KRYPTOIN ETF: NOW THAT CRYPTOCURRENCY INVESTOR HAS A PLATFORM TO RELY ON.
The cryptocurrency boom as seen in the last quarter of 2017 has attracted attention and the response is massive. Everywhere you go, there is excitement, and people want to invest in cryptocurrency. This is not out of place because of the rate of return, when the market is positive. Things are not always uhuru in this cryptocurrency space. Many have lost a fortune because of scams and other malpractices and more so, the volatility of the market.
There is a platform which investors have used overtime in trading stocks, commodities, and bonds called Exchange Traded Fund (ETF). According to Wikipedia, An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks, An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur.
With the volatile nature of the cryptocurrency market, it no doubt the cryptocurrency environment really needs this platform. It will definitely cushion the apprehension in the market and investing public. It is importance and a big thing to note that ETF is finally coming to the cryptocurrency world. It is called Kryptoin ETF blockchain.
The Kryptoin Cryptocurrency Blockchain ETF System is a platform upon which ETF tokens can be created to track and encapsulate indices formulated to represent the evolving digital currency markets.
At present, there is no system on the blockchain with these capabilities. The developers and team at Kryptoin have to seize this space to introduce ETF to blockchain. They have created and patented the first of its kind system and are expecting the financial community will take notice.
With the growing complexities and risks of financial vehicles and cryptocurrencies, the Kryptoin ETF Token has been created to simplify and to lower the risks inherently found. The ETF token for the cryptocurrency market, like an ETF in the real world, will not only represent a vast array of currencies and behave as such, but it will also incorporate blockchain smart contract capabilities as well.
The Kryptoin ETF System is a platform that allows for the creation of a digital token representing the valuation of a combination of cryptocurrencies belonging to the same set of blockchain nodes integrated into our application. The application requires the integration of blockchains due to the inherent security risks and transactional demands of a conventional ETF ecosystem. The smart contract is utilized to bind specific requirements of an in-kind exchange between an ETF Issuer and Authorized Participant. The product of such an exchange between the parties is a decentralized system.
THE SYSTEM GOALS
The Kryptoin ETFs have set some goals to achieve. Among them are here briefly enumarated.
- To create Kryptoin ETF Tokens which will allow individuals, (buyers and users), of the tokens to attain risk/rewards similar to as if they holding all the cryptocurrencies represented in a basket.
- To make the ETF token help newcomers and the general public to make it easier to invest in cryptocurrencies and understand the underlying technologies of each coin and further shield them from greater volatility.
- To create an ETF token system that will allow users, whom we anticipate, will be Global Asset Managers and Individuals, to assemble creation units or indices to fit their specific investment objectives and preferences.
- To create a ETFs and their indices as a benchmark for many niche markets arising all over the world.
KRYP TOKENS AND KRP TOKENS EXPLAINED
There are two tokens in the Kryptoin ETF ecosystem, , RP and KRYP.
The KRP token is for the incubation of the KRYP ETF token, thereby signifying as the Kryptoin Blockchain 10 Token. So the KRYP token is an internal token. It will be convertibly in both ways for auction purposes at the rate of 1:1. KRYP will then be tradable/transferable between wallets and usable within the Kryptoin ecosystem. At the completion of auction, the KRP Tokens will then be exchanged for the KRYP token. The KRYP tokens have no cap (soft or hard) neither are they limited in number, due to the fact that they represent the ETF.
KRP on the other hand is an asset backed token, backed by the 10 underlying currencies otherwise called the basket of tokens. It is an ERC20 compatible token on the Ethereum blockchain. It will be traded in several exchanges when launched.
CONCLUSION
Since it is proven that the ETF has worked in other commodities, it is certain that the same could be the results for ETF on cryptocurrency. Therefore it is a worthy system to take a serious investment preview into. You can do so.
Further information
You can get detailed information through the official links below:
Website: https://kryptoin.io/
Whitepaper: https://kryptoin.io/whitepaper
Social media: https://t.me/kryptoinETFs https://twitter.com/@kryptoinETF https://medium.com/@kryptoin https://www.linkedin.com/company/kryptoin/ https://www.facebook.com/kryptoin
Author: MainIbem
ETH address: 0xCE957de5c671e914604e8C0d0842Ebf8444F6144