Rated on Jul 13, 2018
Modified on Jul 20, 2018
“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.
Rated on Oct 30, 2018
Modified on Oct 30, 2018
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!
Rated on Jul 28, 2018
Modified on Jul 29, 2018
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.
Rated on Apr 16, 2019
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.
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.
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.
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.
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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