Disrupting the Physical Commodities Trading Industry & Win 1 Million KTOS token !

alvinauh (69)in #tradeio • 6 years ago (edited)

The commodities trading industry is a huge industry. It employs over 35000 people in Switzerland (source) and gives job opportunities to many small to medium-sized enterprises (SMEs) throughout the world. The industry itself is worth billions according to the international trade center.

However, the industry itself heavily favors the larger enterprises. Since most financing is obtained via financial institutions, financial institutions find it risky to provide funding for SMEs due to the risks involved. Even if funding can be obtained, the commodities trading process can be a rather complicated process. Traders often have to rely on multiple parties to confirm the quality of a particular commodity. At times, due to different gauges in quality or altered documentation, the trader may end up bearing the consequences.

Thus, a Blockchain project by the name of Kratos hopes to solve the issues mentioned above.

Disrupting The Physical Commodities Trading Industry

Image source

Kratos reminds me of the days when crowdfunding was just introduced. A lot of friends I knew started crowdfunding for their weddings and even their studies. However, some of them actually started crowdfunding campaigns for some interesting business ideas. One reason was that banks are awfully stringent with small businesses or even startups. Thus, it can be a pain to obtain funding from them. Kratos addresses the same need. Many countries including the US and China are facing tough economic times ahead.

As the world governments tighten its belt on spending, banks have also become rather less than willing to dish out loans to even capable SMEs, due to the chance of these businesses fail. With the Kratos token, however, funding can be obtained in a crowdfunding-like manner. This can range from investors to trading companies. In order to gain access to funding, token holders will have to vet these SMEs who have applied for funding. The token holders are incentivized to do so as they will be rewarded. That being said, I wonder how effective punishment would be since token holders will be punished for not vetting the SMEs carefully.

In addition, Kratos will help traders, consumers and other stakeholders to trace the commodities traded from where it was produced to where it was delivered. Since Kratos is an ERC-20 token, all information from the commodities' point of origin is recorded on the Blockchain. As such, unless you own more than 51% of Ethereum's hashing power, it will be impossible to falsify the data. Thus, it will be interesting to see how the project goes since it is by far the only Blockchain project in the commodities trading industry.

Sounds Good? Want To Win Some?

Image source

Thus, if this project sounds good and you are looking to get yourself some Kratos token, Trade.io is having a competition where they will be giving out up to 1 million Kratos (KTOS) tokens. If you already have an account, good on you, you would have been airdropped approximately 75 KTOS tokens. Now, if you want a piece of the 1 million KTOS tokens, all you have to do is trade it for a chance to win between 1000 to 200,000 KTOS tokens.

The competition ends on the 1st of February and in order to win, you will need to make it to the top 100 traders who have traded at the highest volume. What does that mean? Well, all you have to do is to buy or sell the token over as many times as you want. Just make sure that the total amount (volume) of your trade is high in order to get a slice of the 1 million KTOS tokens. Remember, you have until the 1st of Feburary, so get trading!

All the best! If you do win a portion of the 1 million KTOS tokens, maybe buy me an espresso? If you have any questions, do post them in the comments below.