About Kryptoin ICO
Kryptoin ICO began in Toronto, Canada late in 2016 with the anticipation that Bitcoin and digital assets would become a bigger part of everyone’s financial future. Part of this early trend recognition was identifying that investors could not utilize ETFs for exposure to crypto. With over 7000 ETFs on the global markets and over $5T under management we believed it was just a matter of time before a US Bitcoin ETF would be approved for retail investors as a means to provide a vehicle to safely transact and custody digital assets.
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. Kryptoin is a global company registered in the Cayman Islands with employees and members in Canada, US, Singapore, India and the Ukraine
Company More Detail
|1 KRP = 0.12 ETH
Permissionless Access to the Proxy Interchange
Elegance in Efficiency
Confirmation of Bitcoin blocks onto an Ethereum smart contract using a Matic side chain addresses the issue of gas fees and scalability
Comprehensive Crime Insurance
Commercial criminal insurance to further safekeep our client assets. The insurance coverage is arranged by Aon via a selection of international insurers.
The insurance is a proprietary Aon solution and covers theft of digital assets, via employee dishonesty or through third parties, held by Hex Trust on behalf of their clients.
DAO Member funds never mix with the general pool
How do You use BTCpx?
Minting refers to the process of creating new BTCpx tokens. Minting is a decentralized process whereby the user interacts directly with the smart contract to verify the BTC has been sent to the custodian. The BTCpx smart contract verifies the Chainwork and Merkelroot of the Bitcoin transaction and validates that to approve the minting of new tokens. Your BTC is stored in custody so the new tokens are backed by Bitcoin at a ratio of 1:1. There are no central or manual process involved, the system is trustless and can confirm transactions at 30 min intervals. Use your newly minted BTCpx on DEFI applications or stake them for rewards.
Utilizing the Proxy Relay to confirm BTC transactions onto the ETH smart contract makes the process transparent and permissionless with no counter party risk
Mint and Redeem
Minting and Burning maintains a 1 : 1 BTC/BTCpx ratio verifiable on chain for transparent accounting for all backed assets.
An institutional solution that holds Bitcoin directly with the custodian implemented with the safest policies and limits to ensuring that any BTC deposited is out of reach.
What is Earning?
Defines the process of earning rewards from the staking of BTCpx tokens into designated liquidity pools
Earn allows you earn the Governance Token PRXY through the staking of BTCpx into Liquidity Pools. This example shows the process staking into a Sushiswap Pool to earn 3 different assets