Kryptoin EFTs: Digital currency ETF platform
Allows institutional investors and individuals to buy and sell directly through the trading desks with unlimited liquidity
Tariq Ali Asghar
Chief System Engineer
Chief Blockchain Engineer
- Crowdsale (60%)
- Bounty program (5%)
- Legal (1%)
- Advisory team (1%)
- Kryptoin team (33%)
- Purchase Underlying Assets of the Creation Unit (95%)
- Operations and Marketing of Pre-Exchange Listings (3%)
- Development and System Upgrades (2%)
Cost of the token1 token for 0.12 eth
Price without discounts
Discounts and BonusesPre-crowdsale
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Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users5
The pre sale is the only stage of ICO offering discounts this shall in a way be good because those interested shall rash to make purchases for the token and then after the sale periods the demand will be high for those still interested while the supply on the exchange will be low.
Risks and disadvantages
The token share held by the team is very insignificant and this will affect the authenticity of th team since the team is not showing any commitment towards the project by injecting in much investments. Marketing has been allocated a very small portion of the budget this will affect the strategies to get the startup known in the compitive market.
Amore serious tem has to be called on to revise the irregular distribution of the token economy and the budget distribution otherwise the project stands high risk of being ignored by the investors in the market.
Providing unlimited liquidity will have the investors attention since this a criteria they usually require. Bounty programs are highly reliable and shall make the awareness scheme possible together with the involved social media pages .
Risks and disadvantages
The team has a number of people whose past experience hasn't been sheared in the project outline this is going to bring about doubt amongst those willing to get involved and they might look at this venture a s possible scam because of the continued uncertainty of the market faced with high risks of loss. This budget distribution is the poorest i have come across major factors have not been considered. The discounts and bonuses associated with the stages of ICO re not appealing and shall have negative impacts on the team as a whole including its targets.
The market might not have too much room for this project therefore the team has to apply the necessary and needed functions to get it up there . involving themselves in different workshops and seminars so as to address the congregation with the activities and services done in their project as a way of getting investors.
If some amount of tokens are sold at a discount (it may not happen since Kriptoin will hold ICO in the form of an auction), then the team will utilize their allocations to compensate for it. I think it indicates that team's incentives are aligned with ICO participants. The team holds a provisional patent on their ETF system.
Risks and disadvantages
Team's allocation of tokens is not subject to a lock-up period. As I said before part of this allocation will be utilized as a compensation, but this is no more than 15,13 %, while the rest 17,87% is still a significant share. Demo-version is not available, I only found several video showing how it works.
There are several interesting reviews of the startup. So there is a good opportunity for investors to get acquainted with different point of views and to find out more about key strengths and also disadvantages of the project. In my eyes the startup is one-of-a-kind. I think marketing is not the strength, while it is one of the key elements.
Team members have public people as they have active accounts on social networks. There are also bonuses for investors, who early participated at pre-ICO.
Risks and disadvantages
There is little information about team members and advisors. Thus, on the website nothing mentioned about partners. A drawback is the lack of the alpha or demo version. Marketing is also poor: no Bitcointalk thread, Reddit or Youtube channel. What is more important is the absence os the Roadmap on the website.
The idea is not clear. I am not sure how the platform can functions if officially EFT has not been adopted yet.
Investing in cryptocurrencies will be easier with ETF token. There are three portfolio models to meet the diverse investors' needs.
Risks and disadvantages
I think the team should describe business model and token economy in more details and with examples. The whole system is created to simlify investment strategies and make investment in crypto coins easier. So I think economy part should be explained for people to understand.
The business model is different, it's unlike what I've seen before. KRP token can only be used to generate the KRYP ETF Token and there is no limiting number due to the nature of ETF. Token's value is equal to the NAV of the ETF which is constantly changing. And things that are traditionally used to lead to the growth of token's value don't work here. The project is interesting. Crypto market needs a valid method of asset management.
Why use Kryptoin ?
The value of the top 10 currencies in one coin. An ETF technology platform built from the ground up’
By leveraging Blockchain technology, Kryptoin allows you to buy the value of the top 10 largest cryptocurencies in one convenient coin.
The Kryptoin platform allows institutional investors and individuals to buy and sell directly through the trading desks with unlimited liquidity.
How does Kryptoin work?
Kryptoin is built on the ERC20 protocol standard. This blockchain standard contains the basic functions that implement trading including the transferring of tokens, balance inquiry and total supply. Kryptoin represents a smart contract that represents the basket of digital currencies at a certain ratio.
Kryptoin is 100% backed by actual cryptocurrency assets in our reserve account called the AUM.
Kryptoin are redeemable and exchangeable pursuant to Kryptoin’s Limited’s terms of service.
The conversion rate of 1 Kryptoin equals 1/1000 value of the Creation Unit.
The Kryptoin is fully reserved when the sum of all Kryptoin in circulation is greater than or equal to the
balance of cryptocurrency held in our reserve. Through our Metrics page, anyone can view these numbers in near real-time.
For a more detailed technical explanation of how the Kryptoin and its platform works, please download the Kryptoin white paper.
What is a Creation Unit?
A creation unit is the basis of the ETF vehicle. A creation unit consists of a basket of currencies in certain amounts and proportions that are exchanged for a block of Kryptoin by the issuer.
For more details of the Creation Unit please see the Metrics tab
What is the AUM?
Assets Under Management is the value of the cryptocurrencies that are held by the issuer in reserve.
What is NAV?
Net Asset Value is the market value of one unit of Kryptoin which is calculated by using the total asset value of the Creation Unit divided by 10000 the number of Kryptoin equal to the basket.
How does your trading desk work?
The trading desks are liquidity partners or market makers, They are integrated with the largest exchanges and provide a hedging mechanism for the market makers.
Trading desks earn commissions and capitalize on arbitrage by creating and redeeming Kryptoin
Learn more about acquiring a trading desk license for your financial institution
What cryptocurrencies is Kryptoin composed of?
Kryptoin consists the 10 largest crypto currencies by market capitalization.
Market capitalization can change and from time to time the index and the Creation Unit basket may be adjusted to reflect that Each Kryptoin is equal to a 1:1000 ratio of the basket currencies.
What is the Kryptoin 10 Index?
This is the index that the ETF vehicle tracks which consists of a weighted value of the 10 coins in the basket similar to the S&P 500 and the Dow Jones Index.
Kryptoin 10 Index is a proprietary calculation
Who can use Kryptoin?
Kryptoin is useful for individuals and investment entities – small businesses, investment banks, accredited investors and financial services etc. who may want to diversify their risk to the cryptocurrencies market by investing in the index as opposed to individual currencies.
How does Kryptoin protect me from cryptocurrency volatility?
Kryptoin tracks the performance of the 10 largest currencies and is subject to less volatility than any individual coin
How do I know my Kryptoin is secure?
Kryptoin is built on top of the erc20 blockchain technology and adheres to strict security and global government laws and regulations. All Kryptoin are backed 100% by actual assets in our reserve.
Kryptoin is fully decentralized and transparent, we publish a real-time record of all value held Kryptoin can be securely stored, sent and received across the blockchain and are redeemable for cash or the underlying assets pursuant to Kryptoin Limited’s terms of service.
Where can I use Kryptoin?
Kryptoin is a store of value. Our goal is to make Kryptoin available on all exchanges and to provide the most liquid environment possible. The Kryptoin ETF is available to traditional financial service entities and individual investors worldwide through trading desks and through the exchanges in the future.
Is Kryptoin transparent?
Yes. Kryptoin’s platform is built to be fully transparent at all times and is regularly audited. For more information view the Metrics page
How much does Kryptoin cost to use?
Kryptoin has almost zero conversion fees, charges a small commission and offers top market exchange rates Sending between Kryptoin wallets is free.
There are no fees for sending from your Kryptoin to an external Kryptoin-enabled wallet.
Fees are incurred when sending Kryptoin outside of our wallet to a bank account or exchange or a third party wallet
Do I have to go through the KYC process?
Going through our know your client (KYC) approval process is required to purchase and redeem Kryptoin.
How can I purchase Kryptoin?
Register for the ICO and be the first to purchase Kryptoin with benefits for being early investors After the ICO you can purchase Kryptoin from the trading desks
In what countries and states does Kryptoin have limited functionality?
Kryptoin is committed to operating in a secure and transparent way, while adhering to all government compliance and regulations. For this reason Kryptoin does not operate in countries and U.S. states that do not regulate virtual currencies.
Users will not be able to access the Kryptoin services from these locations and Kryptoin will not be able to offer services to Residents of these locations.
Current countries with limited functionality:
Afghanistan, Bosnia and Herzegovina, Democratic People’s Republic of Korea, Ethiopia, Iran, Iraq, Lao People’s Democratic Republic, Syrian Arab Republic, Uganda, Vanuatu, Yemen.
Current U.S. states with limited functionality:
New York, Washington.