KRYLL.IO — Automated crypto trading strategies made simple
What is kryll? It is an automated crypto trading strategy app and you’ll be able to drag and drop, it looks really cool and you’re able to drag and drop your strategy and build it using the little blocks so even if you are a novest traider, you don’t have any experience whatsoever you can have fun trading crypto, setting up strategies with a very easy to use system. let’s take a look at the schedule and I’m excited about this one as you can probably tell. One of the main thing will be the drag and drop editor which is very intuitive, all of the other platforms don’t have that so it will be interesting to see how they match up to the competition. They’re going to support the many changes like bitrex, kucoin etc. you’ll be able to create your own strategies as well that will obviously make use of the very helpful and intuitive drag and drop editor. There will be a strategy market place so you can actually purchase strategy off other people. This is not a black box, I’m not trader on familiar with the term but black box basically means an algorithmic trader with the computer making the decision for you a based on a certain set of parameters and that’s not what this is you actually set up everything yourself and it will give you signals as well which some of the other platforms don’t have. This will allow you to essentially build your strategy based on signals from Twitter for example if you follow a certain number of people and they give you a sort of hint or tip on something then you can get your trading strategy to act upon that tip. So, there will also be alert you’ll receive an SMS as well, letting you know maybe if that it said it coming down to your stop loss whatever that you set and there will be technical analysis as well. Machine learning will be incorporated and there will be social sentiment analysis. The pricing model they say is going to be fair comparison some other trading platforms where they believe the prices are too high and there will be a pay per use a model for no subscriptions and there will be free samples testing, free back testing if you take part in the ecosystem they’ll be running competitions and will incentivize you to use their platform you’ll get rewarded there will be external SDK for developers and there obviously will be this by a wonderful companion app.
So, the problems they want to solve; well efficient trading requires a lot of resources like computational power, manpower knowledge and tools is very difficult to do on your own and you obviously need a reasonably powerful computer to do it and you need other tools as well and obviously you need to pre requisite knowledge. You need high speed connections to exchanges as well they are necessary otherwise you may miss the trade and trading generally takes up all of your time so it could really dominate your life and a lot of people that do it and they are just focused on twenty for seven, they really don’t have time to take your eye off the ball. Preparing the right strategy is also a problem and you have to hit and miss sort of thing you can’t just get it right every time, some things that work for you one time may not work in another scenario so preparing the right strategy takes a long time and it requires expertise and again trading is very technical and a certain expertise is required, you can’t just start trading and be successful on a certain type of skilled set that you need to do it and that certain people are good at, certain people have lots of practice on it, it is a it really is a skilled occupation. Importantly as well nerves are required to execute the trades correctly, no time for nervously, you have to be cool, calm and collected and execute those trades correctly so those are the problems now I’ll talk about how kryll want to solve them. So, the solution to the problems is the kryll platform, it aims to fill the gaps to get everybody efficient trading tools so they will have this what you see is what you trade technology and they’re basically going to build a platform that will allow you to execute trading easy, you’ll be able to put in your strategy and they’ll be on the blockchain obviously on an ecosystem took an ICO ecosystem to provide incentives for people to use it. So it will take a lot of the effort, trading strategies, learning, getting the pre requisite knowledge but most importantly I think is going to be fun to use it, doing this kind of trading shouldn’t be a chore, shouldn’t be difficult, you shouldn’t be biting your nails off when you’re attempting to do trades that’s the case for a lot of people. So that should actually be quite fun and I’m looking forward to using the app.
So, there are 5 main families of blocks that will be used to build a strategy on the system. Market trends so that will span from the usual trend analysis. Volume modifications, price fluctuations etc. to technical data analysis and studies so that’ll be channels, identification, patterns, direction, resistance rejection, demands on detection and modelling as well so machine learning and predictive analysis that type of stuff. So, there’s also trading actions so you’ll be able to buy, sell, split among the subset older amounts and like profits for example loop and set stop losses. Much like you do a live on an exchange at the moment. There’s also the signals so you’ll be able to act on signals coming from traders guys on Twitter, telegram channels for example if you’re part of a group and they announce a token you will be able to execute, trade based on the announcement. And also, a social network semantics, basically it will machine learning will analyze social network and then see what is the flavor of the month, what they took into being a talked about, what are in the public eye and you’ll be able to act on that information. There will be also operators, basically they can allow you to a set different parameter so for example if the markets up and bitcoin is receiving positive feedback in twitter then you can a execute a trade accordingly and there will also be notification so you can get an SMS or an email or something like that to notify you that something’s actually happening so that you can then go back on, stop whatever you’re doing and have a look at.
So KRL token will be the fuel for the blockchain obviously and used to gas to transact within the ecosystem, they do mention the ethereum blockchain so the smart contract execution a cost a little bit of the KRL every time you use the system but aside from that there is no detail information about the technology behind this that project. One interesting feature that you can see in the whitepaper the autonomous smart contract will reassess every 48 hours the energy needed to run the blocks and the blockchain in order to keep a fair level as well so will increase or decrease depending on how busy the ecosystem as any given time which I think is important factor in something that has to be know it as well.
So it’s going to be agnostic as well which means they’re going to be using several exchanges or having support for several major exchanges so it can be more benefit to many users. They want to have a fair business model, creation and testing will be absolutely free don’t have to pay for that whatsoever, you will only have to pay using the KRL tokens for the execution of the smart contract that is to say when you execute trading strategy when it goes live then it will cost you energy which is the KRL token. So, you’ll be able to fiddle about test your strategies, make sure that you’re happy with it before any spending of a dime. As well as the desktop data dashboard, you will also have a companion app for your mobile device as well so you’ll be able to check your trading see what’s going on all times even if you’re away from the computer. It looks quite exciting and the only other thing to mention is that you’ll be getting notified if anything happens if you set up which is important because you really want to keep your finger on the pulse you don’t want to be completely detached and obviously will be good to get these little notifications coming through on email or SMS or whatever and that let you know what is actually happening in any given time.
Website: https://kryll.io
Twitter: https://twitter.com/kryll_io
Facebook: https://facebook.com/kryll.io
Telegram: https://t.me/kryll_io
Whitepaper: https://kryll.io/pdf/WhitePaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2791849.0
Authored by: donniedarko
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1720051