An Initial Token Sale or Initial Coin Offering (ICO) is the event for a cryptocurrency project such
as Kryll.io to sell its cryptocurrency tokens (KRL) to early adopters and enthusiasts in exchange
for funding.
This is an opportunity for Kryll.io to fund the future development of the platform and for the
purchasers of tokens to participate in the early stage of the project.
From the Kryll.io platform’s point of view, it is also an unique opportunity to inform future users
(whether they actually participate in the sale or not) about features they’ll be able to enjoy on
the platform. Moreover, users who’ll have taken part in the Initial Token Sale will benefit from an
early glimpse at the platform when the “funders” version is released.
Token Sale information
Users registered and having participated in the token sale will be invited to the alpha (dubbed
“funders edition”) version of the platform.
Bonus plan
Token allocation
Extra “kryllangelist” bonus will be available using personal referral link provided to each
registered user.
Funds usage
- 54% : Platform development
- 18% : Marketing expenses, user acquisition
- 15% : Exchange partnerships
- 09% : Operational costs, office, hosting
- 03% : Security reserve
- 01% : Legal expenses
Exchange listing
After the Token sale, the team will work with the following exchanges in order to have the token
listed, so that every trader that hasn’t bought tokens through the initial token sale will still buy
some and hence use the platform in live trading :
Cryptopia, KuCoin, HitBTC, Bittrex
Smart Token economy
-Strategy cost
The Kryll.io platform economy relies on its utility tokens
(KRL) that can be spent when using a strategy in live
trading. Just like each smart-contract execution costs on
the Ethereum blockchain depends on the complexity of
the code, each live trading strategies execution on the
Kryll.io will cost some energy (KRL fractions) depending
on the complexity of the task performed. Strategy
creation, backtests and sandbox testing will be free for
all users. Apart from fractions of KRL spent in the platform to
fuel live trading strategies, no further expense will be
charged by the platform: no subscription plan, no hidden
fees, no commissions on trade, no strategy rent fees
-Cost governance
Since the token value (as compared to USD) will vary over time, an autonomous decentralised
smart-contract will re-assess every 48 hours the energy needed to run the blocks in order to
keep it at a fair level for everyone, whatever the value of the token takes over time.
-Community provided strategies
When using a strategy provided by a creator, energy will be sent to the platform to fuel it, as
well as an excess of Krylls set by the creator as a reward for the work, Kryll.io will never take a
fee on strategy sharing or renting.
Business plan
The token sale will fund the development of the platform as well as provide marketing power
to get onboard new users. After that step, users using it in live trading will pay a fee that’ll be
recouped over time to cover the exploitation, maintenance and extension of Kryll.io.
Our past entrepreneurial endeavors tell us that 3 years business plans are unreliable given the
reality of highly variable environments, which is all the more true in the cryptocurrency world.
Nevertheless, we’ve projected one anyways !
Using Bittrex as an example and based on a rough estimate, if there are 0.2% of monthly users
on the platform in 2019 spending the equivalent of 6 USD per month in KRL (10 KRL) on average,
the operating cost of the platform will be covered. Given this, we will be able to invest a third of
the revenue into R&D projects in addition to keeping on innovating on the platform.
Facebook: https://www.facebook.com/kryll.io
Telegram: https://t.me/kryll_io
Website: https://kryll.io/
Twitter: https://twitter.com/kryll_io
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