We have discussed about token sale on Initial Coin Offering (ICO) along with detail price and number of KRL tokens to be sold at the event. If the ICO event has been successfully implemented then the funds collected will soon be shared to maintain the platform development process. Funds collected through the ICO event accounted for 65% of the total funds held by the team. While 35% of the total funds are obtained from several posts, ie from the team itself as much as 13%, 10% from user acquisition contests, 5% from press relations, 5% from legal & advisor, and 2% from bounty.
The entire funds will be allocated to 6 sectors to drive the platform. Most will be used for platform development funds that require 54%. The team also needs funds to be used for marketing and user acquisition that will take up as much as 18% of the total funds. To establish partnerships with multiple exchanges, the team needs 15% of the funds, while the other 9% is needed to defray the office, operational costs, and also for hosting. The remaining 3% is used for security reserve, and the last 1% is for legal expenses.
In addition to applying the funds in accordance with the allocations that have been determined, Kryll.io team will cooperate with several exchanges to obtain the listed tokens. This is done so that any trader who has not bought tokens on the initial token sale will still be able to buy KRL tokens using live trading platform. These platforms include CRYPTOPIA, KuCoin, HitBTC, and BITTREX.
The amount of funds earned after the token selling is not only used to outlay the development of Kryll.io, but also for its maintenance. The execution must meet several important milestones depending on how much funds is earned. These milestones include:
o Machine learning to be applied to market analysis
o Technical analysis at an advanced stage
o Tools, including browser extensions, wallets, extended mobile companion apps, etc.
o Social plugins including the next block voting system, embedded stats, social divisions, iframes, etc.)
o Hackathons & Block Construction Kit
o Extention of white label exchange
As mentioned in the previous article, Kryll.io was founded by a team that has experience in crypto world and is under the auspices of a blockchain-based company, Cryptense S.A.S. Luca Benevolo as the founder also the CEO is the person who initiated the making of Kryll.io platform. He is a crypto fan who has worked in the IT industry as a R&D and entrepreneur. His passion for crypto has made him successful in setting up a game studio called Moving Player. Then to meet his crypto-passions, he founded Cryptense. Luca Benevolo did not make Kryll.io platform project alone because he collaborated with Philippe Longere who became CTO of Kryll.io. Philippe Longere is a partner of Luca since the creation of Moving Player and Cryptense and became a crypto trader since 2016. In addition to these two people, Kryll.io core team consists of several others, they are Jeremy Blot as Community Manager, Paul Collorafi as CMO / Strategic, Fabien Mabon as Backend Expert, Lisa Pons as Marketing Officer / PR, Francis Prat as Artistic Director, and Jay Salvat as Frontend Expert.
Being supported by a solid and competent team, Kryll.io is expected to become a platform that will be the key to the success of crypto traders in running their business and hopefully they will always support Kryll.io continues to evolve into a great and promising platform.
More Information:
ANN: https://bitcointalk.org/index.php?topic=2791849.0
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
TELEGRAM (bounty): https://t.me/kyrllbounty
MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=897640