Kryptoin – Integrating Blockchain into Exchange Trading Funds Ecosystem

Overview:

Kryptoin is a blockchain project which is aiming to develop an ETF System platform which will enable creation of digital token. This digital token will hold the value of combination of cryptocurrencies which belong to the same set of blockchain nodes. Blockchain integration will solve the security issue and transactions demand which are faced in the conventional ETF system. Kryptoin ETF tokens will be used in this ecosystem and the users can trade or exchange the underlying assets at Kryptoin trading desk.

Kryptoin 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 platform will also consist of a trading desk which will integrate Bittrex and Bitfinex exchanges. The trading desk will enable the users simultaneously to buy/sell across exchanges.

There are different roles and responsibilities based on user’s level which will differentiate the Megawallet access among different levels:
• 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.

Team:

Donnie Kim - CEO
Experienced entrepreneur with a demonstrated history of executing the necessities for growing businesses. Skilled in marketing, strategic planning, platform development and creating profitable ecosystems. Strong business development professional currently focused in fintech specifically blockchain ETFs and the future of cryptocurrency.

Tariq Ali Asghar – CIO
Tariq Ali Asghar is a seasoned Canadian Technology Entrepreneur with over two decades of outstanding experience in the Financial and Technology (Fintech) Industry in USA, Canada & Internationally. Tariq has championed digital innovation successfully for driving robust growth strategy in number of organizations, right from Fortune 500 Companies to disruptive start-ups to United Nations.

Eojin Lim - Managing Director
He was the Director of Acquisitions at 888 Auctions Inc where he was responsible for the acquisition of property and on-the-spot preliminary fair market valuations. He also developed Business Process Management and implemented business and cataloguing system workflow processes

Token Matrix:

Token – KRP
Hard Cap – 144,311ETH

Verdict:

Pros:
• The project has good social media hype as it has around 4000+ followers on Twitter and around 43000+ members on Telegram.
• The team behind the project has experience in fields such as marketing, fintech, software development, blockchain, finance, etc.
• There are 3 advisors for this project having different backgrounds like finance, blockchain, and many other fields.

Cons:
• The MVP of this project currently not available.
• The whitepaper of this project is explained properly.
• Information about partnerships of this project is not available on the website yet.

Website: https://kryptoin.io/
Whitepaper: https://kryptoin.io/whitepaper
Telegram: https://t.me/kryptoinETFs
Twitter: https://twitter.com/@kryptoinETF

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c