Kryll.io Smart Token Economy and Business Plan
Look at the fact that blockchain is currently attracting enthusiasm of digital users, many people do not want to waste this opportunity. They compete to create a blockchain-based platform that can support all business activities and even for everyday activities. The presence of those platforms will certainly make it easier and will make the cryptocurrency be a tool of transaction and investment that is practical and assured. Similarly, Kryll.io is presented by offering services required by everyone who wants to become a cryptocurrency trader. If in the previous article we have discussed about the background details and some features that Kryll.io has, then now we will provide information about smart token economy and also the business plan.
To run the strategies that have been made by traders, Kryll.io launches a utility token which is then called KRL. This token can be used to implement a strategy on live trading. The token KRL becomes fuel in every trader activity as well as the charges on the execution of smart contracts on the Ethereum blockchain. If the code in the applied strategy is complicated and has a complex task then of course will spend a lot of KRL. If traders are already charged for strategy execution, there will be no other fees related to subscription plans, hidden fees, trading commissions, and also strategic lease fees. In fact, not all activities require KRL tokens, there are some features free of charge such as for strategy-making, sandbox testing, and backtest testing.
As we know that the exchange rate of tokens including KRL tokens versus the USD currency will vary from time to time, then there should be a feature that can make the assessment periodically. This task will be performed by an autonomous decentralized smart contract. Smart contracts will conduct evaluation every 48 hours to calculate how much KRL energy is needed to run a block to keep it at a fair level for everyone.
As explained in the previous article that traders who succeeded in creating strategy can share that strategy to other traders. When the strategy provided by the creator is used, then the strategy need energy as the fuel which will be sent to the platform. Then, Kryll.io will provide the fee as set by the creator as a reward for the work. But what makes this good is that Kryll.io will never charge for traders who share or hire the shared strategy.
The income of tokens sale from cryptocurrency traders will certainly be a very important thing for the continuity of this platform. Tokens that have been sold will be the base fund to maintain platform development. In addition, the sales income will also provide funds for marketing personnel to get new users onboard. As for users who use KRL tokens in live trading will pay a fee that will be issued regularly to cover exploitation, maintenance and extension of Kryll.io. Therefore, this platform will continue to grow in line with the success of traders in selling cryptocurrency using the strategies they have applied or they have made in Kryll.io.
MORE INFORMATION :
WEBSITE : https://kryll.io/
WHITEPAPER : https://kryll.io/pdf/WhitePaper.pdf
TWITTER : https://twitter.com/kryll_io
FACEBOOK : https://www.facebook.com/kryll.io
TELEGRAM : https://t.me/kryll_io
BITCOINTALK :
| https://bitcointalk.org/index.php?action=profile;u=997810 |
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