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Ratings Kryptoin

A Patent Pending Blockchain ETF Platform

The Kryptoin ETF System is a patent-pending platform that enables a digital token to be exchange-traded with a basket of cryptocurrencies that represents any index or sector. The ETF application integrates with any blockchain to enable that cryptocurrency to be included in the exchange trade. All ETF tokens are inherently asset-backed. The smart contract is utilized to bind specific requirements of the in-kind exchange creating a decentralized asset management system. Kryptoin ETF Tokens behave like traditional ETFs found on a stock exchange but the underlying assets are digital currencies. They are exchange traded by a Kryptoin Trading Desk and can be liquidated on a digital exchange. ETFs tokens can be assembled to track any index or benchmark of any sector or niche market globally.

3.7
5 4 expert ratings
Benchy 3.9
KYC
Experts
3.5
3.9
3.3
Review: coming soon PRO

Unknown
Token
KRP
Type
Price
1 KRP = 0.12 ETH
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
0.1 ETH
Soft cap
28,557 ETH
Hard cap
144,311 ETH
Country
Whitelist/KYC
KYC & Whitelist
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Jul 13, 2018
Modified on Jul 20, 2018
5
4
4
18%

“Kryptoin strives to push the evolution of the ETF by incorporating decentralized systems and Artificial Intelligence to create the best ETFs of the new economy.“
Interested to find out how many cryptos in your basket of ETF and duration for portfolio balancing.

+1Agree
-1
-2Disagree
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Miruna-Maura Barbulescu
Entrepreneur, Author, Journalist, Trainer, Influencer, Crypto Expert, Twitch Streamer and Marketing Specialist.
Rated on Oct 30, 2018
Modified on Oct 30, 2018
3
5
3
16%

The team is small.
Their MVP is a video, not an actual platform that I can test.
However, the vision sounds good and this project seems to have potential. Good luck!

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0
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Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Jul 28, 2018
Modified on Jul 29, 2018
3
3
3
15%

Team - not much financial markets experience, CIO profile not found. CFO is also supposed to provide 'independent audits'. Clearly a huge conflict of interest here. Very little resources added for legal and compliance.

Vision - an ETF platform isn't a bad idea - not original, but there is potential for better versions - and there seems to be some thought that has gone into the products. However, I have issues with 2 of the funds they intend to develop. Both the dividend fund and the Anonymous fund hold massive regulatory risks at the moment and thus could fall to zero overnight. Better consideration of the risks that different kinds of crypto-assets hold needs to take place, with the risk of each fund being clearly explained to prevent litigation.

Product - no MVP. Hence 3 until one is seen.

This project has the potential to be huge, but it needs better consideration around fund development, compliance and regulatory and auditing. Specialist advisors can help to bring the project up to a world beating level, but it does need work to get up to speed.

Good luck to the team and I hope the implementation goes well.

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0
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Norm Bond
Consultant, Digital Marketing Strategist
Rated on Apr 16, 2019
2
3
3
10%

Kryptoin ETF describes itself as "a patent-pending platform that enables a digital token to be exchange-traded with a basket of cryptocurrencies that represents any index or sector."

The token sale was originally slated for 1 Sept 2018. Currently no date is listed.

The soft cap is 28,557 ETH and hard cap 144,311 ETH with a minimum investment of 0.1 ETH. I am concerned when the target cap difference is 5X and not explained.

The whitepaper is not loading on the ICObench site, There is a 43-page whitepaper on the main site.

Team
The existing team appears light on the technical side, regulatory experience and security. While some team members listed have relevant history their level of commitment to the project is unclear. Key roles do not mention Kryptoin ETF on their LinkedIn profiles. Also two of the Team Profiles listed on ICObence were not available on LinkedIn.

Vision
The vision is very ambitious with the goal to be the future of Exchange Traded Funds (ETFs). There is broad interest in establishing an ETF for cryptocurrency so if the team is successful the demand
is in place. As we have seen to implement a vision as described requires a lot of coordination across regulation authorities, team and community.

Product:
The MVP demo shows a video but no audio explanation. It is running on
the Rinkeby Testnet. The visual is good but no idea when Mainnet will be live
which is really the proof of concept.

There is a patent filed for application in the U.S. but no indication of an international patent application. The patent is only applied for, not approved or granted at this point. Almost every country has its own patent law.

However 9500+ have registered for the Kryptoin ETF token launch according to the website.

The list of top 10 coins (in one pager) does not include EOS, Binance Coin or Tether. It is not clear if the planned ETF will adjust to reflect the current market. It may also indicate needs in the area of graphic design or marketing communications.

The social community is fair and Telegram seems particularly active.
Twitter - 2815 followers
Facebook - 4,142 likes and 4,169 follows
Telegram - 77,371 members
GitHub - Peercoin repository has 25commits with 1 branch and 2 contributors.
https://github.com/consynor/Kryptoin

There is a blog on the website with current posts and primarily the Kryptoin Blockchain Weekly Snapshot.

The project is still early stage as evidenced by the lack of clear dates. While logos for various exchanges are on the website there is no link to statements from these Exchanges indicating a relationship.

The ability to attract investors for AUM and build nodes for additional cryptocurrencies
and security increases risk.

There needs to be more track record. Time will tell us if the team can be successful.

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Benchy
ICO analyzer bot
3.9
41%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
4 members invited
Tariq Ali Asghar
Passed
Dong-Heon Kim
Passed
Eojin Lim
Passed
Jim Kyun Hong
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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