEF), and was originally built on the creation and redemption of cryptocurrencies. Trading tokens on the platform allows acting independently of the actual portfolio of underlying assets. ETF can monitor the performance of the underlying index, product or asset portfolio. This is convenient for users who do not want to acquire a lot of individual assets and avoid the large costs of processing information. Kryptoin allows buying one token, which will track the status of all other tokens. Additional trading tools with an enhanced user interface, including the development of professional charts, will be also used. Programmable trading bots based on artificial intelligence will systematically place deals at a discount.
Key features of Kryptoin
Kryptoin provides the ability to generate each unit of cryptocurrency in accordance with its parameters, use Megawallet application to manage user's cryptocurrency. Kryptoin user interface and website will have all the security features and scalability of a high-quality web application.
Advantages of Kryptoin
The unique development of Kryptoin is the patented "Megawallet" application, which allows simultaneous connection of the leading blockchain-based platforms to one network node, namely Bitcoin, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Monero, Litecoin, NEO, USDT, XRP. Megawallet functions allow conducting all transactions between users and write them to a single database. Work in Megawallet is possible on one of five levels, endowed with different capabilities.
At the first level, "Client" opens an account as a retail buyer and seller of Kryptoin ETF tokens. For access, you only need to go through regular registration without the necessary personality checks, which is allowed in the US for insignificant transactions on the amount equivalent to not more than $1,000.
At the second level, a user goes through the mandatory registration and gets the opportunity to use the "extended retail" trading account, which will allow him/her to re-use ETF tokens and exchange them for larger or smaller amounts. Since each user has a multi-currency wallet that supports work with 10 types of tokens, traders can make fractional payments at their own discretion.
At the third level, a user will have the possibility of Trading Desk (TD). This level will essentially act as a market-maker for Levels 1 and 2. Regardless of the Level 1 and 2 liquidity level, Level 3 will match their order to complete the trade. Megawallet allows Level 3 to operate in three major market currencies (BTC, ETH and USD) and trade individual cryptocurrencies and ETF tokens on large digital exchanges through API integration. Users of level 3 can view the balance of their wallet and exchange accounts, use the trading functions of their accounts through the API, and also have the opportunity to carry out the return of digital assets in the context of risks or volatility, assess macroeconomic risks and their potential impact on the cryptocurrency funds; the services also include hedging and rebalancing of ETF, receiving alerts about potential volatility, recessions and abnormal events on the market.
Finally, TD will provide extensive quarterly and annual performance reports and daily updates on operation, technology and ecosystem accounting. This also includes annual auditors' reports.
At Level 4, a user works under the supervision of an Issuer, which consolidates the new ETF tokens. An issuer redeems ETF tokens and sends them to TD for the corresponding transaction. Level 4 is a pool of currency storage on behalf of ETF token owners. This creates support for the asset. These asset pools are allocated for hot wallets and self-contained cold wallets to preserve and provide additional security.
Level 5 is the level of the administrator, which controls the working capacity of the platform. An administrator provides screening functions and approves new users. An administrator also provides the ability to set a fee for the system to monitor transactions, and also protects the system from failures and threats.
The ability to connect new projects to Megawallet application will allow the system to adapt ETF products and provide opportunities such as creating new ETF tokens, efficient exchange rate management in BTC, ETH and USD, and secure asset management.
Kryptoin cryptocurrency
Calculations on the platform are carried out in KRP tokens. The start of preliminary sales is scheduled for September 1, during which it will be possible to purchase tokens with a 20% bonus. A total of 1.7 million tokens were issued, of which 60% were directed for sale. The main crowdsale will be held in five rounds - the start of the last is scheduled for March 2019. Collected funds (95%) will be invested into the acquisition of basic assets.
Summary
Thus, Kryptoin is not only a unique platform, but also offers a unique operational scheme. This is the first platform of ETF digital currency, which will be integrated and automated with other exchanges. Other CEFs and possibly other ETFs exist, but do not have the ability to simultaneously run multiple indexes and tokens. Kryptoin has a preliminary patent for its ETF system in the US Patent Office. ETF provides a convenient way for investors to creat a portfolio that will meet the interests of investors and their specific needs for asset allocation. A user interface of the system is simplified for understanding. By 2021 the platform will start working in full functionality.
Links:
Website: https://kryptoin.io
WhitePaper: https://kryptoin.io/whitepaper
Telegram: https://t.me/kryptoinETFs
Facebook: https://www.facebook.com/kryptoin
Twitter: https://twitter.com/@kryptoinETF
Medium: https://medium.com/@kryptoin
ANN: https://bitcointalk.org/index.php?topic=3914897.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
ETH: 0x52031420541AE92622745A9417B11E73fb470BE9
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.